SIVA-TRANS: 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.
SIVA-TRANS
Largest movements
- Tangible fixed assets +€91,020
up €91,020 (+63.3%), from €143,738 to €234,758
of which Furniture and vehicles: +€101,951
- Cash +€54,268
up €54,268 (+37.6%), from €144,331 to €198,599
mainly Other debts (+€70,307) and Debts after one year (+€53,339)
- Receivables within one year -€52,754
down €52,754 (-51.8%), from €101,760 to €49,006
of which Trade receivables: -€63,173
- Other debts +€70,307
up €70,307 (+67.7%), from €103,809 to €174,116
- Debts after one year +€53,339
up €53,339 (+74.2%), from €71,914 to €125,252
- Reserves -€48,510
down €48,510 (-40.8%), from €118,896 to €70,386
- Current portion of long-term debt +€29,553
up €29,553 (+60.2%), from €49,110 to €78,663
- Trade debts -€8,807
down €8,807 (-77.5%), from €11,363 to €2,557
- Gross operating margin -€78,601
down €78,601 (-51.2%), from €153,416 to €74,815
- Depreciation -€20,987
down €20,987 (-31.6%), from €66,516 to €45,528
- Staff costs -€19,039
down €19,039 (-100%), from €19,039 to €0
- Taxes -€13,388
down €13,388 (-89.9%), from €14,891 to €1,504
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 | €394,440 | €485,684 | +€91,244 | +23.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €144,008 | €234,893 | +€90,885 | +63.1% |
| Tangible fixed assets | 22/27 | €143,738 | €234,758 | +€91,020 | +63.3% |
| Plant, machinery and equipment | 23 | €426 | €126 | -€300 | -70.5% |
| Furniture and vehicles | 24 | €125,341 | €227,292 | +€101,951 | +81.3% |
| Leasing and similar rights | 25 | €17,971 | €7,340 | -€10,631 | -59.2% |
| Financial fixed assets | 28 | €270 | €135 | -€135 | -50.0% |
| Current assets | 29/58 | €250,432 | €250,791 | +€359 | +0.1% |
| Amounts receivable within one year | 40/41 | €101,760 | €49,006 | -€52,754 | -51.8% |
| Trade receivables | 40 | €101,322 | €38,149 | -€63,173 | -62.3% |
| Other amounts receivable | 41 | €438 | €10,857 | +€10,419 | +2,377% |
| Cash at bank and in hand | 54/58 | €144,331 | €198,599 | +€54,268 | +37.6% |
| Deferred charges and accrued income | 490/1 | €4,340 | €3,185 | -€1,155 | -26.6% |
| Total equity and liabilities | 10/49 | €394,440 | €485,684 | +€91,244 | +23.1% |
| Equity | 10/15 | €146,496 | €94,786 | -€51,710 | -35.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,896 | €70,386 | -€48,510 | -40.8% |
| Distributable reserves | 133 | €118,896 | €70,386 | -€48,510 | -40.8% |
| Investment grants | 15 | €7,600 | €4,400 | -€3,200 | -42.1% |
| Amounts payable | 17/49 | €247,944 | €390,898 | +€142,954 | +57.7% |
| Amounts payable after more than one year | 17 | €71,914 | €125,252 | +€53,339 | +74.2% |
| Financial debts | 170/4 | €71,914 | €125,252 | +€53,339 | +74.2% |
| Amounts payable within one year | 42/48 | €176,031 | €265,646 | +€89,615 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €49,110 | €78,663 | +€29,553 | +60.2% |
| Financial debts | 43 | €3,050 | €3,035 | -€15 | -0.5% |
| Other loans | 439 | €3,050 | €3,035 | -€15 | -0.5% |
| Trade debts | 44 | €11,363 | €2,557 | -€8,807 | -77.5% |
| Suppliers | 440/4 | €11,363 | €2,557 | -€8,807 | -77.5% |
| Taxes, remuneration and social security | 45 | €8,699 | €7,276 | -€1,423 | -16.4% |
| Taxes | 450/3 | €7,229 | €3,737 | -€3,492 | -48.3% |
| Remuneration and social security | 454/9 | €1,470 | €3,539 | +€2,069 | +141% |
| Other amounts payable | 47/48 | €103,809 | €174,116 | +€70,307 | +67.7% |
| Non-recurring operating income | 76A | €33,117 | €23,068 | -€10,049 | -30.3% |
| Remuneration, social security and pensions | 62 | €19,039 | €0 | -€19,039 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,516 | €45,528 | -€20,987 | -31.6% |
| Other operating charges | 640/8 | €1,633 | €1,499 | -€134 | -8.2% |
| Gross operating margin | 9900 | €153,416 | €74,815 | -€78,601 | -51.2% |
| Operating profit (loss) | 9901 | €66,229 | €27,788 | -€38,441 | -58.0% |
| Financial income | 75/76B | €3,200 | €3,200 | = | 0.0% |
| Recurring financial income | 75 | €3,200 | €3,200 | = | 0.0% |
| Financial charges | 65/66B | €15,296 | €14,444 | -€851 | -5.6% |
| Recurring financial charges | 65 | €15,296 | €14,444 | -€851 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €54,133 | €16,543 | -€37,590 | -69.4% |
| Income taxes | 67/77 | €14,891 | €1,504 | -€13,388 | -89.9% |
| Profit (loss) for the period | 9904 | €39,242 | €15,039 | -€24,202 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,242 | €15,039 | -€24,202 | -61.7% |
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 20 October 2026 via checked.be.