SISU Connect: 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 Connect
Largest movements
- Cash +€105,357
up €105,357 (+147%), from €71,654 to €177,010
mainly Net result for the year (+€111,092) and Tax, wage and social debts (+€2,327)
- Receivables within one year +€7,543
up €7,543 (+18.1%), from €41,581 to €49,124
of which Trade receivables: +€7,821
- Profit (loss) carried forward +€111,092
up €111,092 (+120%), from €92,668 to €203,760
- Tax, wage and social debts +€2,327
up €2,327 (+14.1%), from €16,554 to €18,881
- Gross operating margin +€21,624
up €21,624 (+17.4%), from €124,006 to €145,630
- Taxes +€5,186
up €5,186 (+20.3%), from €25,572 to €30,759
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 | €117,299 | €230,992 | +€113,694 | +96.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €4,014 | €4,808 | +€794 | +19.8% |
| Tangible fixed assets | 22/27 | €4,014 | €4,808 | +€794 | +19.8% |
| Plant, machinery and equipment | 23 | €2,514 | €1,742 | -€772 | -30.7% |
| Furniture and vehicles | 24 | €1,500 | €3,066 | +€1,566 | +104% |
| Current assets | 29/58 | €113,285 | €226,185 | +€112,900 | +99.7% |
| Amounts receivable within one year | 40/41 | €41,581 | €49,124 | +€7,543 | +18.1% |
| Trade receivables | 40 | €41,303 | €49,124 | +€7,821 | +18.9% |
| Other amounts receivable | 41 | €278 | €0 | -€278 | -100% |
| Cash at bank and in hand | 54/58 | €71,654 | €177,010 | +€105,357 | +147% |
| Deferred charges and accrued income | 490/1 | €50 | €50 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €117,299 | €230,992 | +€113,694 | +96.9% |
| Equity | 10/15 | €95,668 | €206,760 | +€111,092 | +116% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,668 | €203,760 | +€111,092 | +120% |
| Amounts payable | 17/49 | €21,630 | €24,232 | +€2,602 | +12.0% |
| Amounts payable within one year | 42/48 | €21,630 | €24,232 | +€2,602 | +12.0% |
| Trade debts | 44 | €0 | €176 | +€176 | |
| Suppliers | 440/4 | €0 | €176 | +€176 | |
| Taxes, remuneration and social security | 45 | €16,554 | €18,881 | +€2,327 | +14.1% |
| Taxes | 450/3 | €16,554 | €18,881 | +€2,327 | +14.1% |
| Other amounts payable | 47/48 | €5,076 | €5,175 | +€99 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,231 | -€870 | -41.4% |
| Other operating charges | 640/8 | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €124,006 | €145,630 | +€21,624 | +17.4% |
| Operating profit (loss) | 9901 | €121,842 | €144,336 | +€22,494 | +18.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,872 | €2,485 | -€387 | -13.5% |
| Recurring financial charges | 65 | €2,872 | €2,485 | -€387 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €118,970 | €141,851 | +€22,881 | +19.2% |
| Income taxes | 67/77 | €25,572 | €30,759 | +€5,186 | +20.3% |
| Profit (loss) for the period | 9904 | €93,397 | €111,092 | +€17,695 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,397 | €111,092 | +€17,695 | +18.9% |
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 19 October 2026 via checked.be.