SIPLUM: 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.
SIPLUM
Largest movements
- Receivables within one year -€233,263
down €233,263 (-52.7%), from €442,303 to €209,039
of which Trade receivables: -€132,873
- Tangible fixed assets +€192,546
up €192,546 (+18.2%), from €1.1m to €1.2m
of which Assets under construction and advance payments: +€200,000
- Cash +€180,684
up €180,684 (+134%), from €134,656 to €315,340
mainly Net result for the year (+€472,992) and Receivables within one year (+€233,263)
- Current investments -€153,516
down €153,516 (-36.1%), from €425,410 to €271,894
- Debts after one year -€311,250
down €311,250 (-100%), from €311,250 to €0
- Reserves +€250,000
up €250,000 (+25.9%), from €963,870 to €1.2m
of which Distributable reserves: +€250,000
- Profit (loss) carried forward +€222,992
up €222,992 (+45.8%), from €486,583 to €709,574
- Tax, wage and social debts -€118,877
down €118,877 (-83.2%), from €142,939 to €24,062
of which Taxes: -€118,877
- Current portion of long-term debt -€45,000
down €45,000 (-100%), from €45,000 to €0
- Depreciation +€17,703
up €17,703 (+17.3%), from €102,067 to €119,770
- Taxes -€11,943
down €11,943 (-6.1%), from €194,685 to €182,742
- Gross operating margin +€8,276
up €8,276 (+1.1%), from €776,327 to €784,603
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 | €2,071,948 | €2,049,788 | -€22,160 | -1.1% |
| Fixed assets | 21/28 | €1,055,730 | €1,248,276 | +€192,546 | +18.2% |
| Tangible fixed assets | 22/27 | €1,055,730 | €1,248,276 | +€192,546 | +18.2% |
| Land and buildings | 22 | €548,052 | €500,946 | -€47,106 | -8.6% |
| Plant, machinery and equipment | 23 | €28,728 | €44,842 | +€16,114 | +56.1% |
| Furniture and vehicles | 24 | €58,619 | €111,045 | +€52,426 | +89.4% |
| Other tangible fixed assets | 26 | €420,332 | €391,443 | -€28,889 | -6.9% |
| Assets under construction and advance payments | 27 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €1,016,218 | €801,512 | -€214,706 | -21.1% |
| Amounts receivable within one year | 40/41 | €442,303 | €209,039 | -€233,263 | -52.7% |
| Trade receivables | 40 | €140,496 | €7,623 | -€132,873 | -94.6% |
| Other amounts receivable | 41 | €301,807 | €201,416 | -€100,391 | -33.3% |
| Current investments | 50/53 | €425,410 | €271,894 | -€153,516 | -36.1% |
| Cash at bank and in hand | 54/58 | €134,656 | €315,340 | +€180,684 | +134% |
| Deferred charges and accrued income | 490/1 | €13,849 | €5,239 | -€8,610 | -62.2% |
| Total equity and liabilities | 10/49 | €2,071,948 | €2,049,788 | -€22,160 | -1.1% |
| Equity | 10/15 | €1,500,452 | €1,973,444 | +€472,992 | +31.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €963,870 | €1,213,870 | +€250,000 | +25.9% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €958,870 | €1,208,870 | +€250,000 | +26.1% |
| Profit (loss) carried forward | 14 | €486,583 | €709,574 | +€222,992 | +45.8% |
| Amounts payable | 17/49 | €571,496 | €76,345 | -€495,151 | -86.6% |
| Amounts payable after more than one year | 17 | €311,250 | €0 | -€311,250 | -100% |
| Financial debts | 170/4 | €311,250 | €0 | -€311,250 | -100% |
| Amounts payable within one year | 42/48 | €252,865 | €69,185 | -€183,680 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €0 | -€45,000 | -100% |
| Trade debts | 44 | €64,925 | €24,314 | -€40,612 | -62.6% |
| Suppliers | 440/4 | €64,925 | €24,314 | -€40,612 | -62.6% |
| Taxes, remuneration and social security | 45 | €142,939 | €24,062 | -€118,877 | -83.2% |
| Taxes | 450/3 | €142,939 | €24,062 | -€118,877 | -83.2% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €20,809 | +€20,809 | |
| Accrued charges and deferred income | 492/3 | €7,382 | €7,160 | -€222 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,067 | €119,770 | +€17,703 | +17.3% |
| Other operating charges | 640/8 | €8,167 | €7,782 | -€385 | -4.7% |
| Gross operating margin | 9900 | €776,327 | €784,603 | +€8,276 | +1.1% |
| Operating profit (loss) | 9901 | €666,093 | €657,051 | -€9,042 | -1.4% |
| Financial income | 75/76B | €1,424 | €8,793 | +€7,369 | +517% |
| Recurring financial income | 75 | €1,424 | €8,793 | +€7,369 | +517% |
| Financial charges | 65/66B | €14,255 | €10,111 | -€4,144 | -29.1% |
| Recurring financial charges | 65 | €14,255 | €10,111 | -€4,144 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €653,262 | €655,734 | +€2,471 | +0.4% |
| Income taxes | 67/77 | €194,685 | €182,742 | -€11,943 | -6.1% |
| Profit (loss) for the period | 9904 | €458,578 | €472,992 | +€14,414 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €458,578 | €472,992 | +€14,414 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.