SIEMES SOLUTIONS: 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.
SIEMES SOLUTIONS
Largest movements
- Cash -€123,344
down €123,344 (-97.1%), from €127,055 to €3,711
mainly Other debts (-€84,968) and Net result for the year (-€33,652)
- Tangible fixed assets -€37,275
down €37,275 (-10.0%), from €372,708 to €335,434
of which Land and buildings: -€22,426
- Receivables within one year -€8,078
down €8,078 (-42.8%), from €18,868 to €10,790
of which Other amounts receivable: -€8,078
- Other debts -€84,968
down €84,968 (-68.8%), from €123,428 to €38,460
- Profit (loss) carried forward -€33,652
down €33,652, from €0 to -€33,652
- Debts after one year -€25,476
down €25,476 (-14.0%), from €181,342 to €155,866
of which Financial debts: -€25,476
- Current portion of long-term debt -€18,770
down €18,770 (-42.4%), from €44,254 to €25,484
- Gross operating margin -€35,998
down €35,998 (-75.0%), from €48,015 to €12,017
- Financial income -€1,011
down €1,011 (-85.4%), from €1,184 to €173
- Taxes -€921
down €921 (-92.6%), from €995 to €74
- Financial charges -€733
down €733 (-24.6%), from €2,974 to €2,241
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 | €519,214 | €351,972 | -€167,242 | -32.2% |
| Fixed assets | 21/28 | €372,708 | €335,434 | -€37,275 | -10.0% |
| Tangible fixed assets | 22/27 | €372,708 | €335,434 | -€37,275 | -10.0% |
| Land and buildings | 22 | €336,639 | €314,213 | -€22,426 | -6.7% |
| Plant, machinery and equipment | 23 | €215 | €0 | -€215 | -100% |
| Furniture and vehicles | 24 | €35,854 | €21,220 | -€14,634 | -40.8% |
| Current assets | 29/58 | €146,505 | €16,538 | -€129,967 | -88.7% |
| Amounts receivable within one year | 40/41 | €18,868 | €10,790 | -€8,078 | -42.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €18,868 | €10,790 | -€8,078 | -42.8% |
| Cash at bank and in hand | 54/58 | €127,055 | €3,711 | -€123,344 | -97.1% |
| Deferred charges and accrued income | 490/1 | €582 | €2,037 | +€1,455 | +250% |
| Total equity and liabilities | 10/49 | €519,214 | €351,972 | -€167,242 | -32.2% |
| Equity | 10/15 | €158,910 | €125,259 | -€33,652 | -21.2% |
| Contributions | 10/11 | €22,550 | €22,550 | = | 0.0% |
| Reserves | 13 | €136,360 | €136,360 | = | 0.0% |
| Distributable reserves | 133 | €136,360 | €136,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€33,652 | -€33,652 | |
| Amounts payable | 17/49 | €360,304 | €226,713 | -€133,590 | -37.1% |
| Amounts payable after more than one year | 17 | €181,342 | €155,866 | -€25,476 | -14.0% |
| Financial debts | 170/4 | €178,642 | €153,166 | -€25,476 | -14.3% |
| Other amounts payable | 178/9 | €2,700 | €2,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,552 | €69,476 | -€104,076 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €44,254 | €25,484 | -€18,770 | -42.4% |
| Trade debts | 44 | €3,867 | €3,456 | -€412 | -10.6% |
| Suppliers | 440/4 | €3,867 | €3,456 | -€412 | -10.6% |
| Taxes, remuneration and social security | 45 | €2,003 | €2,077 | +€74 | +3.7% |
| Taxes | 450/3 | €2,003 | €2,077 | +€74 | +3.7% |
| Other amounts payable | 47/48 | €123,428 | €38,460 | -€84,968 | -68.8% |
| Accrued charges and deferred income | 492/3 | €5,410 | €1,371 | -€4,038 | -74.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,567 | €37,275 | -€293 | -0.8% |
| Other operating charges | 640/8 | €6,546 | €6,252 | -€293 | -4.5% |
| Gross operating margin | 9900 | €48,015 | €12,017 | -€35,998 | -75.0% |
| Operating profit (loss) | 9901 | €3,902 | -€31,510 | -€35,412 | |
| Financial income | 75/76B | €1,184 | €173 | -€1,011 | -85.4% |
| Recurring financial income | 75 | €1,184 | €173 | -€1,011 | -85.4% |
| Financial charges | 65/66B | €2,974 | €2,241 | -€733 | -24.6% |
| Recurring financial charges | 65 | €2,974 | €2,241 | -€733 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €2,113 | -€33,578 | -€35,691 | |
| Income taxes | 67/77 | €995 | €74 | -€921 | -92.6% |
| Profit (loss) for the period | 9904 | €1,118 | -€33,652 | -€34,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,118 | -€33,652 | -€34,770 |
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 19 October 2026 via checked.be.