SISU: 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.
SISU
Largest movements
- Stocks and contracts -€222,501
down €222,501 (-50.4%), from €441,240 to €218,739
- Cash -€10,496
down €10,496 (-89.9%), from €11,675 to €1,179
mainly Debts within one year (-€244,508) and Investment in fixed assets (net) (-€222,500)
- Debts within one year -€244,508
down €244,508 (-56.6%), from €432,214 to €187,706
- Equity +€11,511
up €11,511 (+51.8%), from €22,201 to €33,712
of which Profit (loss) carried forward: +€12,833
- Gross operating margin +€232,783
up €232,783 (+15234.5%), from €1,528 to €234,311
- Depreciation +€222,500
new in 2020: €222,500
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,415 | €221,418 | -€232,997 | -51.3% |
| Formation expenses | 20 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €452,915 | €219,918 | -€232,997 | -51.4% |
| Stocks and contracts in progress | 3 | €441,240 | €218,739 | -€222,501 | -50.4% |
| Cash at bank and in hand | 54/58 | €11,675 | €1,179 | -€10,496 | -89.9% |
| Total equity and liabilities | 10/49 | €454,415 | €221,418 | -€232,997 | -51.3% |
| Equity | 10/15 | €22,201 | €33,712 | +€11,511 | +51.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,201 | €2,202 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,323 | €11,510 | +€12,833 | |
| Amounts payable | 17/49 | €432,214 | €187,706 | -€244,508 | -56.6% |
| Amounts payable within one year | 42/48 | €432,214 | €187,706 | -€244,508 | -56.6% |
| Trade debts | 44 | €1,286 | €1,600 | +€314 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €222,500 | +€222,500 | |
| Gross operating margin | 9900 | €1,528 | €234,311 | +€232,783 | +15234.5% |
| Operating profit (loss) | 9901 | €1,002 | €11,545 | +€10,543 | +1052.2% |
| Recurring financial charges | 65 | €155 | €35 | -€120 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €847 | €11,510 | +€10,663 | +1258.9% |
| Profit (loss) for the period | 9904 | €847 | €11,510 | +€10,663 | +1258.9% |
| Profit (loss) for the period to be appropriated | 9905 | €847 | €11,510 | +€10,663 | +1258.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.