Sipedic: what changed
What changed
Sipedic
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€559,371
2024 · -€671,304+€111,933
Equity
-€9.2m
2024 · -€8.6m-€559,371
Cash
-
not filed
Balance sheet total
€2.4m
2024 · €2.4m-€29,107
Largest movements
Assets
- Tangible fixed assets -€32,226
down €32,226 (-1.4%), from €2.4m to €2.4m
Equity and liabilities
- Other debts +€543,074
up €543,074 (+5.0%), from €10.9m to €11.4m
- Profit (loss) carried forward -€527,468
down €527,468 (-4.8%), from -€11.0m to -€11.5m
- Revaluation surpluses -€31,903
down €31,903 (-1.4%), from €2.3m to €2.2m
Income statement
- Gross operating margin +€103,804
up €103,804 (+45.6%), from -€227,827 to -€124,023
- Financial charges -€8,111
down €8,111 (-2.1%), from €395,178 to €387,067
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
-€671,304
Gross operating margin
+€103,804
Other operating charges
+€25
Financial income
-€7
Financial charges
+€8,111
Result 2025
-€559,371
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,387,199 | €2,358,092 | -€29,107 | -1.2% |
| Fixed assets | 21/28 | €2,386,594 | €2,354,368 | -€32,226 | -1.4% |
| Tangible fixed assets | 22/27 | €2,386,594 | €2,354,368 | -€32,226 | -1.4% |
| Land and buildings | 22 | €2,386,594 | €2,354,368 | -€32,226 | -1.4% |
| Current assets | 29/58 | €605 | €3,723 | +€3,119 | +516% |
| Amounts receivable within one year | 40/41 | €605 | €3,723 | +€3,119 | +516% |
| Other amounts receivable | 41 | €605 | €3,723 | +€3,119 | +516% |
| Total equity and liabilities | 10/49 | €2,387,199 | €2,358,092 | -€29,107 | -1.2% |
| Equity | 10/15 | -€8,641,818 | -€9,201,189 | -€559,371 | -6.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €2,277,393 | €2,245,490 | -€31,903 | -1.4% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,001,016 | -€11,528,484 | -€527,468 | -4.8% |
| Amounts payable | 17/49 | €11,029,017 | €11,559,281 | +€530,264 | +4.8% |
| Amounts payable within one year | 42/48 | €11,029,017 | €11,559,281 | +€530,264 | +4.8% |
| Trade debts | 44 | €133,884 | €118,777 | -€15,107 | -11.3% |
| Suppliers | 440/4 | €133,884 | €118,777 | -€15,107 | -11.3% |
| Taxes, remuneration and social security | 45 | €22,210 | €24,506 | +€2,296 | +10.3% |
| Taxes | 450/3 | €22,210 | €24,506 | +€2,296 | +10.3% |
| Other amounts payable | 47/48 | €10,872,923 | €11,415,997 | +€543,074 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,226 | €32,226 | = | 0.0% |
| Other operating charges | 640/8 | €16,101 | €16,077 | -€25 | -0.2% |
| Gross operating margin | 9900 | -€227,827 | -€124,023 | +€103,804 | +45.6% |
| Operating profit (loss) | 9901 | -€276,154 | -€172,326 | +€103,829 | +37.6% |
| Financial income | 75/76B | €28 | €21 | -€7 | -24.0% |
| Recurring financial income | 75 | €28 | €21 | -€7 | -24.0% |
| Financial charges | 65/66B | €395,178 | €387,067 | -€8,111 | -2.1% |
| Recurring financial charges | 65 | €395,178 | €387,067 | -€8,111 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€671,304 | -€559,371 | +€111,933 | +16.7% |
| Profit (loss) for the period | 9904 | -€671,304 | -€559,371 | +€111,933 | +16.7% |
| Transfer from tax-exempt reserves | 789 | €31,903 | €31,903 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€639,401 | -€527,468 | +€111,933 | +17.5% |
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 8 November 2026 via checked.be.