SieeKrath: 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.
SieeKrath
Largest movements
- Cash -€22,514
down €22,514 (-79.5%), from €28,306 to €5,792
mainly Net result for the year (-€14,219) and Trade debts (-€9,023)
- Receivables within one year -€10,907
down €10,907 (-62.9%), from €17,331 to €6,424
of which Trade receivables: -€9,721
- Deferred charges and accrued income -€1,134
down €1,134 (-79.3%), from €1,430 to €296
- Profit (loss) carried forward -€14,219
down €14,219 (-139.5%), from -€10,195 to -€24,414
- Trade debts -€9,023
down €9,023 (-38.8%), from €23,263 to €14,241
- Advances received -€6,573
no longer reported in 2025 (was €6,573)
- Accrued charges and deferred income -€3,373
down €3,373 (-60.8%), from €5,552 to €2,179
- Tax, wage and social debts -€755
down €755 (-16.1%), from €4,694 to €3,939
- Gross operating margin -€16,713
down €16,713, from €10,492 to -€6,221
- Other operating charges -€2,180
down €2,180 (-42.8%), from €5,096 to €2,916
- Financial income -€583
down €583 (-39.9%), from €1,460 to €877
- Financial charges +€542
up €542 (+10.9%), from €4,964 to €5,506
- Depreciation -€391
down €391 (-46.3%), from €843 to €452
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 | €52,917 | €18,705 | -€34,212 | -64.7% |
| Fixed assets | 21/28 | €5,851 | €6,194 | +€343 | +5.9% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100.0% |
| Tangible fixed assets | 22/27 | €851 | €1,194 | +€343 | +40.3% |
| Furniture and vehicles | 24 | €851 | €1,194 | +€343 | +40.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €47,066 | €12,512 | -€34,554 | -73.4% |
| Amounts receivable within one year | 40/41 | €17,331 | €6,424 | -€10,907 | -62.9% |
| Trade receivables | 40 | €10,955 | €1,234 | -€9,721 | -88.7% |
| Other amounts receivable | 41 | €6,376 | €5,190 | -€1,186 | -18.6% |
| Cash at bank and in hand | 54/58 | €28,306 | €5,792 | -€22,514 | -79.5% |
| Deferred charges and accrued income | 490/1 | €1,430 | €296 | -€1,134 | -79.3% |
| Total equity and liabilities | 10/49 | €52,917 | €18,705 | -€34,212 | -64.7% |
| Equity | 10/15 | €9,386 | -€4,833 | -€14,219 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €980 | €980 | = | 0.0% |
| Distributable reserves | 133 | €980 | €980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,195 | -€24,414 | -€14,219 | -139.5% |
| Amounts payable | 17/49 | €43,531 | €23,539 | -€19,992 | -45.9% |
| Amounts payable within one year | 42/48 | €37,979 | €21,360 | -€16,619 | -43.8% |
| Financial debts | 43 | - | €36 | +€36 | |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Trade debts | 44 | €23,263 | €14,241 | -€9,023 | -38.8% |
| Suppliers | 440/4 | €23,263 | €14,241 | -€9,023 | -38.8% |
| Advances received on contracts in progress | 46 | €6,573 | - | -€6,573 | |
| Taxes, remuneration and social security | 45 | €4,694 | €3,939 | -€755 | -16.1% |
| Taxes | 450/3 | €4,694 | €3,939 | -€755 | -16.1% |
| Other amounts payable | 47/48 | €3,449 | €3,144 | -€305 | -8.8% |
| Accrued charges and deferred income | 492/3 | €5,552 | €2,179 | -€3,373 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €452 | -€391 | -46.3% |
| Other operating charges | 640/8 | €5,096 | €2,916 | -€2,180 | -42.8% |
| Non-recurring operating charges | 66A | €1,068 | - | -€1,068 | |
| Gross operating margin | 9900 | €10,492 | -€6,221 | -€16,713 | |
| Operating profit (loss) | 9901 | €3,485 | -€9,589 | -€13,074 | |
| Financial income | 75/76B | €1,460 | €877 | -€583 | -39.9% |
| Recurring financial income | 75 | €1,460 | €877 | -€583 | -39.9% |
| Financial charges | 65/66B | €4,964 | €5,506 | +€542 | +10.9% |
| Recurring financial charges | 65 | €4,964 | €5,506 | +€542 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€20 | -€14,219 | -€14,200 | -72669.1% |
| Income taxes | 67/77 | €51 | €0 | -€51 | -100.0% |
| Profit (loss) for the period | 9904 | -€71 | -€14,219 | -€14,148 | -19924.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€71 | -€14,219 | -€14,148 | -19924.1% |
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 4 October 2026 via checked.be.