SISY: 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.
SISY
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€160,300
up €160,300 (+90.0%), from €178,104 to €338,404
mainly Current investments (+€250,000) and Receivables within one year (+€144,774)
- Receivables within one year -€144,774
down €144,774 (-86.2%), from €168,014 to €23,240
of which Other amounts receivable: -€159,298
- Tangible fixed assets +€115,493
up €115,493 (+10.4%), from €1.1m to €1.2m
- Other debts -€101,250
down €101,250 (-94.8%), from €106,750 to €5,500
- Accrued charges and deferred income -€41,665
down €41,665 (-99.0%), from €42,066 to €401
- Profit (loss) carried forward +€39,266
up €39,266 (+3.9%), from -€1.0m to -€964,114
- Debts after one year -€27,238
down €27,238 (-1.6%), from €1.7m to €1.7m
- Trade debts +€18,790
up €18,790 (+170.9%), from €10,994 to €29,785
- Gross operating margin -€27,203
down €27,203 (-12.0%), from €226,837 to €199,634
- Financial income +€9,994
up €9,994 (+332.8%), from €3,003 to €12,997
- Financial charges -€7,564
down €7,564 (-11.7%), from €64,861 to €57,297
- Depreciation +€3,734
up €3,734 (+5.0%), from €74,669 to €78,403
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 | €1,706,126 | €1,587,151 | -€118,974 | -7.0% |
| Fixed assets | 21/28 | €1,109,070 | €1,224,563 | +€115,493 | +10.4% |
| Tangible fixed assets | 22/27 | €1,109,070 | €1,224,563 | +€115,493 | +10.4% |
| Land and buildings | 22 | €1,109,070 | €1,224,563 | +€115,493 | +10.4% |
| Current assets | 29/58 | €597,056 | €362,588 | -€234,467 | -39.3% |
| Amounts receivable within one year | 40/41 | €168,014 | €23,240 | -€144,774 | -86.2% |
| Trade receivables | 40 | €2,114 | €16,638 | +€14,524 | +687.2% |
| Other amounts receivable | 41 | €165,901 | €6,602 | -€159,298 | -96.0% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €178,104 | €338,404 | +€160,300 | +90.0% |
| Deferred charges and accrued income | 490/1 | €938 | €945 | +€7 | +0.8% |
| Total equity and liabilities | 10/49 | €1,706,126 | €1,587,151 | -€118,974 | -7.0% |
| Equity | 10/15 | -€223,379 | -€184,114 | +€39,266 | +17.6% |
| Contributions | 10/11 | €780,000 | €780,000 | = | 0.0% |
| Capital | 10 | €780,000 | €780,000 | = | 0.0% |
| Issued capital | 100 | €780,000 | €780,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,003,379 | -€964,114 | +€39,266 | +3.9% |
| Amounts payable | 17/49 | €1,929,505 | €1,771,265 | -€158,240 | -8.2% |
| Amounts payable after more than one year | 17 | €1,717,582 | €1,690,343 | -€27,238 | -1.6% |
| Financial debts | 170/4 | €1,717,582 | €1,690,343 | -€27,238 | -1.6% |
| Amounts payable within one year | 42/48 | €169,858 | €80,521 | -€89,337 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €26,747 | €29,486 | +€2,739 | +10.2% |
| Trade debts | 44 | €10,994 | €29,785 | +€18,790 | +170.9% |
| Suppliers | 440/4 | €10,994 | €29,785 | +€18,790 | +170.9% |
| Taxes, remuneration and social security | 45 | €25,367 | €15,750 | -€9,617 | -37.9% |
| Taxes | 450/3 | €25,367 | €15,750 | -€9,617 | -37.9% |
| Other amounts payable | 47/48 | €106,750 | €5,500 | -€101,250 | -94.8% |
| Accrued charges and deferred income | 492/3 | €42,066 | €401 | -€41,665 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,669 | €78,403 | +€3,734 | +5.0% |
| Other operating charges | 640/8 | €36,597 | €37,666 | +€1,069 | +2.9% |
| Gross operating margin | 9900 | €226,837 | €199,634 | -€27,203 | -12.0% |
| Operating profit (loss) | 9901 | €115,571 | €83,566 | -€32,006 | -27.7% |
| Financial income | 75/76B | €3,003 | €12,997 | +€9,994 | +332.8% |
| Recurring financial income | 75 | €3,003 | €12,997 | +€9,994 | +332.8% |
| Financial charges | 65/66B | €64,861 | €57,297 | -€7,564 | -11.7% |
| Recurring financial charges | 65 | €64,861 | €57,297 | -€7,564 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €53,713 | €39,266 | -€14,447 | -26.9% |
| Profit (loss) for the period | 9904 | €53,713 | €39,266 | -€14,447 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,713 | €39,266 | -€14,447 | -26.9% |
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 29 September 2026 via checked.be.