SIEMMO: 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.
SIEMMO
Largest movements
- Tangible fixed assets +€229,859
up €229,859 (+27.3%), from €842,907 to €1.1m
of which Land and buildings: +€216,640
- Stocks and contracts -€216,194
down €216,194 (-83.2%), from €259,962 to €43,768
- Receivables within one year -€190,832
down €190,832 (-41.3%), from €462,260 to €271,428
of which Trade receivables: -€345,647
- Other debts -€138,628
down €138,628 (-99.0%), from €140,000 to €1,372
- Short-term financial debts -€98,776
down €98,776 (-69.7%), from €141,776 to €43,000
- Debts after one year +€64,047
up €64,047 (+9.8%), from €650,505 to €714,553
- Trade debts -€39,589
down €39,589 (-89.6%), from €44,197 to €4,608
- Current portion of long-term debt +€25,946
up €25,946 (+38.0%), from €68,313 to €94,259
- Gross operating margin -€273,327
down €273,327 (-60.7%), from €450,299 to €176,972
- Taxes -€67,456
down €67,456 (-86.9%), from €77,641 to €10,185
- Depreciation -€40,584
down €40,584 (-28.6%), from €141,859 to €101,275
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 | €1,614,435 | €1,424,222 | -€190,212 | -11.8% |
| Fixed assets | 21/28 | €842,907 | €1,073,106 | +€230,198 | +27.3% |
| Tangible fixed assets | 22/27 | €842,907 | €1,072,766 | +€229,859 | +27.3% |
| Land and buildings | 22 | €624,598 | €841,238 | +€216,640 | +34.7% |
| Furniture and vehicles | 24 | €218,309 | €231,528 | +€13,218 | +6.1% |
| Financial fixed assets | 28 | - | €340 | +€340 | |
| Current assets | 29/58 | €771,527 | €351,116 | -€420,411 | -54.5% |
| Stocks and contracts in progress | 3 | €259,962 | €43,768 | -€216,194 | -83.2% |
| Stocks | 30/36 | €259,962 | €43,768 | -€216,194 | -83.2% |
| Amounts receivable within one year | 40/41 | €462,260 | €271,428 | -€190,832 | -41.3% |
| Trade receivables | 40 | €462,258 | €116,611 | -€345,647 | -74.8% |
| Other amounts receivable | 41 | €2 | €154,817 | +€154,815 | +7,037,051% |
| Cash at bank and in hand | 54/58 | €44,914 | €29,186 | -€15,728 | -35.0% |
| Deferred charges and accrued income | 490/1 | €4,391 | €6,734 | +€2,343 | +53.4% |
| Total equity and liabilities | 10/49 | €1,614,435 | €1,424,222 | -€190,212 | -11.8% |
| Equity | 10/15 | €503,657 | €527,099 | +€23,442 | +4.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €493,657 | €517,099 | +€23,442 | +4.7% |
| Distributable reserves | 133 | €493,657 | €517,099 | +€23,442 | +4.7% |
| Amounts payable | 17/49 | €1,110,777 | €897,123 | -€213,654 | -19.2% |
| Amounts payable after more than one year | 17 | €650,505 | €714,553 | +€64,047 | +9.8% |
| Financial debts | 170/4 | €650,505 | €714,553 | +€64,047 | +9.8% |
| Amounts payable within one year | 42/48 | €445,696 | €171,798 | -€273,898 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €68,313 | €94,259 | +€25,946 | +38.0% |
| Financial debts | 43 | €141,776 | €43,000 | -€98,776 | -69.7% |
| Credit institutions | 430/8 | €141,776 | €43,000 | -€98,776 | -69.7% |
| Trade debts | 44 | €44,197 | €4,608 | -€39,589 | -89.6% |
| Suppliers | 440/4 | €44,197 | €4,608 | -€39,589 | -89.6% |
| Taxes, remuneration and social security | 45 | €51,410 | €28,559 | -€22,851 | -44.4% |
| Taxes | 450/3 | €51,410 | €28,559 | -€22,851 | -44.4% |
| Other amounts payable | 47/48 | €140,000 | €1,372 | -€138,628 | -99.0% |
| Accrued charges and deferred income | 492/3 | €14,576 | €10,772 | -€3,804 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,859 | €101,275 | -€40,584 | -28.6% |
| Other operating charges | 640/8 | €1,404 | €4,017 | +€2,613 | +186% |
| Non-recurring operating charges | 66A | €10,732 | - | -€10,732 | |
| Gross operating margin | 9900 | €450,299 | €176,972 | -€273,327 | -60.7% |
| Operating profit (loss) | 9901 | €296,304 | €71,680 | -€224,625 | -75.8% |
| Financial income | 75/76B | - | €1,527 | +€1,527 | |
| Recurring financial income | 75 | - | €1,527 | +€1,527 | |
| Financial charges | 65/66B | €42,202 | €39,580 | -€2,622 | -6.2% |
| Recurring financial charges | 65 | €42,202 | €39,580 | -€2,622 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €254,102 | €33,627 | -€220,476 | -86.8% |
| Income taxes | 67/77 | €77,641 | €10,185 | -€67,456 | -86.9% |
| Profit (loss) for the period | 9904 | €176,462 | €23,442 | -€153,020 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €176,462 | €23,442 | -€153,020 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.