Sisyphos: 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.
Sisyphos
Largest movements
- Cash +€33,147
up €33,147 (+73.6%), from €45,032 to €78,179
mainly Other debts (+€76,832) and Net result for the year (+€36,550)
- Receivables within one year -€2,400
down €2,400 (-9.1%), from €26,260 to €23,860
of which Trade receivables: -€2,934
- Tangible fixed assets -€1,881
down €1,881 (-44.8%), from €4,197 to €2,316
of which Furniture and vehicles: -€1,363
- Other debts +€76,832
up €76,832 (+2,551%), from €3,011 to €79,843
- Profit (loss) carried forward -€49,450
down €49,450 (-98.3%), from €50,322 to €873
- Trade debts +€2,474
up €2,474 (+195%), from €1,267 to €3,741
- Gross operating margin -€12,613
down €12,613 (-19.5%), from €64,630 to €52,017
- Taxes -€2,527
down €2,527 (-20.1%), from €12,540 to €10,014
- Financial charges +€1,136
up €1,136 (+44.0%), from €2,583 to €3,719
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 | €77,824 | €106,757 | +€28,933 | +37.2% |
| Fixed assets | 21/28 | €4,197 | €2,316 | -€1,881 | -44.8% |
| Tangible fixed assets | 22/27 | €4,197 | €2,316 | -€1,881 | -44.8% |
| Furniture and vehicles | 24 | €2,774 | €1,411 | -€1,363 | -49.1% |
| Other tangible fixed assets | 26 | €1,423 | €905 | -€518 | -36.4% |
| Current assets | 29/58 | €73,627 | €104,441 | +€30,814 | +41.9% |
| Amounts receivable within one year | 40/41 | €26,260 | €23,860 | -€2,400 | -9.1% |
| Trade receivables | 40 | €24,230 | €21,296 | -€2,934 | -12.1% |
| Other amounts receivable | 41 | €2,031 | €2,564 | +€533 | +26.3% |
| Cash at bank and in hand | 54/58 | €45,032 | €78,179 | +€33,147 | +73.6% |
| Deferred charges and accrued income | 490/1 | €2,335 | €2,402 | +€67 | +2.9% |
| Total equity and liabilities | 10/49 | €77,824 | €106,757 | +€28,933 | +37.2% |
| Equity | 10/15 | €68,922 | €19,473 | -€49,450 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,322 | €873 | -€49,450 | -98.3% |
| Amounts payable | 17/49 | €8,902 | €87,284 | +€78,383 | +881% |
| Amounts payable within one year | 42/48 | €8,902 | €87,284 | +€78,383 | +881% |
| Trade debts | 44 | €1,267 | €3,741 | +€2,474 | +195% |
| Suppliers | 440/4 | €1,267 | €3,741 | +€2,474 | +195% |
| Taxes, remuneration and social security | 45 | €4,623 | €3,700 | -€923 | -20.0% |
| Taxes | 450/3 | €4,623 | €3,700 | -€923 | -20.0% |
| Other amounts payable | 47/48 | €3,011 | €79,843 | +€76,832 | +2,551% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €1,881 | = | 0.0% |
| Other operating charges | 640/8 | €331 | €120 | -€211 | -63.7% |
| Gross operating margin | 9900 | €64,630 | €52,017 | -€12,613 | -19.5% |
| Operating profit (loss) | 9901 | €62,418 | €50,015 | -€12,403 | -19.9% |
| Financial income | 75/76B | €127 | €267 | +€141 | +111% |
| Recurring financial income | 75 | €127 | €267 | +€141 | +111% |
| Financial charges | 65/66B | €2,583 | €3,719 | +€1,136 | +44.0% |
| Recurring financial charges | 65 | €2,583 | €3,719 | +€1,136 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €59,962 | €46,564 | -€13,398 | -22.3% |
| Income taxes | 67/77 | €12,540 | €10,014 | -€2,527 | -20.1% |
| Profit (loss) for the period | 9904 | €47,422 | €36,550 | -€10,872 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,422 | €36,550 | -€10,872 | -22.9% |
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.