SIFFRIMMO: what changed
Two fiscal 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.
SIFFRIMMO
Largest movements
- Tangible fixed assets -€187,170
down €187,170 (-39.9%), from €468,848 to €281,678
of which Land and buildings: -€166,600
- Receivables within one year +€134,723
up €134,723 (+443.6%), from €30,367 to €165,090
of which Other amounts receivable: +€163,409
- Cash +€7,438
up €7,438 (+1508.7%), from €493 to €7,931
mainly Investment in fixed assets (net) (+€167,672) and Net result for the year (+€156,366)
- Other debts -€157,564
no longer reported in 2025 (was €157,564)
- Profit (loss) carried forward +€156,366
up €156,366 (+75.7%), from -€206,552 to -€50,186
- Trade debts -€31,330
down €31,330 (-82.3%), from €38,057 to €6,727
- Current portion of long-term debt -€10,121
down €10,121 (-66.5%), from €15,228 to €5,107
- Debts after one year -€5,107
no longer reported in 2025 (was €5,107)
- Gross operating margin +€242,024
up €242,024, from -€59,285 to €182,739
- Financial income +€10,701
up €10,701 (+3963.3%), from €270 to €10,971
- Depreciation -€10,351
down €10,351 (-34.0%), from €30,462 to €20,111
- Other operating charges -€1,920
down €1,920 (-60.6%), from €3,170 to €1,250
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.
Cash bridge derived
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 | €500,969 | €455,347 | -€45,622 | -9.1% |
| Fixed assets | 21/28 | €469,471 | €281,688 | -€187,783 | -40.0% |
| Tangible fixed assets | 22/27 | €468,848 | €281,678 | -€187,170 | -39.9% |
| Land and buildings | 22 | €443,250 | €276,650 | -€166,600 | -37.6% |
| Furniture and vehicles | 24 | €25,598 | €5,028 | -€20,570 | -80.4% |
| Financial fixed assets | 28 | €623 | €10 | -€613 | -98.4% |
| Current assets | 29/58 | €31,498 | €173,659 | +€142,161 | +451.3% |
| Amounts receivable within one year | 40/41 | €30,367 | €165,090 | +€134,723 | +443.6% |
| Trade receivables | 40 | €28,686 | - | -€28,686 | |
| Other amounts receivable | 41 | €1,681 | €165,090 | +€163,409 | +9720.9% |
| Cash at bank and in hand | 54/58 | €493 | €7,931 | +€7,438 | +1508.7% |
| Deferred charges and accrued income | 490/1 | €638 | €638 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €500,969 | €455,347 | -€45,622 | -9.1% |
| Equity | 10/15 | €284,113 | €440,479 | +€156,366 | +55.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €470,205 | €470,205 | +€0 | 0.0% |
| Distributable reserves | 133 | €470,205 | €470,205 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€206,552 | -€50,186 | +€156,366 | +75.7% |
| Amounts payable | 17/49 | €216,856 | €14,868 | -€201,988 | -93.1% |
| Amounts payable after more than one year | 17 | €5,107 | - | -€5,107 | |
| Financial debts | 170/4 | €5,107 | - | -€5,107 | |
| Amounts payable within one year | 42/48 | €211,749 | €14,868 | -€196,881 | -93.0% |
| Current portion of amounts payable after more than one year | 42 | €15,228 | €5,107 | -€10,121 | -66.5% |
| Trade debts | 44 | €38,057 | €6,727 | -€31,330 | -82.3% |
| Suppliers | 440/4 | €38,057 | €6,727 | -€31,330 | -82.3% |
| Taxes, remuneration and social security | 45 | €900 | €3,034 | +€2,134 | +237.1% |
| Taxes | 450/3 | €900 | €3,034 | +€2,134 | +237.1% |
| Other amounts payable | 47/48 | €157,564 | - | -€157,564 | |
| Non-recurring operating income | 76A | - | €280,728 | +€280,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,462 | €20,111 | -€10,351 | -34.0% |
| Other operating charges | 640/8 | €3,170 | €1,250 | -€1,920 | -60.6% |
| Non-recurring operating charges | 66A | - | €15,275 | +€15,275 | |
| Gross operating margin | 9900 | -€59,285 | €182,739 | +€242,024 | |
| Operating profit (loss) | 9901 | -€92,917 | €146,103 | +€239,020 | |
| Financial income | 75/76B | €270 | €10,971 | +€10,701 | +3963.3% |
| Recurring financial income | 75 | €270 | €10,971 | +€10,701 | +3963.3% |
| Financial charges | 65/66B | €500 | €363 | -€137 | -27.5% |
| Recurring financial charges | 65 | €500 | €363 | -€137 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€93,147 | €156,711 | +€249,858 | |
| Income taxes | 67/77 | €929 | €345 | -€584 | -62.9% |
| Profit (loss) for the period | 9904 | -€94,076 | €156,366 | +€250,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,076 | €156,366 | +€250,442 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.