SIEBMO: what changed
Two financial 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.
SIEBMO
Largest movements
- Tangible fixed assets +€537,359
up €537,359 (+5.3%), from €10.1m to €10.7m
of which Land and buildings: +€4.3m
- Receivables within one year +€194,028
up €194,028 (+262.5%), from €73,922 to €267,950
of which Trade receivables: +€166,456
- Other debts +€1.4m
up €1.4m (+18.7%), from €7.3m to €8.6m
- Trade debts -€272,948
down €272,948 (-68.4%), from €398,838 to €125,890
- Debts after one year -€202,500
down €202,500 (-15.7%), from €1.3m to €1.1m
- Profit (loss) carried forward -€120,368
down €120,368 (-314.3%), from -€38,300 to -€158,668
- Gross operating margin +€354,585
up €354,585 (+58.3%), from €608,611 to €963,196
- Depreciation +€242,959
up €242,959 (+45.8%), from €530,799 to €773,758
- Financial charges +€124,461
up €124,461 (+126.7%), from €98,260 to €222,721
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 | €10,197,987 | €10,923,938 | +€725,951 | +7.1% |
| Fixed assets | 21/28 | €10,115,526 | €10,652,884 | +€537,359 | +5.3% |
| Tangible fixed assets | 22/27 | €10,115,526 | €10,652,884 | +€537,359 | +5.3% |
| Land and buildings | 22 | €6,383,050 | €10,652,884 | +€4.3m | +66.9% |
| Assets under construction and advance payments | 27 | €3,732,476 | €0 | -€3.7m | -100.0% |
| Current assets | 29/58 | €82,462 | €271,054 | +€188,593 | +228.7% |
| Amounts receivable within one year | 40/41 | €73,922 | €267,950 | +€194,028 | +262.5% |
| Trade receivables | 40 | €73,013 | €239,469 | +€166,456 | +228.0% |
| Other amounts receivable | 41 | €909 | €28,481 | +€27,572 | +3034.7% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €8,540 | €3,104 | -€5,436 | -63.6% |
| Total equity and liabilities | 10/49 | €10,197,987 | €10,923,938 | +€725,951 | +7.1% |
| Equity | 10/15 | €961,700 | €841,332 | -€120,368 | -12.5% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€38,300 | -€158,668 | -€120,368 | -314.3% |
| Amounts payable | 17/49 | €9,236,287 | €10,082,606 | +€846,319 | +9.2% |
| Amounts payable after more than one year | 17 | €1,292,500 | €1,090,000 | -€202,500 | -15.7% |
| Financial debts | 170/4 | €1,292,500 | €1,090,000 | -€202,500 | -15.7% |
| Amounts payable within one year | 42/48 | €7,855,692 | €8,939,878 | +€1.1m | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €202,500 | €202,500 | = | 0.0% |
| Trade debts | 44 | €398,838 | €125,890 | -€272,948 | -68.4% |
| Suppliers | 440/4 | €398,838 | €125,890 | -€272,948 | -68.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,254,354 | €8,611,487 | +€1.4m | +18.7% |
| Accrued charges and deferred income | 492/3 | €88,096 | €52,729 | -€35,367 | -40.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530,799 | €773,758 | +€242,959 | +45.8% |
| Other operating charges | 640/8 | €84,142 | €87,085 | +€2,943 | +3.5% |
| Gross operating margin | 9900 | €608,611 | €963,196 | +€354,585 | +58.3% |
| Operating profit (loss) | 9901 | -€6,330 | €102,353 | +€108,683 | |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €98,260 | €222,721 | +€124,461 | +126.7% |
| Recurring financial charges | 65 | €98,260 | €222,721 | +€124,461 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | -€104,494 | -€120,368 | -€15,873 | -15.2% |
| Profit (loss) for the period | 9904 | -€104,494 | -€120,368 | -€15,873 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,494 | -€120,368 | -€15,873 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.