SIJEMA: 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.
SIJEMA
Largest movements
- Tangible fixed assets +€83,838
up €83,838 (+803%), from €10,447 to €94,285
- Cash +€27,313
up €27,313 (+289%), from €9,445 to €36,758
mainly Other debts (+€93,240) and Trade debts (+€56,311)
- Receivables within one year +€18,966
up €18,966 (+46.4%), from €40,901 to €59,867
of which Other amounts receivable: +€20,466
- Other debts +€93,240
up €93,240 (+1,369%), from €6,812 to €100,052
- Trade debts +€56,311
up €56,311 (+145%), from €38,837 to €95,148
- Advances received -€18,000
no longer reported in 2025 (was €18,000)
- Purchases and services -€17,911
down €17,911 (-18.1%), from €99,162 to €81,251
- Turnover -€16,944
down €16,944 (-10.2%), from €165,927 to €148,983
- Taxes +€13,785
new in 2025: €13,785
- Depreciation -€5,452
down €5,452 (-44.9%), from €12,156 to €6,704
- Gross operating margin -€2,882
down €2,882 (-4.1%), from €70,614 to €67,732
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 | €297,647 | €427,764 | +€130,117 | +43.7% |
| Fixed assets | 21/28 | €10,447 | €94,285 | +€83,838 | +803% |
| Tangible fixed assets | 22/27 | €10,447 | €94,285 | +€83,838 | +803% |
| Furniture and vehicles | 24 | €10,447 | €94,285 | +€83,838 | +803% |
| Current assets | 29/58 | €287,200 | €333,479 | +€46,279 | +16.1% |
| Stocks and contracts in progress | 3 | €236,250 | €236,250 | = | 0.0% |
| Stocks | 30/36 | €236,250 | €236,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,901 | €59,867 | +€18,966 | +46.4% |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Other amounts receivable | 41 | €39,401 | €59,867 | +€20,466 | +51.9% |
| Cash at bank and in hand | 54/58 | €9,445 | €36,758 | +€27,313 | +289% |
| Deferred charges and accrued income | 490/1 | €604 | €604 | = | 0.0% |
| Total equity and liabilities | 10/49 | €297,647 | €427,764 | +€130,117 | +43.7% |
| Equity | 10/15 | €79,903 | €81,780 | +€1,877 | +2.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,903 | €77,780 | +€1,877 | +2.5% |
| Amounts payable | 17/49 | €217,744 | €345,984 | +€128,240 | +58.9% |
| Amounts payable after more than one year | 17 | €148,454 | €148,454 | = | 0.0% |
| Financial debts | 170/4 | €148,454 | €148,454 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,290 | €197,530 | +€128,240 | +185% |
| Current portion of amounts payable after more than one year | 42 | €2,330 | €2,330 | = | 0.0% |
| Trade debts | 44 | €38,837 | €95,148 | +€56,311 | +145% |
| Suppliers | 440/4 | €38,837 | €95,148 | +€56,311 | +145% |
| Advances received on contracts in progress | 46 | €18,000 | - | -€18,000 | |
| Taxes, remuneration and social security | 45 | €3,311 | - | -€3,311 | |
| Taxes | 450/3 | €3,311 | - | -€3,311 | |
| Other amounts payable | 47/48 | €6,812 | €100,052 | +€93,240 | +1,369% |
| Turnover | 70 | €165,927 | €148,983 | -€16,944 | -10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,162 | €81,251 | -€17,911 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,156 | €6,704 | -€5,452 | -44.9% |
| Other operating charges | 640/8 | €4,653 | €5,176 | +€523 | +11.2% |
| Gross operating margin | 9900 | €70,614 | €67,732 | -€2,882 | -4.1% |
| Operating profit (loss) | 9901 | €53,805 | €55,852 | +€2,047 | +3.8% |
| Financial charges | 65/66B | €2,822 | €190 | -€2,632 | -93.3% |
| Recurring financial charges | 65 | €2,822 | €190 | -€2,632 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €50,983 | €55,662 | +€4,679 | +9.2% |
| Income taxes | 67/77 | - | €13,785 | +€13,785 | |
| Profit (loss) for the period | 9904 | €50,983 | €41,877 | -€9,106 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,983 | €41,877 | -€9,106 | -17.9% |
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 14 October 2026 via checked.be.