SIPRES: what changed
What changed
SIPRES
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
€145,855
2024 · €142,768+€3,088
Equity
€1.6m
2024 · €1.4m+€145,855
Cash
€1.8m
2024 · €1.6m+€262,764
Balance sheet total
€3.2m
2024 · €2.8m+€349,405
Largest movements
Assets
- Cash +€262,764
up €262,764 (+16.6%), from €1.6m to €1.8m
mainly Debts within one year (+€235,430) and Depreciation (+€178,732)
- Receivables within one year +€48,243
up €48,243 (+7.1%), from €683,935 to €732,178
of which Other amounts receivable: +€36,113
- Financial fixed assets +€38,190
up €38,190 (+308%), from €12,391 to €50,581
Equity and liabilities
- Debts within one year +€235,430
up €235,430 (+18.1%), from €1.3m to €1.5m
of which Tax, wage and social debts: +€177,958
- Profit (loss) carried forward +€145,855
up €145,855 (+14.4%), from €1.0m to €1.2m
Income statement
- Gross operating margin +€682,226
up €682,226 (+19.2%), from €3.6m to €4.2m
- Staff costs +€531,675
up €531,675 (+17.1%), from €3.1m to €3.6m
- Turnover +€152,033
up €152,033 (+6.4%), from €2.4m to €2.5m
- Other operating charges +€140,791
up €140,791 (+118%), from €119,379 to €260,170
- Purchases and services -€134,142
down €134,142 (-15.3%), from €875,400 to €741,258
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€142,768
Gross operating margin
+€682,226
Staff costs
-€531,675
Depreciation
-€48,824
Write-downs
+€46,753
Other operating charges
-€140,791
Financial income
-€8,930
Financial charges
+€4,648
Taxes
-€320
Result 2025
€145,855
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€519,245
Investment
-€230,247
Financing
-€26,235
Cash 2024
€1.6m
From operations (derived)
+€519,245
Net result for the year
+€145,855
Depreciation
+€178,732
Stocks and contracts
-€2,809
Receivables within one year
-€48,243
Deferred charges and accrued income
+€15,926
Debts within one year
+€235,430
Accrued charges and deferred income
-€5,646
Investment (derived)
-€230,247
Investment in fixed assets (net)
-€230,247
Financing
-€26,235
Debts after one year
-€26,235
Contributions, distributions and other
+€0
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,810,298 | €3,159,703 | +€349,405 | +12.4% |
| Fixed assets | 21/28 | €463,060 | €514,575 | +€51,515 | +11.1% |
| Tangible fixed assets | 22/27 | €450,669 | €463,994 | +€13,325 | +3.0% |
| Land and buildings | 22 | €61,260 | €55,701 | -€5,559 | -9.1% |
| Plant, machinery and equipment | 23 | €263,966 | €221,717 | -€42,249 | -16.0% |
| Furniture and vehicles | 24 | €124,030 | €186,576 | +€62,547 | +50.4% |
| Other tangible fixed assets | 26 | €1,414 | €0 | -€1,414 | -100% |
| Financial fixed assets | 28 | €12,391 | €50,581 | +€38,190 | +308% |
| Current assets | 29/58 | €2,347,238 | €2,645,128 | +€297,891 | +12.7% |
| Stocks and contracts in progress | 3 | €35,120 | €37,929 | +€2,809 | +8.0% |
| Stocks | 30/36 | €35,120 | €37,929 | +€2,809 | +8.0% |
| Amounts receivable within one year | 40/41 | €683,935 | €732,178 | +€48,243 | +7.1% |
| Trade receivables | 40 | €537,249 | €549,379 | +€12,131 | +2.3% |
| Other amounts receivable | 41 | €146,686 | €182,799 | +€36,113 | +24.6% |
| Cash at bank and in hand | 54/58 | €1,579,702 | €1,842,466 | +€262,764 | +16.6% |
| Deferred charges and accrued income | 490/1 | €48,480 | €32,554 | -€15,926 | -32.9% |
| Total equity and liabilities | 10/49 | €2,810,298 | €3,159,703 | +€349,405 | +12.4% |
| Equity | 10/15 | €1,416,208 | €1,562,064 | +€145,855 | +10.3% |
| Contributions | 10/11 | €400,311 | €400,311 | = | 0.0% |
| Capital | 10 | €400,311 | €400,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,015,897 | €1,161,753 | +€145,855 | +14.4% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,394,090 | €1,597,639 | +€203,550 | +14.6% |
| Amounts payable after more than one year | 17 | €77,229 | €50,994 | -€26,235 | -34.0% |
| Financial debts | 170/4 | €77,229 | €50,994 | -€26,235 | -34.0% |
| Amounts payable within one year | 42/48 | €1,297,737 | €1,533,168 | +€235,430 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €31,395 | €28,331 | -€3,065 | -9.8% |
| Trade debts | 44 | €185,939 | €116,268 | -€69,672 | -37.5% |
| Suppliers | 440/4 | €185,939 | €116,268 | -€69,672 | -37.5% |
| Taxes, remuneration and social security | 45 | €563,960 | €741,918 | +€177,958 | +31.6% |
| Taxes | 450/3 | €106,514 | €251,462 | +€144,948 | +136% |
| Remuneration and social security | 454/9 | €457,446 | €490,456 | +€33,010 | +7.2% |
| Accrued charges and deferred income | 492/3 | €19,123 | €13,477 | -€5,646 | -29.5% |
| Turnover | 70 | €2,389,568 | €2,541,600 | +€152,033 | +6.4% |
| Membership fees, donations, legacies and grants | 73 | €2,033,854 | €2,425,912 | +€392,057 | +19.3% |
| Non-recurring operating income | 76A | €2,338 | €6,332 | +€3,994 | +171% |
| Goods, raw materials, services and sundry goods | 60/61 | €875,400 | €741,258 | -€134,142 | -15.3% |
| Remuneration, social security and pensions | 62 | €3,115,802 | €3,647,477 | +€531,675 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,908 | €178,732 | +€48,824 | +37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,753 | €0 | -€46,753 | -100% |
| Other operating charges | 640/8 | €119,379 | €260,170 | +€140,791 | +118% |
| Gross operating margin | 9900 | €3,550,360 | €4,232,586 | +€682,226 | +19.2% |
| Operating profit (loss) | 9901 | €138,518 | €146,207 | +€7,689 | +5.6% |
| Financial income | 75/76B | €11,002 | €2,073 | -€8,930 | -81.2% |
| Recurring financial income | 75 | €11,002 | €2,073 | -€8,930 | -81.2% |
| Financial charges | 65/66B | €6,112 | €1,464 | -€4,648 | -76.0% |
| Recurring financial charges | 65 | €6,112 | €1,464 | -€4,648 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €143,409 | €146,816 | +€3,408 | +2.4% |
| Income taxes | 67/77 | €641 | €961 | +€320 | +49.9% |
| Profit (loss) for the period | 9904 | €142,768 | €145,855 | +€3,088 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,768 | €145,855 | +€3,088 | +2.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.