SiZo: 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.
SiZo
Largest movements
- Financial fixed assets -€214,212
down €214,212 (-91.1%), from €235,153 to €20,940
- Receivables within one year -€95,000
down €95,000 (-97.4%), from €97,500 to €2,500
- Cash +€42,810
up €42,810 (+1202.0%), from €3,562 to €46,372
mainly Investment in fixed assets (net) (+€214,212) and Receivables within one year (+€95,000)
- Tangible fixed assets -€12,344
down €12,344 (-2.4%), from €516,474 to €504,130
- Other debts -€165,111
down €165,111 (-84.3%), from €195,749 to €30,638
- Profit (loss) carried forward -€107,920
down €107,920, from €101,627 to -€6,292
- Financial charges +€211,531
up €211,531 (+1783.9%), from €11,858 to €223,389
of which Non-recurring financial charges: +€214,212
- Financial income +€5,022
up €5,022 (+5.3%), from €95,000 to €100,022
- Gross operating margin -€3,636
down €3,636 (-11.4%), from €32,011 to €28,374
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.
Cash bridge derived
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 | €852,688 | €573,942 | -€278,746 | -32.7% |
| Fixed assets | 21/28 | €751,627 | €525,070 | -€226,557 | -30.1% |
| Tangible fixed assets | 22/27 | €516,474 | €504,130 | -€12,344 | -2.4% |
| Land and buildings | 22 | €516,474 | €504,130 | -€12,344 | -2.4% |
| Financial fixed assets | 28 | €235,153 | €20,940 | -€214,212 | -91.1% |
| Current assets | 29/58 | €101,062 | €48,872 | -€52,190 | -51.6% |
| Amounts receivable within one year | 40/41 | €97,500 | €2,500 | -€95,000 | -97.4% |
| Other amounts receivable | 41 | €97,500 | €2,500 | -€95,000 | -97.4% |
| Cash at bank and in hand | 54/58 | €3,562 | €46,372 | +€42,810 | +1202.0% |
| Total equity and liabilities | 10/49 | €852,688 | €573,942 | -€278,746 | -32.7% |
| Equity | 10/15 | €373,627 | €265,708 | -€107,920 | -28.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €252,000 | €252,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,627 | -€6,292 | -€107,920 | |
| Amounts payable | 17/49 | €479,061 | €308,234 | -€170,827 | -35.7% |
| Amounts payable after more than one year | 17 | €275,994 | €269,202 | -€6,792 | -2.5% |
| Financial debts | 170/4 | €275,994 | €269,202 | -€6,792 | -2.5% |
| Amounts payable within one year | 42/48 | €203,068 | €39,032 | -€164,035 | -80.8% |
| Current portion of amounts payable after more than one year | 42 | €6,601 | €6,792 | +€191 | +2.9% |
| Trade debts | 44 | €387 | €410 | +€23 | +6.0% |
| Suppliers | 440/4 | €387 | €410 | +€23 | +6.0% |
| Taxes, remuneration and social security | 45 | €332 | €1,193 | +€861 | +259.8% |
| Taxes | 450/3 | €332 | €1,193 | +€861 | +259.8% |
| Other amounts payable | 47/48 | €195,749 | €30,638 | -€165,111 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,309 | €12,344 | +€35 | +0.3% |
| Other operating charges | 640/8 | €494 | €583 | +€89 | +18.1% |
| Gross operating margin | 9900 | €32,011 | €28,374 | -€3,636 | -11.4% |
| Operating profit (loss) | 9901 | €19,208 | €15,447 | -€3,761 | -19.6% |
| Financial income | 75/76B | €95,000 | €100,022 | +€5,022 | +5.3% |
| Recurring financial income | 75 | €95,000 | €100,022 | +€5,022 | +5.3% |
| Financial charges | 65/66B | €11,858 | €223,389 | +€211,531 | +1783.9% |
| Recurring financial charges | 65 | €11,858 | €9,176 | -€2,682 | -22.6% |
| Non-recurring financial charges | 66B | - | €214,212 | +€214,212 | |
| Profit (loss) for the period before taxes | 9903 | €102,350 | -€107,920 | -€210,270 | |
| Profit (loss) for the period | 9904 | €102,350 | -€107,920 | -€210,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,350 | -€107,920 | -€210,270 |
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 10 October 2026 via checked.be.