SIEMENS: what changed
What changed
SIEMENS
NACE 33.200, Installation of industrial machinery and equipment
filed annual accounts (NBB)
Net result for the year
€19.1m
2024 · €23.2m-€4.1m
Equity
€70.6m
2024 · €70.5m+€105,279
Cash
€517,825
2024 · €676,156-€158,331
Balance sheet total
€219.2m
2024 · €217.0m+€2.2m
Largest movements
Assets
- Receivables within one year +€5.2m
up €5.2m (+3.2%), from €165.8m to €171.1m
of which Trade receivables: +€5.4m
- Stocks and contracts -€2.9m
down €2.9m (-6.1%), from €46.7m to €43.8m
of which Contracts in progress: -€2.5m
Equity and liabilities
- Provisions +€4.4m
up €4.4m (+16.7%), from €26.1m to €30.4m
- Other debts -€2.8m
down €2.8m (-11.7%), from €23.7m to €20.9m
Income statement
- Turnover +€17.3m
up €17.3m (+4.6%), from €376.7m to €394.0m
- Staff costs +€6.4m
up €6.4m (+6.2%), from €103.8m to €110.2m
- Provisions +€5.6m
up €5.6m, from -€1.3m to €4.4m
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.
Result 2024
€23.2m
Turnover
+€17.3m
Other operating income
-€2.9m
Goods and materials
+€3.0m
Services and other goods
-€467,344
Staff costs
-€6.4m
Depreciation
-€83,743
Write-downs
+€263,595
Provisions
-€5.6m
Other operating charges
-€123,073
Other operating items
-€9.3m
Financial income
-€942,456
Financial charges
-€541,466
Taxes
+€1.7m
Result 2025
€19.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20.6m
Investment
-€1.3m
Financing
-€19.5m
Cash 2024
€676,156
From operations (derived)
+€20.6m
Net result for the year
+€19.1m
Depreciation
+€1.1m
Receivables after one year
-€57,716
Stocks and contracts
+€2.9m
Receivables within one year
-€5.2m
Deferred charges and accrued income
+€270,355
Provisions
+€4.4m
Trade debts
+€854,089
Tax, wage and social debts
-€2.2m
Advances received
+€2.2m
Other debts
-€2.8m
Accrued charges and deferred income
+€28,848
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€19.5m
Debts after one year
-€425,766
Short-term financial debts
+€6
Contributions, distributions and other
-€19.0m
Cash 2025
€517,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,003,082 | €219,153,805 | +€2.2m | +1.0% |
| Fixed assets | 21/28 | €2,720,802 | €2,857,802 | +€137,000 | +5.0% |
| Intangible fixed assets | 21 | - | €416,226 | +€416,226 | |
| Tangible fixed assets | 22/27 | €2,671,552 | €2,392,426 | -€279,126 | -10.4% |
| Land and buildings | 22 | €1,215,775 | €785,105 | -€430,669 | -35.4% |
| Plant, machinery and equipment | 23 | €627,410 | €476,865 | -€150,544 | -24.0% |
| Furniture and vehicles | 24 | €596,989 | €421,470 | -€175,519 | -29.4% |
| Assets under construction and advance payments | 27 | €231,379 | €708,985 | +€477,606 | +206% |
| Financial fixed assets | 28 | €49,249 | €49,149 | -€100 | -0.2% |
| Other financial fixed assets | 284/8 | €49,249 | €49,149 | -€100 | -0.2% |
| Shares | 284 | €72 | €72 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €49,177 | €49,077 | -€100 | -0.2% |
| Current assets | 29/58 | €214,282,281 | €216,296,004 | +€2.0m | +0.9% |
| Amounts receivable after more than one year | 29 | €53,638 | €111,354 | +€57,716 | +108% |
| Trade receivables | 290 | €53,638 | €111,354 | +€57,716 | +108% |
| Stocks and contracts in progress | 3 | €46,682,072 | €43,818,315 | -€2.9m | -6.1% |
| Stocks | 30/36 | €5,308,788 | €4,989,989 | -€318,799 | -6.0% |
| Raw materials and consumables | 30/31 | €4,865 | - | -€4,865 | |
| Goods purchased for resale | 34 | €5,303,923 | €4,888,843 | -€415,079 | -7.8% |
| Advance payments | 36 | - | €101,146 | +€101,146 | |
| Contracts in progress | 37 | €41,373,284 | €38,828,326 | -€2.5m | -6.2% |
| Amounts receivable within one year | 40/41 | €165,833,938 | €171,082,388 | +€5.2m | +3.2% |
| Trade receivables | 40 | €72,398,657 | €77,810,972 | +€5.4m | +7.5% |
| Other amounts receivable | 41 | €93,435,282 | €93,271,416 | -€163,865 | -0.2% |
| Cash at bank and in hand | 54/58 | €676,156 | €517,825 | -€158,331 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,036,476 | €766,121 | -€270,355 | -26.1% |
| Total equity and liabilities | 10/49 | €217,003,082 | €219,153,805 | +€2.2m | +1.0% |
| Equity | 10/15 | €70,544,695 | €70,649,973 | +€105,279 | +0.1% |
| Contributions | 10/11 | €58,022,089 | €58,022,089 | = | 0.0% |
| Capital | 10 | €58,022,089 | €58,022,089 | = | 0.0% |
| Issued capital | 100 | €58,022,089 | €58,022,089 | = | 0.0% |
| Reserves | 13 | €12,522,606 | €12,627,884 | +€105,279 | +0.8% |
