SIPORA: 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.
SIPORA
Largest movements
- Cash +€146,622
up €146,622 (+268%), from €54,609 to €201,231
mainly Net result for the year (+€102,459) and Receivables within one year (+€22,900)
- Receivables within one year -€22,900
down €22,900 (-72.9%), from €31,400 to €8,500
- Tangible fixed assets -€12,595
down €12,595 (-18.2%), from €69,312 to €56,717
of which Furniture and vehicles: -€12,277
- Reserves +€102,459
up €102,459 (+186%), from €55,141 to €157,600
- Tax, wage and social debts +€22,853
up €22,853 (+63.7%), from €35,869 to €58,722
of which Taxes: +€20,537
- Debts after one year -€13,588
down €13,588 (-32.2%), from €42,156 to €28,568
- Gross operating margin +€76,206
up €76,206 (+105%), from €72,916 to €149,121
- Taxes +€16,727
up €16,727 (+113%), from €14,796 to €31,524
- Depreciation +€11,184
up €11,184 (+524%), from €2,135 to €13,319
- Financial charges +€1,670
up €1,670 (+1,465%), from €114 to €1,784
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 | €157,180 | €268,373 | +€111,193 | +70.7% |
| Fixed assets | 21/28 | €69,312 | €56,717 | -€12,595 | -18.2% |
| Tangible fixed assets | 22/27 | €69,312 | €56,717 | -€12,595 | -18.2% |
| Furniture and vehicles | 24 | €67,745 | €55,468 | -€12,277 | -18.1% |
| Other tangible fixed assets | 26 | €1,568 | €1,249 | -€318 | -20.3% |
| Current assets | 29/58 | €87,868 | €211,656 | +€123,788 | +141% |
| Amounts receivable within one year | 40/41 | €31,400 | €8,500 | -€22,900 | -72.9% |
| Trade receivables | 40 | €31,400 | €8,500 | -€22,900 | -72.9% |
| Cash at bank and in hand | 54/58 | €54,609 | €201,231 | +€146,622 | +268% |
| Deferred charges and accrued income | 490/1 | €1,859 | €1,925 | +€66 | +3.5% |
| Total equity and liabilities | 10/49 | €157,180 | €268,373 | +€111,193 | +70.7% |
| Equity | 10/15 | €58,141 | €160,600 | +€102,459 | +176% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,141 | €157,600 | +€102,459 | +186% |
| Distributable reserves | 133 | €55,141 | €157,600 | +€102,459 | +186% |
| Amounts payable | 17/49 | €99,039 | €107,773 | +€8,734 | +8.8% |
| Amounts payable after more than one year | 17 | €42,156 | €28,568 | -€13,588 | -32.2% |
| Financial debts | 170/4 | €42,156 | €28,568 | -€13,588 | -32.2% |
| Amounts payable within one year | 42/48 | €55,258 | €76,796 | +€21,537 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €13,144 | €13,588 | +€444 | +3.4% |
| Trade debts | 44 | €6,246 | €4,486 | -€1,760 | -28.2% |
| Suppliers | 440/4 | €6,246 | €4,486 | -€1,760 | -28.2% |
| Taxes, remuneration and social security | 45 | €35,869 | €58,722 | +€22,853 | +63.7% |
| Taxes | 450/3 | €29,450 | €49,987 | +€20,537 | +69.7% |
| Remuneration and social security | 454/9 | €6,419 | €8,735 | +€2,317 | +36.1% |
| Accrued charges and deferred income | 492/3 | €1,625 | €2,410 | +€784 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,135 | €13,319 | +€11,184 | +524% |
| Other operating charges | 640/8 | €807 | €183 | -€623 | -77.3% |
| Gross operating margin | 9900 | €72,916 | €149,121 | +€76,206 | +105% |
| Operating profit (loss) | 9901 | €69,973 | €135,618 | +€65,645 | +93.8% |
| Financial income | 75/76B | €77 | €148 | +€71 | +91.6% |
| Recurring financial income | 75 | €77 | €148 | +€71 | +91.6% |
| Financial charges | 65/66B | €114 | €1,784 | +€1,670 | +1,465% |
| Recurring financial charges | 65 | €114 | €1,784 | +€1,670 | +1,465% |
| Profit (loss) for the period before taxes | 9903 | €69,937 | €133,983 | +€64,046 | +91.6% |
| Income taxes | 67/77 | €14,796 | €31,524 | +€16,727 | +113% |
| Profit (loss) for the period | 9904 | €55,141 | €102,459 | +€47,319 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,141 | €102,459 | +€47,319 | +85.8% |
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 30 October 2026 via checked.be.