SIPREZO: what changed
SIPREZO
Largest movements
- Cash +€42,065
up €42,065 (+114%), from €37,045 to €79,110
mainly Net result for the year (+€52,894) and Depreciation (+€8,140)
- Receivables within one year +€16,052
up €16,052 (+119%), from €13,489 to €29,541
of which Trade receivables: +€13,654
- Tangible fixed assets -€3,396
down €3,396 (-13.0%), from €26,112 to €22,716
of which Furniture and vehicles: -€2,859
- Financial fixed assets +€1,350
new in 2025: €1,350
- Reserves +€37,218
up €37,218 (+50.1%), from €74,268 to €111,487
- Profit (loss) carried forward +€15,676
no longer reported in 2025 (was -€15,676)
- Tax, wage and social debts +€3,445
up €3,445 (+84.3%), from €4,087 to €7,532
of which Taxes: +€4,958
- Gross operating margin +€71,426
up €71,426 (+670%), from €10,660 to €82,085
- Taxes +€19,596
up €19,596 (+4,297%), from €456 to €20,052
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,933 | €133,993 | +€56,060 | +71.9% |
| Fixed assets | 21/28 | €26,112 | €24,066 | -€2,046 | -7.8% |
| Tangible fixed assets | 22/27 | €26,112 | €22,716 | -€3,396 | -13.0% |
| Plant, machinery and equipment | 23 | €3,295 | €4,807 | +€1,512 | +45.9% |
| Furniture and vehicles | 24 | €12,587 | €9,728 | -€2,859 | -22.7% |
| Other tangible fixed assets | 26 | €10,230 | €8,182 | -€2,049 | -20.0% |
| Financial fixed assets | 28 | - | €1,350 | +€1,350 | |
| Current assets | 29/58 | €51,821 | €109,926 | +€58,105 | +112% |
| Amounts receivable within one year | 40/41 | €13,489 | €29,541 | +€16,052 | +119% |
| Trade receivables | 40 | €12,957 | €26,611 | +€13,654 | +105% |
| Other amounts receivable | 41 | €533 | €2,930 | +€2,398 | +450% |
| Cash at bank and in hand | 54/58 | €37,045 | €79,110 | +€42,065 | +114% |
| Deferred charges and accrued income | 490/1 | €1,287 | €1,275 | -€12 | -0.9% |
| Total equity and liabilities | 10/49 | €77,933 | €133,993 | +€56,060 | +71.9% |
| Equity | 10/15 | €70,993 | €123,887 | +€52,894 | +74.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,268 | €111,487 | +€37,218 | +50.1% |
| Distributable reserves | 133 | €74,268 | €111,487 | +€37,218 | +50.1% |
| Profit (loss) carried forward | 14 | -€15,676 | - | +€15,676 | |
| Amounts payable | 17/49 | €6,940 | €10,106 | +€3,166 | +45.6% |
| Amounts payable within one year | 42/48 | €6,871 | €9,237 | +€2,365 | +34.4% |
| Trade debts | 44 | €1,539 | €1,487 | -€52 | -3.4% |
| Suppliers | 440/4 | €1,539 | €1,487 | -€52 | -3.4% |
| Taxes, remuneration and social security | 45 | €4,087 | €7,532 | +€3,445 | +84.3% |
| Taxes | 450/3 | €1,797 | €6,754 | +€4,958 | +276% |
| Remuneration and social security | 454/9 | €2,290 | €777 | -€1,513 | -66.1% |
| Other amounts payable | 47/48 | €1,246 | €218 | -€1,027 | -82.5% |
| Accrued charges and deferred income | 492/3 | €69 | €869 | +€800 | +1,155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,577 | €8,140 | +€562 | +7.4% |
| Other operating charges | 640/8 | €988 | €953 | -€36 | -3.6% |
| Gross operating margin | 9900 | €10,660 | €82,085 | +€71,426 | +670% |
| Operating profit (loss) | 9901 | €2,094 | €72,993 | +€70,899 | +3,386% |
| Financial charges | 65/66B | €148 | €47 | -€100 | -67.9% |
| Recurring financial charges | 65 | €148 | €47 | -€100 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €1,946 | €72,946 | +€71,000 | +3,648% |
| Income taxes | 67/77 | €456 | €20,052 | +€19,596 | +4,297% |
| Profit (loss) for the period | 9904 | €1,490 | €52,894 | +€51,404 | +3,449% |
| Profit (loss) for the period to be appropriated | 9905 | €1,490 | €52,894 | +€51,404 | +3,449% |
Next steps
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 2 November 2026 via checked.be.