SIEMRO: 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.
SIEMRO
Largest movements
- Cash +€6,929
new in 2016: €6,929
mainly Net result for the year (+€12,521) and Receivables within one year (+€3,715)
- Receivables within one year -€3,715
down €3,715 (-3.6%), from €103,718 to €100,003
- Profit (loss) carried forward +€12,521
up €12,521 (+27.0%), from €46,388 to €58,910
- Debts within one year -€9,275
down €9,275 (-16.4%), from €56,504 to €47,229
- Turnover -€61,754
down €61,754 (-32.6%), from €189,565 to €127,811
- Gross operating margin -€49,371
down €49,371 (-63.9%), from €77,223 to €27,852
- Taxes -€11,701
down €11,701 (-51.9%), from €22,538 to €10,837
From the 2015 result to the 2016 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 2015 and 2016 balance sheets and the 2016 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2015 | 2016 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,092 | €108,339 | +€3,247 | +3.1% |
| Fixed assets | 21/28 | €1,374 | €1,406 | +€32 | +2.4% |
| Tangible fixed assets | 22/27 | €1,374 | €1,406 | +€32 | +2.4% |
| Current assets | 29/58 | €103,718 | €106,932 | +€3,214 | +3.1% |
| Amounts receivable within one year | 40/41 | €103,718 | €100,003 | -€3,715 | -3.6% |
| Cash at bank and in hand | 54/58 | - | €6,929 | +€6,929 | |
| Total equity and liabilities | 10/49 | €105,092 | €108,339 | +€3,247 | +3.1% |
| Equity | 10/15 | €48,588 | €61,110 | +€12,521 | +25.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,388 | €58,910 | +€12,521 | +27.0% |
| Amounts payable | 17/49 | €56,504 | €47,229 | -€9,275 | -16.4% |
| Amounts payable within one year | 42/48 | €56,504 | €47,229 | -€9,275 | -16.4% |
| Trade debts | 44 | €11,106 | €10,132 | -€974 | -8.8% |
| Turnover | 70 | €189,565 | €127,811 | -€61,754 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854 | €685 | -€170 | -19.8% |
| Gross operating margin | 9900 | €77,223 | €27,852 | -€49,371 | -63.9% |
| Operating profit (loss) | 9901 | €74,527 | €25,259 | -€49,268 | -66.1% |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Recurring financial charges | 65 | €5,402 | €1,921 | -€3,481 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €69,126 | €23,358 | -€45,768 | -66.2% |
| Income taxes | 67/77 | €22,538 | €10,837 | -€11,701 | -51.9% |
| Profit (loss) for the period | 9904 | €46,588 | €12,521 | -€34,067 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,588 | €12,521 | -€34,067 | -73.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2015 and 31 December 2016. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.