SIHOTA: 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.
SIHOTA
Largest movements
- Stocks and contracts -€4,825
down €4,825 (-40.1%), from €12,029 to €7,204
- Cash -€2,800
down €2,800 (-85.6%), from €3,272 to €472
mainly Trade debts (-€23,386) and Contributions, distributions and other (-€1)
- Trade debts -€23,386
down €23,386 (-67.6%), from €34,620 to €11,234
- Profit (loss) carried forward +€13,017
up €13,017 (+38.8%), from -€33,588 to -€20,571
- Other debts +€2,019
up €2,019 (+23.9%), from €8,452 to €10,471
- Tax, wage and social debts +€726
up €726 (+205%), from €355 to €1,081
- Gross operating margin +€24,949
up €24,949, from -€10,788 to €14,161
- Purchases and services -€21,799
down €21,799 (-16.4%), from €132,650 to €110,851
- Turnover -€19,258
down €19,258 (-16.9%), from €113,667 to €94,409
- Depreciation -€1,564
no longer reported in 2024 (was €1,564)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,197 | €8,572 | -€7,625 | -47.1% |
| Fixed assets | 21/28 | €896 | €896 | = | 0.0% |
| Financial fixed assets | 28 | €896 | €896 | = | 0.0% |
| Current assets | 29/58 | €15,301 | €7,676 | -€7,625 | -49.8% |
| Stocks and contracts in progress | 3 | €12,029 | €7,204 | -€4,825 | -40.1% |
| Stocks | 30/36 | €12,029 | €7,204 | -€4,825 | -40.1% |
| Cash at bank and in hand | 54/58 | €3,272 | €472 | -€2,800 | -85.6% |
| Total equity and liabilities | 10/49 | €16,197 | €8,572 | -€7,625 | -47.1% |
| Equity | 10/15 | -€27,230 | -€14,214 | +€13,016 | +47.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €158 | €157 | -€1 | -0.6% |
| Non-distributable reserves | 130/1 | €158 | €157 | -€1 | -0.6% |
| Legal reserve | 130 | €158 | - | -€158 | |
| Reserves not available under the articles | 1311 | - | €157 | +€157 | |
| Profit (loss) carried forward | 14 | -€33,588 | -€20,571 | +€13,017 | +38.8% |
| Amounts payable | 17/49 | €43,427 | €22,786 | -€20,641 | -47.5% |
| Amounts payable within one year | 42/48 | €43,427 | €22,786 | -€20,641 | -47.5% |
| Trade debts | 44 | €34,620 | €11,234 | -€23,386 | -67.6% |
| Suppliers | 440/4 | €34,620 | €11,234 | -€23,386 | -67.6% |
| Taxes, remuneration and social security | 45 | €355 | €1,081 | +€726 | +205% |
| Taxes | 450/3 | €355 | €1,081 | +€726 | +205% |
| Other amounts payable | 47/48 | €8,452 | €10,471 | +€2,019 | +23.9% |
| Turnover | 70 | €113,667 | €94,409 | -€19,258 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,650 | €110,851 | -€21,799 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,564 | - | -€1,564 | |
| Other operating charges | 640/8 | €1,450 | €1,010 | -€440 | -30.3% |
| Gross operating margin | 9900 | -€10,788 | €14,161 | +€24,949 | |
| Operating profit (loss) | 9901 | -€13,802 | €13,151 | +€26,953 | |
| Financial charges | 65/66B | €136 | €134 | -€2 | -1.5% |
| Recurring financial charges | 65 | €136 | €134 | -€2 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,938 | €13,017 | +€26,955 | |
| Profit (loss) for the period | 9904 | -€13,938 | €13,017 | +€26,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,938 | €13,017 | +€26,955 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.