SIEMENS INDUSTRY SOFTWARE: 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.
What changed
SIEMENS INDUSTRY SOFTWARE
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34.7m
2024 · -€41.7m+€7.0m
Equity
€205.5m
2024 · €240.2m-€34.7m
Cash
€102,670
2024 · €99,236+€3,434
Balance sheet total
€482.8m
2024 · €598.1m-€115.3m
Largest movements
Assets
- Intangible fixed assets -€75.3m
down €75.3m (-14.7%), from €513.4m to €438.2m
- Receivables within one year -€40.5m
down €40.5m (-53.6%), from €75.6m to €35.1m
of which Trade receivables: -€38.0m
Equity and liabilities
- Other debts -€65.7m
down €65.7m (-54.1%), from €121.5m to €55.7m
- Contributions -€34.7m
down €34.7m (-18.5%), from €188.3m to €153.6m
of which Contributions outside capital: -€34.7m
- Debts after one year -€25.0m
down €25.0m (-15.0%), from €166.7m to €141.7m
- Trade debts +€13.3m
up €13.3m (+108.7%), from €12.2m to €25.4m
Income statement
- Turnover +€47.2m
up €47.2m (+15.4%), from €306.4m to €353.6m
- Financial income -€29.1m
down €29.1m (-71.5%), from €40.7m to €11.6m
- Services and other goods +€14.7m
up €14.7m (+5.8%), from €254.6m to €269.4m
- Depreciation -€4.0m
down €4.0m (-4.5%), from €89.0m to €85.0m
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.
Result 2024
-€41.7m
Turnover
+€47.2m
Other operating income
+€323,131
Goods and materials
-€93,561
Services and other goods
-€14.7m
Staff costs
+€1.6m
Depreciation
+€4.0m
Write-downs
-€91,410
Other operating charges
+€385,083
Other operating items
-€2.4m
Financial income
-€29.1m
Financial charges
+€1.0m
Taxes
-€1.2m
Result 2025
-€34.7m
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.
From operations
+€34.1m
Investment
-€9.1m
Financing
-€25.0m
Cash 2024
€99,236
From operations (derived)
+€34.1m
Net result for the year
-€34.7m
Depreciation
+€85.0m
Stocks and contracts
-€1.1m
Receivables within one year
+€40.5m
Deferred charges and accrued income
-€52,786
Trade debts
+€13.3m
Tax, wage and social debts
-€4.1m
Other debts
-€65.7m
Accrued charges and deferred income
+€1.1m
Investment (derived)
-€9.1m
Investment in fixed assets (net)
-€9.1m
Financing
-€25.0m
Debts after one year
-€25.0m
Current portion of long-term debt
-€18,422
Contributions, distributions and other
+€128
Cash 2025
€102,670
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €598,092,397 | €482,800,479 | -€115.3m | -19.3% |
| Fixed assets | 21/28 | €520,121,935 | €444,203,702 | -€75.9m | -14.6% |
| Intangible fixed assets | 21 | €513,420,368 | €438,165,956 | -€75.3m | -14.7% |
| Tangible fixed assets | 22/27 | €6,388,517 | €5,726,262 | -€662,255 | -10.4% |
| Land and buildings | 22 | €4,082,686 | €3,566,014 | -€516,672 | -12.7% |
| Plant, machinery and equipment | 23 | €2,128,996 | €1,943,517 | -€185,479 | -8.7% |
| Furniture and vehicles | 24 | €130,693 | €170,951 | +€40,258 | +30.8% |
| Other tangible fixed assets | 26 | €46,142 | €45,781 | -€361 | -0.8% |
| Financial fixed assets | 28 | €313,049 | €311,483 | -€1,566 | -0.5% |
| Affiliated companies | 280/1 | €262,355 | €262,355 | = | 0.0% |
| Participating interests | 280 | €262,355 | €262,355 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50,694 | €49,128 | -€1,566 | -3.1% |
| Amounts receivable and cash guarantees | 285/8 | €50,694 | €49,128 | -€1,566 | -3.1% |
| Current assets | 29/58 | €77,970,462 | €38,596,777 | -€39.4m | -50.5% |
| Stocks and contracts in progress | 3 | €640,004 | €1,698,297 | +€1.1m | +165.4% |
| Stocks | 30/36 | €425,339 | €1,655,992 | +€1.2m | +289.3% |
| Goods purchased for resale | 34 | €425,339 | €1,655,992 | +€1.2m | +289.3% |
| Contracts in progress | 37 | €214,665 | €42,305 | -€172,360 | -80.3% |
| Amounts receivable within one year | 40/41 | €75,581,370 | €35,093,171 | -€40.5m | -53.6% |
| Trade receivables | 40 | €73,053,153 | €35,033,306 | -€38.0m | -52.0% |
| Other amounts receivable | 41 | €2,528,217 | €59,865 | -€2.5m | -97.6% |
| Cash at bank and in hand | 54/58 | €99,236 | €102,670 | +€3,434 | +3.5% |
| Deferred charges and accrued income | 490/1 | €1,649,852 | €1,702,638 | +€52,786 | +3.2% |
| Total equity and liabilities | 10/49 | €598,092,397 | €482,800,479 | -€115.3m | -19.3% |
| Equity | 10/15 | €240,198,138 | €205,450,487 | -€34.7m | -14.5% |
| Contributions | 10/11 | €188,310,019 | €153,562,241 | -€34.7m | -18.5% |
