Sijo: 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.
Sijo
Largest movements
- Tangible fixed assets -€5,386
down €5,386 (-23.4%), from €22,969 to €17,583
of which Furniture and vehicles: -€4,880
- Receivables within one year +€2,491
up €2,491 (+6.0%), from €41,293 to €43,784
of which Other amounts receivable: +€7,727
- Cash +€1,799
up €1,799 (+1.6%), from €113,148 to €114,948
mainly Other debts (+€20,171) and Depreciation (+€5,743)
- Other debts +€20,171
new in 2025: €20,171
- Reserves -€15,501
down €15,501 (-11.6%), from €133,206 to €117,706
of which Distributable reserves: -€15,501
- Tax, wage and social debts -€5,506
down €5,506 (-14.6%), from €37,795 to €32,288
of which Taxes: -€3,804
- Financial charges +€6,373
up €6,373 (+1014.5%), from €628 to €7,001
- Taxes -€4,057
down €4,057 (-40.7%), from €9,959 to €5,903
- Gross operating margin -€2,839
down €2,839 (-10.4%), from €27,280 to €24,440
- Depreciation +€2,155
up €2,155 (+60.1%), from €3,588 to €5,743
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 | €177,817 | €176,365 | -€1,453 | -0.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €23,376 | €17,633 | -€5,743 | -24.6% |
| Intangible fixed assets | 21 | €357 | €0 | -€357 | -100.0% |
| Tangible fixed assets | 22/27 | €22,969 | €17,583 | -€5,386 | -23.4% |
| Plant, machinery and equipment | 23 | €1,800 | €1,294 | -€506 | -28.1% |
| Furniture and vehicles | 24 | €21,169 | €16,289 | -€4,880 | -23.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €154,441 | €158,731 | +€4,290 | +2.8% |
| Amounts receivable within one year | 40/41 | €41,293 | €43,784 | +€2,491 | +6.0% |
| Trade receivables | 40 | €19,589 | €14,353 | -€5,236 | -26.7% |
| Other amounts receivable | 41 | €21,704 | €29,431 | +€7,727 | +35.6% |
| Cash at bank and in hand | 54/58 | €113,148 | €114,948 | +€1,799 | +1.6% |
| Total equity and liabilities | 10/49 | €177,817 | €176,365 | -€1,453 | -0.8% |
| Equity | 10/15 | €139,406 | €123,906 | -€15,501 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,206 | €117,706 | -€15,501 | -11.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,346 | €115,846 | -€15,501 | -11.8% |
| Amounts payable | 17/49 | €38,411 | €52,459 | +€14,048 | +36.6% |
| Amounts payable within one year | 42/48 | €38,411 | €52,459 | +€14,048 | +36.6% |
| Trade debts | 44 | €616 | - | -€616 | |
| Suppliers | 440/4 | €616 | - | -€616 | |
| Taxes, remuneration and social security | 45 | €37,795 | €32,288 | -€5,506 | -14.6% |
| Taxes | 450/3 | €35,541 | €31,737 | -€3,804 | -10.7% |
| Remuneration and social security | 454/9 | €2,254 | €552 | -€1,702 | -75.5% |
| Other amounts payable | 47/48 | - | €20,171 | +€20,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,588 | €5,743 | +€2,155 | +60.1% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €27,280 | €24,440 | -€2,839 | -10.4% |
| Operating profit (loss) | 9901 | €23,692 | €18,635 | -€5,057 | -21.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €628 | €7,001 | +€6,373 | +1014.5% |
| Recurring financial charges | 65 | €628 | €7,001 | +€6,373 | +1014.5% |
| Profit (loss) for the period before taxes | 9903 | €23,073 | €11,634 | -€11,439 | -49.6% |
| Income taxes | 67/77 | €9,959 | €5,903 | -€4,057 | -40.7% |
| Profit (loss) for the period | 9904 | €13,114 | €5,732 | -€7,382 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,114 | €5,732 | -€7,382 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.