SIEN CONSULTING: 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.
SIEN CONSULTING
Largest movements
- Tangible fixed assets -€658,777
down €658,777 (-46.4%), from €1.4m to €760,831
of which Land and buildings: -€592,359
- Receivables within one year +€400,705
up €400,705 (+80.0%), from €501,089 to €901,794
of which Other amounts receivable: +€371,625
- Current investments -€113,288
down €113,288 (-30.1%), from €376,536 to €263,248
- Current portion of long-term debt -€497,753
down €497,753 (-76.2%), from €653,566 to €155,813
- Reserves +€274,097
up €274,097 (+20.7%), from €1.3m to €1.6m
of which Distributable reserves: +€274,097
- Debts after one year -€147,183
down €147,183 (-14.1%), from €1.0m to €894,484
- Financial charges +€28,031
up €28,031 (+242%), from €11,601 to €39,632
- Depreciation -€24,118
down €24,118 (-32.3%), from €74,586 to €50,468
- Gross operating margin -€16,808
down €16,808 (-3.3%), from €512,249 to €495,441
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 | €3,079,234 | €2,705,014 | -€374,220 | -12.2% |
| Fixed assets | 21/28 | €2,138,362 | €1,479,585 | -€658,777 | -30.8% |
| Tangible fixed assets | 22/27 | €1,419,608 | €760,831 | -€658,777 | -46.4% |
| Land and buildings | 22 | €1,249,972 | €657,613 | -€592,359 | -47.4% |
| Plant, machinery and equipment | 23 | - | €7,301 | +€7,301 | |
| Furniture and vehicles | 24 | €169,268 | €77,834 | -€91,433 | -54.0% |
| Other tangible fixed assets | 26 | €368 | €18,083 | +€17,715 | +4,812% |
| Financial fixed assets | 28 | €718,754 | €718,754 | = | 0.0% |
| Current assets | 29/58 | €940,872 | €1,225,429 | +€284,557 | +30.2% |
| Amounts receivable within one year | 40/41 | €501,089 | €901,794 | +€400,705 | +80.0% |
| Trade receivables | 40 | €52,102 | €81,182 | +€29,080 | +55.8% |
| Other amounts receivable | 41 | €448,987 | €820,612 | +€371,625 | +82.8% |
| Current investments | 50/53 | €376,536 | €263,248 | -€113,288 | -30.1% |
| Cash at bank and in hand | 54/58 | €60,223 | €60,387 | +€165 | +0.3% |
| Deferred charges and accrued income | 490/1 | €3,025 | €0 | -€3,025 | -100% |
| Total equity and liabilities | 10/49 | €3,079,234 | €2,705,014 | -€374,220 | -12.2% |
| Equity | 10/15 | €1,339,912 | €1,614,009 | +€274,097 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,321,312 | €1,595,409 | +€274,097 | +20.7% |
| Tax-exempt reserves | 132 | €11,779 | €11,779 | = | 0.0% |
| Distributable reserves | 133 | €1,309,533 | €1,583,630 | +€274,097 | +20.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,739,322 | €1,091,005 | -€648,317 | -37.3% |
| Amounts payable after more than one year | 17 | €1,041,668 | €894,484 | -€147,183 | -14.1% |
| Financial debts | 170/4 | €1,041,668 | €894,484 | -€147,183 | -14.1% |
| Amounts payable within one year | 42/48 | €697,655 | €192,021 | -€505,634 | -72.5% |
| Current portion of amounts payable after more than one year | 42 | €653,566 | €155,813 | -€497,753 | -76.2% |
| Trade debts | 44 | €10,527 | €4,695 | -€5,832 | -55.4% |
| Suppliers | 440/4 | €10,527 | €4,695 | -€5,832 | -55.4% |
| Taxes, remuneration and social security | 45 | €19,345 | €11,872 | -€7,474 | -38.6% |
| Taxes | 450/3 | €10,394 | €11,872 | +€1,477 | +14.2% |
| Remuneration and social security | 454/9 | €8,951 | €0 | -€8,951 | -100% |
| Other amounts payable | 47/48 | €14,217 | €19,642 | +€5,425 | +38.2% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Non-recurring operating income | 76A | €2,749 | €227,067 | +€224,318 | +8,159% |
| Remuneration, social security and pensions | 62 | - | €1,302 | +€1,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,586 | €50,468 | -€24,118 | -32.3% |
| Other operating charges | 640/8 | €16,930 | €12,521 | -€4,409 | -26.0% |
| Gross operating margin | 9900 | €512,249 | €495,441 | -€16,808 | -3.3% |
| Operating profit (loss) | 9901 | €420,733 | €431,150 | +€10,417 | +2.5% |
| Financial income | 75/76B | €5,444 | €7,968 | +€2,524 | +46.4% |
| Recurring financial income | 75 | €5,444 | €7,968 | +€2,524 | +46.4% |
| Financial charges | 65/66B | €11,601 | €39,632 | +€28,031 | +242% |
| Recurring financial charges | 65 | €11,601 | €39,632 | +€28,031 | +242% |
| Profit (loss) for the period before taxes | 9903 | €414,576 | €399,485 | -€15,091 | -3.6% |
| Income taxes | 67/77 | €127,125 | €122,388 | -€4,737 | -3.7% |
| Profit (loss) for the period | 9904 | €287,451 | €277,097 | -€10,354 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €287,451 | €277,097 | -€10,354 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.