SIVECO BENELUX: what changed
What changed
SIVECO BENELUX
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€154,773
2024 · €138,237+€16,535
Equity
€747,224
2024 · €842,452-€95,227
Cash
€136,425
2024 · €1.5m-€1.4m
Balance sheet total
€1.5m
2024 · €1.9m-€449,628
Largest movements
Assets
- Cash -€1.4m
down €1.4m (-90.8%), from €1.5m to €136,425
mainly Current investments (-€727,985) and Other debts (-€333,995)
- Current investments +€727,985
new in 2025: €727,985
- Receivables within one year +€186,110
up €186,110 (+45.1%), from €412,691 to €598,801
Equity and liabilities
- Other debts -€333,995
down €333,995 (-54.3%), from €614,862 to €280,867
- Profit (loss) carried forward -€125,227
down €125,227 (-98.7%), from €126,852 to €1,624
- Trade debts +€114,024
up €114,024 (+66.5%), from €171,446 to €285,469
- Tax, wage and social debts -€112,235
down €112,235 (-56.1%), from €199,903 to €87,668
of which Taxes: -€108,675
- Reserves +€30,000
up €30,000 (+5.8%), from €519,600 to €549,600
of which Distributable reserves: +€30,000
Income statement
- Gross operating margin +€110,246
up €110,246 (+23.0%), from €478,520 to €588,766
- Staff costs +€88,669
up €88,669 (+31.7%), from €279,338 to €368,007
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.
Result 2024
€138,237
Gross operating margin
+€110,246
Staff costs
-€88,669
Depreciation
+€2,789
Write-downs
-€1,588
Other operating charges
-€331
Financial income
-€1,687
Financial charges
-€2,257
Taxes
-€1,967
Result 2025
€154,773
raises the resultlowers the result
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.
From operations
-€373,649
Investment
-€728,235
Financing
-€250,000
Cash 2024
€1.5m
From operations (derived)
-€373,649
Net result for the year
+€154,773
Depreciation
+€1,162
Receivables within one year
-€186,110
Deferred charges and accrued income
+€10,927
Trade debts
+€114,024
Tax, wage and social debts
-€112,235
Other debts
-€333,995
Accrued charges and deferred income
-€22,195
Investment (derived)
-€728,235
Investment in fixed assets (net)
-€250
Current investments
-€727,985
Financing
-€250,000
Contributions, distributions and other
-€250,000
Cash 2025
€136,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,926,024 | €1,476,395 | -€449,628 | -23.3% |
| Fixed assets | 21/28 | €5,888 | €4,976 | -€912 | -15.5% |
| Tangible fixed assets | 22/27 | €5,888 | €4,726 | -€1,162 | -19.7% |
| Furniture and vehicles | 24 | €2,195 | €1,777 | -€418 | -19.0% |
| Other tangible fixed assets | 26 | €3,693 | €2,948 | -€744 | -20.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €1,920,136 | €1,471,420 | -€448,716 | -23.4% |
| Amounts receivable within one year | 40/41 | €412,691 | €598,801 | +€186,110 | +45.1% |
| Trade receivables | 40 | €412,691 | €598,801 | +€186,110 | +45.1% |
| Current investments | 50/53 | - | €727,985 | +€727,985 | |
| Cash at bank and in hand | 54/58 | €1,488,309 | €136,425 | -€1.4m | -90.8% |
| Deferred charges and accrued income | 490/1 | €19,136 | €8,209 | -€10,927 | -57.1% |
| Total equity and liabilities | 10/49 | €1,926,024 | €1,476,395 | -€449,628 | -23.3% |
| Equity | 10/15 | €842,452 | €747,224 | -€95,227 | -11.3% |
| Contributions | 10/11 | €196,000 | €196,000 | = | 0.0% |
| Capital | 10 | €196,000 | €196,000 | = | 0.0% |
| Issued capital | 100 | €196,000 | €196,000 | = | 0.0% |
| Reserves | 13 | €519,600 | €549,600 | +€30,000 | +5.8% |
| Non-distributable reserves | 130/1 | €19,600 | €19,600 | = | 0.0% |
| Legal reserve | 130 | €19,600 | €19,600 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €530,000 | +€30,000 | +6.0% |
| Profit (loss) carried forward | 14 | €126,852 | €1,624 | -€125,227 | -98.7% |
| Amounts payable | 17/49 | €1,083,572 | €729,171 | -€354,401 | -32.7% |
| Amounts payable within one year | 42/48 | €986,210 | €654,004 | -€332,206 | -33.7% |
| Trade debts | 44 | €171,446 | €285,469 | +€114,024 | +66.5% |
| Suppliers | 440/4 | €171,446 | €285,469 | +€114,024 | +66.5% |
| Taxes, remuneration and social security | 45 | €199,903 | €87,668 | -€112,235 | -56.1% |
| Taxes | 450/3 | €147,935 | €39,259 | -€108,675 | -73.5% |
| Remuneration and social security | 454/9 | €51,968 | €48,409 | -€3,559 | -6.8% |
| Other amounts payable | 47/48 | €614,862 | €280,867 | -€333,995 | -54.3% |
| Accrued charges and deferred income | 492/3 | €97,362 | €75,167 | -€22,195 | -22.8% |
| Remuneration, social security and pensions | 62 | €279,338 | €368,007 | +€88,669 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,951 | €1,162 | -€2,789 | -70.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,726 | €3,314 | +€1,588 | +92.0% |
| Other operating charges | 640/8 | €1,043 | €1,373 | +€331 | +31.7% |
| Gross operating margin | 9900 | €478,520 | €588,766 | +€110,246 | +23.0% |
| Operating profit (loss) | 9901 | €192,462 | €214,909 | +€22,447 | +11.7% |
| Financial income | 75/76B | €6,499 | €4,811 | -€1,687 | -26.0% |
| Recurring financial income | 75 | €6,499 | €4,811 | -€1,687 | -26.0% |
| Financial charges | 65/66B | €5,466 | €7,723 | +€2,257 | +41.3% |
| Recurring financial charges | 65 | €5,466 | €7,723 | +€2,257 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €193,495 | €211,997 | +€18,503 | +9.6% |
| Income taxes | 67/77 | €55,258 | €57,225 | +€1,967 | +3.6% |
| Profit (loss) for the period | 9904 | €138,237 | €154,773 | +€16,535 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €138,237 | €154,773 | +€16,535 | +12.0% |
Next steps
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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 4 November 2026 via checked.be.