SIEKENS: 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.
SIEKENS
Largest movements
- Cash -€61,885
down €61,885 (-34.3%), from €180,664 to €118,779
mainly Contributions, distributions and other (-€133,818) and Debts after one year (-€25,066)
- Tangible fixed assets -€20,938
down €20,938 (-41.7%), from €50,212 to €29,274
of which Plant, machinery and equipment: -€11,197
- Intangible fixed assets -€18,571
down €18,571 (-33.4%), from €55,663 to €37,092
- Deferred charges and accrued income +€4,604
up €4,604 (+329%), from €1,400 to €6,004
- Reserves -€126,684
down €126,684 (-100%), from €126,684 to €0
- Other debts +€64,956
up €64,956 (+166%), from €39,099 to €104,056
- Debts after one year -€25,066
down €25,066 (-54.7%), from €45,808 to €20,742
- Tax, wage and social debts -€7,835
down €7,835 (-24.5%), from €32,000 to €24,165
of which Taxes: -€9,020
- Current portion of long-term debt -€5,845
down €5,845 (-18.9%), from €30,911 to €25,066
- Gross operating margin -€33,309
down €33,309 (-19.4%), from €171,977 to €138,667
- Depreciation -€19,948
down €19,948 (-32.0%), from €62,390 to €42,441
- Staff costs +€8,579
up €8,579 (+11.9%), from €72,071 to €80,650
- Taxes -€3,726
down €3,726 (-56.5%), from €6,591 to €2,865
- Financial charges -€2,071
down €2,071 (-27.0%), from €7,661 to €5,590
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 | €299,920 | €201,741 | -€98,179 | -32.7% |
| Fixed assets | 21/28 | €105,875 | €66,366 | -€39,509 | -37.3% |
| Intangible fixed assets | 21 | €55,663 | €37,092 | -€18,571 | -33.4% |
| Tangible fixed assets | 22/27 | €50,212 | €29,274 | -€20,938 | -41.7% |
| Land and buildings | 22 | €8,522 | €6,197 | -€2,325 | -27.3% |
| Plant, machinery and equipment | 23 | €24,337 | €13,139 | -€11,197 | -46.0% |
| Furniture and vehicles | 24 | €17,353 | €9,938 | -€7,415 | -42.7% |
| Current assets | 29/58 | €194,045 | €135,375 | -€58,670 | -30.2% |
| Stocks and contracts in progress | 3 | €11,981 | €10,135 | -€1,845 | -15.4% |
| Stocks | 30/36 | €11,981 | €10,135 | -€1,845 | -15.4% |
| Amounts receivable within one year | 40/41 | €0 | €456 | +€456 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €456 | +€456 | |
| Cash at bank and in hand | 54/58 | €180,664 | €118,779 | -€61,885 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,400 | €6,004 | +€4,604 | +329% |
| Total equity and liabilities | 10/49 | €299,920 | €201,741 | -€98,179 | -32.7% |
| Equity | 10/15 | €131,684 | €5,000 | -€126,684 | -96.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €126,684 | €0 | -€126,684 | -100% |
| Distributable reserves | 133 | €126,684 | €0 | -€126,684 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €168,236 | €196,741 | +€28,505 | +16.9% |
| Amounts payable after more than one year | 17 | €45,808 | €20,742 | -€25,066 | -54.7% |
| Financial debts | 170/4 | €45,808 | €20,742 | -€25,066 | -54.7% |
| Amounts payable within one year | 42/48 | €120,705 | €174,891 | +€54,186 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €30,911 | €25,066 | -€5,845 | -18.9% |
| Trade debts | 44 | €17,746 | €21,605 | +€3,859 | +21.7% |
| Suppliers | 440/4 | €17,746 | €21,605 | +€3,859 | +21.7% |
| Advances received on contracts in progress | 46 | €950 | €0 | -€950 | -100% |
| Taxes, remuneration and social security | 45 | €32,000 | €24,165 | -€7,835 | -24.5% |
| Taxes | 450/3 | €18,759 | €9,739 | -€9,020 | -48.1% |
| Remuneration and social security | 454/9 | €13,241 | €14,426 | +€1,185 | +9.0% |
| Other amounts payable | 47/48 | €39,099 | €104,056 | +€64,956 | +166% |
| Accrued charges and deferred income | 492/3 | €1,722 | €1,108 | -€615 | -35.7% |
| Remuneration, social security and pensions | 62 | €72,071 | €80,650 | +€8,579 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,390 | €42,441 | -€19,948 | -32.0% |
| Other operating charges | 640/8 | €1,963 | €2,115 | +€152 | +7.7% |
| Gross operating margin | 9900 | €171,977 | €138,667 | -€33,309 | -19.4% |
| Operating profit (loss) | 9901 | €35,553 | €13,462 | -€22,092 | -62.1% |
| Financial income | 75/76B | €1,333 | €2,127 | +€794 | +59.5% |
| Recurring financial income | 75 | €1,333 | €2,127 | +€794 | +59.5% |
| Financial charges | 65/66B | €7,661 | €5,590 | -€2,071 | -27.0% |
| Recurring financial charges | 65 | €7,661 | €5,590 | -€2,071 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €29,225 | €9,999 | -€19,226 | -65.8% |
| Income taxes | 67/77 | €6,591 | €2,865 | -€3,726 | -56.5% |
| Profit (loss) for the period | 9904 | €22,634 | €7,134 | -€15,500 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,634 | €7,134 | -€15,500 | -68.5% |
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 23 October 2026 via checked.be.