SISAHM: 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.
SISAHM
Largest movements
- Receivables within one year +€9,037
up €9,037 (+14.4%), from €62,683 to €71,720
- Deferred charges and accrued income +€8,059
up €8,059 (+218%), from €3,701 to €11,760
- Cash +€7,794
up €7,794 (+6.0%), from €130,190 to €137,984
mainly Trade debts (+€18,912) and Depreciation (+€9,992)
- Trade debts +€18,912
up €18,912 (+118%), from €16,093 to €35,005
of which Bills of exchange payable: +€15,705
- Profit (loss) carried forward -€12,992
down €12,992, from €8,354 to -€4,638
- Tax, wage and social debts +€8,614
up €8,614 (+11.3%), from €76,137 to €84,751
- Reserves +€8,354
up €8,354 (+13.3%), from €62,692 to €71,046
- Staff costs +€75,498
up €75,498 (+11.1%), from €677,128 to €752,626
- Turnover +€75,391
up €75,391 (+9.8%), from €772,730 to €848,121
- Gross operating margin +€70,879
up €70,879 (+10.2%), from €694,570 to €765,449
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 | €215,462 | €238,141 | +€22,679 | +10.5% |
| Fixed assets | 21/28 | €11,904 | €9,591 | -€2,313 | -19.4% |
| Tangible fixed assets | 22/27 | €11,904 | €9,591 | -€2,313 | -19.4% |
| Furniture and vehicles | 24 | €11,904 | €9,591 | -€2,313 | -19.4% |
| Current assets | 29/58 | €203,558 | €228,550 | +€24,992 | +12.3% |
| Amounts receivable within one year | 40/41 | €62,683 | €71,720 | +€9,037 | +14.4% |
| Trade receivables | 40 | €62,683 | €71,720 | +€9,037 | +14.4% |
| Current investments | 50/53 | €6,984 | €7,086 | +€102 | +1.5% |
| Cash at bank and in hand | 54/58 | €130,190 | €137,984 | +€7,794 | +6.0% |
| Deferred charges and accrued income | 490/1 | €3,701 | €11,760 | +€8,059 | +218% |
| Total equity and liabilities | 10/49 | €215,462 | €238,141 | +€22,679 | +10.5% |
| Equity | 10/15 | €71,046 | €66,408 | -€4,638 | -6.5% |
| Reserves | 13 | €62,692 | €71,046 | +€8,354 | +13.3% |
| Profit (loss) carried forward | 14 | €8,354 | -€4,638 | -€12,992 | |
| Provisions and deferred taxes | 16 | €50,837 | €50,628 | -€209 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €50,837 | €50,628 | -€209 | -0.4% |
| Other liabilities and charges | 164/5 | €50,837 | €50,628 | -€209 | -0.4% |
| Amounts payable | 17/49 | €93,579 | €121,105 | +€27,526 | +29.4% |
| Amounts payable after more than one year | 17 | €1,349 | €1,349 | -€0 | 0.0% |
| Trade debts | 175 | €1,349 | €1,349 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €92,230 | €119,756 | +€27,526 | +29.8% |
| Trade debts | 44 | €16,093 | €35,005 | +€18,912 | +118% |
| Suppliers | 440/4 | €16,093 | €19,300 | +€3,207 | +19.9% |
| Bills of exchange payable | 441 | - | €15,705 | +€15,705 | |
| Taxes, remuneration and social security | 45 | €76,137 | €84,751 | +€8,614 | +11.3% |
| Remuneration and social security | 454/9 | €76,137 | €84,751 | +€8,614 | +11.3% |
| Turnover | 70 | €772,730 | €848,121 | +€75,391 | +9.8% |
| Non-recurring operating income | 76A | €7,668 | €225 | -€7,443 | -97.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,828 | €82,897 | -€2,931 | -3.4% |
| Remuneration, social security and pensions | 62 | €677,128 | €752,626 | +€75,498 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,821 | €9,992 | +€2,171 | +27.8% |
| Other operating charges | 640/8 | €728 | €8,301 | +€7,573 | +1,040% |
| Non-recurring operating charges | 66A | €745 | - | -€745 | |
| Gross operating margin | 9900 | €694,570 | €765,449 | +€70,879 | +10.2% |
| Operating profit (loss) | 9901 | €8,147 | -€5,470 | -€13,617 | |
| Financial income | 75/76B | €432 | €1,058 | +€626 | +145% |
| Recurring financial income | 75 | €432 | €1,058 | +€626 | +145% |
| Financial charges | 65/66B | €226 | €226 | +€0 | +0.2% |
| Recurring financial charges | 65 | €226 | €226 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €8,354 | -€4,638 | -€12,992 | |
| Profit (loss) for the period | 9904 | €8,354 | -€4,638 | -€12,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,354 | -€4,638 | -€12,992 |
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 27 October 2026 via checked.be.