SIO Development: 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.
What changed
SIO Development
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€341,109
2024 · -€5,118+€346,227
Equity
€390,154
2024 · €49,045+€341,109
Cash
€1,134
2024 · €4,817-€3,683
Balance sheet total
€1.6m
2024 · €6.7m-€5.1m
Largest movements
Assets
- Stocks and contracts -€4.7m
down €4.7m (-76.6%), from €6.1m to €1.4m
- Receivables within one year -€439,490
down €439,490 (-79.7%), from €551,451 to €111,961
Equity and liabilities
- Debts after one year -€5.8m
down €5.8m (-91.8%), from €6.4m to €520,000
- Profit (loss) carried forward +€334,959
up €334,959, from -€12,455 to €322,504
- Accrued charges and deferred income +€133,457
up €133,457 (+48.4%), from €275,601 to €409,058
- Tax, wage and social debts +€119,748
new in 2025: €119,748
- Trade debts +€116,311
up €116,311 (+1,126%), from €10,334 to €126,644
Income statement
- Turnover +€5.6m
new in 2025: €5.6m
- Goods and materials -€157,656
down €157,656 (-57.8%), from €272,954 to €115,298
- Taxes +€119,748
new in 2025: €119,748
- Services and other goods +€57,387
up €57,387 (+1,740%), from €3,297 to €60,684
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.
Result 2024
-€5,118
Turnover
+€5.6m
Goods and materials
+€157,656
Services and other goods
-€57,387
Other operating charges
-€643
Other operating items
-€5.2m
Financial income
+€1,702
Financial charges
-€2,916
Taxes
-€119,748
Result 2025
€341,109
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.8m
Investment
€0
Financing
-€5.8m
Cash 2024
€4,817
From operations (derived)
+€5.8m
Net result for the year
+€341,109
Stocks and contracts
+€4.7m
Receivables within one year
+€439,490
Deferred charges and accrued income
-€10,809
Trade debts
+€116,311
Tax, wage and social debts
+€119,748
Accrued charges and deferred income
+€133,457
Financing
-€5.8m
Debts after one year
-€5.8m
Cash 2025
€1,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,686,979 | €1,565,605 | -€5.1m | -76.6% |
| Current assets | 29/58 | €6,686,979 | €1,565,605 | -€5.1m | -76.6% |
| Stocks and contracts in progress | 3 | €6,125,358 | €1,436,347 | -€4.7m | -76.6% |
| Stocks | 30/36 | €6,125,358 | €1,436,347 | -€4.7m | -76.6% |
| Property held for sale | 35 | €6,125,358 | €1,436,347 | -€4.7m | -76.6% |
| Amounts receivable within one year | 40/41 | €551,451 | €111,961 | -€439,490 | -79.7% |
| Trade receivables | 40 | €551,451 | €111,961 | -€439,490 | -79.7% |
| Cash at bank and in hand | 54/58 | €4,817 | €1,134 | -€3,683 | -76.5% |
| Deferred charges and accrued income | 490/1 | €5,353 | €16,162 | +€10,809 | +202% |
| Total equity and liabilities | 10/49 | €6,686,979 | €1,565,605 | -€5.1m | -76.6% |
| Equity | 10/15 | €49,045 | €390,154 | +€341,109 | +696% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | -€12,455 | €322,504 | +€334,959 | |
| Amounts payable | 17/49 | €6,637,935 | €1,175,451 | -€5.5m | -82.3% |
| Amounts payable after more than one year | 17 | €6,352,000 | €520,000 | -€5.8m | -91.8% |
| Financial debts | 170/4 | €6,352,000 | €520,000 | -€5.8m | -91.8% |
| Credit institutions | 173 | €4,177,000 | €0 | -€4.2m | -100% |
| Other loans | 174 | €2,175,000 | €520,000 | -€1.7m | -76.1% |
| Amounts payable within one year | 42/48 | €10,334 | €246,393 | +€236,059 | +2,284% |
| Trade debts | 44 | €10,334 | €126,644 | +€116,311 | +1,126% |
| Suppliers | 440/4 | €10,334 | €126,644 | +€116,311 | +1,126% |
| Taxes, remuneration and social security | 45 | - | €119,748 | +€119,748 | |
| Taxes | 450/3 | - | €119,748 | +€119,748 | |
| Accrued charges and deferred income | 492/3 | €275,601 | €409,058 | +€133,457 | +48.4% |
| Operating income | 70/76A | €272,954 | €640,519 | +€367,565 | +135% |
| Turnover | 70 | - | €5,607,416 | +€5.6m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €272,954 | -€4,966,897 | -€5.2m | |
| Operating charges | 60/66A | €277,463 | €177,837 | -€99,626 | -35.9% |
| Goods for resale, raw materials and consumables | 60 | €272,954 | €115,298 | -€157,656 | -57.8% |
| Purchases | 600/8 | €272,954 | €115,298 | -€157,656 | -57.8% |
| Services and other goods | 61 | €3,297 | €60,684 | +€57,387 | +1,740% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,212 | €1,855 | +€643 | +53.1% |
| Operating profit (loss) | 9901 | -€4,509 | €462,681 | +€467,191 | |
| Financial income | 75/76B | - | €1,702 | +€1,702 | |
| Recurring financial income | 75 | - | €1,702 | +€1,702 | |
| Income from current assets | 751 | - | €1,702 | +€1,702 | |
| Financial charges | 65/66B | €609 | €3,525 | +€2,916 | +479% |
| Recurring financial charges | 65 | €609 | €3,525 | +€2,916 | +479% |
| Debt charges | 650 | €0 | €2,750 | +€2,750 | |
| Other financial charges | 652/9 | €609 | €775 | +€166 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,118 | €460,858 | +€465,976 | |
| Income taxes | 67/77 | - | €119,748 | +€119,748 | |
| Taxes | 670/3 | - | €119,748 | +€119,748 | |
| Profit (loss) for the period | 9904 | -€5,118 | €341,109 | +€346,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,118 | €341,109 | +€346,227 |
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 13 October 2026 via checked.be.