SISCO: what changed
Two fiscal 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.
SISCO
Largest movements
- Receivables within one year -€11,290
down €11,290 (-47.2%), from €23,899 to €12,609
of which Trade receivables: -€18,604
- Stocks and contracts +€9,592
new in 2025: €9,592
- Cash -€1,992
down €1,992 (-11.1%), from €18,017 to €16,025
mainly Investment in fixed assets (net) (-€19,519) and Tax, wage and social debts (-€10,410)
- Tangible fixed assets -€1,556
down €1,556 (-2.3%), from €68,435 to €66,879
of which Furniture and vehicles: -€877
- Tax, wage and social debts -€10,410
down €10,410 (-54.3%), from €19,184 to €8,774
- Current portion of long-term debt +€3,806
up €3,806 (+45.2%), from €8,424 to €12,229
- Debts after one year +€3,570
up €3,570 (+8.3%), from €42,960 to €46,530
- Reserves -€3,556
down €3,556 (-11.0%), from €32,270 to €28,714
- Other debts +€3,014
up €3,014 (+556.0%), from €542 to €3,556
- Depreciation +€4,190
up €4,190 (+24.8%), from €16,885 to €21,075
- Other operating charges -€3,532
down €3,532 (-65.6%), from €5,383 to €1,851
- Gross operating margin +€2,091
up €2,091 (+8.3%), from €25,218 to €27,309
- Financial income -€1,515
down €1,515 (-74.9%), from €2,024 to €509
- Taxes +€287
up €287 (+10.0%), from €2,864 to €3,151
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.
Cash bridge derived
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 | €111,732 | €107,044 | -€4,688 | -4.2% |
| Fixed assets | 21/28 | €68,435 | €66,879 | -€1,556 | -2.3% |
| Tangible fixed assets | 22/27 | €68,435 | €66,879 | -€1,556 | -2.3% |
| Plant, machinery and equipment | 23 | €3,645 | €2,966 | -€679 | -18.6% |
| Furniture and vehicles | 24 | €64,790 | €63,913 | -€877 | -1.4% |
| Current assets | 29/58 | €43,297 | €40,165 | -€3,132 | -7.2% |
| Stocks and contracts in progress | 3 | - | €9,592 | +€9,592 | |
| Stocks | 30/36 | - | €9,592 | +€9,592 | |
| Amounts receivable within one year | 40/41 | €23,899 | €12,609 | -€11,290 | -47.2% |
| Trade receivables | 40 | €18,929 | €325 | -€18,604 | -98.3% |
| Other amounts receivable | 41 | €4,970 | €12,284 | +€7,314 | +147.2% |
| Cash at bank and in hand | 54/58 | €18,017 | €16,025 | -€1,992 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,380 | €1,939 | +€558 | +40.4% |
| Total equity and liabilities | 10/49 | €111,732 | €107,044 | -€4,688 | -4.2% |
| Equity | 10/15 | €36,414 | €31,563 | -€4,851 | -13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,270 | €28,714 | -€3,556 | -11.0% |
| Distributable reserves | 133 | €32,270 | €28,714 | -€3,556 | -11.0% |
| Profit (loss) carried forward | 14 | -€857 | -€2,151 | -€1,294 | -151.1% |
| Amounts payable | 17/49 | €75,318 | €75,481 | +€163 | +0.2% |
| Amounts payable after more than one year | 17 | €42,960 | €46,530 | +€3,570 | +8.3% |
| Financial debts | 170/4 | €42,960 | €46,530 | +€3,570 | +8.3% |
| Amounts payable within one year | 42/48 | €31,908 | €28,951 | -€2,957 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €8,424 | €12,229 | +€3,806 | +45.2% |
| Trade debts | 44 | €3,758 | €4,391 | +€633 | +16.8% |
| Suppliers | 440/4 | €3,758 | €4,391 | +€633 | +16.8% |
| Taxes, remuneration and social security | 45 | €19,184 | €8,774 | -€10,410 | -54.3% |
| Taxes | 450/3 | €19,184 | €8,774 | -€10,410 | -54.3% |
| Other amounts payable | 47/48 | €542 | €3,556 | +€3,014 | +556.0% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100.0% |
| Non-recurring operating income | 76A | €0 | €1,067 | +€1,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,885 | €21,075 | +€4,190 | +24.8% |
| Other operating charges | 640/8 | €5,383 | €1,851 | -€3,532 | -65.6% |
| Non-recurring operating charges | 66A | - | €72 | +€72 | |
| Gross operating margin | 9900 | €25,218 | €27,309 | +€2,091 | +8.3% |
| Operating profit (loss) | 9901 | €2,950 | €4,311 | +€1,361 | +46.1% |
| Financial income | 75/76B | €2,024 | €509 | -€1,515 | -74.9% |
| Recurring financial income | 75 | €2,024 | €509 | -€1,515 | -74.9% |
| Financial charges | 65/66B | €2,966 | €2,963 | -€3 | -0.1% |
| Recurring financial charges | 65 | €2,966 | €2,963 | -€3 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €2,008 | €1,857 | -€151 | -7.5% |
| Income taxes | 67/77 | €2,864 | €3,151 | +€287 | +10.0% |
| Profit (loss) for the period | 9904 | -€857 | -€1,294 | -€437 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€857 | -€1,294 | -€437 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.