SIPO CREATIONS: 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.
SIPO CREATIONS
Largest movements
- Cash -€3,337
down €3,337 (-65.2%), from €5,121 to €1,784
mainly Other debts (-€3,836) and Receivables within one year (-€2,685)
- Tangible fixed assets -€2,980
down €2,980 (-26.6%), from €11,191 to €8,212
of which Furniture and vehicles: -€2,960
- Receivables within one year +€2,685
up €2,685 (+25.6%), from €10,493 to €13,178
of which Trade receivables: +€3,780
- Stocks and contracts +€1,169
up €1,169 (+34.9%), from €3,350 to €4,519
- Other debts -€3,836
down €3,836 (-27.8%), from €13,784 to €9,948
- Tax, wage and social debts +€1,339
up €1,339 (+44.3%), from €3,025 to €4,364
- Trade debts -€727
down €727 (-22.8%), from €3,189 to €2,462
- Reserves +€634
up €634 (+10.5%), from €6,019 to €6,652
- Gross operating margin -€6,504
down €6,504 (-51.5%), from €12,626 to €6,122
- Taxes -€1,926
down €1,926 (-63.7%), from €3,025 to €1,099
- Depreciation +€923
up €923 (+44.9%), from €2,056 to €2,980
- Financial charges +€557
up €557 (+143%), from €390 to €947
- Other operating charges -€523
down €523 (-46.1%), from €1,136 to €612
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 | €31,017 | €28,427 | -€2,590 | -8.4% |
| Fixed assets | 21/28 | €11,191 | €8,212 | -€2,980 | -26.6% |
| Tangible fixed assets | 22/27 | €11,191 | €8,212 | -€2,980 | -26.6% |
| Plant, machinery and equipment | 23 | €82 | €62 | -€20 | -24.5% |
| Furniture and vehicles | 24 | €11,109 | €8,150 | -€2,960 | -26.6% |
| Current assets | 29/58 | €19,826 | €20,215 | +€390 | +2.0% |
| Stocks and contracts in progress | 3 | €3,350 | €4,519 | +€1,169 | +34.9% |
| Stocks | 30/36 | €3,350 | €4,519 | +€1,169 | +34.9% |
| Amounts receivable within one year | 40/41 | €10,493 | €13,178 | +€2,685 | +25.6% |
| Trade receivables | 40 | €9,031 | €12,811 | +€3,780 | +41.9% |
| Other amounts receivable | 41 | €1,462 | €366 | -€1,095 | -74.9% |
| Cash at bank and in hand | 54/58 | €5,121 | €1,784 | -€3,337 | -65.2% |
| Deferred charges and accrued income | 490/1 | €862 | €734 | -€128 | -14.8% |
| Total equity and liabilities | 10/49 | €31,017 | €28,427 | -€2,590 | -8.4% |
| Equity | 10/15 | €11,019 | €11,652 | +€634 | +5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,019 | €6,652 | +€634 | +10.5% |
| Distributable reserves | 133 | €6,019 | €6,652 | +€634 | +10.5% |
| Amounts payable | 17/49 | €19,998 | €16,774 | -€3,224 | -16.1% |
| Amounts payable within one year | 42/48 | €19,998 | €16,774 | -€3,224 | -16.1% |
| Trade debts | 44 | €3,189 | €2,462 | -€727 | -22.8% |
| Suppliers | 440/4 | €3,189 | €2,462 | -€727 | -22.8% |
| Taxes, remuneration and social security | 45 | €3,025 | €4,364 | +€1,339 | +44.3% |
| Taxes | 450/3 | €3,025 | €4,364 | +€1,339 | +44.3% |
| Other amounts payable | 47/48 | €13,784 | €9,948 | -€3,836 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,056 | €2,980 | +€923 | +44.9% |
| Other operating charges | 640/8 | €1,136 | €612 | -€523 | -46.1% |
| Gross operating margin | 9900 | €12,626 | €6,122 | -€6,504 | -51.5% |
| Operating profit (loss) | 9901 | €9,434 | €2,530 | -€6,904 | -73.2% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €390 | €947 | +€557 | +143% |
| Recurring financial charges | 65 | €390 | €947 | +€557 | +143% |
| Profit (loss) for the period before taxes | 9903 | €9,044 | €1,733 | -€7,310 | -80.8% |
| Income taxes | 67/77 | €3,025 | €1,099 | -€1,926 | -63.7% |
| Profit (loss) for the period | 9904 | €6,019 | €634 | -€5,385 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,019 | €634 | -€5,385 | -89.5% |
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 29 October 2026 via checked.be.