SISCOR: 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.
What changed
SISCOR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,275
2024 · -€23,319+€14,044
Equity
€87,573
2024 · €96,848-€9,275
Cash
€31,470
2024 · €11,633+€19,837
Balance sheet total
€1.9m
2024 · €2.1m-€121,537
Largest movements
Assets
- Tangible fixed assets -€142,056
down €142,056 (-7.6%), from €1.9m to €1.7m
Equity and liabilities
- Debts after one year -€119,691
down €119,691 (-10.3%), from €1.2m to €1.0m
- Current portion of long-term debt -€30,149
down €30,149 (-18.0%), from €167,097 to €136,949
- Trade debts +€26,292
up €26,292 (+136.4%), from €19,270 to €45,562
Income statement
- Gross operating margin +€23,995
up €23,995 (+13.8%), from €174,123 to €198,117
- Depreciation +€5,000
up €5,000 (+3.6%), from €137,057 to €142,056
- Financial charges +€3,637
up €3,637 (+9.4%), from €38,810 to €42,446
of which Financial charges: +€3,637
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.
Result 2024
-€23,319
Gross operating margin
+€23,995
Depreciation
-€5,000
Other operating charges
-€1,146
Financial income
-€137
Financial charges
-€3,637
Taxes
-€31
Result 2025
-€9,275
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.
From operations
+€169,677
Investment
€0
Financing
-€149,840
Cash 2024
€11,633
From operations (derived)
+€169,677
Net result for the year
-€9,275
Depreciation
+€142,056
Receivables within one year
+€2,025
Deferred charges and accrued income
-€2,708
Provisions
-€5,445
Trade debts
+€26,292
Tax, wage and social debts
+€1,981
Other debts
+€12,404
Accrued charges and deferred income
+€2,345
Financing
-€149,840
Debts after one year
-€119,691
Current portion of long-term debt
-€30,149
Cash 2025
€31,470
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,056,201 | €1,934,665 | -€121,537 | -5.9% |
| Fixed assets | 21/28 | €2,035,974 | €1,893,917 | -€142,056 | -7.0% |
| Tangible fixed assets | 22/27 | €1,881,491 | €1,739,435 | -€142,056 | -7.6% |
| Land and buildings | 22 | €1,881,491 | €1,739,435 | -€142,056 | -7.6% |
| Financial fixed assets | 28 | €154,482 | €154,482 | = | 0.0% |
| Current assets | 29/58 | €20,228 | €40,748 | +€20,520 | +101.4% |
| Amounts receivable within one year | 40/41 | €8,595 | €6,570 | -€2,025 | -23.6% |
| Trade receivables | 40 | €8,575 | €6,550 | -€2,025 | -23.6% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,633 | €31,470 | +€19,837 | +170.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,708 | +€2,708 | |
| Total equity and liabilities | 10/49 | €2,056,201 | €1,934,665 | -€121,537 | -5.9% |
| Equity | 10/15 | €96,848 | €87,573 | -€9,275 | -9.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €420,123 | €403,788 | -€16,335 | -3.9% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,944 | €156,609 | -€16,335 | -9.4% |
| Distributable reserves | 133 | €238,503 | €238,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€410,039 | -€402,978 | +€7,060 | +1.7% |
| Provisions and deferred taxes | 16 | €57,648 | €52,204 | -€5,445 | -9.4% |
| Deferred taxes | 168 | €57,648 | €52,204 | -€5,445 | -9.4% |
| Amounts payable | 17/49 | €1,901,706 | €1,794,889 | -€106,817 | -5.6% |
| Amounts payable after more than one year | 17 | €1,163,580 | €1,043,889 | -€119,691 | -10.3% |
| Financial debts | 170/4 | €1,163,580 | €1,043,889 | -€119,691 | -10.3% |
| Amounts payable within one year | 42/48 | €732,930 | €743,459 | +€10,529 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €167,097 | €136,949 | -€30,149 | -18.0% |
| Trade debts | 44 | €19,270 | €45,562 | +€26,292 | +136.4% |
| Suppliers | 440/4 | €19,270 | €45,562 | +€26,292 | +136.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,981 | +€1,981 | |
| Taxes | 450/3 | €0 | €1,981 | +€1,981 | |
| Other amounts payable | 47/48 | €546,563 | €558,967 | +€12,404 | +2.3% |
| Accrued charges and deferred income | 492/3 | €5,195 | €7,540 | +€2,345 | +45.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,057 | €142,056 | +€5,000 | +3.6% |
| Other operating charges | 640/8 | €27,157 | €28,303 | +€1,146 | +4.2% |
| Gross operating margin | 9900 | €174,123 | €198,117 | +€23,995 | +13.8% |
| Operating profit (loss) | 9901 | €9,909 | €27,758 | +€17,849 | +180.1% |
| Financial income | 75/76B | €137 | €0 | -€137 | -100.0% |
| Recurring financial income | 75 | €137 | €0 | -€137 | -100.0% |
| Financial charges | 65/66B | €38,810 | €42,446 | +€3,637 | +9.4% |
| Recurring financial charges | 65 | €38,810 | €42,446 | +€3,637 | +9.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€28,764 | -€14,688 | +€14,075 | +48.9% |
| Transfer from deferred taxes | 780 | €5,445 | €5,445 | = | 0.0% |
| Income taxes | 67/77 | €0 | €31 | +€31 | |
| Profit (loss) for the period | 9904 | -€23,319 | -€9,275 | +€14,044 | +60.2% |
| Transfer from tax-exempt reserves | 789 | €16,335 | €16,335 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,983 | €7,060 | +€14,044 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.