Dr. SIEBEN G.: what changed
Two fiscal 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.
Dr. SIEBEN G.
Largest movements
- Cash -€27,196
down €27,196 (-9.7%), from €279,949 to €252,752
mainly Contributions, distributions and other (-€77,646) and Tax, wage and social debts (-€13,567)
- Deferred charges and accrued income -€7,797
down €7,797 (-96.7%), from €8,067 to €270
- Receivables within one year -€6,481
down €6,481 (-5.7%), from €113,024 to €106,543
of which Other amounts receivable: -€16,887
- Reserves -€57,706
down €57,706 (-16.9%), from €341,970 to €284,264
- Other debts +€18,141
new in 2025: €18,141
- Accrued charges and deferred income +€14,393
up €14,393 (+178.0%), from €8,085 to €22,477
- Tax, wage and social debts -€13,567
down €13,567 (-37.0%), from €36,683 to €23,116
of which Taxes: -€14,506
- Taxes -€17,416
down €17,416 (-59.5%), from €29,269 to €11,853
- Financial charges +€11,151
up €11,151 (+1074.6%), from €1,038 to €12,189
of which Non-recurring financial charges: +€11,378
- Staff costs +€7,518
up €7,518 (+20.4%), from €36,864 to €44,382
- Gross operating margin -€4,393
down €4,393 (-4.7%), from €92,707 to €88,314
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 | €405,865 | €366,757 | -€39,108 | -9.6% |
| Fixed assets | 21/28 | €4,825 | €7,192 | +€2,367 | +49.1% |
| Tangible fixed assets | 22/27 | €4,825 | €7,192 | +€2,367 | +49.1% |
| Plant, machinery and equipment | 23 | €4,825 | €7,192 | +€2,367 | +49.1% |
| Current assets | 29/58 | €401,040 | €359,565 | -€41,475 | -10.3% |
| Amounts receivable within one year | 40/41 | €113,024 | €106,543 | -€6,481 | -5.7% |
| Trade receivables | 40 | €69,928 | €80,334 | +€10,406 | +14.9% |
| Other amounts receivable | 41 | €43,096 | €26,209 | -€16,887 | -39.2% |
| Cash at bank and in hand | 54/58 | €279,949 | €252,752 | -€27,196 | -9.7% |
| Deferred charges and accrued income | 490/1 | €8,067 | €270 | -€7,797 | -96.7% |
| Total equity and liabilities | 10/49 | €405,865 | €366,757 | -€39,108 | -9.6% |
| Equity | 10/15 | €360,563 | €302,856 | -€57,706 | -16.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €341,970 | €284,264 | -€57,706 | -16.9% |
| Distributable reserves | 133 | €341,970 | €284,264 | -€57,706 | -16.9% |
| Amounts payable | 17/49 | €45,302 | €63,901 | +€18,599 | +41.1% |
| Amounts payable within one year | 42/48 | €37,217 | €41,423 | +€4,206 | +11.3% |
| Trade debts | 44 | €535 | €167 | -€368 | -68.8% |
| Suppliers | 440/4 | €535 | €167 | -€368 | -68.8% |
| Taxes, remuneration and social security | 45 | €36,683 | €23,116 | -€13,567 | -37.0% |
| Taxes | 450/3 | €31,614 | €17,108 | -€14,506 | -45.9% |
| Remuneration and social security | 454/9 | €5,069 | €6,008 | +€940 | +18.5% |
| Other amounts payable | 47/48 | - | €18,141 | +€18,141 | |
| Accrued charges and deferred income | 492/3 | €8,085 | €22,477 | +€14,393 | +178.0% |
| Remuneration, social security and pensions | 62 | €36,864 | €44,382 | +€7,518 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,991 | €2,276 | -€716 | -23.9% |
| Other operating charges | 640/8 | €331 | €221 | -€110 | -33.1% |
| Gross operating margin | 9900 | €92,707 | €88,314 | -€4,393 | -4.7% |
| Operating profit (loss) | 9901 | €52,521 | €41,435 | -€11,086 | -21.1% |
| Financial income | 75/76B | €2,958 | €2,548 | -€411 | -13.9% |
| Recurring financial income | 75 | €2,958 | €2,548 | -€411 | -13.9% |
| Financial charges | 65/66B | €1,038 | €12,189 | +€11,151 | +1074.6% |
| Recurring financial charges | 65 | €1,038 | €811 | -€227 | -21.9% |
| Non-recurring financial charges | 66B | - | €11,378 | +€11,378 | |
| Profit (loss) for the period before taxes | 9903 | €54,441 | €31,793 | -€22,648 | -41.6% |
| Income taxes | 67/77 | €29,269 | €11,853 | -€17,416 | -59.5% |
| Profit (loss) for the period | 9904 | €25,172 | €19,940 | -€5,233 | -20.8% |
| Transfer from tax-exempt reserves | 789 | €29,767 | - | -€29,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,940 | €19,940 | -€35,000 | -63.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.