SIEMPRE: 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.
SIEMPRE
Largest movements
- Current investments +€220,000
new in 2025: €220,000
- Cash -€125,493
down €125,493 (-20.9%), from €600,408 to €474,915
mainly Contributions, distributions and other (-€339,291) and Current investments (-€220,000)
- Receivables within one year -€90,039
down €90,039 (-27.1%), from €331,701 to €241,662
of which Trade receivables: -€142,345
- Other debts +€215,755
up €215,755 (+317%), from €67,982 to €283,737
- Current portion of long-term debt -€85,222
down €85,222 (-68.1%), from €125,222 to €40,000
- Profit (loss) carried forward -€66,174
down €66,174 (-15.9%), from €416,174 to €350,000
- Trade debts -€45,579
down €45,579 (-15.6%), from €292,396 to €246,817
- Tax, wage and social debts -€12,940
down €12,940 (-95.9%), from €13,486 to €546
- Gross operating margin -€209,450
down €209,450 (-35.2%), from €594,203 to €384,753
- Taxes -€52,306
down €52,306 (-35.9%), from €145,722 to €93,417
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 | €934,861 | €940,701 | +€5,840 | +0.6% |
| Fixed assets | 21/28 | €2,059 | €3,400 | +€1,342 | +65.2% |
| Tangible fixed assets | 22/27 | €2,059 | €3,400 | +€1,342 | +65.2% |
| Furniture and vehicles | 24 | €965 | €2,698 | +€1,733 | +179% |
| Other tangible fixed assets | 26 | €1,093 | €702 | -€391 | -35.8% |
| Current assets | 29/58 | €932,803 | €937,301 | +€4,498 | +0.5% |
| Amounts receivable within one year | 40/41 | €331,701 | €241,662 | -€90,039 | -27.1% |
| Trade receivables | 40 | €327,424 | €185,079 | -€142,345 | -43.5% |
| Other amounts receivable | 41 | €4,278 | €56,583 | +€52,306 | +1,223% |
| Current investments | 50/53 | - | €220,000 | +€220,000 | |
| Cash at bank and in hand | 54/58 | €600,408 | €474,915 | -€125,493 | -20.9% |
| Deferred charges and accrued income | 490/1 | €694 | €724 | +€30 | +4.3% |
| Total equity and liabilities | 10/49 | €934,861 | €940,701 | +€5,840 | +0.6% |
| Equity | 10/15 | €434,774 | €368,600 | -€66,174 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,174 | €350,000 | -€66,174 | -15.9% |
| Amounts payable | 17/49 | €500,087 | €572,101 | +€72,014 | +14.4% |
| Amounts payable within one year | 42/48 | €499,087 | €571,101 | +€72,014 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €125,222 | €40,000 | -€85,222 | -68.1% |
| Trade debts | 44 | €292,396 | €246,817 | -€45,579 | -15.6% |
| Suppliers | 440/4 | €292,396 | €246,817 | -€45,579 | -15.6% |
| Taxes, remuneration and social security | 45 | €13,486 | €546 | -€12,940 | -95.9% |
| Taxes | 450/3 | €13,486 | €546 | -€12,940 | -95.9% |
| Other amounts payable | 47/48 | €67,982 | €283,737 | +€215,755 | +317% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €1,157 | -€42 | -3.5% |
| Other operating charges | 640/8 | €429 | €968 | +€538 | +125% |
| Non-recurring operating charges | 66A | - | €12,000 | +€12,000 | |
| Gross operating margin | 9900 | €594,203 | €384,753 | -€209,450 | -35.2% |
| Operating profit (loss) | 9901 | €592,574 | €370,628 | -€221,946 | -37.5% |
| Financial income | 75/76B | €2,016 | €49 | -€1,967 | -97.6% |
| Recurring financial income | 75 | €2,016 | €49 | -€1,967 | -97.6% |
| Financial charges | 65/66B | €1,651 | €4,144 | +€2,492 | +151% |
| Recurring financial charges | 65 | €1,651 | €4,144 | +€2,492 | +151% |
| Profit (loss) for the period before taxes | 9903 | €592,939 | €366,534 | -€226,405 | -38.2% |
| Income taxes | 67/77 | €145,722 | €93,417 | -€52,306 | -35.9% |
| Profit (loss) for the period | 9904 | €447,217 | €273,117 | -€174,100 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €447,217 | €273,117 | -€174,100 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.