SISMO: 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.
SISMO
Largest movements
- Cash +€73,271
up €73,271 (+58.5%), from €125,296 to €198,567
mainly Debts after one year (+€1.9m) and Contributions, distributions and other (+€125,294)
- Tangible fixed assets -€45,768
down €45,768 (-4.5%), from €1.0m to €981,914
of which Land and buildings: -€31,100
- Debts after one year +€1.9m
up €1.9m (+57.2%), from €3.3m to €5.2m
of which Trade debts: +€1.6m
- Trade debts -€1.6m
down €1.6m (-90.6%), from €1.7m to €162,627
- Profit (loss) carried forward -€448,486
down €448,486 (-6.6%), from -€6.8m to -€7.2m
- Reserves +€187,494
up €187,494 (+75.3%), from €248,897 to €436,391
of which Distributable reserves: +€187,494
- Revaluation surpluses -€62,200
down €62,200 (-9.1%), from €687,200 to €625,000
- Gross operating margin -€149,915
down €149,915 (-48.4%), from €310,028 to €160,113
- Staff costs -€65,006
down €65,006 (-11.1%), from €586,357 to €521,351
- Financial income -€21,964
down €21,964 (-98.2%), from €22,358 to €394
- Depreciation -€14,853
down €14,853 (-24.5%), from €60,621 to €45,768
- Other operating charges +€5,678
up €5,678 (+21.3%), from €26,610 to €32,287
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.
Derived cash bridge
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 | €3,311,349 | €3,345,630 | +€34,282 | +1.0% |
| Fixed assets | 21/28 | €1,027,681 | €981,914 | -€45,768 | -4.5% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €1,027,681 | €981,914 | -€45,768 | -4.5% |
| Land and buildings | 22 | €999,663 | €968,563 | -€31,100 | -3.1% |
| Plant, machinery and equipment | 23 | €15,045 | €3,578 | -€11,467 | -76.2% |
| Furniture and vehicles | 24 | €12,973 | €9,772 | -€3,200 | -24.7% |
| Current assets | 29/58 | €2,283,667 | €2,363,717 | +€80,049 | +3.5% |
| Stocks and contracts in progress | 3 | €1,648,984 | €1,656,429 | +€7,445 | +0.5% |
| Stocks | 30/36 | €1,648,984 | €1,656,429 | +€7,445 | +0.5% |
| Amounts receivable within one year | 40/41 | €509,387 | €505,576 | -€3,811 | -0.7% |
| Trade receivables | 40 | €492,991 | €491,534 | -€1,457 | -0.3% |
| Other amounts receivable | 41 | €16,396 | €14,042 | -€2,354 | -14.4% |
| Cash at bank and in hand | 54/58 | €125,296 | €198,567 | +€73,271 | +58.5% |
| Deferred charges and accrued income | 490/1 | - | €3,145 | +€3,145 | |
| Total equity and liabilities | 10/49 | €3,311,349 | €3,345,630 | +€34,282 | +1.0% |
| Equity | 10/15 | -€1,818,210 | -€2,141,403 | -€323,193 | -17.8% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €687,200 | €625,000 | -€62,200 | -9.1% |
| Reserves | 13 | €248,897 | €436,391 | +€187,494 | +75.3% |
| Non-distributable reserves | 130/1 | €97 | €97 | = | 0.0% |
| Legal reserve | 130 | €97 | €97 | = | 0.0% |
| Distributable reserves | 133 | €248,800 | €436,294 | +€187,494 | +75.4% |
| Profit (loss) carried forward | 14 | -€6,754,307 | -€7,202,794 | -€448,486 | -6.6% |
| Amounts payable | 17/49 | €5,129,559 | €5,487,033 | +€357,474 | +7.0% |
| Amounts payable after more than one year | 17 | €3,299,055 | €5,184,829 | +€1.9m | +57.2% |
| Trade debts | 175 | - | €1,607,110 | +€1.6m | |
| Other amounts payable | 178/9 | €3,299,055 | €3,577,719 | +€278,664 | +8.4% |
| Amounts payable within one year | 42/48 | €1,830,503 | €302,204 | -€1.5m | -83.5% |
| Trade debts | 44 | €1,739,068 | €162,627 | -€1.6m | -90.6% |
| Suppliers | 440/4 | €1,739,068 | €162,627 | -€1.6m | -90.6% |
| Taxes, remuneration and social security | 45 | €91,435 | €138,465 | +€47,030 | +51.4% |
| Remuneration and social security | 454/9 | €91,435 | €138,465 | +€47,030 | +51.4% |
| Other amounts payable | 47/48 | - | €1,111 | +€1,111 | |
| Remuneration, social security and pensions | 62 | €586,357 | €521,351 | -€65,006 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,621 | €45,768 | -€14,853 | -24.5% |
| Other operating charges | 640/8 | €26,610 | €32,287 | +€5,678 | +21.3% |
| Non-recurring operating charges | 66A | -€320 | €4,696 | +€5,015 | |
| Gross operating margin | 9900 | €310,028 | €160,113 | -€149,915 | -48.4% |
| Operating profit (loss) | 9901 | -€363,240 | -€443,989 | -€80,748 | -22.2% |
| Financial income | 75/76B | €22,358 | €394 | -€21,964 | -98.2% |
| Recurring financial income | 75 | €22,358 | €394 | -€21,964 | -98.2% |
| Financial charges | 65/66B | €412 | €1,003 | +€591 | +144% |
| Recurring financial charges | 65 | €412 | €1,003 | +€591 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€341,293 | -€444,597 | -€103,304 | -30.3% |
| Income taxes | 67/77 | €209 | €3,890 | +€3,680 | +1,758% |
| Profit (loss) for the period | 9904 | -€341,503 | -€448,486 | -€106,984 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,503 | -€448,486 | -€106,984 | -31.3% |
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 21 October 2026 via checked.be.