SIEMKENSHEUVEL: what changed
SIEMKENSHEUVEL
Largest movements
- Cash +€48,601
up €48,601 (+160%), from €30,368 to €78,969
mainly Net result for the year (+€46,494) and Depreciation (+€11,241)
- Tangible fixed assets -€17,044
down €17,044 (-21.6%), from €78,920 to €61,876
of which Land and buildings: -€16,637
- Reserves +€43,993
up €43,993 (+104%), from €42,476 to €86,469
- Other debts -€18,495
down €18,495 (-38.6%), from €47,943 to €29,448
- Tax, wage and social debts +€6,369
new in 2025: €6,369
- Accrued charges and deferred income -€2,853
no longer reported in 2025 (was €2,853)
- Profit (loss) carried forward +€2,500
no longer reported in 2025 (was -€2,500)
- Gross operating margin +€52,711
up €52,711 (+187%), from €28,241 to €80,951
- Taxes +€20,369
new in 2025: €20,369
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 | €109,371 | €140,928 | +€31,557 | +28.9% |
| Fixed assets | 21/28 | €78,920 | €61,876 | -€17,044 | -21.6% |
| Tangible fixed assets | 22/27 | €78,920 | €61,876 | -€17,044 | -21.6% |
| Land and buildings | 22 | €77,888 | €61,251 | -€16,637 | -21.4% |
| Furniture and vehicles | 24 | €1,031 | €625 | -€407 | -39.4% |
| Current assets | 29/58 | €30,452 | €79,053 | +€48,601 | +160% |
| Current investments | 50/53 | €84 | €84 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,368 | €78,969 | +€48,601 | +160% |
| Total equity and liabilities | 10/49 | €109,371 | €140,928 | +€31,557 | +28.9% |
| Equity | 10/15 | €58,576 | €105,069 | +€46,494 | +79.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,476 | €86,469 | +€43,993 | +104% |
| Distributable reserves | 133 | €42,476 | €86,469 | +€43,993 | +104% |
| Profit (loss) carried forward | 14 | -€2,500 | - | +€2,500 | |
| Amounts payable | 17/49 | €50,796 | €35,859 | -€14,937 | -29.4% |
| Amounts payable within one year | 42/48 | €47,943 | €35,859 | -€12,084 | -25.2% |
| Trade debts | 44 | - | €42 | +€42 | |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Taxes, remuneration and social security | 45 | - | €6,369 | +€6,369 | |
| Taxes | 450/3 | - | €6,369 | +€6,369 | |
| Other amounts payable | 47/48 | €47,943 | €29,448 | -€18,495 | -38.6% |
| Accrued charges and deferred income | 492/3 | €2,853 | - | -€2,853 | |
| Non-recurring operating income | 76A | - | €60,610 | +€60,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,965 | €11,241 | -€724 | -6.0% |
| Other operating charges | 640/8 | €2,763 | €2,848 | +€85 | +3.1% |
| Gross operating margin | 9900 | €28,241 | €80,951 | +€52,711 | +187% |
| Operating profit (loss) | 9901 | €13,513 | €66,863 | +€53,350 | +395% |
| Profit (loss) for the period before taxes | 9903 | €13,513 | €66,863 | +€53,350 | +395% |
| Income taxes | 67/77 | - | €20,369 | +€20,369 | |
| Profit (loss) for the period | 9904 | €13,513 | €46,494 | +€32,980 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €13,513 | €46,494 | +€32,980 | +244% |
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 3 November 2026 via checked.be.