SIEGATURA: 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.
SIEGATURA
Largest movements
- Tangible fixed assets -€23,800
down €23,800 (-83.5%), from €28,509 to €4,710
of which Land and buildings: -€18,871
- Cash +€19,546
up €19,546 (+488%), from €4,006 to €23,552
mainly Investment in fixed assets (net) (+€18,871) and Net result for the year (+€9,509)
- Receivables within one year +€11,143
up €11,143 (+150%), from €7,414 to €18,557
of which Trade receivables: +€9,982
- Reserves +€9,509
up €9,509 (+59.1%), from €16,094 to €25,603
- Trade debts +€4,886
up €4,886 (+876%), from €558 to €5,444
- Current portion of long-term debt -€4,405
no longer reported in 2025 (was €4,405)
- Debts after one year -€1,475
down €1,475 (-12.2%), from €12,120 to €10,646
- Tax, wage and social debts -€1,078
down €1,078 (-23.8%), from €4,524 to €3,447
- Gross operating margin +€8,423
up €8,423 (+87.4%), from €9,640 to €18,062
- Taxes +€1,765
up €1,765 (+245%), from €722 to €2,487
- Depreciation -€1,000
down €1,000 (-16.9%), from €5,928 to €4,928
- Financial charges -€266
down €266 (-52.1%), from €511 to €245
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 | €39,929 | €46,819 | +€6,890 | +17.3% |
| Fixed assets | 21/28 | €28,509 | €4,710 | -€23,800 | -83.5% |
| Tangible fixed assets | 22/27 | €28,509 | €4,710 | -€23,800 | -83.5% |
| Land and buildings | 22 | €18,871 | - | -€18,871 | |
| Plant, machinery and equipment | 23 | €2,245 | €1,443 | -€802 | -35.7% |
| Furniture and vehicles | 24 | €7,393 | €3,267 | -€4,126 | -55.8% |
| Current assets | 29/58 | €11,420 | €42,110 | +€30,690 | +269% |
| Amounts receivable within one year | 40/41 | €7,414 | €18,557 | +€11,143 | +150% |
| Trade receivables | 40 | €6,637 | €16,619 | +€9,982 | +150% |
| Other amounts receivable | 41 | €777 | €1,938 | +€1,161 | +149% |
| Cash at bank and in hand | 54/58 | €4,006 | €23,552 | +€19,546 | +488% |
| Total equity and liabilities | 10/49 | €39,929 | €46,819 | +€6,890 | +17.3% |
| Equity | 10/15 | €17,594 | €27,103 | +€9,509 | +54.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €16,094 | €25,603 | +€9,509 | +59.1% |
| Distributable reserves | 133 | €16,094 | €25,603 | +€9,509 | +59.1% |
| Amounts payable | 17/49 | €22,335 | €19,716 | -€2,619 | -11.7% |
| Amounts payable after more than one year | 17 | €12,120 | €10,646 | -€1,475 | -12.2% |
| Financial debts | 170/4 | €12,120 | €10,646 | -€1,475 | -12.2% |
| Amounts payable within one year | 42/48 | €10,215 | €9,071 | -€1,144 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €4,405 | - | -€4,405 | |
| Trade debts | 44 | €558 | €5,444 | +€4,886 | +876% |
| Suppliers | 440/4 | €558 | €5,444 | +€4,886 | +876% |
| Taxes, remuneration and social security | 45 | €4,524 | €3,447 | -€1,078 | -23.8% |
| Taxes | 450/3 | €4,524 | €3,447 | -€1,078 | -23.8% |
| Other amounts payable | 47/48 | €728 | €180 | -€548 | -75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,928 | €4,928 | -€1,000 | -16.9% |
| Other operating charges | 640/8 | €755 | €910 | +€155 | +20.6% |
| Gross operating margin | 9900 | €9,640 | €18,062 | +€8,423 | +87.4% |
| Operating profit (loss) | 9901 | €2,957 | €12,224 | +€9,267 | +313% |
| Financial income | 75/76B | €49 | €17 | -€33 | -66.3% |
| Recurring financial income | 75 | €49 | €17 | -€33 | -66.3% |
| Financial charges | 65/66B | €511 | €245 | -€266 | -52.1% |
| Recurring financial charges | 65 | €511 | €245 | -€266 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €2,495 | €11,996 | +€9,501 | +381% |
| Income taxes | 67/77 | €722 | €2,487 | +€1,765 | +245% |
| Profit (loss) for the period | 9904 | €1,773 | €9,509 | +€7,736 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €1,773 | €9,509 | +€7,736 | +436% |
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 16 October 2026 via checked.be.