Sipl'AIR: 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.
Sipl'AIR
Largest movements
- Tangible fixed assets +€11,110
up €11,110 (+651%), from €1,708 to €12,817
of which Plant, machinery and equipment: +€11,305
- Cash +€10,586
up €10,586 (+19.5%), from €54,419 to €65,004
mainly Net result for the year (+€12,681) and Depreciation (+€6,384)
- Deferred charges and accrued income -€4,571
down €4,571 (-98.6%), from €4,637 to €66
- Intangible fixed assets -€4,381
down €4,381 (-60.0%), from €7,306 to €2,925
- Receivables within one year +€4,380
up €4,380 (+25.1%), from €17,458 to €21,837
of which Trade receivables: +€4,965
- Reserves +€12,681
up €12,681 (+18.3%), from €69,292 to €81,974
- Tax, wage and social debts -€2,670
down €2,670 (-20.7%), from €12,877 to €10,207
of which Remuneration and social security: -€1,923
- Accrued charges and deferred income +€2,227
up €2,227, from €0 to €2,227
- Other debts +€1,800
up €1,800 (+100%), from €1,796 to €3,596
- Gross operating margin -€10,900
down €10,900 (-13.0%), from €83,913 to €73,013
- Staff costs -€4,452
down €4,452 (-8.6%), from €51,989 to €47,537
- Depreciation +€1,497
up €1,497 (+30.6%), from €4,886 to €6,384
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 | €93,826 | €108,448 | +€14,622 | +15.6% |
| Fixed assets | 21/28 | €9,014 | €15,742 | +€6,729 | +74.6% |
| Intangible fixed assets | 21 | €7,306 | €2,925 | -€4,381 | -60.0% |
| Tangible fixed assets | 22/27 | €1,708 | €12,817 | +€11,110 | +651% |
| Plant, machinery and equipment | 23 | €1,498 | €12,803 | +€11,305 | +755% |
| Furniture and vehicles | 24 | €210 | €14 | -€196 | -93.3% |
| Current assets | 29/58 | €84,812 | €92,706 | +€7,894 | +9.3% |
| Stocks and contracts in progress | 3 | €8,299 | €5,798 | -€2,501 | -30.1% |
| Stocks | 30/36 | €8,299 | €5,798 | -€2,501 | -30.1% |
| Amounts receivable within one year | 40/41 | €17,458 | €21,837 | +€4,380 | +25.1% |
| Trade receivables | 40 | €11,940 | €16,905 | +€4,965 | +41.6% |
| Other amounts receivable | 41 | €5,518 | €4,933 | -€585 | -10.6% |
| Cash at bank and in hand | 54/58 | €54,419 | €65,004 | +€10,586 | +19.5% |
| Deferred charges and accrued income | 490/1 | €4,637 | €66 | -€4,571 | -98.6% |
| Total equity and liabilities | 10/49 | €93,826 | €108,448 | +€14,622 | +15.6% |
| Equity | 10/15 | €74,292 | €86,974 | +€12,681 | +17.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,292 | €81,974 | +€12,681 | +18.3% |
| Distributable reserves | 133 | €69,292 | €81,974 | +€12,681 | +18.3% |
| Amounts payable | 17/49 | €19,533 | €21,475 | +€1,941 | +9.9% |
| Amounts payable within one year | 42/48 | €19,533 | €19,247 | -€286 | -1.5% |
| Trade debts | 44 | €4,861 | €5,445 | +€584 | +12.0% |
| Suppliers | 440/4 | €4,861 | €5,445 | +€584 | +12.0% |
| Taxes, remuneration and social security | 45 | €12,877 | €10,207 | -€2,670 | -20.7% |
| Taxes | 450/3 | €5,752 | €5,004 | -€747 | -13.0% |
| Remuneration and social security | 454/9 | €7,125 | €5,202 | -€1,923 | -27.0% |
| Other amounts payable | 47/48 | €1,796 | €3,596 | +€1,800 | +100% |
| Accrued charges and deferred income | 492/3 | €0 | €2,227 | +€2,227 | |
| Remuneration, social security and pensions | 62 | €51,989 | €47,537 | -€4,452 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,886 | €6,384 | +€1,497 | +30.6% |
| Other operating charges | 640/8 | €387 | €682 | +€294 | +76.0% |
| Gross operating margin | 9900 | €83,913 | €73,013 | -€10,900 | -13.0% |
| Operating profit (loss) | 9901 | €26,650 | €18,410 | -€8,240 | -30.9% |
| Financial income | 75/76B | €469 | €353 | -€116 | -24.8% |
| Recurring financial income | 75 | €469 | €353 | -€116 | -24.8% |
| Financial charges | 65/66B | €211 | €190 | -€20 | -9.5% |
| Recurring financial charges | 65 | €211 | €190 | -€20 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €26,909 | €18,572 | -€8,337 | -31.0% |
| Income taxes | 67/77 | €6,589 | €5,891 | -€698 | -10.6% |
| Profit (loss) for the period | 9904 | €20,320 | €12,681 | -€7,638 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,320 | €12,681 | -€7,638 | -37.6% |
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 19 October 2026 via checked.be.