SIEMOENS: what changed
Two fiscal 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
SIEMOENS
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€161,996
2024 · -€36,314-€125,681
Equity
€1.7m
2024 · €1.9m-€161,996
Cash
€548,202
2024 · €123,774+€424,428
Balance sheet total
€7.2m
2024 · €7.0m+€145,468
Largest movements
Assets
- Tangible fixed assets -€1.5m
down €1.5m (-40.7%), from €3.6m to €2.1m
of which Land and buildings: -€1.1m
- Receivables within one year +€1.2m
up €1.2m (+46.2%), from €2.5m to €3.7m
of which Trade receivables: +€1.3m
- Cash +€424,428
up €424,428 (+342.9%), from €123,774 to €548,202
mainly Investment in fixed assets (net) (+€950,262) and Trade debts (+€592,082)
Equity and liabilities
- Trade debts +€592,082
up €592,082 (+42.3%), from €1.4m to €2.0m
- Debts after one year -€465,333
down €465,333 (-22.8%), from €2.0m to €1.6m
- Short-term financial debts +€233,114
up €233,114 (+45.1%), from €516,886 to €750,000
- Reserves -€161,996
down €161,996 (-13.2%), from €1.2m to €1.1m
of which Distributable reserves: -€161,996
- Current portion of long-term debt -€78,888
down €78,888 (-15.0%), from €524,996 to €446,108
Income statement
- Goods and materials +€1.2m
up €1.2m (+14.9%), from €8.2m to €9.4m
of which Purchases: +€1.6m
- Other operating income +€597,417
up €597,417 (+285.6%), from €209,159 to €806,577
- Staff costs +€162,603
up €162,603 (+7.2%), from €2.2m to €2.4m
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
-€36,314
Turnover
+€89,376
Other operating income
+€597,417
Goods and materials
-€1.2m
Services and other goods
+€45,493
Staff costs
-€162,603
Depreciation
+€79,991
Other operating charges
-€32,474
Other operating items
+€483,190
Financial income
-€10,538
Financial charges
-€5,559
Taxes
+€14,577
Result 2025
-€161,996
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
-€214,727
Investment
+€950,262
Financing
-€311,108
Cash 2024
€123,774
From operations (derived)
-€214,727
Net result for the year
-€161,996
Depreciation
+€510,966
Stocks and contracts
+€6,382
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€14,510
Trade debts
+€592,082
Tax, wage and social debts
+€28,615
Smaller working-capital items
-€2,126
Investment (derived)
+€950,262
Investment in fixed assets (net)
+€950,262
Financing
-€311,108
Debts after one year
-€465,333
Current portion of long-term debt
-€78,888
Short-term financial debts
+€233,114
Cash 2025
€548,202
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,014,196 | €7,159,664 | +€145,468 | +2.1% |
| Fixed assets | 21/28 | €3,745,137 | €2,283,909 | -€1.5m | -39.0% |
| Intangible fixed assets | 21 | €5,555 | €3,411 | -€2,144 | -38.6% |
| Tangible fixed assets | 22/27 | €3,605,025 | €2,138,238 | -€1.5m | -40.7% |
| Land and buildings | 22 | €2,024,307 | €941,872 | -€1.1m | -53.5% |
| Plant, machinery and equipment | 23 | €867,984 | €650,301 | -€217,682 | -25.1% |
| Furniture and vehicles | 24 | €712,734 | €546,065 | -€166,669 | -23.4% |
| Financial fixed assets | 28 | €134,557 | €142,260 | +€7,703 | +5.7% |
| Other financial fixed assets | 284/8 | €134,557 | €142,260 | +€7,703 | +5.7% |
| Shares | 284 | €14,150 | €14,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €120,407 | €128,110 | +€7,703 | +6.4% |
| Current assets | 29/58 | €3,269,058 | €4,875,755 | +€1.6m | +49.1% |
| Stocks and contracts in progress | 3 | €587,407 | €581,025 | -€6,382 | -1.1% |
| Stocks | 30/36 | €587,407 | €581,025 | -€6,382 | -1.1% |
| Goods purchased for resale | 34 | €347,310 | €275,764 | -€71,546 | -20.6% |
| Property held for sale | 35 | €240,097 | €305,262 | +€65,164 | +27.1% |
| Amounts receivable within one year | 40/41 | €2,541,579 | €3,715,719 | +€1.2m | +46.2% |
| Trade receivables | 40 | €2,236,882 | €3,584,157 | +€1.3m | +60.2% |
| Other amounts receivable | 41 | €304,696 | €131,561 | -€173,135 | -56.8% |
| Cash at bank and in hand | 54/58 | €123,774 | €548,202 | +€424,428 | +342.9% |
