Sippy: 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.
Sippy
Largest movements
- Intangible fixed assets +€21,647
up €21,647 (+8.3%), from €260,566 to €282,214
- Cash -€16,054
down €16,054 (-14.3%), from €112,462 to €96,408
mainly Investment in fixed assets (net) (-€123,352) and Current portion of long-term debt (-€81,723)
- Deferred charges and accrued income +€13,234
up €13,234 (+281%), from €4,716 to €17,950
- Current portion of long-term debt -€81,723
down €81,723 (-65.4%), from €125,000 to €43,277
- Debts after one year +€78,485
new in 2025: €78,485
- Profit (loss) carried forward +€12,431
up €12,431 (+34.9%), from -€35,618 to -€23,188
- Tax, wage and social debts +€10,124
up €10,124 (+42.7%), from €23,707 to €33,832
of which Taxes: +€6,994
- Gross operating margin +€31,185
up €31,185 (+12.1%), from €257,546 to €288,731
- Depreciation +€23,750
up €23,750 (+30.4%), from €78,190 to €101,940
- Staff costs -€5,509
down €5,509 (-3.4%), from €161,352 to €155,843
- Taxes +€4,511
up €4,511 (+795%), from €567 to €5,078
- Financial charges -€3,780
down €3,780 (-23.2%), from €16,291 to €12,511
of which Financial charges: -€3,780
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 | €406,990 | €427,482 | +€20,493 | +5.0% |
| Fixed assets | 21/28 | €261,725 | €283,136 | +€21,411 | +8.2% |
| Intangible fixed assets | 21 | €260,566 | €282,214 | +€21,647 | +8.3% |
| Tangible fixed assets | 22/27 | €1,158 | €922 | -€236 | -20.4% |
| Land and buildings | 22 | €998 | €879 | -€119 | -11.9% |
| Furniture and vehicles | 24 | €160 | €43 | -€117 | -73.1% |
| Current assets | 29/58 | €145,265 | €144,346 | -€919 | -0.6% |
| Amounts receivable within one year | 40/41 | €28,087 | €29,988 | +€1,901 | +6.8% |
| Trade receivables | 40 | €28,087 | €29,988 | +€1,901 | +6.8% |
| Cash at bank and in hand | 54/58 | €112,462 | €96,408 | -€16,054 | -14.3% |
| Deferred charges and accrued income | 490/1 | €4,716 | €17,950 | +€13,234 | +281% |
| Total equity and liabilities | 10/49 | €406,990 | €427,482 | +€20,493 | +5.0% |
| Equity | 10/15 | €180,930 | €193,360 | +€12,431 | +6.9% |
| Contributions | 10/11 | €214,200 | €214,200 | = | 0.0% |
| Reserves | 13 | €2,348 | €2,348 | = | 0.0% |
| Distributable reserves | 133 | €2,348 | €2,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,618 | -€23,188 | +€12,431 | +34.9% |
| Amounts payable | 17/49 | €226,060 | €234,122 | +€8,062 | +3.6% |
| Amounts payable after more than one year | 17 | - | €78,485 | +€78,485 | |
| Financial debts | 170/4 | - | €78,485 | +€78,485 | |
| Amounts payable within one year | 42/48 | €225,474 | €155,637 | -€69,837 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €43,277 | -€81,723 | -65.4% |
| Trade debts | 44 | €53,288 | €55,008 | +€1,721 | +3.2% |
| Suppliers | 440/4 | €53,288 | €55,008 | +€1,721 | +3.2% |
| Taxes, remuneration and social security | 45 | €23,707 | €33,832 | +€10,124 | +42.7% |
| Taxes | 450/3 | €13,016 | €20,010 | +€6,994 | +53.7% |
| Remuneration and social security | 454/9 | €10,691 | €13,821 | +€3,130 | +29.3% |
| Other amounts payable | 47/48 | €23,479 | €23,520 | +€41 | +0.2% |
| Accrued charges and deferred income | 492/3 | €586 | - | -€586 | |
| Remuneration, social security and pensions | 62 | €161,352 | €155,843 | -€5,509 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,190 | €101,940 | +€23,750 | +30.4% |
| Other operating charges | 640/8 | €1,501 | €928 | -€573 | -38.2% |
| Gross operating margin | 9900 | €257,546 | €288,731 | +€31,185 | +12.1% |
| Operating profit (loss) | 9901 | €16,503 | €30,019 | +€13,517 | +81.9% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €16,291 | €12,511 | -€3,780 | -23.2% |
| Recurring financial charges | 65 | €16,291 | €12,511 | -€3,780 | -23.2% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €233 | €17,508 | +€17,275 | +7,419% |
| Income taxes | 67/77 | €567 | €5,078 | +€4,511 | +795% |
| Profit (loss) for the period | 9904 | -€334 | €12,431 | +€12,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€334 | €12,431 | +€12,765 |
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 13 October 2026 via checked.be.