SIEJO: 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.
SIEJO
Largest movements
- Receivables within one year -€17,227
down €17,227 (-61.4%), from €28,048 to €10,820
of which Other amounts receivable: -€16,169
- Tangible fixed assets -€3,033
down €3,033 (-8.4%), from €36,132 to €33,099
of which Furniture and vehicles: -€8,082
- Cash -€2,017
down €2,017 (-19.7%), from €10,245 to €8,227
mainly Contributions, distributions and other (-€19,500) and Debts after one year (-€7,443)
- Reserves -€11,014
down €11,014 (-29.4%), from €37,459 to €26,446
- Debts after one year -€7,443
down €7,443 (-36.3%), from €20,527 to €13,084
- Trade debts -€2,703
down €2,703 (-52.5%), from €5,151 to €2,448
- Tax, wage and social debts -€2,044
no longer reported in 2025 (was €2,044)
- Depreciation +€2,157
up €2,157 (+34.7%), from €6,214 to €8,371
- Taxes -€758
down €758 (-15.0%), from €5,044 to €4,286
- Gross operating margin +€620
up €620 (+2.8%), from €21,949 to €22,569
- Financial income -€611
down €611 (-59.4%), from €1,028 to €417
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 | €75,633 | €53,366 | -€22,266 | -29.4% |
| Fixed assets | 21/28 | €36,132 | €33,099 | -€3,033 | -8.4% |
| Tangible fixed assets | 22/27 | €36,132 | €33,099 | -€3,033 | -8.4% |
| Land and buildings | 22 | - | €5,049 | +€5,049 | |
| Furniture and vehicles | 24 | €36,132 | €28,050 | -€8,082 | -22.4% |
| Current assets | 29/58 | €39,501 | €20,268 | -€19,234 | -48.7% |
| Amounts receivable within one year | 40/41 | €28,048 | €10,820 | -€17,227 | -61.4% |
| Trade receivables | 40 | €11,165 | €10,106 | -€1,059 | -9.5% |
| Other amounts receivable | 41 | €16,883 | €714 | -€16,169 | -95.8% |
| Cash at bank and in hand | 54/58 | €10,245 | €8,227 | -€2,017 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,220 | +€11 | +0.9% |
| Total equity and liabilities | 10/49 | €75,633 | €53,366 | -€22,266 | -29.4% |
| Equity | 10/15 | €40,459 | €29,446 | -€11,014 | -27.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,459 | €26,446 | -€11,014 | -29.4% |
| Distributable reserves | 133 | €37,459 | €26,446 | -€11,014 | -29.4% |
| Amounts payable | 17/49 | €35,174 | €23,921 | -€11,253 | -32.0% |
| Amounts payable after more than one year | 17 | €20,527 | €13,084 | -€7,443 | -36.3% |
| Financial debts | 170/4 | €20,527 | €13,084 | -€7,443 | -36.3% |
| Amounts payable within one year | 42/48 | €14,347 | €10,537 | -€3,810 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €7,152 | €7,443 | +€291 | +4.1% |
| Trade debts | 44 | €5,151 | €2,448 | -€2,703 | -52.5% |
| Suppliers | 440/4 | €5,151 | €2,448 | -€2,703 | -52.5% |
| Taxes, remuneration and social security | 45 | €2,044 | - | -€2,044 | |
| Taxes | 450/3 | €2,044 | - | -€2,044 | |
| Other amounts payable | 47/48 | - | €645 | +€645 | |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,214 | €8,371 | +€2,157 | +34.7% |
| Other operating charges | 640/8 | €938 | €756 | -€182 | -19.4% |
| Gross operating margin | 9900 | €21,949 | €22,569 | +€620 | +2.8% |
| Operating profit (loss) | 9901 | €14,797 | €13,441 | -€1,356 | -9.2% |
| Financial income | 75/76B | €1,028 | €417 | -€611 | -59.4% |
| Recurring financial income | 75 | €1,028 | €417 | -€611 | -59.4% |
| Financial charges | 65/66B | €1,053 | €1,086 | +€33 | +3.1% |
| Recurring financial charges | 65 | €1,053 | €1,086 | +€33 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €14,772 | €12,773 | -€1,999 | -13.5% |
| Income taxes | 67/77 | €5,044 | €4,286 | -€758 | -15.0% |
| Profit (loss) for the period | 9904 | €9,728 | €8,486 | -€1,242 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,728 | €8,486 | -€1,242 | -12.8% |
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 8 October 2026 via checked.be.