Siara: 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.
Siara
Largest movements
- Cash +€37,327
up €37,327 (+485.2%), from €7,694 to €45,020
mainly Net result for the year (+€29,368) and Receivables within one year (+€8,352)
- Receivables within one year -€8,352
down €8,352 (-30.4%), from €27,494 to €19,142
- Tangible fixed assets +€5,371
new in 2025: €5,371
of which Other tangible fixed assets: +€3,796
- Formation expenses -€984
down €984 (-100.0%), from €984 to €0
- Reserves +€29,368
up €29,368 (+178.9%), from €16,417 to €45,786
- Other debts +€2,791
new in 2025: €2,791
- Tax, wage and social debts +€1,667
up €1,667 (+11.8%), from €14,170 to €15,837
of which Taxes: +€1,640
- Gross operating margin +€18,310
up €18,310 (+82.4%), from €22,218 to €40,528
- Taxes +€3,440
up €3,440 (+77.0%), from €4,467 to €7,907
- Depreciation +€1,085
up €1,085 (+412.3%), from €263 to €1,348
- Financial charges +€772
up €772 (+72.1%), from €1,071 to €1,842
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 | €36,173 | €69,533 | +€33,360 | +92.2% |
| Formation expenses | 20 | €984 | €0 | -€984 | -100.0% |
| Fixed assets | 21/28 | - | €5,371 | +€5,371 | |
| Tangible fixed assets | 22/27 | - | €5,371 | +€5,371 | |
| Plant, machinery and equipment | 23 | - | €1,575 | +€1,575 | |
| Other tangible fixed assets | 26 | - | €3,796 | +€3,796 | |
| Current assets | 29/58 | €35,188 | €64,163 | +€28,974 | +82.3% |
| Amounts receivable within one year | 40/41 | €27,494 | €19,142 | -€8,352 | -30.4% |
| Trade receivables | 40 | €27,494 | €19,142 | -€8,352 | -30.4% |
| Cash at bank and in hand | 54/58 | €7,694 | €45,020 | +€37,327 | +485.2% |
| Total equity and liabilities | 10/49 | €36,173 | €69,533 | +€33,360 | +92.2% |
| Equity | 10/15 | €20,417 | €49,786 | +€29,368 | +143.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,417 | €45,786 | +€29,368 | +178.9% |
| Distributable reserves | 133 | €16,417 | €45,786 | +€29,368 | +178.9% |
| Amounts payable | 17/49 | €15,755 | €19,747 | +€3,992 | +25.3% |
| Amounts payable within one year | 42/48 | €15,755 | €19,747 | +€3,992 | +25.3% |
| Trade debts | 44 | €1,085 | €1,120 | +€34 | +3.1% |
| Suppliers | 440/4 | €1,085 | €1,120 | +€34 | +3.1% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,170 | €15,837 | +€1,667 | +11.8% |
| Taxes | 450/3 | €11,420 | €13,060 | +€1,640 | +14.4% |
| Remuneration and social security | 454/9 | €2,750 | €2,777 | +€27 | +1.0% |
| Other amounts payable | 47/48 | - | €2,791 | +€2,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €1,348 | +€1,085 | +412.3% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €22,218 | €40,528 | +€18,310 | +82.4% |
| Operating profit (loss) | 9901 | €21,955 | €39,117 | +€17,163 | +78.2% |
| Financial charges | 65/66B | €1,071 | €1,842 | +€772 | +72.1% |
| Recurring financial charges | 65 | €1,071 | €1,842 | +€772 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €20,884 | €37,275 | +€16,391 | +78.5% |
| Income taxes | 67/77 | €4,467 | €7,907 | +€3,440 | +77.0% |
| Profit (loss) for the period | 9904 | €16,417 | €29,368 | +€12,951 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,417 | €29,368 | +€12,951 | +78.9% |
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 6 October 2026 via checked.be.