| Non-distributable reserves | 130/1 | €6,333,039 | €6,438,318 | +€105,279 | +1.7% |
| Legal reserve | 130 | €5,802,209 | €5,802,209 | = | 0.0% |
| Other | 1319 | €530,830 | €636,109 | +€105,279 | +19.8% |
| Tax-exempt reserves | 132 | €6,189,566 | €6,189,566 | = | 0.0% |
| Provisions and deferred taxes | 16 | €26,053,180 | €30,415,309 | +€4.4m | +16.7% |
| Provisions for liabilities and charges | 160/5 | €26,053,180 | €30,415,309 | +€4.4m | +16.7% |
| Pensions and similar obligations | 160 | €1,431,121 | €907,515 | -€523,606 | -36.6% |
| Environmental obligations | 163 | €3,197,808 | €3,742,863 | +€545,055 | +17.0% |
| Other liabilities and charges | 164/5 | €21,424,251 | €25,764,931 | +€4.3m | +20.3% |
| Amounts payable | 17/49 | €120,405,208 | €118,088,523 | -€2.3m | -1.9% |
| Amounts payable after more than one year | 17 | €1,536,758 | €1,110,992 | -€425,766 | -27.7% |
| Other amounts payable | 178/9 | €1,536,758 | €1,110,992 | -€425,766 | -27.7% |
| Amounts payable within one year | 42/48 | €108,652,215 | €106,732,449 | -€1.9m | -1.8% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €26,482,102 | €27,336,191 | +€854,089 | +3.2% |
| Suppliers | 440/4 | €26,482,102 | €27,336,191 | +€854,089 | +3.2% |
| Advances received on contracts in progress | 46 | €17,625,065 | €19,777,878 | +€2.2m | +12.2% |
| Taxes, remuneration and social security | 45 | €40,856,101 | €38,700,452 | -€2.2m | -5.3% |
| Taxes | 450/3 | €8,935,810 | €7,605,938 | -€1.3m | -14.9% |
| Remuneration and social security | 454/9 | €31,920,291 | €31,094,514 | -€825,777 | -2.6% |
| Other amounts payable | 47/48 | €23,688,947 | €20,917,922 | -€2.8m | -11.7% |
| Accrued charges and deferred income | 492/3 | €10,216,235 | €10,245,082 | +€28,848 | +0.3% |
| Operating income | 70/76A | €403,587,627 | €408,734,237 | +€5.1m | +1.3% |
| Turnover | 70 | €376,668,119 | €393,995,537 | +€17.3m | +4.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €6,007,754 | -€3,289,899 | -€9.3m | |
| Other operating income | 74 | €20,896,111 | €18,028,599 | -€2.9m | -13.7% |
| Non-recurring operating income | 76A | €15,642 | - | -€15,642 | |
| Operating charges | 60/66A | €371,379,611 | €380,832,449 | +€9.5m | +2.5% |
| Goods for resale, raw materials and consumables | 60 | €220,546,300 | €217,544,066 | -€3.0m | -1.4% |
| Purchases | 600/8 | €216,003,689 | €217,178,389 | +€1.2m | +0.5% |
| Change in stocks: decrease (increase) | 609 | €4,542,611 | €365,677 | -€4.2m | -92.0% |
| Services and other goods | 61 | €46,223,009 | €46,690,353 | +€467,344 | +1.0% |
| Remuneration, social security and pensions | 62 | €103,777,381 | €110,169,144 | +€6.4m | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063,835 | €1,147,578 | +€83,743 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €178,247 | -€85,347 | -€263,595 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,283,528 | €4,362,129 | +€5.6m | |
| Other operating charges | 640/8 | €870,174 | €993,247 | +€123,073 | +14.1% |
| Non-recurring operating charges | 66A | €4,193 | €11,280 | +€7,087 | +169% |
| Operating profit (loss) | 9901 | €32,208,016 | €27,901,788 | -€4.3m | -13.4% |
| Financial income | 75/76B | €3,323,835 | €2,381,379 | -€942,456 | -28.4% |
| Recurring financial income | 75 | €3,323,835 | €2,381,379 | -€942,456 | -28.4% |
| Income from financial fixed assets | 750 | - | €383 | +€383 | |
| Income from current assets | 751 | €3,248,939 | €1,971,949 | -€1.3m | -39.3% |
| Other financial income | 752/9 | €74,896 | €409,048 | +€334,152 | +446% |
| Financial charges | 65/66B | €2,576,973 | €3,118,439 | +€541,466 | +21.0% |
| Recurring financial charges | 65 | €2,576,973 | €3,118,439 | +€541,466 | +21.0% |
| Debt charges | 650 | €940,794 | €1,119,010 | +€178,216 | +18.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€18,014 | €112,097 | +€130,111 | |
| Other financial charges | 652/9 | €1,654,193 | €1,887,332 | +€233,139 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €32,954,877 | €27,164,728 | -€5.8m | -17.6% |
| Income taxes | 67/77 | €9,726,483 | €8,026,406 | -€1.7m | -17.5% |
| Taxes | 670/3 | €9,726,483 | €8,176,239 | -€1.6m | -15.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €149,833 | +€149,833 | |
| Profit (loss) for the period | 9904 | €23,228,394 | €19,138,321 | -€4.1m | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,228,394 | €19,138,321 | -€4.1m | -17.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.