SISI: 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.
SISI
Largest movements
- Receivables within one year -€16,986
no longer reported in 2025 (was €16,986)
- Cash -€2,345
down €2,345 (-2.5%), from €93,666 to €91,321
mainly Other debts (-€13,619) and Contributions, distributions and other (-€11,385)
- Other debts -€13,619
down €13,619 (-47.2%), from €28,851 to €15,232
- Reserves -€8,192
down €8,192 (-18.6%), from €43,927 to €35,735
of which Distributable reserves: -€8,192
- Gross operating margin -€2,796
down €2,796 (-20.8%), from €13,442 to €10,646
- Taxes -€859
down €859 (-28.3%), from €3,040 to €2,181
- Other operating charges -€222
down €222 (-5.6%), from €3,967 to €3,745
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 | €194,509 | €173,189 | -€21,320 | -11.0% |
| Fixed assets | 21/28 | €82,472 | €80,839 | -€1,633 | -2.0% |
| Tangible fixed assets | 22/27 | €82,472 | €80,839 | -€1,633 | -2.0% |
| Land and buildings | 22 | €44,475 | €42,842 | -€1,633 | -3.7% |
| Other tangible fixed assets | 26 | €37,996 | €37,996 | = | 0.0% |
| Current assets | 29/58 | €112,037 | €92,350 | -€19,686 | -17.6% |
| Stocks and contracts in progress | 3 | €1,318 | €960 | -€358 | -27.2% |
| Stocks | 30/36 | €1,318 | €960 | -€358 | -27.2% |
| Amounts receivable within one year | 40/41 | €16,986 | - | -€16,986 | |
| Other amounts receivable | 41 | €16,986 | - | -€16,986 | |
| Cash at bank and in hand | 54/58 | €93,666 | €91,321 | -€2,345 | -2.5% |
| Deferred charges and accrued income | 490/1 | €67 | €70 | +€2 | +3.6% |
| Total equity and liabilities | 10/49 | €194,509 | €173,189 | -€21,320 | -11.0% |
| Equity | 10/15 | €158,342 | €150,151 | -€8,192 | -5.2% |
| Contributions | 10/11 | €102,895 | €102,895 | = | 0.0% |
| Capital | 10 | €102,895 | €102,895 | = | 0.0% |
| Issued capital | 100 | €102,895 | €102,895 | = | 0.0% |
| Revaluation surpluses | 12 | €11,521 | €11,521 | = | 0.0% |
| Reserves | 13 | €43,927 | €35,735 | -€8,192 | -18.6% |
| Non-distributable reserves | 130/1 | €680 | €680 | = | 0.0% |
| Legal reserve | 130 | €680 | €680 | = | 0.0% |
| Distributable reserves | 133 | €43,247 | €35,056 | -€8,192 | -18.9% |
| Amounts payable | 17/49 | €36,166 | €23,038 | -€13,128 | -36.3% |
| Amounts payable within one year | 42/48 | €36,166 | €23,038 | -€13,128 | -36.3% |
| Trade debts | 44 | €1,534 | €1,559 | +€25 | +1.6% |
| Suppliers | 440/4 | €1,534 | €1,559 | +€25 | +1.6% |
| Taxes, remuneration and social security | 45 | €5,781 | €6,248 | +€466 | +8.1% |
| Taxes | 450/3 | €5,781 | €6,248 | +€466 | +8.1% |
| Other amounts payable | 47/48 | €28,851 | €15,232 | -€13,619 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,633 | €1,633 | = | 0.0% |
| Other operating charges | 640/8 | €3,967 | €3,745 | -€222 | -5.6% |
| Gross operating margin | 9900 | €13,442 | €10,646 | -€2,796 | -20.8% |
| Operating profit (loss) | 9901 | €7,842 | €5,268 | -€2,574 | -32.8% |
| Financial income | 75/76B | €275 | €275 | +€1 | +0.3% |
| Recurring financial income | 75 | €275 | €275 | +€1 | +0.3% |
| Financial charges | 65/66B | €194 | €170 | -€24 | -12.6% |
| Recurring financial charges | 65 | €194 | €170 | -€24 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €7,922 | €5,374 | -€2,548 | -32.2% |
| Income taxes | 67/77 | €3,040 | €2,181 | -€859 | -28.3% |
| Profit (loss) for the period | 9904 | €4,882 | €3,193 | -€1,689 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,882 | €3,193 | -€1,689 | -34.6% |
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.