SIOPCO: 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.
SIOPCO
Largest movements
- Current investments +€54,000
up €54,000 (+45.0%), from €120,000 to €174,000
- Receivables within one year -€13,445
down €13,445 (-96.8%), from €13,895 to €450
of which Trade receivables: -€13,895
- Cash -€8,119
down €8,119 (-19.3%), from €42,047 to €33,928
mainly Current investments (-€54,000) and Tax, wage and social debts (-€3,288)
- Reserves +€33,955
up €33,955 (+22.3%), from €152,326 to €186,281
- Tax, wage and social debts -€3,288
down €3,288 (-15.7%), from €20,876 to €17,588
- Gross operating margin -€26,395
down €26,395 (-34.2%), from €77,128 to €50,733
- Taxes -€877
down €877 (-5.7%), from €15,365 to €14,488
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 | €178,560 | €210,431 | +€31,871 | +17.8% |
| Fixed assets | 21/28 | €424 | - | -€424 | |
| Tangible fixed assets | 22/27 | €424 | - | -€424 | |
| Furniture and vehicles | 24 | €424 | - | -€424 | |
| Current assets | 29/58 | €178,136 | €210,431 | +€32,295 | +18.1% |
| Amounts receivable within one year | 40/41 | €13,895 | €450 | -€13,445 | -96.8% |
| Trade receivables | 40 | €13,895 | - | -€13,895 | |
| Other amounts receivable | 41 | - | €450 | +€450 | |
| Current investments | 50/53 | €120,000 | €174,000 | +€54,000 | +45.0% |
| Cash at bank and in hand | 54/58 | €42,047 | €33,928 | -€8,119 | -19.3% |
| Deferred charges and accrued income | 490/1 | €2,194 | €2,053 | -€141 | -6.4% |
| Total equity and liabilities | 10/49 | €178,560 | €210,431 | +€31,871 | +17.8% |
| Equity | 10/15 | €153,326 | €187,281 | +€33,955 | +22.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €152,326 | €186,281 | +€33,955 | +22.3% |
| Distributable reserves | 133 | €152,326 | €186,281 | +€33,955 | +22.3% |
| Amounts payable | 17/49 | €25,234 | €23,150 | -€2,084 | -8.3% |
| Amounts payable within one year | 42/48 | €24,667 | €22,921 | -€1,746 | -7.1% |
| Trade debts | 44 | €1,151 | €1,101 | -€50 | -4.3% |
| Suppliers | 440/4 | €1,151 | €1,101 | -€50 | -4.3% |
| Taxes, remuneration and social security | 45 | €20,876 | €17,588 | -€3,288 | -15.7% |
| Taxes | 450/3 | €20,876 | €17,588 | -€3,288 | -15.7% |
| Other amounts payable | 47/48 | €2,640 | €4,232 | +€1,592 | +60.3% |
| Accrued charges and deferred income | 492/3 | €567 | €229 | -€338 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €424 | -€508 | -54.5% |
| Other operating charges | 640/8 | €728 | €858 | +€130 | +17.8% |
| Non-recurring operating charges | 66A | €126 | €286 | +€160 | +126.6% |
| Gross operating margin | 9900 | €77,128 | €50,733 | -€26,395 | -34.2% |
| Operating profit (loss) | 9901 | €75,342 | €49,166 | -€26,176 | -34.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €946 | €724 | -€222 | -23.5% |
| Recurring financial charges | 65 | €946 | €724 | -€222 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €74,396 | €48,443 | -€25,954 | -34.9% |
| Income taxes | 67/77 | €15,365 | €14,488 | -€877 | -5.7% |
| Profit (loss) for the period | 9904 | €59,031 | €33,955 | -€25,077 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,031 | €33,955 | -€25,077 | -42.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.