SISERA: 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.
SISERA
Largest movements
- Receivables within one year -€148,684
down €148,684 (-26.8%), from €555,546 to €406,862
- Stocks and contracts +€98,000
up €98,000 (+17.1%), from €573,188 to €671,188
- Tangible fixed assets +€42,112
up €42,112 (+5.1%), from €823,387 to €865,498
of which Land and buildings: +€82,903
- Financial fixed assets -€40,000
down €40,000 (-96.7%), from €41,350 to €1,350
- Intangible fixed assets +€29,744
new in 2025: €29,744
- Trade debts +€193,154
up €193,154 (+300%), from €64,453 to €257,607
- Debts after one year -€170,631
down €170,631 (-32.5%), from €524,437 to €353,807
- Tax, wage and social debts -€50,962
down €50,962 (-33.4%), from €152,593 to €101,631
of which Taxes: -€52,536
- Advances received -€36,300
down €36,300 (-18.5%), from €196,459 to €160,159
- Other debts +€29,150
up €29,150 (+4.0%), from €737,270 to €766,420
- Gross operating margin -€73,434
down €73,434 (-24.7%), from €297,744 to €224,310
- Taxes -€22,932
down €22,932 (-93.8%), from €24,446 to €1,515
- Staff costs -€7,768
down €7,768 (-15.7%), from €49,546 to €41,778
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 | €2,032,200 | €2,029,663 | -€2,537 | -0.1% |
| Fixed assets | 21/28 | €864,737 | €896,592 | +€31,855 | +3.7% |
| Intangible fixed assets | 21 | - | €29,744 | +€29,744 | |
| Tangible fixed assets | 22/27 | €823,387 | €865,498 | +€42,112 | +5.1% |
| Land and buildings | 22 | €381,585 | €464,488 | +€82,903 | +21.7% |
| Plant, machinery and equipment | 23 | €24,191 | €24,290 | +€99 | +0.4% |
| Furniture and vehicles | 24 | €32,110 | €46,291 | +€14,181 | +44.2% |
| Other tangible fixed assets | 26 | €385,501 | €330,429 | -€55,072 | -14.3% |
| Financial fixed assets | 28 | €41,350 | €1,350 | -€40,000 | -96.7% |
| Current assets | 29/58 | €1,167,463 | €1,133,071 | -€34,392 | -2.9% |
| Stocks and contracts in progress | 3 | €573,188 | €671,188 | +€98,000 | +17.1% |
| Stocks | 30/36 | €573,188 | €671,188 | +€98,000 | +17.1% |
| Amounts receivable within one year | 40/41 | €555,546 | €406,862 | -€148,684 | -26.8% |
| Trade receivables | 40 | €555,546 | €406,862 | -€148,684 | -26.8% |
| Cash at bank and in hand | 54/58 | €34,229 | €55,020 | +€20,791 | +60.7% |
| Deferred charges and accrued income | 490/1 | €4,500 | - | -€4,500 | |
| Total equity and liabilities | 10/49 | €2,032,200 | €2,029,663 | -€2,537 | -0.1% |
| Equity | 10/15 | €108,402 | €111,066 | +€2,664 | +2.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,890 | €1,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,212 | €102,876 | +€2,664 | +2.7% |
| Amounts payable | 17/49 | €1,923,798 | €1,918,597 | -€5,201 | -0.3% |
| Amounts payable after more than one year | 17 | €524,437 | €353,807 | -€170,631 | -32.5% |
| Financial debts | 170/4 | €524,437 | €353,807 | -€170,631 | -32.5% |
| Amounts payable within one year | 42/48 | €1,399,360 | €1,564,790 | +€165,429 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €198,585 | €203,973 | +€5,387 | +2.7% |
| Financial debts | 43 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Other loans | 439 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Trade debts | 44 | €64,453 | €257,607 | +€193,154 | +300% |
| Suppliers | 440/4 | €64,453 | €257,607 | +€193,154 | +300% |
| Advances received on contracts in progress | 46 | €196,459 | €160,159 | -€36,300 | -18.5% |
| Taxes, remuneration and social security | 45 | €152,593 | €101,631 | -€50,962 | -33.4% |
| Taxes | 450/3 | €145,802 | €93,266 | -€52,536 | -36.0% |
| Remuneration and social security | 454/9 | €6,791 | €8,365 | +€1,573 | +23.2% |
| Other amounts payable | 47/48 | €737,270 | €766,420 | +€29,150 | +4.0% |
| Remuneration, social security and pensions | 62 | €49,546 | €41,778 | -€7,768 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,027 | €143,369 | +€2,341 | +1.7% |
| Other operating charges | 640/8 | €3,238 | €3,886 | +€648 | +20.0% |
| Gross operating margin | 9900 | €297,744 | €224,310 | -€73,434 | -24.7% |
| Operating profit (loss) | 9901 | €103,932 | €35,277 | -€68,655 | -66.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €31,355 | €31,099 | -€256 | -0.8% |
| Recurring financial charges | 65 | €31,355 | €31,099 | -€256 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €72,577 | €4,179 | -€68,398 | -94.2% |
| Income taxes | 67/77 | €24,446 | €1,515 | -€22,932 | -93.8% |
| Profit (loss) for the period | 9904 | €48,131 | €2,664 | -€45,467 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,131 | €2,664 | -€45,467 | -94.5% |
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 27 October 2026 via checked.be.