SIHAN: 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.
SIHAN
Largest movements
- Financial fixed assets +€592,490
up €592,490 (+646.5%), from €91,652 to €684,142
- Receivables within one year +€37,312
up €37,312 (+107.5%), from €34,696 to €72,008
of which Trade receivables: +€26,081
- Tangible fixed assets -€23,061
down €23,061 (-5.3%), from €433,902 to €410,841
- Other debts +€602,307
up €602,307 (+457.0%), from €131,784 to €734,091
- Debts after one year -€34,559
down €34,559 (-85.4%), from €40,469 to €5,910
- Reserves +€27,331
up €27,331 (+6.9%), from €397,678 to €425,008
- Gross operating margin -€52,217
down €52,217 (-33.5%), from €155,843 to €103,626
- Depreciation -€43,639
down €43,639 (-54.5%), from €80,105 to €36,466
- Financial charges +€22,537
up €22,537 (+194.3%), from €11,598 to €34,135
- Financial income +€11,320
up €11,320 (+75768.7%), from €15 to €11,335
of which Non-recurring financial income: +€11,335
- Taxes -€1,906
down €1,906 (-11.8%), from €16,174 to €14,268
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 | €650,105 | €1,257,701 | +€607,596 | +93.5% |
| Fixed assets | 21/28 | €525,554 | €1,094,983 | +€569,429 | +108.3% |
| Tangible fixed assets | 22/27 | €433,902 | €410,841 | -€23,061 | -5.3% |
| Land and buildings | 22 | €372,388 | €364,349 | -€8,039 | -2.2% |
| Furniture and vehicles | 24 | €32,974 | €22,965 | -€10,009 | -30.4% |
| Other tangible fixed assets | 26 | €28,540 | €23,528 | -€5,012 | -17.6% |
| Financial fixed assets | 28 | €91,652 | €684,142 | +€592,490 | +646.5% |
| Current assets | 29/58 | €124,551 | €162,718 | +€38,166 | +30.6% |
| Amounts receivable within one year | 40/41 | €34,696 | €72,008 | +€37,312 | +107.5% |
| Trade receivables | 40 | €34,696 | €60,777 | +€26,081 | +75.2% |
| Other amounts receivable | 41 | - | €11,232 | +€11,232 | |
| Cash at bank and in hand | 54/58 | €88,624 | €85,041 | -€3,583 | -4.0% |
| Deferred charges and accrued income | 490/1 | €1,231 | €5,668 | +€4,436 | +360.3% |
| Total equity and liabilities | 10/49 | €650,105 | €1,257,701 | +€607,596 | +93.5% |
| Equity | 10/15 | €416,278 | €443,608 | +€27,331 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €397,678 | €425,008 | +€27,331 | +6.9% |
| Distributable reserves | 133 | €397,678 | €425,008 | +€27,331 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €233,828 | €814,093 | +€580,265 | +248.2% |
| Amounts payable after more than one year | 17 | €40,469 | €5,910 | -€34,559 | -85.4% |
| Financial debts | 170/4 | €40,469 | €5,910 | -€34,559 | -85.4% |
| Amounts payable within one year | 42/48 | €192,972 | €808,183 | +€615,212 | +318.8% |
| Current portion of amounts payable after more than one year | 42 | €39,558 | €37,371 | -€2,187 | -5.5% |
| Trade debts | 44 | €2,394 | €10,846 | +€8,452 | +353.1% |
| Suppliers | 440/4 | €2,394 | €10,846 | +€8,452 | +353.1% |
| Taxes, remuneration and social security | 45 | €19,236 | €25,876 | +€6,640 | +34.5% |
| Taxes | 450/3 | €16,961 | €23,601 | +€6,640 | +39.1% |
| Remuneration and social security | 454/9 | €2,275 | €2,275 | = | 0.0% |
| Other amounts payable | 47/48 | €131,784 | €734,091 | +€602,307 | +457.0% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,105 | €36,466 | -€43,639 | -54.5% |
| Other operating charges | 640/8 | €1,089 | €2,762 | +€1,673 | +153.6% |
| Gross operating margin | 9900 | €155,843 | €103,626 | -€52,217 | -33.5% |
| Operating profit (loss) | 9901 | €74,649 | €64,399 | -€10,250 | -13.7% |
| Financial income | 75/76B | €15 | €11,335 | +€11,320 | +75768.7% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.2% |
| Non-recurring financial income | 76B | - | €11,335 | +€11,335 | |
| Financial charges | 65/66B | €11,598 | €34,135 | +€22,537 | +194.3% |
| Recurring financial charges | 65 | €11,598 | €34,135 | +€22,537 | +194.3% |
| Profit (loss) for the period before taxes | 9903 | €63,066 | €41,599 | -€21,467 | -34.0% |
| Income taxes | 67/77 | €16,174 | €14,268 | -€1,906 | -11.8% |
| Profit (loss) for the period | 9904 | €46,892 | €27,331 | -€19,561 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,892 | €27,331 | -€19,561 | -41.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.