SISHARP: 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.
SISHARP
Largest movements
- Cash +€150,236
up €150,236 (+282.1%), from €53,252 to €203,488
mainly Net result for the year (+€70,691) and Current investments (+€48,538)
- Current investments -€48,538
down €48,538 (-44.5%), from €109,025 to €60,487
- Receivables within one year -€35,270
down €35,270 (-68.9%), from €51,187 to €15,917
- Profit (loss) carried forward +€70,691
up €70,691 (+47.3%), from €149,577 to €220,268
- Other debts -€7,608
down €7,608 (-90.0%), from €8,455 to €847
- Gross operating margin -€35,555
down €35,555 (-29.1%), from €122,277 to €86,721
- Taxes -€9,639
down €9,639 (-36.0%), from €26,771 to €17,131
- Financial income +€1,994
up €1,994 (+170.6%), from €1,169 to €3,163
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 | €217,077 | €284,259 | +€67,183 | +30.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,660 | €3,080 | +€420 | +15.8% |
| Tangible fixed assets | 22/27 | €2,660 | €3,080 | +€420 | +15.8% |
| Furniture and vehicles | 24 | €2,660 | €3,080 | +€420 | +15.8% |
| Current assets | 29/58 | €214,417 | €281,180 | +€66,762 | +31.1% |
| Amounts receivable within one year | 40/41 | €51,187 | €15,917 | -€35,270 | -68.9% |
| Trade receivables | 40 | €51,187 | €15,917 | -€35,270 | -68.9% |
| Current investments | 50/53 | €109,025 | €60,487 | -€48,538 | -44.5% |
| Cash at bank and in hand | 54/58 | €53,252 | €203,488 | +€150,236 | +282.1% |
| Deferred charges and accrued income | 490/1 | €953 | €1,287 | +€334 | +35.0% |
| Total equity and liabilities | 10/49 | €217,077 | €284,259 | +€67,183 | +30.9% |
| Equity | 10/15 | €153,577 | €224,268 | +€70,691 | +46.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,577 | €220,268 | +€70,691 | +47.3% |
| Amounts payable | 17/49 | €63,500 | €59,992 | -€3,508 | -5.5% |
| Amounts payable within one year | 42/48 | €63,060 | €59,645 | -€3,415 | -5.4% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €1,123 | €3,758 | +€2,635 | +234.7% |
| Suppliers | 440/4 | €1,123 | €3,758 | +€2,635 | +234.7% |
| Taxes, remuneration and social security | 45 | €53,482 | €55,019 | +€1,537 | +2.9% |
| Taxes | 450/3 | €53,162 | €55,019 | +€1,857 | +3.5% |
| Remuneration and social security | 454/9 | €320 | €0 | -€320 | -100.0% |
| Other amounts payable | 47/48 | €8,455 | €847 | -€7,608 | -90.0% |
| Accrued charges and deferred income | 492/3 | €441 | €347 | -€94 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €896 | -€869 | -49.3% |
| Other operating charges | 640/8 | €116 | €90 | -€26 | -22.5% |
| Gross operating margin | 9900 | €122,277 | €86,721 | -€35,555 | -29.1% |
| Operating profit (loss) | 9901 | €120,396 | €85,736 | -€34,660 | -28.8% |
| Financial income | 75/76B | €1,169 | €3,163 | +€1,994 | +170.6% |
| Recurring financial income | 75 | €1,169 | €3,163 | +€1,994 | +170.6% |
| Financial charges | 65/66B | €1,538 | €1,077 | -€462 | -30.0% |
| Recurring financial charges | 65 | €1,538 | €1,077 | -€462 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €120,027 | €87,823 | -€32,204 | -26.8% |
| Income taxes | 67/77 | €26,771 | €17,131 | -€9,639 | -36.0% |
| Profit (loss) for the period | 9904 | €93,256 | €70,691 | -€22,565 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,256 | €70,691 | -€22,565 | -24.2% |
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 9 October 2026 via checked.be.