| Deferred charges and accrued income | 490/1 | €16,299 | €30,809 | +€14,510 | +89.0% |
| Total equity and liabilities | 10/49 | €7,014,196 | €7,159,664 | +€145,468 | +2.1% |
| Equity | 10/15 | €1,907,897 | €1,745,901 | -€161,996 | -8.5% |
| Contributions | 10/11 | €682,677 | €682,677 | = | 0.0% |
| Reserves | 13 | €1,225,220 | €1,063,224 | -€161,996 | -13.2% |
| Non-distributable reserves | 130/1 | €83,849 | €83,849 | = | 0.0% |
| Reserves not available under the articles | 1311 | €83,849 | €83,849 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,036,121 | €874,125 | -€161,996 | -15.6% |
| Amounts payable | 17/49 | €5,106,299 | €5,413,762 | +€307,463 | +6.0% |
| Amounts payable after more than one year | 17 | €2,037,836 | €1,572,503 | -€465,333 | -22.8% |
| Financial debts | 170/4 | €2,037,836 | €1,572,503 | -€465,333 | -22.8% |
| Credit institutions | 173 | €2,037,836 | €1,572,503 | -€465,333 | -22.8% |
| Amounts payable within one year | 42/48 | €2,954,537 | €3,729,669 | +€775,132 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €524,996 | €446,108 | -€78,888 | -15.0% |
| Financial debts | 43 | €516,886 | €750,000 | +€233,114 | +45.1% |
| Credit institutions | 430/8 | €516,886 | €750,000 | +€233,114 | +45.1% |
| Trade debts | 44 | €1,398,133 | €1,990,215 | +€592,082 | +42.3% |
| Suppliers | 440/4 | €1,398,133 | €1,990,215 | +€592,082 | +42.3% |
| Taxes, remuneration and social security | 45 | €199,148 | €227,762 | +€28,615 | +14.4% |
| Taxes | 450/3 | €39,434 | €24,065 | -€15,370 | -39.0% |
| Remuneration and social security | 454/9 | €159,713 | €203,698 | +€43,984 | +27.5% |
| Other amounts payable | 47/48 | €315,374 | €315,583 | +€209 | +0.1% |
| Accrued charges and deferred income | 492/3 | €113,925 | €111,591 | -€2,335 | -2.0% |
| Operating income | 70/76A | €12,519,496 | €13,689,479 | +€1.2m | +9.3% |
| Turnover | 70 | €12,793,527 | €12,882,903 | +€89,376 | +0.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€483,190 | - | +€483,190 | |
| Other operating income | 74 | €209,159 | €806,577 | +€597,417 | +285.6% |
| Operating charges | 60/66A | €12,492,492 | €13,786,636 | +€1.3m | +10.4% |
| Goods for resale, raw materials and consumables | 60 | €8,201,421 | €9,425,973 | +€1.2m | +14.9% |
| Purchases | 600/8 | €7,857,187 | €9,419,592 | +€1.6m | +19.9% |
| Change in stocks: decrease (increase) | 609 | €344,234 | €6,382 | -€337,852 | -98.1% |
| Services and other goods | 61 | €1,416,662 | €1,371,169 | -€45,493 | -3.2% |
| Remuneration, social security and pensions | 62 | €2,248,416 | €2,411,018 | +€162,603 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €590,957 | €510,966 | -€79,991 | -13.5% |
| Other operating charges | 640/8 | €35,035 | €67,509 | +€32,474 | +92.7% |
| Operating profit (loss) | 9901 | €27,004 | -€97,157 | -€124,161 | |
| Financial income | 75/76B | €51,956 | €41,418 | -€10,538 | -20.3% |
| Recurring financial income | 75 | €51,956 | €41,418 | -€10,538 | -20.3% |
| Other financial income | 752/9 | €51,956 | €41,418 | -€10,538 | -20.3% |
| Financial charges | 65/66B | €99,640 | €105,199 | +€5,559 | +5.6% |
| Recurring financial charges | 65 | €99,640 | €105,199 | +€5,559 | +5.6% |
| Debt charges | 650 | €65,666 | €57,505 | -€8,161 | -12.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €3,761 | €4,287 | +€527 | +14.0% |
| Other financial charges | 652/9 | €30,213 | €43,406 | +€13,193 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,680 | -€160,938 | -€140,258 | -678.2% |
| Income taxes | 67/77 | €15,635 | €1,058 | -€14,577 | -93.2% |
| Taxes | 670/3 | €15,635 | €1,058 | -€14,577 | -93.2% |
| Profit (loss) for the period | 9904 | -€36,314 | -€161,996 | -€125,681 | -346.1% |
| Transfer from tax-exempt reserves | 789 | €64,578 | - | -€64,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,264 | -€161,996 | -€190,260 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.