SIHAZA: 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.
SIHAZA
Largest movements
- Receivables within one year +€131
up €131 (+21.2%), from €614 to €745
of which Other amounts receivable: +€109
- Cash -€94
down €94 (-86.8%), from €109 to €14
mainly Other debts (-€3,100) and Receivables within one year (-€131)
- Profit (loss) carried forward +€3,118
up €3,118 (+2.9%), from -€106,156 to -€103,037
- Other debts -€3,100
down €3,100 (-3.5%), from €88,279 to €85,179
- Trade debts +€18
new in 2025: €18
- Gross operating margin -€6,018
down €6,018 (-63.4%), from €9,489 to €3,471
- Purchases and services -€1,687
down €1,687 (-71.8%), from €2,348 to €661
- Other operating charges -€1,677
down €1,677 (-90.0%), from €1,863 to €186
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 | €723 | €759 | +€36 | +5.0% |
| Current assets | 29/58 | €723 | €759 | +€36 | +5.0% |
| Amounts receivable within one year | 40/41 | €614 | €745 | +€131 | +21.2% |
| Trade receivables | 40 | - | €22 | +€22 | |
| Other amounts receivable | 41 | €614 | €723 | +€109 | +17.7% |
| Cash at bank and in hand | 54/58 | €109 | €14 | -€94 | -86.8% |
| Total equity and liabilities | 10/49 | €723 | €759 | +€36 | +5.0% |
| Equity | 10/15 | -€87,556 | -€84,437 | +€3,118 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,156 | -€103,037 | +€3,118 | +2.9% |
| Amounts payable | 17/49 | €88,279 | €85,197 | -€3,082 | -3.5% |
| Amounts payable within one year | 42/48 | €88,279 | €85,197 | -€3,082 | -3.5% |
| Trade debts | 44 | - | €18 | +€18 | |
| Suppliers | 440/4 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €88,279 | €85,179 | -€3,100 | -3.5% |
| Non-recurring operating income | 76A | €7,851 | - | -€7,851 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,348 | €661 | -€1,687 | -71.8% |
| Other operating charges | 640/8 | €1,863 | €186 | -€1,677 | -90.0% |
| Gross operating margin | 9900 | €9,489 | €3,471 | -€6,018 | -63.4% |
| Operating profit (loss) | 9901 | €7,626 | €3,286 | -€4,340 | -56.9% |
| Financial charges | 65/66B | €180 | €167 | -€13 | -7.2% |
| Recurring financial charges | 65 | €180 | €167 | -€13 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €7,445 | €3,118 | -€4,327 | -58.1% |
| Profit (loss) for the period | 9904 | €7,445 | €3,118 | -€4,327 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,445 | €3,118 | -€4,327 | -58.1% |
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 21 October 2026 via checked.be.