SIU: 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.
SIU
Largest movements
- Cash +€111,499
up €111,499 (+144.4%), from €77,213 to €188,712
mainly Net result for the year (+€66,966) and Debts after one year (+€40,641)
- Stocks and contracts +€18,536
up €18,536 (+370.7%), from €5,000 to €23,536
- Intangible fixed assets -€14,000
down €14,000 (-20.3%), from €68,811 to €54,811
- Tangible fixed assets +€12,453
up €12,453 (+20.0%), from €62,414 to €74,867
of which Plant, machinery and equipment: +€19,034
- Reserves +€66,966
up €66,966 (+561.0%), from €11,938 to €78,904
of which Distributable reserves: +€66,966
- Debts after one year +€40,641
up €40,641, from €0 to €40,641
- Tax, wage and social debts +€19,596
up €19,596 (+107.7%), from €18,196 to €37,792
of which Taxes: +€14,790
- Accrued charges and deferred income +€10,000
new in 2024: €10,000
- Other debts -€7,378
down €7,378 (-25.9%), from €28,443 to €21,065
- Gross operating margin +€119,307
up €119,307 (+119.9%), from €99,473 to €218,780
- Staff costs +€33,700
up €33,700 (+42.8%), from €78,819 to €112,520
- Taxes +€6,720
up €6,720 (+982.2%), from €684 to €7,404
- Depreciation +€3,316
up €3,316 (+13.5%), from €24,509 to €27,825
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,778 | €360,316 | +€131,538 | +57.5% |
| Fixed assets | 21/28 | €131,229 | €129,682 | -€1,547 | -1.2% |
| Intangible fixed assets | 21 | €68,811 | €54,811 | -€14,000 | -20.3% |
| Tangible fixed assets | 22/27 | €62,414 | €74,867 | +€12,453 | +20.0% |
| Plant, machinery and equipment | 23 | €11,657 | €30,691 | +€19,034 | +163.3% |
| Furniture and vehicles | 24 | €397 | €132 | -€264 | -66.7% |
| Other tangible fixed assets | 26 | €50,360 | €44,044 | -€6,317 | -12.5% |
| Financial fixed assets | 28 | €4 | €4 | = | 0.0% |
| Current assets | 29/58 | €97,549 | €230,634 | +€133,086 | +136.4% |
| Stocks and contracts in progress | 3 | €5,000 | €23,536 | +€18,536 | +370.7% |
| Stocks | 30/36 | €5,000 | €23,536 | +€18,536 | +370.7% |
| Amounts receivable within one year | 40/41 | €9,863 | €9,538 | -€325 | -3.3% |
| Trade receivables | 40 | €3,318 | €8,567 | +€5,250 | +158.2% |
| Other amounts receivable | 41 | €6,546 | €971 | -€5,575 | -85.2% |
| Cash at bank and in hand | 54/58 | €77,213 | €188,712 | +€111,499 | +144.4% |
| Deferred charges and accrued income | 490/1 | €5,473 | €8,848 | +€3,375 | +61.7% |
| Total equity and liabilities | 10/49 | €228,778 | €360,316 | +€131,538 | +57.5% |
| Equity | 10/15 | €142,591 | €209,557 | +€66,966 | +47.0% |
| Contributions | 10/11 | €119,379 | €119,379 | = | 0.0% |
| Capital | 10 | €119,379 | €119,379 | = | 0.0% |
| Issued capital | 100 | €119,379 | €119,379 | = | 0.0% |
| Reserves | 13 | €11,938 | €78,904 | +€66,966 | +561.0% |
| Non-distributable reserves | 130/1 | €11,938 | €11,938 | = | 0.0% |
| Legal reserve | 130 | €11,938 | €11,938 | = | 0.0% |
| Distributable reserves | 133 | - | €66,966 | +€66,966 | |
| Profit (loss) carried forward | 14 | €11,274 | €11,274 | = | 0.0% |
| Amounts payable | 17/49 | €86,187 | €150,759 | +€64,572 | +74.9% |
| Amounts payable after more than one year | 17 | €0 | €40,641 | +€40,641 | |
| Financial debts | 170/4 | €0 | €40,641 | +€40,641 | |
| Amounts payable within one year | 42/48 | €86,187 | €100,118 | +€13,931 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,500 | +€500 | +6.2% |
| Trade debts | 44 | €31,547 | €32,760 | +€1,213 | +3.8% |
| Suppliers | 440/4 | €31,547 | €32,760 | +€1,213 | +3.8% |
| Taxes, remuneration and social security | 45 | €18,196 | €37,792 | +€19,596 | +107.7% |
| Taxes | 450/3 | €684 | €15,474 | +€14,790 | +2161.7% |
| Remuneration and social security | 454/9 | €17,512 | €22,318 | +€4,806 | +27.4% |
| Other amounts payable | 47/48 | €28,443 | €21,065 | -€7,378 | -25.9% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €78,819 | €112,520 | +€33,700 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,509 | €27,825 | +€3,316 | +13.5% |
| Other operating charges | 640/8 | €2,608 | €1,576 | -€1,032 | -39.6% |
| Gross operating margin | 9900 | €99,473 | €218,780 | +€119,307 | +119.9% |
| Operating profit (loss) | 9901 | -€6,463 | €76,859 | +€83,322 | |
| Financial income | 75/76B | €185 | €1,205 | +€1,020 | +549.9% |
| Recurring financial income | 75 | €185 | €1,205 | +€1,020 | +549.9% |
| Financial charges | 65/66B | €2,427 | €3,694 | +€1,267 | +52.2% |
| Recurring financial charges | 65 | €2,427 | €3,694 | +€1,267 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,705 | €74,370 | +€83,075 | |
| Income taxes | 67/77 | €684 | €7,404 | +€6,720 | +982.2% |
| Profit (loss) for the period | 9904 | -€9,389 | €66,966 | +€76,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,389 | €66,966 | +€76,355 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.