SIJS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€40,781
up €40,781 (+67.0%), from €60,841 to €101,622
- Cash +€10,608
up €10,608 (+22.5%), from €47,170 to €57,778
mainly Net result for the year (+€65,607) and Depreciation (+€3,117)
- Tangible fixed assets +€8,015
up €8,015 (+153%), from €5,241 to €13,255
- Receivables within one year +€2,163
up €2,163 (+10.2%), from €21,157 to €23,319
of which Other amounts receivable: +€1,739
- Reserves +€65,607
up €65,607 (+64.0%), from €102,500 to €168,107
- Gross operating margin +€11,065
up €11,065 (+14.2%), from €77,895 to €88,960
- Taxes -€2,658
down €2,658 (-12.5%), from €21,231 to €18,573
- Depreciation +€1,463
up €1,463 (+88.4%), from €1,654 to €3,117
- Financial income +€930
new in 2025: €930
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 | €137,487 | €199,025 | +€61,538 | +44.8% |
| Fixed assets | 21/28 | €5,241 | €13,255 | +€8,015 | +153% |
| Tangible fixed assets | 22/27 | €5,241 | €13,255 | +€8,015 | +153% |
| Plant, machinery and equipment | 23 | €5,241 | €13,255 | +€8,015 | +153% |
| Current assets | 29/58 | €132,246 | €185,770 | +€53,523 | +40.5% |
| Amounts receivable within one year | 40/41 | €21,157 | €23,319 | +€2,163 | +10.2% |
| Trade receivables | 40 | €21,135 | €21,559 | +€424 | +2.0% |
| Other amounts receivable | 41 | €22 | €1,761 | +€1,739 | +8,074% |
| Current investments | 50/53 | €60,841 | €101,622 | +€40,781 | +67.0% |
| Cash at bank and in hand | 54/58 | €47,170 | €57,778 | +€10,608 | +22.5% |
| Deferred charges and accrued income | 490/1 | €3,078 | €3,049 | -€29 | -0.9% |
| Total equity and liabilities | 10/49 | €137,487 | €199,025 | +€61,538 | +44.8% |
| Equity | 10/15 | €112,935 | €178,543 | +€65,607 | +58.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €102,500 | €168,107 | +€65,607 | +64.0% |
| Distributable reserves | 133 | €102,500 | €168,107 | +€65,607 | +64.0% |
| Profit (loss) carried forward | 14 | €435 | €435 | = | 0.0% |
| Amounts payable | 17/49 | €24,552 | €20,482 | -€4,070 | -16.6% |
| Amounts payable within one year | 42/48 | €24,552 | €20,482 | -€4,070 | -16.6% |
| Financial debts | 43 | - | €1,020 | +€1,020 | |
| Credit institutions | 430/8 | - | €1,020 | +€1,020 | |
| Trade debts | 44 | €1,891 | €16 | -€1,875 | -99.2% |
| Suppliers | 440/4 | €1,891 | €16 | -€1,875 | -99.2% |
| Taxes, remuneration and social security | 45 | €17,646 | €16,085 | -€1,560 | -8.8% |
| Taxes | 450/3 | €17,646 | €16,085 | -€1,560 | -8.8% |
| Other amounts payable | 47/48 | €5,015 | €3,361 | -€1,654 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €3,117 | +€1,463 | +88.4% |
| Other operating charges | 640/8 | €330 | €742 | +€412 | +125% |
| Gross operating margin | 9900 | €77,895 | €88,960 | +€11,065 | +14.2% |
| Operating profit (loss) | 9901 | €75,911 | €85,101 | +€9,190 | +12.1% |
| Financial income | 75/76B | - | €930 | +€930 | |
| Recurring financial income | 75 | - | €930 | +€930 | |
| Financial charges | 65/66B | €2,342 | €1,851 | -€492 | -21.0% |
| Recurring financial charges | 65 | €2,342 | €1,851 | -€492 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €73,568 | €84,180 | +€10,612 | +14.4% |
| Income taxes | 67/77 | €21,231 | €18,573 | -€2,658 | -12.5% |
| Profit (loss) for the period | 9904 | €52,337 | €65,607 | +€13,270 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,337 | €65,607 | +€13,270 | +25.4% |
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 23 October 2026 via checked.be.