Sio: 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.
Sio
Largest movements
- Current investments +€24,499
new in 2025: €24,499
- Cash +€8,575
up €8,575 (+23.5%), from €36,420 to €44,995
mainly Net result for the year (+€46,037) and Other debts (+€8,639)
- Deferred charges and accrued income +€2,658
up €2,658 (+44.3%), from €6,003 to €8,660
- Tangible fixed assets -€2,409
down €2,409 (-13.0%), from €18,598 to €16,189
of which Other tangible fixed assets: -€1,282
- Receivables within one year +€1,775
up €1,775 (+17.7%), from €10,007 to €11,782
of which Other amounts receivable: +€2,419
- Reserves +€26,389
up €26,389 (+30.1%), from €87,634 to €114,023
- Other debts +€8,639
up €8,639 (+183%), from €4,729 to €13,369
- Tax, wage and social debts +€4,027
up €4,027 (+73.0%), from €5,520 to €9,547
- Debts after one year -€3,133
down €3,133 (-40.0%), from €7,827 to €4,693
- Financial income +€20,330
up €20,330 (+1,922%), from €1,058 to €21,388
- Gross operating margin +€12,963
up €12,963 (+41.3%), from €31,370 to €44,333
- Taxes +€5,304
up €5,304 (+67.7%), from €7,837 to €13,141
- Depreciation +€778
up €778 (+27.1%), from €2,871 to €3,648
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 | €113,696 | €148,794 | +€35,098 | +30.9% |
| Fixed assets | 21/28 | €25,266 | €22,857 | -€2,409 | -9.5% |
| Tangible fixed assets | 22/27 | €18,598 | €16,189 | -€2,409 | -13.0% |
| Plant, machinery and equipment | 23 | €2,790 | €2,188 | -€602 | -21.6% |
| Furniture and vehicles | 24 | €3,655 | €3,130 | -€525 | -14.4% |
| Other tangible fixed assets | 26 | €12,153 | €10,871 | -€1,282 | -10.5% |
| Financial fixed assets | 28 | €6,668 | €6,668 | = | 0.0% |
| Current assets | 29/58 | €88,430 | €125,937 | +€37,507 | +42.4% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,007 | €11,782 | +€1,775 | +17.7% |
| Trade receivables | 40 | €644 | €0 | -€644 | -100% |
| Other amounts receivable | 41 | €9,363 | €11,782 | +€2,419 | +25.8% |
| Current investments | 50/53 | - | €24,499 | +€24,499 | |
| Cash at bank and in hand | 54/58 | €36,420 | €44,995 | +€8,575 | +23.5% |
| Deferred charges and accrued income | 490/1 | €6,003 | €8,660 | +€2,658 | +44.3% |
| Total equity and liabilities | 10/49 | €113,696 | €148,794 | +€35,098 | +30.9% |
| Equity | 10/15 | €88,634 | €115,023 | +€26,389 | +29.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,634 | €114,023 | +€26,389 | +30.1% |
| Distributable reserves | 133 | €87,634 | €114,023 | +€26,389 | +30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,062 | €33,770 | +€8,708 | +34.7% |
| Amounts payable after more than one year | 17 | €7,827 | €4,693 | -€3,133 | -40.0% |
| Financial debts | 170/4 | €7,827 | €4,693 | -€3,133 | -40.0% |
| Amounts payable within one year | 42/48 | €16,785 | €28,477 | +€11,692 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €4,493 | €3,133 | -€1,360 | -30.3% |
| Financial debts | 43 | €129 | €1,430 | +€1,301 | +1,008% |
| Credit institutions | 430/8 | €129 | €1,430 | +€1,301 | +1,008% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,914 | €998 | -€916 | -47.9% |
| Suppliers | 440/4 | €1,914 | €998 | -€916 | -47.9% |
| Taxes, remuneration and social security | 45 | €5,520 | €9,547 | +€4,027 | +73.0% |
| Taxes | 450/3 | €5,520 | €9,547 | +€4,027 | +73.0% |
| Other amounts payable | 47/48 | €4,729 | €13,369 | +€8,639 | +183% |
| Accrued charges and deferred income | 492/3 | €450 | €600 | +€150 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,871 | €3,648 | +€778 | +27.1% |
| Other operating charges | 640/8 | €558 | €580 | +€22 | +3.9% |
| Non-recurring operating charges | 66A | - | €132 | +€132 | |
| Gross operating margin | 9900 | €31,370 | €44,333 | +€12,963 | +41.3% |
| Operating profit (loss) | 9901 | €27,941 | €39,974 | +€12,032 | +43.1% |
| Financial income | 75/76B | €1,058 | €21,388 | +€20,330 | +1,922% |
| Recurring financial income | 75 | €1,058 | €21,388 | +€20,330 | +1,922% |
| Financial charges | 65/66B | €2,334 | €2,184 | -€150 | -6.4% |
| Recurring financial charges | 65 | €2,334 | €2,184 | -€150 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €26,665 | €59,178 | +€32,512 | +122% |
| Income taxes | 67/77 | €7,837 | €13,141 | +€5,304 | +67.7% |
| Profit (loss) for the period | 9904 | €18,828 | €46,037 | +€27,208 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €18,828 | €46,037 | +€27,208 | +145% |
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 18 October 2026 via checked.be.