Siac: 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.
Siac
Largest movements
- Cash +€21,810
up €21,810 (+61.4%), from €35,494 to €57,304
mainly Net result for the year (+€48,537) and Other debts (+€28,781)
- Tangible fixed assets +€19,595
up €19,595 (+998.9%), from €1,962 to €21,557
of which Furniture and vehicles: +€18,248
- Receivables within one year +€2,588
up €2,588 (+15.4%), from €16,812 to €19,401
of which Trade receivables: +€2,468
- Deferred charges and accrued income +€1,760
up €1,760 (+127.8%), from €1,377 to €3,137
- Other debts +€28,781
up €28,781 (+248.3%), from €11,589 to €40,370
- Reserves +€14,496
up €14,496 (+43.4%), from €33,380 to €47,876
of which Distributable reserves: +€14,496
- Tax, wage and social debts +€3,499
up €3,499, from €0 to €3,499
of which Taxes: +€3,499
- Trade debts -€2,051
down €2,051 (-64.6%), from €3,177 to €1,126
- Gross operating margin +€45,327
up €45,327 (+179.0%), from €25,320 to €70,647
- Taxes +€13,951
up €13,951 (+420.1%), from €3,321 to €17,271
- Depreciation +€2,001
up €2,001 (+143.5%), from €1,394 to €3,396
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 | €55,645 | €101,398 | +€45,753 | +82.2% |
| Fixed assets | 21/28 | €1,962 | €21,557 | +€19,595 | +998.9% |
| Tangible fixed assets | 22/27 | €1,962 | €21,557 | +€19,595 | +998.9% |
| Plant, machinery and equipment | 23 | €1,286 | €2,633 | +€1,347 | +104.7% |
| Furniture and vehicles | 24 | €675 | €18,923 | +€18,248 | +2702.0% |
| Current assets | 29/58 | €53,683 | €79,841 | +€26,158 | +48.7% |
| Amounts receivable within one year | 40/41 | €16,812 | €19,401 | +€2,588 | +15.4% |
| Trade receivables | 40 | €16,372 | €18,840 | +€2,468 | +15.1% |
| Other amounts receivable | 41 | €441 | €561 | +€120 | +27.3% |
| Cash at bank and in hand | 54/58 | €35,494 | €57,304 | +€21,810 | +61.4% |
| Deferred charges and accrued income | 490/1 | €1,377 | €3,137 | +€1,760 | +127.8% |
| Total equity and liabilities | 10/49 | €55,645 | €101,398 | +€45,753 | +82.2% |
| Equity | 10/15 | €40,830 | €55,986 | +€15,157 | +37.1% |
| Contributions | 10/11 | €8,110 | €8,110 | = | 0.0% |
| Reserves | 13 | €33,380 | €47,876 | +€14,496 | +43.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,380 | €47,876 | +€14,496 | +43.4% |
| Profit (loss) carried forward | 14 | -€660 | €0 | +€660 | |
| Amounts payable | 17/49 | €14,815 | €45,412 | +€30,596 | +206.5% |
| Amounts payable within one year | 42/48 | €14,766 | €44,995 | +€30,229 | +204.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,177 | €1,126 | -€2,051 | -64.6% |
| Suppliers | 440/4 | €3,177 | €1,126 | -€2,051 | -64.6% |
| Taxes, remuneration and social security | 45 | €0 | €3,499 | +€3,499 | |
| Taxes | 450/3 | - | €3,499 | +€3,499 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,589 | €40,370 | +€28,781 | +248.3% |
| Accrued charges and deferred income | 492/3 | €49 | €417 | +€367 | +743.5% |
| Non-recurring operating income | 76A | - | €2,762 | +€2,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394 | €3,396 | +€2,001 | +143.5% |
| Other operating charges | 640/8 | €1,131 | €1,185 | +€54 | +4.8% |
| Gross operating margin | 9900 | €25,320 | €70,647 | +€45,327 | +179.0% |
| Operating profit (loss) | 9901 | €22,795 | €66,066 | +€43,271 | +189.8% |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €263 | €258 | -€5 | -2.0% |
| Recurring financial charges | 65 | €263 | €258 | -€5 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €22,627 | €65,808 | +€43,181 | +190.8% |
| Income taxes | 67/77 | €3,321 | €17,271 | +€13,951 | +420.1% |
| Profit (loss) for the period | 9904 | €19,306 | €48,537 | +€29,230 | +151.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,306 | €48,537 | +€29,230 | +151.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.