SISTAN: 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.
SISTAN
Largest movements
- Intangible fixed assets -€6,095
down €6,095 (-52.5%), from €11,602 to €5,507
- Cash -€4,747
down €4,747 (-24.8%), from €19,173 to €14,427
mainly Net result for the year (-€11,475) and Receivables within one year (-€1,034)
- Receivables within one year +€1,034
up €1,034 (+897.8%), from €115 to €1,149
of which Trade receivables: +€1,149
- Formation expenses -€705
down €705 (-55.1%), from €1,281 to €576
- Profit (loss) carried forward -€11,475
down €11,475 (-12.3%), from -€93,229 to -€104,704
- Trade debts +€962
up €962 (+248.4%), from €387 to €1,350
- Gross operating margin -€1,965
down €1,965 (-89.1%), from -€2,205 to -€4,170
- Other operating charges -€512
down €512 (-56.2%), from €912 to €400
- Financial charges -€126
down €126 (-54.4%), from €231 to €105
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 | €32,171 | €21,659 | -€10,512 | -32.7% |
| Formation expenses | 20 | €1,281 | €576 | -€705 | -55.1% |
| Fixed assets | 21/28 | €11,602 | €5,507 | -€6,095 | -52.5% |
| Intangible fixed assets | 21 | €11,602 | €5,507 | -€6,095 | -52.5% |
| Current assets | 29/58 | €19,288 | €15,576 | -€3,712 | -19.2% |
| Amounts receivable within one year | 40/41 | €115 | €1,149 | +€1,034 | +897.8% |
| Trade receivables | 40 | - | €1,149 | +€1,149 | |
| Other amounts receivable | 41 | €115 | - | -€115 | |
| Cash at bank and in hand | 54/58 | €19,173 | €14,427 | -€4,747 | -24.8% |
| Total equity and liabilities | 10/49 | €32,171 | €21,659 | -€10,512 | -32.7% |
| Equity | 10/15 | €31,771 | €20,296 | -€11,475 | -36.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,229 | -€104,704 | -€11,475 | -12.3% |
| Amounts payable | 17/49 | €400 | €1,362 | +€962 | +240.5% |
| Amounts payable within one year | 42/48 | €400 | €1,362 | +€962 | +240.5% |
| Trade debts | 44 | €387 | €1,350 | +€962 | +248.4% |
| Suppliers | 440/4 | €387 | €1,350 | +€962 | +248.4% |
| Other amounts payable | 47/48 | €13 | €13 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €6,800 | = | 0.0% |
| Other operating charges | 640/8 | €912 | €400 | -€512 | -56.2% |
| Gross operating margin | 9900 | -€2,205 | -€4,170 | -€1,965 | -89.1% |
| Operating profit (loss) | 9901 | -€9,916 | -€11,369 | -€1,453 | -14.7% |
| Financial charges | 65/66B | €231 | €105 | -€126 | -54.4% |
| Recurring financial charges | 65 | €231 | €105 | -€126 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,147 | -€11,475 | -€1,327 | -13.1% |
| Profit (loss) for the period | 9904 | -€10,147 | -€11,475 | -€1,327 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,147 | -€11,475 | -€1,327 | -13.1% |
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 8 October 2026 via checked.be.