SIEMPRE: 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.
SIEMPRE
Largest movements
- Receivables within one year -€46,844
down €46,844 (-92.3%), from €50,731 to €3,887
of which Other amounts receivable: -€50,175
- Cash -€31,596
down €31,596 (-25.9%), from €122,005 to €90,409
mainly Trade debts (-€51,085) and Other debts (-€39,448)
- Tangible fixed assets -€16,236
down €16,236 (-22.4%), from €72,551 to €56,314
of which Other tangible fixed assets: -€12,735
- Trade debts -€51,085
down €51,085 (-41.3%), from €123,553 to €72,468
- Other debts -€39,448
down €39,448 (-52.6%), from €75,028 to €35,580
- Tax, wage and social debts -€2,929
down €2,929 (-5.5%), from €53,478 to €50,549
of which Remuneration and social security: -€5,265
- Gross operating margin -€95,630
down €95,630 (-21.4%), from €446,128 to €350,499
- Taxes -€23,491
down €23,491 (-89.9%), from €26,125 to €2,634
- Depreciation -€4,610
down €4,610 (-22.1%), from €20,846 to €16,236
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,975 | €177,364 | -€94,611 | -34.8% |
| Fixed assets | 21/28 | €81,634 | €66,988 | -€14,646 | -17.9% |
| Tangible fixed assets | 22/27 | €72,551 | €56,314 | -€16,236 | -22.4% |
| Plant, machinery and equipment | 23 | €11,273 | €7,772 | -€3,501 | -31.1% |
| Other tangible fixed assets | 26 | €61,277 | €48,542 | -€12,735 | -20.8% |
| Financial fixed assets | 28 | €9,083 | €10,674 | +€1,591 | +17.5% |
| Current assets | 29/58 | €190,341 | €110,376 | -€79,965 | -42.0% |
| Stocks and contracts in progress | 3 | €16,865 | €16,079 | -€786 | -4.7% |
| Stocks | 30/36 | €16,865 | €16,079 | -€786 | -4.7% |
| Amounts receivable within one year | 40/41 | €50,731 | €3,887 | -€46,844 | -92.3% |
| Trade receivables | 40 | €57 | €3,387 | +€3,331 | +5864.7% |
| Other amounts receivable | 41 | €50,675 | €500 | -€50,175 | -99.0% |
| Cash at bank and in hand | 54/58 | €122,005 | €90,409 | -€31,596 | -25.9% |
| Deferred charges and accrued income | 490/1 | €739 | - | -€739 | |
| Total equity and liabilities | 10/49 | €271,975 | €177,364 | -€94,611 | -34.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €253,375 | €158,764 | -€94,611 | -37.3% |
| Amounts payable within one year | 42/48 | €253,375 | €158,764 | -€94,611 | -37.3% |
| Trade debts | 44 | €123,553 | €72,468 | -€51,085 | -41.3% |
| Suppliers | 440/4 | €123,553 | €72,468 | -€51,085 | -41.3% |
| Advances received on contracts in progress | 46 | €1,316 | €167 | -€1,149 | -87.3% |
| Taxes, remuneration and social security | 45 | €53,478 | €50,549 | -€2,929 | -5.5% |
| Taxes | 450/3 | €20,424 | €22,760 | +€2,336 | +11.4% |
| Remuneration and social security | 454/9 | €33,054 | €27,789 | -€5,265 | -15.9% |
| Other amounts payable | 47/48 | €75,028 | €35,580 | -€39,448 | -52.6% |
| Remuneration, social security and pensions | 62 | €322,406 | €320,007 | -€2,399 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,846 | €16,236 | -€4,610 | -22.1% |
| Other operating charges | 640/8 | €10,852 | €12,440 | +€1,588 | +14.6% |
| Gross operating margin | 9900 | €446,128 | €350,499 | -€95,630 | -21.4% |
| Operating profit (loss) | 9901 | €92,024 | €1,815 | -€90,209 | -98.0% |
| Financial income | 75/76B | €2,189 | €3,247 | +€1,058 | +48.3% |
| Recurring financial income | 75 | €2,189 | €3,247 | +€1,058 | +48.3% |
| Financial charges | 65/66B | €1,122 | €1,182 | +€60 | +5.3% |
| Recurring financial charges | 65 | €1,122 | €1,182 | +€60 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €93,091 | €3,880 | -€89,211 | -95.8% |
| Income taxes | 67/77 | €26,125 | €2,634 | -€23,491 | -89.9% |
| Profit (loss) for the period | 9904 | €66,966 | €1,246 | -€65,720 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,966 | €1,246 | -€65,720 | -98.1% |
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 4 October 2026 via checked.be.