SISU Advies: what changed
SISU Advies
Largest movements
- Current investments +€468,771
up €468,771 (+93.8%), from €500,000 to €968,771
- Cash +€126,103
up €126,103 (+19.2%), from €657,125 to €783,228
mainly Net result for the year (+€497,342) and Tax, wage and social debts (+€74,944)
- Tangible fixed assets -€22,167
down €22,167 (-21.6%), from €102,521 to €80,354
of which Furniture and vehicles: -€21,692
- Reserves +€497,342
up €497,342 (+59.6%), from €834,226 to €1.3m
- Tax, wage and social debts +€74,944
up €74,944 (+16.0%), from €467,995 to €542,940
of which Taxes: +€80,364
- Gross operating margin +€31,063
up €31,063 (+4.3%), from €718,100 to €749,163
- Financial income +€26,771
up €26,771 (+59,851%), from €45 to €26,816
- Taxes +€25,148
up €25,148 (+11.7%), from €215,094 to €240,242
- Depreciation +€11,438
up €11,438 (+95.6%), from €11,964 to €23,402
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,806 | €1,889,247 | +€567,441 | +42.9% |
| Fixed assets | 21/28 | €102,521 | €80,354 | -€22,167 | -21.6% |
| Tangible fixed assets | 22/27 | €102,521 | €80,354 | -€22,167 | -21.6% |
| Plant, machinery and equipment | 23 | €2,127 | €1,652 | -€475 | -22.3% |
| Furniture and vehicles | 24 | €100,394 | €78,701 | -€21,692 | -21.6% |
| Current assets | 29/58 | €1,219,285 | €1,808,894 | +€589,608 | +48.4% |
| Amounts receivable within one year | 40/41 | €61,237 | €55,912 | -€5,324 | -8.7% |
| Trade receivables | 40 | €61,237 | €55,912 | -€5,324 | -8.7% |
| Current investments | 50/53 | €500,000 | €968,771 | +€468,771 | +93.8% |
| Cash at bank and in hand | 54/58 | €657,125 | €783,228 | +€126,103 | +19.2% |
| Deferred charges and accrued income | 490/1 | €924 | €982 | +€58 | +6.3% |
| Total equity and liabilities | 10/49 | €1,321,806 | €1,889,247 | +€567,441 | +42.9% |
| Equity | 10/15 | €835,226 | €1,332,568 | +€497,342 | +59.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €834,226 | €1,331,568 | +€497,342 | +59.6% |
| Distributable reserves | 133 | €834,226 | €1,331,568 | +€497,342 | +59.6% |
| Amounts payable | 17/49 | €486,580 | €556,679 | +€70,099 | +14.4% |
| Amounts payable within one year | 42/48 | €486,580 | €556,268 | +€69,688 | +14.3% |
| Trade debts | 44 | €5,385 | €2,945 | -€2,439 | -45.3% |
| Suppliers | 440/4 | €5,385 | €2,945 | -€2,439 | -45.3% |
| Taxes, remuneration and social security | 45 | €467,995 | €542,940 | +€74,944 | +16.0% |
| Taxes | 450/3 | €462,575 | €542,940 | +€80,364 | +17.4% |
| Remuneration and social security | 454/9 | €5,420 | €0 | -€5,420 | -100% |
| Other amounts payable | 47/48 | €13,200 | €10,383 | -€2,817 | -21.3% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,964 | €23,402 | +€11,438 | +95.6% |
| Other operating charges | 640/8 | €1,378 | €1,998 | +€619 | +45.0% |
| Non-recurring operating charges | 66A | €19,153 | €12,192 | -€6,961 | -36.3% |
| Gross operating margin | 9900 | €718,100 | €749,163 | +€31,063 | +4.3% |
| Operating profit (loss) | 9901 | €685,605 | €711,572 | +€25,967 | +3.8% |
| Financial income | 75/76B | €45 | €26,816 | +€26,771 | +59,851% |
| Recurring financial income | 75 | €45 | €26,816 | +€26,771 | +59,851% |
| Financial charges | 65/66B | €799 | €804 | +€5 | +0.6% |
| Recurring financial charges | 65 | €799 | €804 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €684,851 | €737,584 | +€52,733 | +7.7% |
| Income taxes | 67/77 | €215,094 | €240,242 | +€25,148 | +11.7% |
| Profit (loss) for the period | 9904 | €469,757 | €497,342 | +€27,585 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €469,757 | €497,342 | +€27,585 | +5.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.