SiVa Projects: what changed
SiVa Projects
Largest movements
- Cash -€13,189
down €13,189 (-52.8%), from €24,991 to €11,803
mainly Current investments (-€11,768) and Receivables within one year (-€7,535)
- Current investments +€11,768
new in 2025: €11,768
- Receivables within one year +€7,535
new in 2025: €7,535
- Tangible fixed assets +€5,748
new in 2025: €5,748
- Deferred charges and accrued income -€783
down €783 (-43.5%), from €1,802 to €1,019
- Reserves +€11,960
up €11,960 (+85.0%), from €14,063 to €26,023
- Other debts -€698
down €698 (-23.8%), from €2,930 to €2,232
- Accrued charges and deferred income -€593
no longer reported in 2025 (was €593)
- Trade debts +€498
up €498 (+27.8%), from €1,793 to €2,291
- Gross operating margin +€5,931
up €5,931 (+52.2%), from €11,363 to €17,295
- Taxes +€1,013
up €1,013 (+34.1%), from €2,969 to €3,982
- Depreciation +€590
new in 2025: €590
- Financial income +€411
up €411 (+685,017%), from €0 to €411
- Financial charges +€264
up €264 (+98.8%), from €267 to €531
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 | €26,793 | €37,872 | +€11,079 | +41.3% |
| Fixed assets | 21/28 | - | €5,748 | +€5,748 | |
| Tangible fixed assets | 22/27 | - | €5,748 | +€5,748 | |
| Furniture and vehicles | 24 | - | €5,748 | +€5,748 | |
| Current assets | 29/58 | €26,793 | €32,124 | +€5,331 | +19.9% |
| Amounts receivable within one year | 40/41 | - | €7,535 | +€7,535 | |
| Trade receivables | 40 | - | €7,535 | +€7,535 | |
| Current investments | 50/53 | - | €11,768 | +€11,768 | |
| Cash at bank and in hand | 54/58 | €24,991 | €11,803 | -€13,189 | -52.8% |
| Deferred charges and accrued income | 490/1 | €1,802 | €1,019 | -€783 | -43.5% |
| Total equity and liabilities | 10/49 | €26,793 | €37,872 | +€11,079 | +41.3% |
| Equity | 10/15 | €14,163 | €26,123 | +€11,960 | +84.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €14,063 | €26,023 | +€11,960 | +85.0% |
| Distributable reserves | 133 | €14,063 | €26,023 | +€11,960 | +85.0% |
| Amounts payable | 17/49 | €12,630 | €11,749 | -€881 | -7.0% |
| Amounts payable within one year | 42/48 | €12,037 | €11,749 | -€288 | -2.4% |
| Trade debts | 44 | €1,793 | €2,291 | +€498 | +27.8% |
| Suppliers | 440/4 | €1,793 | €2,291 | +€498 | +27.8% |
| Taxes, remuneration and social security | 45 | €7,314 | €7,226 | -€89 | -1.2% |
| Taxes | 450/3 | €7,314 | €7,226 | -€89 | -1.2% |
| Other amounts payable | 47/48 | €2,930 | €2,232 | -€698 | -23.8% |
| Accrued charges and deferred income | 492/3 | €593 | - | -€593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €590 | +€590 | |
| Other operating charges | 640/8 | €719 | €642 | -€76 | -10.6% |
| Gross operating margin | 9900 | €11,363 | €17,295 | +€5,931 | +52.2% |
| Operating profit (loss) | 9901 | €10,645 | €16,062 | +€5,417 | +50.9% |
| Financial income | 75/76B | €0 | €411 | +€411 | +685,017% |
| Recurring financial income | 75 | €0 | €411 | +€411 | +685,017% |
| Financial charges | 65/66B | €267 | €531 | +€264 | +98.8% |
| Recurring financial charges | 65 | €267 | €531 | +€264 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | €10,378 | €15,942 | +€5,564 | +53.6% |
| Income taxes | 67/77 | €2,969 | €3,982 | +€1,013 | +34.1% |
| Profit (loss) for the period | 9904 | €7,409 | €11,960 | +€4,551 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,409 | €11,960 | +€4,551 | +61.4% |
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 2 November 2026 via checked.be.