GROUP SIU: 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.
GROUP SIU
Largest movements
- Tangible fixed assets -€134,915
down €134,915 (-17.9%), from €753,874 to €618,960
of which Land and buildings: -€74,026
- Stocks and contracts -€18,000
down €18,000 (-78.3%), from €23,000 to €5,000
- Receivables within one year +€12,322
up €12,322 (+103%), from €11,936 to €24,258
of which Trade receivables: +€19,894
- Cash -€8,800
down €8,800 (-31.6%), from €27,851 to €19,051
mainly Debts after one year (-€98,739) and Tax, wage and social debts (-€42,860)
- Debts after one year -€98,739
down €98,739 (-14.4%), from €687,657 to €588,918
- Tax, wage and social debts -€42,860
down €42,860 (-72.2%), from €59,380 to €16,519
of which Remuneration and social security: -€28,162
- Profit (loss) carried forward +€34,279
up €34,279 (+43.3%), from -€79,127 to -€44,847
- Short-term financial debts -€28,107
down €28,107 (-89.4%), from €31,456 to €3,349
- Current portion of long-term debt -€22,706
down €22,706 (-34.2%), from €66,401 to €43,695
- Turnover +€343,198
new in 2025: €343,198
- Purchases and services +€196,877
new in 2025: €196,877
- Staff costs -€84,525
down €84,525 (-69.2%), from €122,167 to €37,642
- Gross operating margin -€69,313
down €69,313 (-31.0%), from €223,682 to €154,369
- Depreciation -€11,953
down €11,953 (-19.0%), from €62,857 to €50,904
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 | €827,883 | €673,432 | -€154,452 | -18.7% |
| Formation expenses | 20 | €3,350 | €2,233 | -€1,117 | -33.3% |
| Fixed assets | 21/28 | €756,048 | €620,742 | -€135,306 | -17.9% |
| Intangible fixed assets | 21 | €1,174 | €783 | -€391 | -33.3% |
| Tangible fixed assets | 22/27 | €753,874 | €618,960 | -€134,915 | -17.9% |
| Land and buildings | 22 | €633,459 | €559,433 | -€74,026 | -11.7% |
| Plant, machinery and equipment | 23 | €98,769 | €58,640 | -€40,129 | -40.6% |
| Furniture and vehicles | 24 | €9,324 | €0 | -€9,324 | -100% |
| Leasing and similar rights | 25 | €12,323 | €887 | -€11,436 | -92.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €68,485 | €50,456 | -€18,029 | -26.3% |
| Stocks and contracts in progress | 3 | €23,000 | €5,000 | -€18,000 | -78.3% |
| Stocks | 30/36 | €23,000 | €5,000 | -€18,000 | -78.3% |
| Amounts receivable within one year | 40/41 | €11,936 | €24,258 | +€12,322 | +103% |
| Trade receivables | 40 | €4,080 | €23,975 | +€19,894 | +488% |
| Other amounts receivable | 41 | €7,855 | €283 | -€7,572 | -96.4% |
| Cash at bank and in hand | 54/58 | €27,851 | €19,051 | -€8,800 | -31.6% |
| Deferred charges and accrued income | 490/1 | €5,698 | €2,147 | -€3,551 | -62.3% |
| Total equity and liabilities | 10/49 | €827,883 | €673,432 | -€154,452 | -18.7% |
| Equity | 10/15 | -€56,736 | -€22,923 | +€33,813 | +59.6% |
| Contributions | 10/11 | €9,800 | €9,596 | -€204 | -2.1% |
| Reserves | 13 | €12,591 | €12,329 | -€262 | -2.1% |
| Distributable reserves | 133 | €12,591 | €12,329 | -€262 | -2.1% |
| Profit (loss) carried forward | 14 | -€79,127 | -€44,847 | +€34,279 | +43.3% |
| Amounts payable | 17/49 | €884,619 | €696,354 | -€188,265 | -21.3% |
| Amounts payable after more than one year | 17 | €687,657 | €588,918 | -€98,739 | -14.4% |
| Financial debts | 170/4 | €687,657 | €588,918 | -€98,739 | -14.4% |
| Amounts payable within one year | 42/48 | €196,962 | €107,436 | -€89,526 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €66,401 | €43,695 | -€22,706 | -34.2% |
| Financial debts | 43 | €31,456 | €3,349 | -€28,107 | -89.4% |
| Credit institutions | 430/8 | €31,456 | €3,349 | -€28,107 | -89.4% |
| Trade debts | 44 | €30,725 | €16,740 | -€13,986 | -45.5% |
| Suppliers | 440/4 | €30,725 | €16,740 | -€13,986 | -45.5% |
| Taxes, remuneration and social security | 45 | €59,380 | €16,519 | -€42,860 | -72.2% |
| Taxes | 450/3 | €26,663 | €11,964 | -€14,699 | -55.1% |
| Remuneration and social security | 454/9 | €32,717 | €4,555 | -€28,162 | -86.1% |
| Other amounts payable | 47/48 | €9,000 | €27,134 | +€18,134 | +201% |
| Turnover | 70 | - | €343,198 | +€343,198 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €196,877 | +€196,877 | |
| Remuneration, social security and pensions | 62 | €122,167 | €37,642 | -€84,525 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,857 | €50,904 | -€11,953 | -19.0% |
| Other operating charges | 640/8 | €7,998 | €4,608 | -€3,390 | -42.4% |
| Gross operating margin | 9900 | €223,682 | €154,369 | -€69,313 | -31.0% |
| Operating profit (loss) | 9901 | €30,661 | €61,216 | +€30,555 | +99.7% |
| Financial income | 75/76B | €1,406 | €8 | -€1,398 | -99.5% |
| Recurring financial income | 75 | €1,406 | €8 | -€1,398 | -99.5% |
| Financial charges | 65/66B | €34,610 | €28,337 | -€6,273 | -18.1% |
| Recurring financial charges | 65 | €34,610 | €28,337 | -€6,273 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,544 | €32,886 | +€35,430 | |
| Income taxes | 67/77 | €627 | €241 | -€387 | -61.6% |
| Profit (loss) for the period | 9904 | -€3,172 | €32,645 | +€35,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,172 | €32,645 | +€35,817 |
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 16 October 2026 via checked.be.