SISTARS: 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.
SISTARS
Largest movements
- Receivables within one year -€13,333
down €13,333 (-60.4%), from €22,057 to €8,725
of which Trade receivables: -€13,333
- Deferred charges and accrued income +€4,877
up €4,877 (+31.6%), from €15,450 to €20,327
- Cash +€1,503
new in 2025: €1,503
mainly Receivables within one year (+€13,333) and Net result for the year (+€9,781)
- Trade debts -€15,701
down €15,701 (-87.5%), from €17,937 to €2,236
- Profit (loss) carried forward +€9,781
up €9,781 (+36.2%), from -€27,030 to -€17,249
- Short-term financial debts -€3,033
no longer reported in 2025 (was €3,033)
- Tax, wage and social debts +€2,000
up €2,000 (+9.2%), from €21,684 to €23,684
of which Remuneration and social security: +€5,003
- Gross operating margin +€23,746
up €23,746 (+49.6%), from €47,898 to €71,644
- Staff costs +€11,589
up €11,589 (+28.3%), from €40,895 to €52,484
- Financial charges -€10,572
down €10,572 (-84.9%), from €12,456 to €1,885
of which Non-recurring financial charges: -€11,145
- Write-downs +€3,265
up €3,265 (+53.2%), from €6,137 to €9,402
- Taxes -€2,653
down €2,653, from €165 to -€2,488
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 | €37,758 | €30,805 | -€6,953 | -18.4% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €37,508 | €30,555 | -€6,953 | -18.5% |
| Amounts receivable within one year | 40/41 | €22,057 | €8,725 | -€13,333 | -60.4% |
| Trade receivables | 40 | €21,068 | €7,735 | -€13,333 | -63.3% |
| Other amounts receivable | 41 | €990 | €990 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,503 | +€1,503 | |
| Deferred charges and accrued income | 490/1 | €15,450 | €20,327 | +€4,877 | +31.6% |
| Total equity and liabilities | 10/49 | €37,758 | €30,805 | -€6,953 | -18.4% |
| Equity | 10/15 | -€4,896 | €4,885 | +€9,781 | |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | €6,250 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €15,884 | €15,884 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,024 | €14,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,030 | -€17,249 | +€9,781 | +36.2% |
| Amounts payable | 17/49 | €42,654 | €25,920 | -€16,734 | -39.2% |
| Amounts payable within one year | 42/48 | €42,654 | €25,920 | -€16,734 | -39.2% |
| Financial debts | 43 | €3,033 | - | -€3,033 | |
| Credit institutions | 430/8 | €3,033 | - | -€3,033 | |
| Trade debts | 44 | €17,937 | €2,236 | -€15,701 | -87.5% |
| Suppliers | 440/4 | €17,937 | €2,236 | -€15,701 | -87.5% |
| Taxes, remuneration and social security | 45 | €21,684 | €23,684 | +€2,000 | +9.2% |
| Taxes | 450/3 | €20,162 | €17,160 | -€3,002 | -14.9% |
| Remuneration and social security | 454/9 | €1,522 | €6,525 | +€5,003 | +328.7% |
| Remuneration, social security and pensions | 62 | €40,895 | €52,484 | +€11,589 | +28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,137 | €9,402 | +€3,265 | +53.2% |
| Other operating charges | 640/8 | €1,893 | €580 | -€1,313 | -69.4% |
| Gross operating margin | 9900 | €47,898 | €71,644 | +€23,746 | +49.6% |
| Operating profit (loss) | 9901 | -€1,026 | €9,178 | +€10,204 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,456 | €1,885 | -€10,572 | -84.9% |
| Recurring financial charges | 65 | €1,311 | €1,885 | +€573 | +43.7% |
| Non-recurring financial charges | 66B | €11,145 | - | -€11,145 | |
| Profit (loss) for the period before taxes | 9903 | -€13,483 | €7,293 | +€20,776 | |
| Income taxes | 67/77 | €165 | -€2,488 | -€2,653 | |
| Profit (loss) for the period | 9904 | -€13,648 | €9,781 | +€23,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,648 | €9,781 | +€23,429 |
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 1 October 2026 via checked.be.