Sieg V.: 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.
Sieg V.
Largest movements
- Current investments -€115,000
down €115,000 (-100%), from €115,000 to €0
- Cash +€26,397
up €26,397 (+194%), from €13,589 to €39,987
mainly Current investments (+€115,000) and Other debts (+€48,567)
- Receivables within one year +€1,980
up €1,980 (+9.0%), from €21,919 to €23,899
- Profit (loss) carried forward -€122,486
down €122,486 (-99.7%), from €122,887 to €401
- Other debts +€48,567
up €48,567 (+1,080%), from €4,496 to €53,062
- Tax, wage and social debts -€12,804
down €12,804 (-35.6%), from €35,988 to €23,184
- Gross operating margin -€11,948
down €11,948 (-17.0%), from €70,358 to €58,410
- Taxes -€2,833
down €2,833 (-20.7%), from €13,721 to €10,888
- Depreciation +€1,374
up €1,374 (+28.6%), from €4,811 to €6,185
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.
Derived cash bridge
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 | €167,834 | €82,374 | -€85,460 | -50.9% |
| Fixed assets | 21/28 | €17,231 | €18,393 | +€1,162 | +6.7% |
| Tangible fixed assets | 22/27 | €17,231 | €18,393 | +€1,162 | +6.7% |
| Land and buildings | 22 | €3,175 | €2,769 | -€406 | -12.8% |
| Plant, machinery and equipment | 23 | €12,563 | €14,632 | +€2,069 | +16.5% |
| Furniture and vehicles | 24 | €1,493 | €993 | -€501 | -33.5% |
| Current assets | 29/58 | €150,603 | €63,981 | -€86,623 | -57.5% |
| Amounts receivable within one year | 40/41 | €21,919 | €23,899 | +€1,980 | +9.0% |
| Trade receivables | 40 | €21,919 | €23,899 | +€1,980 | +9.0% |
| Current investments | 50/53 | €115,000 | €0 | -€115,000 | -100% |
| Cash at bank and in hand | 54/58 | €13,589 | €39,987 | +€26,397 | +194% |
| Deferred charges and accrued income | 490/1 | €95 | €95 | = | 0.0% |
| Total equity and liabilities | 10/49 | €167,834 | €82,374 | -€85,460 | -50.9% |
| Equity | 10/15 | €123,887 | €1,401 | -€122,486 | -98.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,887 | €401 | -€122,486 | -99.7% |
| Amounts payable | 17/49 | €43,947 | €80,973 | +€37,026 | +84.3% |
| Amounts payable within one year | 42/48 | €43,947 | €80,973 | +€37,026 | +84.3% |
| Trade debts | 44 | €3,463 | €4,727 | +€1,264 | +36.5% |
| Suppliers | 440/4 | €3,463 | €4,727 | +€1,264 | +36.5% |
| Taxes, remuneration and social security | 45 | €35,988 | €23,184 | -€12,804 | -35.6% |
| Taxes | 450/3 | €35,988 | €23,184 | -€12,804 | -35.6% |
| Other amounts payable | 47/48 | €4,496 | €53,062 | +€48,567 | +1,080% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,811 | €6,185 | +€1,374 | +28.6% |
| Other operating charges | 640/8 | €603 | €806 | +€203 | +33.7% |
| Gross operating margin | 9900 | €70,358 | €58,410 | -€11,948 | -17.0% |
| Operating profit (loss) | 9901 | €64,944 | €51,419 | -€13,525 | -20.8% |
| Financial income | 75/76B | €572 | €1,059 | +€487 | +85.2% |
| Recurring financial income | 75 | €572 | €1,059 | +€487 | +85.2% |
| Financial charges | 65/66B | €88 | €76 | -€12 | -13.5% |
| Recurring financial charges | 65 | €88 | €76 | -€12 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €65,427 | €52,401 | -€13,026 | -19.9% |
| Income taxes | 67/77 | €13,721 | €10,888 | -€2,833 | -20.7% |
| Profit (loss) for the period | 9904 | €51,706 | €41,514 | -€10,193 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,706 | €41,514 | -€10,193 | -19.7% |
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 18 October 2026 via checked.be.