SIEMATEC: what changed
SIEMATEC
Largest movements
- Cash +€54,780
up €54,780 (+116%), from €47,392 to €102,172
mainly Receivables within one year (+€36,557) and Net result for the year (+€33,619)
- Receivables within one year -€36,557
down €36,557 (-39.2%), from €93,368 to €56,811
of which Trade receivables: -€38,084
- Tangible fixed assets -€20,612
down €20,612 (-21.4%), from €96,461 to €75,849
of which Furniture and vehicles: -€19,544
- Stocks and contracts +€4,108
up €4,108 (+32.8%), from €12,528 to €16,636
- Reserves +€21,819
up €21,819 (+19.6%), from €111,374 to €133,193
- Debts after one year -€19,334
down €19,334 (-24.9%), from €77,507 to €58,174
- Other debts -€6,428
down €6,428 (-68.8%), from €9,342 to €2,913
- Trade debts +€3,943
up €3,943 (+51.1%), from €7,712 to €11,655
- Gross operating margin -€26,945
down €26,945 (-26.4%), from €102,066 to €75,121
- Depreciation +€6,066
up €6,066 (+35.8%), from €16,940 to €23,006
- Taxes -€3,453
down €3,453 (-20.1%), from €17,176 to €13,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,007 | €251,937 | -€70 | 0.0% |
| Fixed assets | 21/28 | €96,461 | €75,849 | -€20,612 | -21.4% |
| Tangible fixed assets | 22/27 | €96,461 | €75,849 | -€20,612 | -21.4% |
| Plant, machinery and equipment | 23 | €2,836 | €1,768 | -€1,069 | -37.7% |
| Furniture and vehicles | 24 | €93,625 | €74,081 | -€19,544 | -20.9% |
| Current assets | 29/58 | €155,546 | €176,089 | +€20,542 | +13.2% |
| Stocks and contracts in progress | 3 | €12,528 | €16,636 | +€4,108 | +32.8% |
| Stocks | 30/36 | €12,528 | €16,636 | +€4,108 | +32.8% |
| Amounts receivable within one year | 40/41 | €93,368 | €56,811 | -€36,557 | -39.2% |
| Trade receivables | 40 | €76,070 | €37,986 | -€38,084 | -50.1% |
| Other amounts receivable | 41 | €17,298 | €18,825 | +€1,527 | +8.8% |
| Cash at bank and in hand | 54/58 | €47,392 | €102,172 | +€54,780 | +116% |
| Deferred charges and accrued income | 490/1 | €2,258 | €469 | -€1,789 | -79.2% |
| Total equity and liabilities | 10/49 | €252,007 | €251,937 | -€70 | 0.0% |
| Equity | 10/15 | €131,374 | €153,193 | +€21,819 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,374 | €133,193 | +€21,819 | +19.6% |
| Distributable reserves | 133 | €111,374 | €133,193 | +€21,819 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,633 | €98,744 | -€21,889 | -18.1% |
| Amounts payable after more than one year | 17 | €77,507 | €58,174 | -€19,334 | -24.9% |
| Financial debts | 170/4 | €77,507 | €58,174 | -€19,334 | -24.9% |
| Amounts payable within one year | 42/48 | €41,820 | €39,626 | -€2,194 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €18,590 | €19,334 | +€744 | +4.0% |
| Trade debts | 44 | €7,712 | €11,655 | +€3,943 | +51.1% |
| Suppliers | 440/4 | €7,712 | €11,655 | +€3,943 | +51.1% |
| Taxes, remuneration and social security | 45 | €6,176 | €5,724 | -€453 | -7.3% |
| Taxes | 450/3 | €6,176 | €5,724 | -€453 | -7.3% |
| Other amounts payable | 47/48 | €9,342 | €2,913 | -€6,428 | -68.8% |
| Accrued charges and deferred income | 492/3 | €1,306 | €945 | -€361 | -27.6% |
| Remuneration, social security and pensions | 62 | €343 | €1,240 | +€896 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,940 | €23,006 | +€6,066 | +35.8% |
| Other operating charges | 640/8 | €1,014 | €1,096 | +€81 | +8.0% |
| Non-recurring operating charges | 66A | €411 | €270 | -€142 | -34.5% |
| Gross operating margin | 9900 | €102,066 | €75,121 | -€26,945 | -26.4% |
| Operating profit (loss) | 9901 | €83,357 | €49,510 | -€33,847 | -40.6% |
| Financial income | 75/76B | €841 | €1,330 | +€489 | +58.1% |
| Recurring financial income | 75 | €841 | €1,330 | +€489 | +58.1% |
| Financial charges | 65/66B | €3,112 | €3,498 | +€385 | +12.4% |
| Recurring financial charges | 65 | €3,112 | €3,498 | +€385 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €81,086 | €47,343 | -€33,743 | -41.6% |
| Income taxes | 67/77 | €17,176 | €13,724 | -€3,453 | -20.1% |
| Profit (loss) for the period | 9904 | €63,909 | €33,619 | -€30,290 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,909 | €33,619 | -€30,290 | -47.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.