SIAAN: 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.
SIAAN
Largest movements
- Receivables within one year -€118,942
down €118,942 (-20.3%), from €584,781 to €465,839
of which Other amounts receivable: -€74,718
- Tangible fixed assets -€76,486
down €76,486 (-6.5%), from €1.2m to €1.1m
of which Assets under construction and advance payments: -€53,059
- Other debts -€202,091
down €202,091 (-13.2%), from €1.5m to €1.3m
- Gross operating margin +€80,174
up €80,174 (+137%), from €58,631 to €138,805
- Taxes +€56,465
new in 2024: €56,465
- Depreciation -€9,940
down €9,940 (-11.5%), from €86,425 to €76,486
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,762,735 | €1,567,579 | -€195,156 | -11.1% |
| Fixed assets | 21/28 | €1,172,659 | €1,096,173 | -€76,486 | -6.5% |
| Tangible fixed assets | 22/27 | €1,172,659 | €1,096,173 | -€76,486 | -6.5% |
| Land and buildings | 22 | €1,089,895 | €1,070,160 | -€19,735 | -1.8% |
| Plant, machinery and equipment | 23 | €908 | €499 | -€408 | -45.0% |
| Furniture and vehicles | 24 | €7,196 | €3,913 | -€3,283 | -45.6% |
| Other tangible fixed assets | 26 | €21,600 | €21,600 | = | 0.0% |
| Assets under construction and advance payments | 27 | €53,059 | - | -€53,059 | |
| Current assets | 29/58 | €590,076 | €471,406 | -€118,670 | -20.1% |
| Amounts receivable within one year | 40/41 | €584,781 | €465,839 | -€118,942 | -20.3% |
| Trade receivables | 40 | €385,928 | €341,703 | -€44,224 | -11.5% |
| Other amounts receivable | 41 | €198,853 | €124,136 | -€74,718 | -37.6% |
| Cash at bank and in hand | 54/58 | €4,445 | €1,944 | -€2,500 | -56.3% |
| Deferred charges and accrued income | 490/1 | €851 | €3,623 | +€2,772 | +326% |
| Total equity and liabilities | 10/49 | €1,762,735 | €1,567,579 | -€195,156 | -11.1% |
| Equity | 10/15 | €189,703 | €191,729 | +€2,027 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €266,500 | €266,500 | = | 0.0% |
| Reserves | 13 | €209,294 | €209,294 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €207,435 | €207,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,292 | -€290,265 | +€2,027 | +0.7% |
| Amounts payable | 17/49 | €1,573,032 | €1,375,850 | -€197,183 | -12.5% |
| Amounts payable within one year | 42/48 | €1,568,032 | €1,370,850 | -€197,183 | -12.6% |
| Trade debts | 44 | €31,023 | €46,509 | +€15,486 | +49.9% |
| Suppliers | 440/4 | €31,023 | €46,509 | +€15,486 | +49.9% |
| Taxes, remuneration and social security | 45 | €10,577 | - | -€10,577 | |
| Taxes | 450/3 | €10,577 | - | -€10,577 | |
| Other amounts payable | 47/48 | €1,526,432 | €1,324,341 | -€202,091 | -13.2% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,425 | €76,486 | -€9,940 | -11.5% |
| Other operating charges | 640/8 | €3,817 | €3,760 | -€57 | -1.5% |
| Gross operating margin | 9900 | €58,631 | €138,805 | +€80,174 | +137% |
| Operating profit (loss) | 9901 | -€31,612 | €58,559 | +€90,170 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €769 | €67 | -€702 | -91.2% |
| Recurring financial charges | 65 | €769 | €67 | -€702 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,381 | €58,491 | +€90,872 | |
| Income taxes | 67/77 | - | €56,465 | +€56,465 | |
| Profit (loss) for the period | 9904 | -€32,381 | €2,027 | +€34,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,381 | €2,027 | +€34,407 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.