SISMAC: 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.
SISMAC
Largest movements
- Cash +€74,593
up €74,593 (+40.0%), from €186,682 to €261,275
mainly Current investments (+€35,914) and Net result for the year (+€16,215)
- Current investments -€35,914
down €35,914 (-39.1%), from €91,925 to €56,011
- Receivables within one year -€11,905
down €11,905 (-49.2%), from €24,176 to €12,271
of which Trade receivables: -€11,971
- Tangible fixed assets -€7,140
down €7,140 (-19.8%), from €35,979 to €28,839
of which Furniture and vehicles: -€5,719
- Reserves +€16,215
up €16,215 (+12.1%), from €134,188 to €150,403
of which Distributable reserves: +€16,215
- Gross operating margin -€8,005
down €8,005 (-14.7%), from €54,394 to €46,389
- Financial charges +€6,339
up €6,339 (+6635.8%), from €96 to €6,434
- Depreciation +€2,280
up €2,280 (+30.0%), from €7,590 to €9,870
- Financial income +€1,987
up €1,987 (+152.1%), from €1,307 to €3,294
- Taxes +€1,665
up €1,665 (+11.3%), from €14,698 to €16,363
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 | €346,822 | €365,683 | +€18,861 | +5.4% |
| Fixed assets | 21/28 | €36,017 | €28,877 | -€7,140 | -19.8% |
| Tangible fixed assets | 22/27 | €35,979 | €28,839 | -€7,140 | -19.8% |
| Plant, machinery and equipment | 23 | €1,049 | €990 | -€59 | -5.7% |
| Furniture and vehicles | 24 | €25,689 | €19,970 | -€5,719 | -22.3% |
| Other tangible fixed assets | 26 | €9,241 | €7,880 | -€1,361 | -14.7% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €310,805 | €336,806 | +€26,000 | +8.4% |
| Amounts receivable within one year | 40/41 | €24,176 | €12,271 | -€11,905 | -49.2% |
| Trade receivables | 40 | €21,219 | €9,248 | -€11,971 | -56.4% |
| Other amounts receivable | 41 | €2,957 | €3,023 | +€66 | +2.2% |
| Current investments | 50/53 | €91,925 | €56,011 | -€35,914 | -39.1% |
| Cash at bank and in hand | 54/58 | €186,682 | €261,275 | +€74,593 | +40.0% |
| Deferred charges and accrued income | 490/1 | €8,022 | €7,249 | -€774 | -9.6% |
| Total equity and liabilities | 10/49 | €346,822 | €365,683 | +€18,861 | +5.4% |
| Equity | 10/15 | €317,929 | €333,311 | +€15,382 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,188 | €150,403 | +€16,215 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €132,328 | €148,543 | +€16,215 | +12.3% |
| Profit (loss) carried forward | 14 | €165,141 | €164,308 | -€833 | -0.5% |
| Amounts payable | 17/49 | €28,893 | €32,372 | +€3,479 | +12.0% |
| Amounts payable within one year | 42/48 | €18,143 | €21,091 | +€2,948 | +16.3% |
| Trade debts | 44 | €4,562 | €4,044 | -€518 | -11.4% |
| Suppliers | 440/4 | €4,562 | €4,044 | -€518 | -11.4% |
| Taxes, remuneration and social security | 45 | €2,342 | €5,616 | +€3,274 | +139.8% |
| Taxes | 450/3 | - | €3,381 | +€3,381 | |
| Remuneration and social security | 454/9 | €2,342 | €2,235 | -€106 | -4.5% |
| Other amounts payable | 47/48 | €11,239 | €11,431 | +€192 | +1.7% |
| Accrued charges and deferred income | 492/3 | €10,751 | €11,281 | +€530 | +4.9% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,590 | €9,870 | +€2,280 | +30.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | - | €413 | +€413 | |
| Gross operating margin | 9900 | €54,394 | €46,389 | -€8,005 | -14.7% |
| Operating profit (loss) | 9901 | €46,419 | €35,718 | -€10,701 | -23.1% |
| Financial income | 75/76B | €1,307 | €3,294 | +€1,987 | +152.1% |
| Recurring financial income | 75 | €1,307 | €3,294 | +€1,987 | +152.1% |
| Financial charges | 65/66B | €96 | €6,434 | +€6,339 | +6635.8% |
| Recurring financial charges | 65 | €96 | €6,434 | +€6,339 | +6635.8% |
| Profit (loss) for the period before taxes | 9903 | €47,630 | €32,578 | -€15,052 | -31.6% |
| Income taxes | 67/77 | €14,698 | €16,363 | +€1,665 | +11.3% |
| Profit (loss) for the period | 9904 | €32,932 | €16,215 | -€16,717 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,932 | €16,215 | -€16,717 | -50.8% |
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 5 October 2026 via checked.be.