SIEMEN BUTTIËNS: 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.
SIEMEN BUTTIËNS
Largest movements
- Receivables within one year +€34,561
up €34,561 (+2,597%), from €1,331 to €35,892
of which Other amounts receivable: +€30,446
- Tangible fixed assets +€7,083
new in 2025: €7,083
- Cash -€6,430
down €6,430 (-18.6%), from €34,512 to €28,082
mainly Receivables within one year (-€34,561) and Other debts (-€14,720)
- Reserves +€42,776
up €42,776 (+664%), from €6,439 to €49,215
- Other debts -€14,720
down €14,720 (-100%), from €14,720 to €0
- Trade debts +€5,642
up €5,642 (+488%), from €1,156 to €6,798
- Tax, wage and social debts +€934
up €934 (+10.3%), from €9,109 to €10,043
- Gross operating margin +€55,156
up €55,156 (+606%), from €9,106 to €64,262
- Taxes +€13,956
up €13,956 (+578%), from €2,414 to €16,371
- Financial charges +€2,294
up €2,294 (+907%), from €253 to €2,546
- Other operating charges +€2,057
new in 2025: €2,057
- Depreciation +€938
new in 2025: €938
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 | €36,423 | €71,056 | +€34,633 | +95.1% |
| Fixed assets | 21/28 | - | €7,083 | +€7,083 | |
| Tangible fixed assets | 22/27 | - | €7,083 | +€7,083 | |
| Land and buildings | 22 | - | €7,083 | +€7,083 | |
| Current assets | 29/58 | €36,423 | €63,973 | +€27,550 | +75.6% |
| Amounts receivable within one year | 40/41 | €1,331 | €35,892 | +€34,561 | +2,597% |
| Trade receivables | 40 | €1,331 | €5,446 | +€4,115 | +309% |
| Other amounts receivable | 41 | - | €30,446 | +€30,446 | |
| Cash at bank and in hand | 54/58 | €34,512 | €28,082 | -€6,430 | -18.6% |
| Deferred charges and accrued income | 490/1 | €581 | €0 | -€581 | -100% |
| Total equity and liabilities | 10/49 | €36,423 | €71,056 | +€34,633 | +95.1% |
| Equity | 10/15 | €11,439 | €54,215 | +€42,776 | +374% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,439 | €49,215 | +€42,776 | +664% |
| Distributable reserves | 133 | €6,439 | €49,215 | +€42,776 | +664% |
| Amounts payable | 17/49 | €24,985 | €16,841 | -€8,143 | -32.6% |
| Amounts payable within one year | 42/48 | €24,985 | €16,841 | -€8,143 | -32.6% |
| Trade debts | 44 | €1,156 | €6,798 | +€5,642 | +488% |
| Suppliers | 440/4 | €1,156 | €6,798 | +€5,642 | +488% |
| Taxes, remuneration and social security | 45 | €9,109 | €10,043 | +€934 | +10.3% |
| Taxes | 450/3 | €9,109 | €10,043 | +€934 | +10.3% |
| Other amounts payable | 47/48 | €14,720 | €0 | -€14,720 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €938 | +€938 | |
| Other operating charges | 640/8 | - | €2,057 | +€2,057 | |
| Gross operating margin | 9900 | €9,106 | €64,262 | +€55,156 | +606% |
| Operating profit (loss) | 9901 | €9,106 | €61,267 | +€52,161 | +573% |
| Financial income | 75/76B | - | €426 | +€426 | |
| Recurring financial income | 75 | - | €426 | +€426 | |
| Financial charges | 65/66B | €253 | €2,546 | +€2,294 | +907% |
| Recurring financial charges | 65 | €253 | €2,546 | +€2,294 | +907% |
| Profit (loss) for the period before taxes | 9903 | €8,853 | €59,147 | +€50,294 | +568% |
| Income taxes | 67/77 | €2,414 | €16,371 | +€13,956 | +578% |
| Profit (loss) for the period | 9904 | €6,439 | €42,776 | +€36,337 | +564% |
| Profit (loss) for the period to be appropriated | 9905 | €6,439 | €42,776 | +€36,337 | +564% |
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 24 October 2026 via checked.be.