| Capital | 10 | €17,019,171 | €17,019,171 | = | 0.0% |
| Issued capital | 100 | €17,019,171 | €17,019,171 | = | 0.0% |
| Contributions outside capital | 11 | €171,290,848 | €136,543,070 | -€34.7m | -20.3% |
| Share premium | 1100/10 | €171,290,848 | €136,543,070 | -€34.7m | -20.3% |
| Reserves | 13 | €51,888,118 | €51,888,246 | +€128 | 0.0% |
| Non-distributable reserves | 130/1 | €2,398,503 | €2,398,503 | = | 0.0% |
| Legal reserve | 130 | €131,185 | - | -€131,185 | |
| Reserves not available under the articles | 1311 | - | €131,185 | +€131,185 | |
| Other | 1319 | €2,267,318 | €2,267,318 | = | 0.0% |
| Distributable reserves | 133 | €49,489,616 | €49,489,743 | +€128 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €357,894,259 | €277,349,991 | -€80.5m | -22.5% |
| Amounts payable after more than one year | 17 | €166,666,667 | €141,666,667 | -€25.0m | -15.0% |
| Financial debts | 170/4 | €166,666,667 | €141,666,667 | -€25.0m | -15.0% |
| Other loans | 174 | €166,666,667 | €141,666,667 | -€25.0m | -15.0% |
| Amounts payable within one year | 42/48 | €182,045,553 | €125,438,915 | -€56.6m | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €25,141,234 | €25,122,812 | -€18,422 | -0.1% |
| Trade debts | 44 | €12,187,986 | €25,440,596 | +€13.3m | +108.7% |
| Suppliers | 440/4 | €12,187,986 | €25,440,596 | +€13.3m | +108.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,244,463 | €19,130,591 | -€4.1m | -17.7% |
| Taxes | 450/3 | €1,470,152 | €676,010 | -€794,142 | -54.0% |
| Remuneration and social security | 454/9 | €21,774,311 | €18,454,581 | -€3.3m | -15.2% |
| Other amounts payable | 47/48 | €121,471,870 | €55,744,916 | -€65.7m | -54.1% |
| Accrued charges and deferred income | 492/3 | €9,182,039 | €10,244,409 | +€1.1m | +11.6% |
| Operating income | 70/76A | €349,664,427 | €394,780,327 | +€45.1m | +12.9% |
| Turnover | 70 | €306,360,801 | €353,566,326 | +€47.2m | +15.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€576,951 | -€172,360 | +€404,591 | +70.1% |
| Own construction capitalised | 72 | €11,043,134 | €8,121,419 | -€2.9m | -26.5% |
| Other operating income | 74 | €32,441,778 | €32,764,909 | +€323,131 | +1.0% |
| Non-recurring operating income | 76A | €395,665 | €500,033 | +€104,368 | +26.4% |
| Operating charges | 60/66A | €423,213,541 | €432,095,986 | +€8.9m | +2.1% |
| Goods for resale, raw materials and consumables | 60 | €1,745,128 | €1,838,689 | +€93,561 | +5.4% |
| Purchases | 600/8 | €1,549,649 | €3,069,343 | +€1.5m | +98.1% |
| Change in stocks: decrease (increase) | 609 | €195,480 | -€1,230,654 | -€1.4m | |
| Services and other goods | 61 | €254,641,721 | €269,368,141 | +€14.7m | +5.8% |
| Remuneration, social security and pensions | 62 | €77,104,000 | €75,474,312 | -€1.6m | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,032,436 | €85,018,262 | -€4.0m | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,146 | €121,556 | +€91,410 | +303.2% |
| Other operating charges | 640/8 | €660,109 | €275,026 | -€385,083 | -58.3% |
| Operating profit (loss) | 9901 | -€73,549,114 | -€37,315,659 | +€36.2m | +49.3% |
| Financial income | 75/76B | €40,737,978 | €11,629,577 | -€29.1m | -71.5% |
| Recurring financial income | 75 | €40,737,978 | €11,629,577 | -€29.1m | -71.5% |
| Income from financial fixed assets | 750 | €7,085,881 | €10,431,460 | +€3.3m | +47.2% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €33,652,096 | €1,198,117 | -€32.5m | -96.4% |
| Financial charges | 65/66B | €8,220,817 | €7,220,201 | -€1.0m | -12.2% |
| Recurring financial charges | 65 | €8,220,817 | €7,220,201 | -€1.0m | -12.2% |
| Debt charges | 650 | €8,220,817 | €6,579,334 | -€1.6m | -20.0% |
| Other financial charges | 652/9 | - | €640,867 | +€640,867 | |
| Profit (loss) for the period before taxes | 9903 | -€41,031,954 | -€32,906,282 | +€8.1m | +19.8% |
| Income taxes | 67/77 | €678,670 | €1,841,496 | +€1.2m | +171.3% |
| Taxes | 670/3 | €960,670 | €2,331,496 | +€1.4m | +142.7% |
| Tax adjustments and reversals of tax provisions | 77 | €282,000 | €490,000 | +€208,000 | +73.8% |
| Profit (loss) for the period | 9904 | -€41,710,623 | -€34,747,778 | +€7.0m | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,710,623 | -€34,747,778 | +€7.0m | +16.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.