Sizzo: 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.
Sizzo
Largest movements
- Cash +€46,830
up €46,830 (+45.5%), from €102,826 to €149,656
mainly Net result for the year (+€45,826) and Tax, wage and social debts (+€14,487)
- Receivables within one year -€14,254
down €14,254 (-81.9%), from €17,404 to €3,150
of which Trade receivables: -€10,688
- Reserves +€44,993
up €44,993 (+17.8%), from €252,300 to €297,293
- Debts after one year -€21,560
down €21,560 (-16.3%), from €132,673 to €111,113
- Tax, wage and social debts +€14,487
up €14,487 (+212%), from €6,830 to €21,317
of which Taxes: +€11,650
- Trade debts -€6,975
down €6,975 (-45.2%), from €15,421 to €8,446
- Gross operating margin +€28,852
up €28,852 (+28.8%), from €100,098 to €128,950
- Staff costs +€11,194
up €11,194 (+40.2%), from €27,823 to €39,017
- Taxes +€5,654
up €5,654 (+33.8%), from €16,740 to €22,394
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 | €466,531 | €497,998 | +€31,467 | +6.7% |
| Fixed assets | 21/28 | €344,037 | €343,125 | -€912 | -0.3% |
| Tangible fixed assets | 22/27 | €344,037 | €343,125 | -€912 | -0.3% |
| Land and buildings | 22 | €342,513 | €332,511 | -€10,002 | -2.9% |
| Furniture and vehicles | 24 | €1,525 | €338 | -€1,187 | -77.8% |
| Other tangible fixed assets | 26 | - | €10,276 | +€10,276 | |
| Current assets | 29/58 | €122,494 | €154,873 | +€32,379 | +26.4% |
| Amounts receivable within one year | 40/41 | €17,404 | €3,150 | -€14,254 | -81.9% |
| Trade receivables | 40 | €13,838 | €3,150 | -€10,688 | -77.2% |
| Other amounts receivable | 41 | €3,566 | - | -€3,566 | |
| Cash at bank and in hand | 54/58 | €102,826 | €149,656 | +€46,830 | +45.5% |
| Deferred charges and accrued income | 490/1 | €2,265 | €2,067 | -€197 | -8.7% |
| Total equity and liabilities | 10/49 | €466,531 | €497,998 | +€31,467 | +6.7% |
| Equity | 10/15 | €274,300 | €319,293 | +€44,993 | +16.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €252,300 | €297,293 | +€44,993 | +17.8% |
| Distributable reserves | 133 | €252,300 | €297,293 | +€44,993 | +17.8% |
| Amounts payable | 17/49 | €192,231 | €178,705 | -€13,527 | -7.0% |
| Amounts payable after more than one year | 17 | €132,673 | €111,113 | -€21,560 | -16.3% |
| Financial debts | 170/4 | €132,673 | €111,113 | -€21,560 | -16.3% |
| Amounts payable within one year | 42/48 | €59,558 | €67,592 | +€8,034 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €36,407 | €36,671 | +€264 | +0.7% |
| Trade debts | 44 | €15,421 | €8,446 | -€6,975 | -45.2% |
| Suppliers | 440/4 | €15,421 | €8,446 | -€6,975 | -45.2% |
| Taxes, remuneration and social security | 45 | €6,830 | €21,317 | +€14,487 | +212% |
| Taxes | 450/3 | €2,529 | €14,179 | +€11,650 | +461% |
| Remuneration and social security | 454/9 | €4,301 | €7,138 | +€2,837 | +66.0% |
| Other amounts payable | 47/48 | €900 | €1,158 | +€258 | +28.6% |
| Remuneration, social security and pensions | 62 | €27,823 | €39,017 | +€11,194 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,012 | €13,057 | +€1,045 | +8.7% |
| Other operating charges | 640/8 | €2,412 | €2,587 | +€175 | +7.2% |
| Gross operating margin | 9900 | €100,098 | €128,950 | +€28,852 | +28.8% |
| Operating profit (loss) | 9901 | €57,851 | €74,289 | +€16,439 | +28.4% |
| Financial income | 75/76B | €470 | €1,282 | +€812 | +173% |
| Recurring financial income | 75 | €470 | €1,282 | +€812 | +173% |
| Financial charges | 65/66B | €7,077 | €7,351 | +€275 | +3.9% |
| Recurring financial charges | 65 | €7,077 | €7,351 | +€275 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €51,244 | €68,220 | +€16,976 | +33.1% |
| Income taxes | 67/77 | €16,740 | €22,394 | +€5,654 | +33.8% |
| Profit (loss) for the period | 9904 | €34,504 | €45,826 | +€11,322 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,504 | €45,826 | +€11,322 | +32.8% |
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.