SIANA: 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.
SIANA
Largest movements
- Tangible fixed assets -€151,581
down €151,581 (-6.6%), from €2.3m to €2.2m
- Other debts -€346,140
down €346,140 (-100.0%), from €346,140 to €0
- Debts after one year +€328,701
up €328,701 (+27.4%), from €1.2m to €1.5m
of which Other amounts payable: +€363,655
- Current portion of long-term debt -€127,707
down €127,707 (-78.5%), from €162,661 to €34,954
- Reserves +€32,813
up €32,813 (+6.1%), from €538,133 to €570,946
of which Distributable reserves: +€32,813
- Gross operating margin +€23,326
up €23,326 (+10.9%), from €213,992 to €237,318
- Taxes +€7,401
up €7,401 (+93.6%), from €7,911 to €15,313
- Other operating charges +€2,603
up €2,603 (+8.2%), from €31,867 to €34,470
- Financial charges -€2,538
down €2,538 (-44.7%), from €5,681 to €3,143
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 | €2,339,254 | €2,210,883 | -€128,370 | -5.5% |
| Fixed assets | 21/28 | €2,307,524 | €2,155,943 | -€151,581 | -6.6% |
| Tangible fixed assets | 22/27 | €2,307,276 | €2,155,695 | -€151,581 | -6.6% |
| Land and buildings | 22 | €2,307,276 | €2,155,695 | -€151,581 | -6.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €31,730 | €54,940 | +€23,210 | +73.2% |
| Amounts receivable within one year | 40/41 | €17,081 | €20,476 | +€3,394 | +19.9% |
| Trade receivables | 40 | - | €5,796 | +€5,796 | |
| Other amounts receivable | 41 | €17,081 | €14,680 | -€2,401 | -14.1% |
| Cash at bank and in hand | 54/58 | €14,649 | €34,091 | +€19,443 | +132.7% |
| Deferred charges and accrued income | 490/1 | €0 | €373 | +€373 | |
| Total equity and liabilities | 10/49 | €2,339,254 | €2,210,883 | -€128,370 | -5.5% |
| Equity | 10/15 | €600,133 | €632,946 | +€32,813 | +5.5% |
| 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% |
| Reserves | 13 | €538,133 | €570,946 | +€32,813 | +6.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €531,933 | €564,746 | +€32,813 | +6.2% |
| Provisions and deferred taxes | 16 | €9,203 | €9,203 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,203 | €9,203 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,203 | €9,203 | = | 0.0% |
| Amounts payable | 17/49 | €1,729,918 | €1,568,735 | -€161,183 | -9.3% |
| Amounts payable after more than one year | 17 | €1,199,183 | €1,527,884 | +€328,701 | +27.4% |
| Financial debts | 170/4 | €61,853 | €26,899 | -€34,954 | -56.5% |
| Other amounts payable | 178/9 | €1,137,330 | €1,500,985 | +€363,655 | +32.0% |
| Amounts payable within one year | 42/48 | €530,735 | €40,406 | -€490,329 | -92.4% |
| Current portion of amounts payable after more than one year | 42 | €162,661 | €34,954 | -€127,707 | -78.5% |
| Trade debts | 44 | €21,933 | €5,452 | -€16,482 | -75.1% |
| Suppliers | 440/4 | €21,933 | €5,452 | -€16,482 | -75.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €346,140 | €0 | -€346,140 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,581 | €151,581 | -€0 | 0.0% |
| Other operating charges | 640/8 | €31,867 | €34,470 | +€2,603 | +8.2% |
| Gross operating margin | 9900 | €213,992 | €237,318 | +€23,326 | +10.9% |
| Operating profit (loss) | 9901 | €30,545 | €51,268 | +€20,723 | +67.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,681 | €3,143 | -€2,538 | -44.7% |
| Recurring financial charges | 65 | €5,681 | €3,143 | -€2,538 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €24,864 | €48,125 | +€23,261 | +93.6% |
| Income taxes | 67/77 | €7,911 | €15,313 | +€7,401 | +93.6% |
| Profit (loss) for the period | 9904 | €16,952 | €32,813 | +€15,860 | +93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,952 | €32,813 | +€15,860 | +93.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.