SIAU: what changed
SIAU
Largest movements
- Tangible fixed assets +€221,968
new in 2025: €221,968
of which Land and buildings: +€201,142
- Receivables within one year -€9,206
down €9,206 (-40.3%), from €22,832 to €13,625
of which Trade receivables: -€9,056
- Cash -€8,209
down €8,209 (-93.4%), from €8,788 to €579
mainly Investment in fixed assets (net) (-€233,179) and Net result for the year (-€12,505)
- Deferred charges and accrued income -€3,007
down €3,007 (-78.6%), from €3,827 to €820
- Debts after one year +€187,890
new in 2025: €187,890
- Current portion of long-term debt +€15,245
new in 2025: €15,245
- Trade debts +€13,918
up €13,918 (+65.5%), from €21,264 to €35,182
- Profit (loss) carried forward -€12,505
new in 2025: -€12,505
- Other debts -€5,829
down €5,829 (-26.0%), from €22,438 to €16,608
- Depreciation +€11,212
new in 2025: €11,212
- Financial charges +€4,142
up €4,142 (+10,755%), from €39 to €4,180
- Taxes -€1,603
no longer reported in 2025 (was €1,603)
- Gross operating margin -€988
down €988 (-22.9%), from €4,318 to €3,330
- Other operating charges +€59
up €59 (+15.3%), from €384 to €443
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 | €50,047 | €251,592 | +€201,545 | +403% |
| Fixed assets | 21/28 | - | €221,968 | +€221,968 | |
| Tangible fixed assets | 22/27 | - | €221,968 | +€221,968 | |
| Land and buildings | 22 | - | €201,142 | +€201,142 | |
| Furniture and vehicles | 24 | - | €20,826 | +€20,826 | |
| Current assets | 29/58 | €50,047 | €29,624 | -€20,422 | -40.8% |
| Stocks and contracts in progress | 3 | €14,600 | €14,600 | = | 0.0% |
| Stocks | 30/36 | €14,600 | €14,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,832 | €13,625 | -€9,206 | -40.3% |
| Trade receivables | 40 | €22,681 | €13,625 | -€9,056 | -39.9% |
| Other amounts receivable | 41 | €150 | - | -€150 | |
| Cash at bank and in hand | 54/58 | €8,788 | €579 | -€8,209 | -93.4% |
| Deferred charges and accrued income | 490/1 | €3,827 | €820 | -€3,007 | -78.6% |
| Total equity and liabilities | 10/49 | €50,047 | €251,592 | +€201,545 | +403% |
| Equity | 10/15 | €4,293 | -€8,212 | -€12,505 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,293 | €2,293 | = | 0.0% |
| Distributable reserves | 133 | €2,293 | €2,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,505 | -€12,505 | |
| Amounts payable | 17/49 | €45,754 | €259,805 | +€214,050 | +468% |
| Amounts payable after more than one year | 17 | - | €187,890 | +€187,890 | |
| Financial debts | 170/4 | - | €187,890 | +€187,890 | |
| Amounts payable within one year | 42/48 | €45,754 | €71,768 | +€26,014 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,245 | +€15,245 | |
| Trade debts | 44 | €21,264 | €35,182 | +€13,918 | +65.5% |
| Suppliers | 440/4 | €21,264 | €35,182 | +€13,918 | +65.5% |
| Taxes, remuneration and social security | 45 | €2,053 | €4,732 | +€2,679 | +131% |
| Taxes | 450/3 | €2,053 | €4,732 | +€2,679 | +131% |
| Other amounts payable | 47/48 | €22,438 | €16,608 | -€5,829 | -26.0% |
| Accrued charges and deferred income | 492/3 | - | €146 | +€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,212 | +€11,212 | |
| Other operating charges | 640/8 | €384 | €443 | +€59 | +15.3% |
| Gross operating margin | 9900 | €4,318 | €3,330 | -€988 | -22.9% |
| Operating profit (loss) | 9901 | €3,934 | -€8,325 | -€12,259 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €39 | €4,180 | +€4,142 | +10,755% |
| Recurring financial charges | 65 | €39 | €4,180 | +€4,142 | +10,755% |
| Profit (loss) for the period before taxes | 9903 | €3,895 | -€12,505 | -€16,400 | |
| Income taxes | 67/77 | €1,603 | - | -€1,603 | |
| Profit (loss) for the period | 9904 | €2,293 | -€12,505 | -€14,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,293 | -€12,505 | -€14,798 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.