SIAM MARKET: what changed
SIAM MARKET
Largest movements
- Stocks and contracts -€90,597
down €90,597 (-35.6%), from €254,504 to €163,908
- Tangible fixed assets -€45,738
down €45,738 (-30.5%), from €149,753 to €104,015
- Receivables within one year -€18,315
down €18,315 (-67.6%), from €27,099 to €8,784
of which Other amounts receivable: -€18,315
- Cash +€13,056
up €13,056 (+332%), from €3,931 to €16,987
mainly Stocks and contracts (+€90,597) and Depreciation (+€45,738)
- Other debts -€60,156
down €60,156 (-81.6%), from €73,702 to €13,546
- Profit (loss) carried forward -€48,161
down €48,161 (-148%), from -€32,437 to -€80,598
- Trade debts -€31,660
down €31,660 (-8.4%), from €379,022 to €347,363
- Turnover -€168,015
down €168,015 (-15.2%), from €1.1m to €935,028
- Purchases and services -€150,961
down €150,961 (-14.7%), from €1.0m to €873,407
- Staff costs -€43,657
down €43,657 (-40.9%), from €106,705 to €63,048
- Gross operating margin -€41,949
down €41,949 (-40.5%), from €103,570 to €61,621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €435,287 | €295,311 | -€139,976 | -32.2% |
| Fixed assets | 21/28 | €149,753 | €104,015 | -€45,738 | -30.5% |
| Tangible fixed assets | 22/27 | €149,753 | €104,015 | -€45,738 | -30.5% |
| Land and buildings | 22 | €44,988 | €37,977 | -€7,011 | -15.6% |
| Plant, machinery and equipment | 23 | €65,982 | €44,316 | -€21,666 | -32.8% |
| Furniture and vehicles | 24 | €38,783 | €21,722 | -€17,061 | -44.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €285,534 | €191,296 | -€94,238 | -33.0% |
| Stocks and contracts in progress | 3 | €254,504 | €163,908 | -€90,597 | -35.6% |
| Stocks | 30/36 | €254,504 | €163,908 | -€90,597 | -35.6% |
| Amounts receivable within one year | 40/41 | €27,099 | €8,784 | -€18,315 | -67.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €27,099 | €8,784 | -€18,315 | -67.6% |
| Cash at bank and in hand | 54/58 | €3,931 | €16,987 | +€13,056 | +332% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €435,287 | €295,311 | -€139,976 | -32.2% |
| Equity | 10/15 | -€17,437 | -€65,598 | -€48,161 | -276% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,437 | -€80,598 | -€48,161 | -148% |
| Amounts payable | 17/49 | €452,724 | €360,909 | -€91,815 | -20.3% |
| Amounts payable within one year | 42/48 | €452,724 | €360,909 | -€91,815 | -20.3% |
| Trade debts | 44 | €379,022 | €347,363 | -€31,660 | -8.4% |
| Suppliers | 440/4 | €379,022 | €347,363 | -€31,660 | -8.4% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €73,702 | €13,546 | -€60,156 | -81.6% |
| Turnover | 70 | €1,103,043 | €935,028 | -€168,015 | -15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,024,368 | €873,407 | -€150,961 | -14.7% |
| Remuneration, social security and pensions | 62 | €106,705 | €63,048 | -€43,657 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,541 | €45,738 | +€1,197 | +2.7% |
| Other operating charges | 640/8 | €671 | €151 | -€520 | -77.5% |
| Gross operating margin | 9900 | €103,570 | €61,621 | -€41,949 | -40.5% |
| Operating profit (loss) | 9901 | -€48,348 | -€47,316 | +€1,032 | +2.1% |
| Financial charges | 65/66B | €834 | €845 | +€11 | +1.3% |
| Recurring financial charges | 65 | €834 | €845 | +€11 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,182 | -€48,161 | +€1,021 | +2.1% |
| Profit (loss) for the period | 9904 | -€49,182 | -€48,161 | +€1,021 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,182 | -€48,161 | +€1,021 | +2.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.