SIVOTA: 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.
SIVOTA
Largest movements
- Cash -€91,714
down €91,714 (-40.8%), from €224,832 to €133,118
mainly Stocks and contracts (-€88,192) and Investment in fixed assets (net) (-€68,706)
- Stocks and contracts +€88,192
up €88,192 (+92.5%), from €95,295 to €183,487
- Tangible fixed assets +€34,603
up €34,603 (+71.3%), from €48,530 to €83,133
of which Leasing and similar rights: +€38,262
- Receivables within one year +€16,924
up €16,924 (+34.9%), from €48,547 to €65,471
of which Trade receivables: +€10,780
- Debts after one year +€32,645
new in 2025: €32,645
- Trade debts +€11,395
up €11,395 (+27.4%), from €41,518 to €52,913
- Other debts -€8,330
down €8,330 (-2.5%), from €331,006 to €322,676
- Profit (loss) carried forward +€5,869
up €5,869 (+24.1%), from €24,357 to €30,226
- Current portion of long-term debt +€5,617
new in 2025: €5,617
- Gross operating margin +€9,896
up €9,896 (+28.5%), from €34,780 to €44,676
- Depreciation +€2,624
up €2,624 (+8.4%), from €31,195 to €33,819
- Staff costs +€2,581
new in 2025: €2,581
- Financial charges +€661
up €661 (+50.2%), from €1,317 to €1,978
of which Financial charges: +€366
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 | €417,204 | €465,493 | +€48,289 | +11.6% |
| Fixed assets | 21/28 | €48,530 | €83,417 | +€34,887 | +71.9% |
| Tangible fixed assets | 22/27 | €48,530 | €83,133 | +€34,603 | +71.3% |
| Plant, machinery and equipment | 23 | €34,182 | €36,321 | +€2,139 | +6.3% |
| Furniture and vehicles | 24 | €14,348 | €8,550 | -€5,798 | -40.4% |
| Leasing and similar rights | 25 | - | €38,262 | +€38,262 | |
| Financial fixed assets | 28 | - | €284 | +€284 | |
| Current assets | 29/58 | €368,674 | €382,076 | +€13,402 | +3.6% |
| Stocks and contracts in progress | 3 | €95,295 | €183,487 | +€88,192 | +92.5% |
| Stocks | 30/36 | €95,295 | €183,487 | +€88,192 | +92.5% |
| Amounts receivable within one year | 40/41 | €48,547 | €65,471 | +€16,924 | +34.9% |
| Trade receivables | 40 | €5,920 | €16,700 | +€10,780 | +182% |
| Other amounts receivable | 41 | €42,627 | €48,771 | +€6,144 | +14.4% |
| Cash at bank and in hand | 54/58 | €224,832 | €133,118 | -€91,714 | -40.8% |
| Total equity and liabilities | 10/49 | €417,204 | €465,493 | +€48,289 | +11.6% |
| Equity | 10/15 | €43,192 | €49,061 | +€5,869 | +13.6% |
| Contributions | 10/11 | €18,835 | €18,835 | = | 0.0% |
| Capital | 10 | €18,835 | €18,835 | = | 0.0% |
| Issued capital | 100 | €18,835 | €18,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,357 | €30,226 | +€5,869 | +24.1% |
| Amounts payable | 17/49 | €374,012 | €416,432 | +€42,420 | +11.3% |
| Amounts payable after more than one year | 17 | - | €32,645 | +€32,645 | |
| Financial debts | 170/4 | - | €32,645 | +€32,645 | |
| Amounts payable within one year | 42/48 | €372,524 | €383,787 | +€11,263 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,617 | +€5,617 | |
| Trade debts | 44 | €41,518 | €52,913 | +€11,395 | +27.4% |
| Suppliers | 440/4 | €41,518 | €52,913 | +€11,395 | +27.4% |
| Taxes, remuneration and social security | 45 | - | €2,581 | +€2,581 | |
| Taxes | 450/3 | - | €2,581 | +€2,581 | |
| Other amounts payable | 47/48 | €331,006 | €322,676 | -€8,330 | -2.5% |
| Accrued charges and deferred income | 492/3 | €1,488 | - | -€1,488 | |
| Remuneration, social security and pensions | 62 | - | €2,581 | +€2,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,195 | €33,819 | +€2,624 | +8.4% |
| Other operating charges | 640/8 | €687 | €467 | -€220 | -32.0% |
| Gross operating margin | 9900 | €34,780 | €44,676 | +€9,896 | +28.5% |
| Operating profit (loss) | 9901 | €2,898 | €7,809 | +€4,911 | +169% |
| Financial income | 75/76B | €198 | €38 | -€160 | -80.8% |
| Recurring financial income | 75 | €198 | €38 | -€160 | -80.8% |
| Financial charges | 65/66B | €1,317 | €1,978 | +€661 | +50.2% |
| Recurring financial charges | 65 | €1,317 | €1,683 | +€366 | +27.8% |
| Non-recurring financial charges | 66B | - | €295 | +€295 | |
| Profit (loss) for the period before taxes | 9903 | €1,779 | €5,869 | +€4,090 | +230% |
| Profit (loss) for the period | 9904 | €1,779 | €5,869 | +€4,090 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €1,779 | €5,869 | +€4,090 | +230% |
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 15 October 2026 via checked.be.