SIFRALO: 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.
SIFRALO
Largest movements
- Tangible fixed assets -€23,533
down €23,533 (-11.2%), from €209,252 to €185,718
of which Furniture and vehicles: -€15,433
- Receivables within one year +€13,107
up €13,107 (+24.2%), from €54,267 to €67,374
of which Trade receivables: +€15,591
- Debts after one year -€26,926
down €26,926 (-66.6%), from €40,439 to €13,513
- Profit (loss) carried forward +€8,008
up €8,008 (+26.0%), from -€30,770 to -€22,762
- Gross operating margin -€10,860
down €10,860 (-24.7%), from €44,048 to €33,188
- Financial charges +€2,312
up €2,312 (+293%), from €790 to €3,102
- Financial income -€991
down €991 (-31.0%), from €3,201 to €2,210
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 | €475,745 | €459,808 | -€15,937 | -3.3% |
| Fixed assets | 21/28 | €409,252 | €385,718 | -€23,533 | -5.8% |
| Tangible fixed assets | 22/27 | €209,252 | €185,718 | -€23,533 | -11.2% |
| Plant, machinery and equipment | 23 | €61,469 | €53,369 | -€8,100 | -13.2% |
| Furniture and vehicles | 24 | €147,782 | €132,349 | -€15,433 | -10.4% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €66,493 | €74,090 | +€7,596 | +11.4% |
| Amounts receivable within one year | 40/41 | €54,267 | €67,374 | +€13,107 | +24.2% |
| Trade receivables | 40 | - | €15,591 | +€15,591 | |
| Other amounts receivable | 41 | €54,267 | €51,783 | -€2,484 | -4.6% |
| Cash at bank and in hand | 54/58 | €8,822 | €5,157 | -€3,664 | -41.5% |
| Deferred charges and accrued income | 490/1 | €3,404 | €1,559 | -€1,846 | -54.2% |
| Total equity and liabilities | 10/49 | €475,745 | €459,808 | -€15,937 | -3.3% |
| Equity | 10/15 | €69,230 | €77,238 | +€8,008 | +11.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,770 | -€22,762 | +€8,008 | +26.0% |
| Amounts payable | 17/49 | €406,515 | €382,571 | -€23,945 | -5.9% |
| Amounts payable after more than one year | 17 | €40,439 | €13,513 | -€26,926 | -66.6% |
| Financial debts | 170/4 | €40,439 | €13,513 | -€26,926 | -66.6% |
| Amounts payable within one year | 42/48 | €366,076 | €369,058 | +€2,982 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €26,795 | €26,926 | +€132 | +0.5% |
| Trade debts | 44 | €1,676 | €56 | -€1,620 | -96.7% |
| Suppliers | 440/4 | €1,676 | €56 | -€1,620 | -96.7% |
| Taxes, remuneration and social security | 45 | - | €4,373 | +€4,373 | |
| Taxes | 450/3 | - | €4,373 | +€4,373 | |
| Other amounts payable | 47/48 | €337,605 | €337,702 | +€98 | 0.0% |
| Non-recurring operating income | 76A | €23,662 | €0 | -€23,662 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,533 | €23,533 | +€0 | 0.0% |
| Other operating charges | 640/8 | €629 | €755 | +€125 | +19.9% |
| Gross operating margin | 9900 | €44,048 | €33,188 | -€10,860 | -24.7% |
| Operating profit (loss) | 9901 | €19,886 | €8,900 | -€10,986 | -55.2% |
| Financial income | 75/76B | €3,201 | €2,210 | -€991 | -31.0% |
| Recurring financial income | 75 | €3,201 | €2,210 | -€991 | -31.0% |
| Financial charges | 65/66B | €790 | €3,102 | +€2,312 | +293% |
| Recurring financial charges | 65 | €790 | €3,102 | +€2,312 | +293% |
| Profit (loss) for the period before taxes | 9903 | €22,297 | €8,008 | -€14,289 | -64.1% |
| Profit (loss) for the period | 9904 | €22,297 | €8,008 | -€14,289 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,297 | €8,008 | -€14,289 | -64.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.