SIENA: 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.
SIENA
Largest movements
- Tangible fixed assets -€543,134
down €543,134 (-41.5%), from €1.3m to €766,448
of which Land and buildings: -€541,009
- Debts after one year -€539,757
down €539,757 (-77.9%), from €692,508 to €152,751
- Provisions -€35,422
down €35,422 (-81.2%), from €43,604 to €8,182
- Tax, wage and social debts +€21,234
up €21,234 (+1067.1%), from €1,990 to €23,224
- Other debts +€17,703
up €17,703 (+82.4%), from €21,490 to €39,193
- Short-term financial debts -€15,491
down €15,491 (-27.1%), from €57,194 to €41,704
- Gross operating margin +€99,984
up €99,984 (+187.2%), from €53,424 to €153,408
- Taxes +€77,357
up €77,357, from €0 to €77,357
- Other operating charges +€19,940
up €19,940 (+287.1%), from €6,946 to €26,886
- Depreciation -€12,704
down €12,704 (-26.2%), from €48,478 to €35,773
- Financial charges +€4,726
up €4,726 (+14.9%), from €31,654 to €36,380
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 | €1,351,599 | €811,893 | -€539,707 | -39.9% |
| Fixed assets | 21/28 | €1,336,010 | €792,877 | -€543,134 | -40.7% |
| Tangible fixed assets | 22/27 | €1,309,582 | €766,448 | -€543,134 | -41.5% |
| Land and buildings | 22 | €1,297,761 | €756,752 | -€541,009 | -41.7% |
| Plant, machinery and equipment | 23 | €1,695 | €1,271 | -€424 | -25.0% |
| Furniture and vehicles | 24 | €10,126 | €8,425 | -€1,701 | -16.8% |
| Financial fixed assets | 28 | €26,429 | €26,429 | = | 0.0% |
| Current assets | 29/58 | €15,589 | €19,016 | +€3,427 | +22.0% |
| Amounts receivable within one year | 40/41 | €13,309 | €14,935 | +€1,626 | +12.2% |
| Trade receivables | 40 | €8,309 | €12,292 | +€3,983 | +47.9% |
| Other amounts receivable | 41 | €5,000 | €2,643 | -€2,357 | -47.1% |
| Cash at bank and in hand | 54/58 | €2,279 | €4,080 | +€1,801 | +79.0% |
| Total equity and liabilities | 10/49 | €1,351,599 | €811,893 | -€539,707 | -39.9% |
| Equity | 10/15 | €490,806 | €503,239 | +€12,433 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €472,206 | €484,639 | +€12,433 | +2.6% |
| Tax-exempt reserves | 132 | €170,140 | €28,453 | -€141,687 | -83.3% |
| Distributable reserves | 133 | €302,066 | €456,186 | +€154,120 | +51.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | +€0 | |
| Provisions and deferred taxes | 16 | €43,604 | €8,182 | -€35,422 | -81.2% |
| Deferred taxes | 168 | €43,604 | €8,182 | -€35,422 | -81.2% |
| Amounts payable | 17/49 | €817,190 | €300,471 | -€516,718 | -63.2% |
| Amounts payable after more than one year | 17 | €692,508 | €152,751 | -€539,757 | -77.9% |
| Financial debts | 170/4 | €692,508 | €152,751 | -€539,757 | -77.9% |
| Amounts payable within one year | 42/48 | €124,682 | €147,720 | +€23,039 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €25,495 | €13,000 | -€12,495 | -49.0% |
| Financial debts | 43 | €57,194 | €41,704 | -€15,491 | -27.1% |
| Credit institutions | 430/8 | €57,194 | €41,704 | -€15,491 | -27.1% |
| Trade debts | 44 | €18,512 | €30,600 | +€12,088 | +65.3% |
| Suppliers | 440/4 | €18,512 | €30,600 | +€12,088 | +65.3% |
| Taxes, remuneration and social security | 45 | €1,990 | €23,224 | +€21,234 | +1067.1% |
| Taxes | 450/3 | €1,990 | €23,224 | +€21,234 | +1067.1% |
| Other amounts payable | 47/48 | €21,490 | €39,193 | +€17,703 | +82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,478 | €35,773 | -€12,704 | -26.2% |
| Other operating charges | 640/8 | €6,946 | €26,886 | +€19,940 | +287.1% |
| Gross operating margin | 9900 | €53,424 | €153,408 | +€99,984 | +187.2% |
| Operating profit (loss) | 9901 | -€1,999 | €90,749 | +€92,748 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €31,654 | €36,380 | +€4,726 | +14.9% |
| Recurring financial charges | 65 | €31,654 | €36,380 | +€4,726 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€33,652 | €54,369 | +€88,021 | |
| Transfer from deferred taxes | 780 | €1,523 | €35,422 | +€33,898 | +2225.3% |
| Income taxes | 67/77 | €0 | €77,357 | +€77,357 | |
| Profit (loss) for the period | 9904 | -€32,129 | €12,433 | +€44,563 | |
| Transfer from tax-exempt reserves | 789 | €5,944 | €141,687 | +€135,743 | +2283.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,185 | €154,120 | +€180,305 |
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 11 October 2026 via checked.be.