SISA: 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.
SISA
Largest movements
- Receivables after one year +€7,379
up €7,379 (+1,548%), from €477 to €7,856
- Receivables within one year +€5,594
up €5,594 (+31.2%), from €17,928 to €23,522
of which Trade receivables: +€6,378
- Tangible fixed assets -€2,968
down €2,968 (-7.3%), from €40,588 to €37,620
of which Leasing and similar rights: -€2,793
- Financial fixed assets +€2,500
up €2,500 (+22.3%), from €11,219 to €13,719
- Deferred charges and accrued income -€1,435
down €1,435 (-81.2%), from €1,766 to €332
- Other debts +€30,821
up €30,821 (+152%), from €20,307 to €51,128
- Profit (loss) carried forward -€14,357
down €14,357 (-33.9%), from -€42,290 to -€56,647
- Debts after one year -€3,142
down €3,142 (-30.1%), from €10,457 to €7,314
- Tax, wage and social debts -€3,006
down €3,006 (-81.4%), from €3,692 to €686
of which Taxes: -€2,051
- Staff costs +€23,200
up €23,200 (+46.9%), from €49,506 to €72,706
- Gross operating margin +€11,751
up €11,751 (+18.2%), from €64,474 to €76,225
- Depreciation +€6,583
up €6,583 (+168%), from €3,916 to €10,499
- Other operating charges -€2,437
down €2,437 (-77.0%), from €3,164 to €726
- Financial charges +€1,254
up €1,254 (+23.9%), from €5,256 to €6,510
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 | €81,965 | €93,072 | +€11,107 | +13.6% |
| Fixed assets | 21/28 | €51,807 | €51,339 | -€468 | -0.9% |
| Tangible fixed assets | 22/27 | €40,588 | €37,620 | -€2,968 | -7.3% |
| Plant, machinery and equipment | 23 | €1,806 | €1,837 | +€31 | +1.7% |
| Leasing and similar rights | 25 | €13,397 | €10,604 | -€2,793 | -20.8% |
| Other tangible fixed assets | 26 | €25,385 | €25,179 | -€206 | -0.8% |
| Financial fixed assets | 28 | €11,219 | €13,719 | +€2,500 | +22.3% |
| Current assets | 29/58 | €30,158 | €41,733 | +€11,575 | +38.4% |
| Amounts receivable after more than one year | 29 | €477 | €7,856 | +€7,379 | +1,548% |
| Trade receivables | 290 | €477 | €7,856 | +€7,379 | +1,548% |
| Stocks and contracts in progress | 3 | €3,670 | €4,820 | +€1,150 | +31.3% |
| Stocks | 30/36 | €3,670 | €4,820 | +€1,150 | +31.3% |
| Amounts receivable within one year | 40/41 | €17,928 | €23,522 | +€5,594 | +31.2% |
| Trade receivables | 40 | €15,063 | €21,441 | +€6,378 | +42.3% |
| Other amounts receivable | 41 | €2,865 | €2,082 | -€784 | -27.4% |
| Cash at bank and in hand | 54/58 | €6,317 | €5,203 | -€1,113 | -17.6% |
| Deferred charges and accrued income | 490/1 | €1,766 | €332 | -€1,435 | -81.2% |
| Total equity and liabilities | 10/49 | €81,965 | €93,072 | +€11,107 | +13.6% |
| Equity | 10/15 | €23,013 | €8,656 | -€14,357 | -62.4% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €3,280 | €3,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,280 | €3,280 | = | 0.0% |
| Legal reserve | 130 | €3,280 | €3,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,290 | -€56,647 | -€14,357 | -33.9% |
| Amounts payable | 17/49 | €58,952 | €84,416 | +€25,464 | +43.2% |
| Amounts payable after more than one year | 17 | €10,457 | €7,314 | -€3,142 | -30.1% |
| Financial debts | 170/4 | €10,457 | €7,314 | -€3,142 | -30.1% |
| Amounts payable within one year | 42/48 | €48,496 | €77,102 | +€28,606 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €2,785 | €3,142 | +€358 | +12.8% |
| Trade debts | 44 | €21,712 | €22,146 | +€434 | +2.0% |
| Suppliers | 440/4 | €21,712 | €22,146 | +€434 | +2.0% |
| Taxes, remuneration and social security | 45 | €3,692 | €686 | -€3,006 | -81.4% |
| Taxes | 450/3 | €2,113 | €61 | -€2,051 | -97.1% |
| Remuneration and social security | 454/9 | €1,579 | €624 | -€955 | -60.5% |
| Other amounts payable | 47/48 | €20,307 | €51,128 | +€30,821 | +152% |
| Non-recurring operating income | 76A | €10,630 | - | -€10,630 | |
| Remuneration, social security and pensions | 62 | €49,506 | €72,706 | +€23,200 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €10,499 | +€6,583 | +168% |
| Other operating charges | 640/8 | €3,164 | €726 | -€2,437 | -77.0% |
| Non-recurring operating charges | 66A | - | €141 | +€141 | |
| Gross operating margin | 9900 | €64,474 | €76,225 | +€11,751 | +18.2% |
| Operating profit (loss) | 9901 | €7,888 | -€7,847 | -€15,736 | |
| Financial income | 75/76B | €86 | - | -€86 | |
| Recurring financial income | 75 | €86 | - | -€86 | |
| Financial charges | 65/66B | €5,256 | €6,510 | +€1,254 | +23.9% |
| Recurring financial charges | 65 | €5,256 | €6,510 | +€1,254 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €2,718 | -€14,357 | -€17,075 | |
| Profit (loss) for the period | 9904 | €2,718 | -€14,357 | -€17,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,718 | -€14,357 | -€17,075 |
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 22 October 2026 via checked.be.