SIFEN Digital Solutions: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIFEN Digital Solutions
Largest movements
- Cash -€28,261
down €28,261 (-58.9%), from €47,974 to €19,714
mainly Other debts (-€47,500) and Contributions, distributions and other (-€28,000)
- Receivables within one year -€26,652
down €26,652 (-61.7%), from €43,163 to €16,511
of which Other amounts receivable: -€30,303
- Other debts -€47,500
down €47,500 (-59.4%), from €80,000 to €32,500
- Tax, wage and social debts -€7,716
no longer reported in 2025 (was €7,716)
- Accrued charges and deferred income +€1,762
new in 2025: €1,762
- Profit (loss) carried forward -€1,146
down €1,146 (-73.0%), from €1,571 to €425
- Gross operating margin +€3,431
up €3,431 (+10.4%), from €32,848 to €36,279
- Financial charges +€1,788
up €1,788 (+4,982%), from €36 to €1,824
- Financial income -€553
down €553 (-66.7%), from €829 to €276
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,554 | €36,824 | -€54,730 | -59.8% |
| Fixed assets | 21/28 | €417 | €190 | -€228 | -54.5% |
| Tangible fixed assets | 22/27 | €417 | €190 | -€228 | -54.5% |
| Furniture and vehicles | 24 | €417 | €190 | -€228 | -54.5% |
| Current assets | 29/58 | €91,137 | €36,635 | -€54,503 | -59.8% |
| Amounts receivable within one year | 40/41 | €43,163 | €16,511 | -€26,652 | -61.7% |
| Trade receivables | 40 | €9,551 | €13,202 | +€3,651 | +38.2% |
| Other amounts receivable | 41 | €33,612 | €3,309 | -€30,303 | -90.2% |
| Cash at bank and in hand | 54/58 | €47,974 | €19,714 | -€28,261 | -58.9% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €91,554 | €36,824 | -€54,730 | -59.8% |
| Equity | 10/15 | €3,571 | €2,425 | -€1,146 | -32.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,571 | €425 | -€1,146 | -73.0% |
| Amounts payable | 17/49 | €87,983 | €34,399 | -€53,584 | -60.9% |
| Amounts payable within one year | 42/48 | €87,983 | €32,637 | -€55,346 | -62.9% |
| Trade debts | 44 | €267 | €137 | -€130 | -48.6% |
| Suppliers | 440/4 | €267 | €137 | -€130 | -48.6% |
| Taxes, remuneration and social security | 45 | €7,716 | - | -€7,716 | |
| Taxes | 450/3 | €7,716 | - | -€7,716 | |
| Other amounts payable | 47/48 | €80,000 | €32,500 | -€47,500 | -59.4% |
| Accrued charges and deferred income | 492/3 | - | €1,762 | +€1,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €228 | -€5 | -2.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €32,848 | €36,279 | +€3,431 | +10.4% |
| Operating profit (loss) | 9901 | €32,228 | €35,652 | +€3,424 | +10.6% |
| Financial income | 75/76B | €829 | €276 | -€553 | -66.7% |
| Recurring financial income | 75 | €829 | €276 | -€553 | -66.7% |
| Financial charges | 65/66B | €36 | €1,824 | +€1,788 | +4,982% |
| Recurring financial charges | 65 | €36 | €1,824 | +€1,788 | +4,982% |
| Profit (loss) for the period before taxes | 9903 | €33,022 | €34,105 | +€1,083 | +3.3% |
| Income taxes | 67/77 | €7,057 | €7,251 | +€194 | +2.7% |
| Profit (loss) for the period | 9904 | €25,964 | €26,854 | +€889 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,964 | €26,854 | +€889 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.