SIJS: 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.
SIJS
Largest movements
- Cash +€334,476
up €334,476 (+29.0%), from €1.2m to €1.5m
mainly Net result for the year (+€293,416) and Depreciation (+€270,054)
- Receivables after one year -€149,204
down €149,204 (-100%), from €149,204 to €0
- Receivables within one year +€135,940
up €135,940 (+16.3%), from €836,246 to €972,186
of which Trade receivables: +€170,256
- Stocks and contracts -€87,808
down €87,808 (-4.5%), from €1.9m to €1.8m
- Reserves +€293,416
up €293,416 (+11.0%), from €2.7m to €3.0m
- Other debts -€181,000
down €181,000 (-29.1%), from €623,023 to €442,023
- Trade debts +€132,477
up €132,477 (+42.0%), from €315,232 to €447,709
- Accrued charges and deferred income +€125,362
up €125,362 (+45.3%), from €276,492 to €401,853
- Debts after one year -€109,039
down €109,039 (-23.5%), from €463,887 to €354,848
- Staff costs -€90,767
down €90,767 (-4.6%), from €2.0m to €1.9m
- Gross operating margin +€88,047
up €88,047 (+3.6%), from €2.5m to €2.5m
- Taxes +€51,820
up €51,820 (+54.3%), from €95,445 to €147,266
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 | €4,936,204 | €5,157,844 | +€221,640 | +4.5% |
| Fixed assets | 21/28 | €862,888 | €851,123 | -€11,764 | -1.4% |
| Intangible fixed assets | 21 | €141,140 | €112,912 | -€28,228 | -20.0% |
| Tangible fixed assets | 22/27 | €721,747 | €738,211 | +€16,464 | +2.3% |
| Land and buildings | 22 | €373,032 | €295,060 | -€77,972 | -20.9% |
| Plant, machinery and equipment | 23 | €184,269 | €231,013 | +€46,744 | +25.4% |
| Furniture and vehicles | 24 | €36,869 | €25,704 | -€11,165 | -30.3% |
| Leasing and similar rights | 25 | €124,747 | €183,604 | +€58,857 | +47.2% |
| Other tangible fixed assets | 26 | €2,830 | €2,830 | = | 0.0% |
| Current assets | 29/58 | €4,073,317 | €4,306,721 | +€233,404 | +5.7% |
| Amounts receivable after more than one year | 29 | €149,204 | €0 | -€149,204 | -100% |
| Other amounts receivable | 291 | €149,204 | €0 | -€149,204 | -100% |
| Stocks and contracts in progress | 3 | €1,933,533 | €1,845,725 | -€87,808 | -4.5% |
| Stocks | 30/36 | €1,933,533 | €1,845,725 | -€87,808 | -4.5% |
| Amounts receivable within one year | 40/41 | €836,246 | €972,186 | +€135,940 | +16.3% |
| Trade receivables | 40 | €703,970 | €874,226 | +€170,256 | +24.2% |
| Other amounts receivable | 41 | €132,276 | €97,960 | -€34,316 | -25.9% |
| Cash at bank and in hand | 54/58 | €1,154,334 | €1,488,810 | +€334,476 | +29.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,936,204 | €5,157,844 | +€221,640 | +4.5% |
| Equity | 10/15 | €2,680,011 | €2,973,428 | +€293,416 | +10.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,661,461 | €2,954,878 | +€293,416 | +11.0% |
| Distributable reserves | 133 | €2,661,461 | €2,954,878 | +€293,416 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,256,193 | €2,184,417 | -€71,776 | -3.2% |
| Amounts payable after more than one year | 17 | €463,887 | €354,848 | -€109,039 | -23.5% |
| Financial debts | 170/4 | €463,887 | €354,848 | -€109,039 | -23.5% |
| Amounts payable within one year | 42/48 | €1,515,814 | €1,427,715 | -€88,099 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €256,729 | €254,887 | -€1,842 | -0.7% |
| Trade debts | 44 | €315,232 | €447,709 | +€132,477 | +42.0% |
| Suppliers | 440/4 | €315,232 | €447,709 | +€132,477 | +42.0% |
| Taxes, remuneration and social security | 45 | €320,831 | €283,096 | -€37,734 | -11.8% |
| Taxes | 450/3 | €67,651 | €80,366 | +€12,715 | +18.8% |
| Remuneration and social security | 454/9 | €253,180 | €202,731 | -€50,449 | -19.9% |
| Other amounts payable | 47/48 | €623,023 | €442,023 | -€181,000 | -29.1% |
| Accrued charges and deferred income | 492/3 | €276,492 | €401,853 | +€125,362 | +45.3% |
| Non-recurring operating income | 76A | €3,026 | €0 | -€3,026 | -100% |
| Remuneration, social security and pensions | 62 | €1,982,014 | €1,891,248 | -€90,767 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268,583 | €270,054 | +€1,472 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €19,753 | €17,302 | -€2,452 | -12.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,458,441 | €2,546,489 | +€88,047 | +3.6% |
| Operating profit (loss) | 9901 | €188,091 | €367,885 | +€179,794 | +95.6% |
| Financial income | 75/76B | €114,618 | €104,707 | -€9,911 | -8.6% |
| Recurring financial income | 75 | €114,618 | €104,707 | -€9,911 | -8.6% |
| Financial charges | 65/66B | €31,762 | €31,910 | +€148 | +0.5% |
| Recurring financial charges | 65 | €31,762 | €31,910 | +€148 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €270,948 | €440,682 | +€169,734 | +62.6% |
| Income taxes | 67/77 | €95,445 | €147,266 | +€51,820 | +54.3% |
| Profit (loss) for the period | 9904 | €175,502 | €293,416 | +€117,914 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €175,502 | €293,416 | +€117,914 | +67.2% |
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.