SISI ARGAN: 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.
SISI ARGAN
Largest movements
- Stocks and contracts -€4,500
no longer reported in 2024 (was €4,500)
- Receivables within one year +€2,885
new in 2024: €2,885
- Tangible fixed assets -€1,095
down €1,095 (-80.6%), from €1,358 to €264
of which Furniture and vehicles: -€569
- Cash +€978
up €978 (+108%), from €905 to €1,883
mainly Stocks and contracts (+€4,500) and Depreciation (+€1,095)
- Formation expenses -€268
no longer reported in 2024 (was €268)
- Other debts -€2,918
no longer reported in 2024 (was €2,918)
- Tax, wage and social debts +€822
up €822 (+67.2%), from €1,223 to €2,045
- Profit (loss) carried forward +€95
up €95 (+10.7%), from €891 to €986
- Purchases and services +€1,284
up €1,284 (+8.2%), from €15,744 to €17,027
- Turnover +€697
up €697 (+3.9%), from €17,661 to €18,358
- Gross operating margin -€587
down €587 (-30.6%), from €1,917 to €1,331
- Depreciation +€301
up €301 (+37.9%), from €794 to €1,095
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,031 | €5,031 | -€2,000 | -28.5% |
| Formation expenses | 20 | €268 | - | -€268 | |
| Fixed assets | 21/28 | €1,358 | €264 | -€1,095 | -80.6% |
| Tangible fixed assets | 22/27 | €1,358 | €264 | -€1,095 | -80.6% |
| Plant, machinery and equipment | 23 | €790 | €264 | -€526 | -66.6% |
| Furniture and vehicles | 24 | €569 | - | -€569 | |
| Current assets | 29/58 | €5,405 | €4,767 | -€638 | -11.8% |
| Stocks and contracts in progress | 3 | €4,500 | - | -€4,500 | |
| Stocks | 30/36 | €4,500 | - | -€4,500 | |
| Amounts receivable within one year | 40/41 | - | €2,885 | +€2,885 | |
| Other amounts receivable | 41 | - | €2,885 | +€2,885 | |
| Cash at bank and in hand | 54/58 | €905 | €1,883 | +€978 | +108% |
| Total equity and liabilities | 10/49 | €7,031 | €5,031 | -€2,000 | -28.5% |
| Equity | 10/15 | €2,891 | €2,986 | +€95 | +3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €891 | €986 | +€95 | +10.7% |
| Amounts payable | 17/49 | €4,140 | €2,045 | -€2,096 | -50.6% |
| Amounts payable within one year | 42/48 | €4,140 | €2,045 | -€2,096 | -50.6% |
| Taxes, remuneration and social security | 45 | €1,223 | €2,045 | +€822 | +67.2% |
| Taxes | 450/3 | €1,223 | €2,045 | +€822 | +67.2% |
| Other amounts payable | 47/48 | €2,918 | - | -€2,918 | |
| Turnover | 70 | €17,661 | €18,358 | +€697 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,744 | €17,027 | +€1,284 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €1,095 | +€301 | +37.9% |
| Gross operating margin | 9900 | €1,917 | €1,331 | -€587 | -30.6% |
| Operating profit (loss) | 9901 | €1,123 | €236 | -€888 | -79.0% |
| Financial charges | 65/66B | €0 | €141 | +€140 | +93,573% |
| Recurring financial charges | 65 | €0 | €141 | +€140 | +93,573% |
| Profit (loss) for the period before taxes | 9903 | €1,123 | €95 | -€1,028 | -91.5% |
| Profit (loss) for the period | 9904 | €1,123 | €95 | -€1,028 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123 | €95 | -€1,028 | -91.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.