SIEBENSTERN: 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.
SIEBENSTERN
Largest movements
- Tangible fixed assets +€980
up €980 (+117.5%), from €834 to €1,813
- Stocks and contracts -€740
down €740 (-7.5%), from €9,886 to €9,147
- Receivables within one year -€408
down €408 (-87.4%), from €466 to €59
of which Trade receivables: -€398
- Cash +€256
up €256 (+44.6%), from €575 to €831
mainly Debts after one year (+€4,000) and Stocks and contracts (+€740)
- Debts after one year +€4,000
up €4,000 (+20.0%), from €20,000 to €24,000
- Other debts -€2,947
down €2,947 (-61.4%), from €4,802 to €1,856
- Profit (loss) carried forward -€1,045
down €1,045 (-5.5%), from -€19,136 to -€20,180
- Gross operating margin +€1,371
up €1,371 (+92.9%), from -€1,476 to -€105
- Depreciation +€261
up €261 (+66.9%), from €390 to €651
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 | €11,976 | €12,064 | +€89 | +0.7% |
| Fixed assets | 21/28 | €1,049 | €2,028 | +€980 | +93.4% |
| Tangible fixed assets | 22/27 | €834 | €1,813 | +€980 | +117.5% |
| Furniture and vehicles | 24 | €834 | €1,813 | +€980 | +117.5% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €10,927 | €10,036 | -€891 | -8.2% |
| Stocks and contracts in progress | 3 | €9,886 | €9,147 | -€740 | -7.5% |
| Stocks | 30/36 | €9,886 | €9,147 | -€740 | -7.5% |
| Amounts receivable within one year | 40/41 | €466 | €59 | -€408 | -87.4% |
| Trade receivables | 40 | €449 | €50 | -€398 | -88.8% |
| Other amounts receivable | 41 | €18 | €8 | -€9 | -52.6% |
| Cash at bank and in hand | 54/58 | €575 | €831 | +€256 | +44.6% |
| Total equity and liabilities | 10/49 | €11,976 | €12,064 | +€89 | +0.7% |
| Equity | 10/15 | -€12,936 | -€13,980 | -€1,045 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,136 | -€20,180 | -€1,045 | -5.5% |
| Amounts payable | 17/49 | €24,912 | €26,045 | +€1,133 | +4.5% |
| Amounts payable after more than one year | 17 | €20,000 | €24,000 | +€4,000 | +20.0% |
| Other amounts payable | 178/9 | €20,000 | €24,000 | +€4,000 | +20.0% |
| Amounts payable within one year | 42/48 | €4,912 | €2,045 | -€2,867 | -58.4% |
| Trade debts | 44 | - | €62 | +€62 | |
| Suppliers | 440/4 | - | €62 | +€62 | |
| Taxes, remuneration and social security | 45 | €109 | €127 | +€18 | +16.5% |
| Taxes | 450/3 | €109 | €127 | +€18 | +16.5% |
| Other amounts payable | 47/48 | €4,802 | €1,856 | -€2,947 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €651 | +€261 | +66.9% |
| Other operating charges | 640/8 | €103 | €109 | +€6 | +5.8% |
| Gross operating margin | 9900 | -€1,476 | -€105 | +€1,371 | +92.9% |
| Operating profit (loss) | 9901 | -€1,969 | -€865 | +€1,104 | +56.1% |
| Financial income | 75/76B | €33 | €28 | -€5 | -14.2% |
| Recurring financial income | 75 | €33 | €28 | -€5 | -14.2% |
| Financial charges | 65/66B | €196 | €208 | +€12 | +6.0% |
| Recurring financial charges | 65 | €196 | €208 | +€12 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,132 | -€1,045 | +€1,088 | +51.0% |
| Profit (loss) for the period | 9904 | -€2,132 | -€1,045 | +€1,088 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,132 | -€1,045 | +€1,088 | +51.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.