SIAM: 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.
SIAM
Largest movements
- Cash +€18
up €18 (+12.8%), from €140 to €158
mainly Other debts (+€4,909) and Smaller working-capital items (+€6)
- Other debts +€4,909
up €4,909 (+3.0%), from €163,657 to €168,566
- Profit (loss) carried forward -€4,897
down €4,897 (-2.2%), from -€225,242 to -€230,139
- Financial charges -€111,607
down €111,607 (-99.9%), from €111,729 to €122
- Gross operating margin -€3,288
down €3,288 (-263.1%), from -€1,250 to -€4,538
- Other operating charges +€237
new in 2024: €237
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.
Cash bridge derived
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 | €415 | €429 | +€14 | +3.4% |
| Fixed assets | 21/28 | €271 | €271 | = | 0.0% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €144 | €158 | +€14 | +9.8% |
| Cash at bank and in hand | 54/58 | €140 | €158 | +€18 | +12.8% |
| Deferred charges and accrued income | 490/1 | €4 | - | -€4 | |
| Total equity and liabilities | 10/49 | €415 | €429 | +€14 | +3.4% |
| Equity | 10/15 | -€163,242 | -€168,139 | -€4,897 | -3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,242 | -€230,139 | -€4,897 | -2.2% |
| Amounts payable | 17/49 | €163,657 | €168,569 | +€4,911 | +3.0% |
| Amounts payable within one year | 42/48 | €163,657 | €168,569 | +€4,911 | +3.0% |
| Trade debts | 44 | - | €3 | +€3 | |
| Suppliers | 440/4 | - | €3 | +€3 | |
| Other amounts payable | 47/48 | €163,657 | €168,566 | +€4,909 | +3.0% |
| Other operating charges | 640/8 | - | €237 | +€237 | |
| Gross operating margin | 9900 | -€1,250 | -€4,538 | -€3,288 | -263.1% |
| Operating profit (loss) | 9901 | -€1,250 | -€4,775 | -€3,525 | -282.0% |
| Financial charges | 65/66B | €111,729 | €122 | -€111,607 | -99.9% |
| Recurring financial charges | 65 | €111,729 | €122 | -€111,607 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€112,979 | -€4,897 | +€108,082 | +95.7% |
| Profit (loss) for the period | 9904 | -€112,979 | -€4,897 | +€108,082 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,979 | -€4,897 | +€108,082 | +95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.