SIONDRO: 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.
SIONDRO
Largest movements
- Receivables within one year +€18,990
up €18,990 (+125.1%), from €15,180 to €34,169
of which Trade receivables: +€18,990
- Cash -€9,125
down €9,125 (-27.6%), from €33,051 to €23,926
mainly Investment in fixed assets (net) (-€19,747) and Debts after one year (-€19,000)
- Profit (loss) carried forward +€37,703
up €37,703 (+47.0%), from -€80,204 to -€42,501
- Debts after one year -€19,000
down €19,000 (-13.9%), from €136,628 to €117,628
of which Other amounts payable: -€19,000
- Current portion of long-term debt -€10,736
no longer reported in 2025 (was €10,736)
- Other debts +€9,008
up €9,008 (+8.7%), from €102,953 to €111,961
- Trade debts -€6,048
down €6,048 (-35.0%), from €17,295 to €11,247
- Gross operating margin +€41,604
up €41,604 (+199.9%), from €20,814 to €62,418
- Depreciation +€2,680
up €2,680 (+17.7%), from €15,099 to €17,779
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 | €521,119 | €532,989 | +€11,870 | +2.3% |
| Fixed assets | 21/28 | €472,237 | €474,205 | +€1,968 | +0.4% |
| Tangible fixed assets | 22/27 | €359,293 | €361,385 | +€2,093 | +0.6% |
| Land and buildings | 22 | €351,259 | €342,208 | -€9,051 | -2.6% |
| Plant, machinery and equipment | 23 | €3,392 | €560 | -€2,832 | -83.5% |
| Furniture and vehicles | 24 | €4,641 | €18,617 | +€13,976 | +301.1% |
| Financial fixed assets | 28 | €112,945 | €112,820 | -€125 | -0.1% |
| Current assets | 29/58 | €48,882 | €58,784 | +€9,902 | +20.3% |
| Amounts receivable within one year | 40/41 | €15,180 | €34,169 | +€18,990 | +125.1% |
| Trade receivables | 40 | €6,733 | €25,723 | +€18,990 | +282.0% |
| Other amounts receivable | 41 | €8,446 | €8,446 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,051 | €23,926 | -€9,125 | -27.6% |
| Deferred charges and accrued income | 490/1 | €651 | €688 | +€37 | +5.6% |
| Total equity and liabilities | 10/49 | €521,119 | €532,989 | +€11,870 | +2.3% |
| Equity | 10/15 | €247,618 | €285,322 | +€37,703 | +15.2% |
| Contributions | 10/11 | €62,875 | €62,875 | = | 0.0% |
| Reserves | 13 | €264,947 | €264,947 | = | 0.0% |
| Distributable reserves | 133 | €264,947 | €264,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,204 | -€42,501 | +€37,703 | +47.0% |
| Amounts payable | 17/49 | €273,501 | €247,667 | -€25,834 | -9.4% |
| Amounts payable after more than one year | 17 | €136,628 | €117,628 | -€19,000 | -13.9% |
| Financial debts | 170/4 | €101,628 | €101,628 | = | 0.0% |
| Other amounts payable | 178/9 | €35,000 | €16,000 | -€19,000 | -54.3% |
| Amounts payable within one year | 42/48 | €136,633 | €130,039 | -€6,594 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €10,736 | - | -€10,736 | |
| Trade debts | 44 | €17,295 | €11,247 | -€6,048 | -35.0% |
| Suppliers | 440/4 | €17,295 | €11,247 | -€6,048 | -35.0% |
| Taxes, remuneration and social security | 45 | €5,649 | €6,831 | +€1,182 | +20.9% |
| Taxes | 450/3 | €5,649 | €6,831 | +€1,182 | +20.9% |
| Other amounts payable | 47/48 | €102,953 | €111,961 | +€9,008 | +8.7% |
| Accrued charges and deferred income | 492/3 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,099 | €17,779 | +€2,680 | +17.7% |
| Other operating charges | 640/8 | €5,254 | €5,235 | -€19 | -0.4% |
| Gross operating margin | 9900 | €20,814 | €62,418 | +€41,604 | +199.9% |
| Operating profit (loss) | 9901 | €461 | €39,405 | +€38,943 | +8445.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,853 | €1,705 | -€148 | -8.0% |
| Recurring financial charges | 65 | €1,853 | €1,705 | -€148 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,392 | €37,703 | +€39,096 | |
| Profit (loss) for the period | 9904 | -€1,392 | €37,703 | +€39,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,392 | €37,703 | +€39,096 |
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 8 October 2026 via checked.be.