Sieneco: 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.
Sieneco
Largest movements
- Tangible fixed assets -€32,057
down €32,057 (-30.2%), from €106,087 to €74,029
of which Furniture and vehicles: -€20,509
- Current investments +€9,066
up €9,066 (+28.4%), from €31,895 to €40,961
- Receivables within one year +€5,598
up €5,598 (+6.1%), from €92,278 to €97,877
of which Other amounts receivable: +€4,126
- Debts after one year -€28,866
down €28,866 (-23.3%), from €123,656 to €94,790
of which Other amounts payable: -€15,714
- Reserves +€23,308
up €23,308 (+13.6%), from €171,323 to €194,630
- Profit (loss) carried forward -€15,268
down €15,268 (-65.5%), from €23,308 to €8,040
- Tax, wage and social debts +€7,703
up €7,703 (+26.5%), from €29,108 to €36,811
- Current portion of long-term debt -€4,160
down €4,160 (-24.0%), from €17,312 to €13,152
- Gross operating margin -€4,781
down €4,781 (-3.2%), from €151,208 to €146,427
- Financial charges -€2,253
down €2,253 (-28.3%), from €7,968 to €5,714
- Taxes +€1,525
up €1,525 (+4.7%), from €32,314 to €33,840
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,591 | €368,584 | -€17,007 | -4.4% |
| Fixed assets | 21/28 | €256,087 | €224,029 | -€32,057 | -12.5% |
| Tangible fixed assets | 22/27 | €106,087 | €74,029 | -€32,057 | -30.2% |
| Land and buildings | 22 | €208 | €104 | -€104 | -50.0% |
| Plant, machinery and equipment | 23 | €81,438 | €69,994 | -€11,445 | -14.1% |
| Furniture and vehicles | 24 | €24,440 | €3,932 | -€20,509 | -83.9% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €129,505 | €144,555 | +€15,050 | +11.6% |
| Amounts receivable within one year | 40/41 | €92,278 | €97,877 | +€5,598 | +6.1% |
| Trade receivables | 40 | €27,534 | €29,006 | +€1,472 | +5.3% |
| Other amounts receivable | 41 | €64,745 | €68,871 | +€4,126 | +6.4% |
| Current investments | 50/53 | €31,895 | €40,961 | +€9,066 | +28.4% |
| Deferred charges and accrued income | 490/1 | €5,331 | €5,717 | +€386 | +7.2% |
| Total equity and liabilities | 10/49 | €385,591 | €368,584 | -€17,007 | -4.4% |
| Equity | 10/15 | €213,230 | €221,270 | +€8,040 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,323 | €194,630 | +€23,308 | +13.6% |
| Distributable reserves | 133 | €171,323 | €194,630 | +€23,308 | +13.6% |
| Profit (loss) carried forward | 14 | €23,308 | €8,040 | -€15,268 | -65.5% |
| Amounts payable | 17/49 | €172,361 | €147,313 | -€25,047 | -14.5% |
| Amounts payable after more than one year | 17 | €123,656 | €94,790 | -€28,866 | -23.3% |
| Financial debts | 170/4 | €13,152 | - | -€13,152 | |
| Other amounts payable | 178/9 | €110,505 | €94,790 | -€15,714 | -14.2% |
| Amounts payable within one year | 42/48 | €46,724 | €50,543 | +€3,819 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €17,312 | €13,152 | -€4,160 | -24.0% |
| Trade debts | 44 | €305 | €580 | +€276 | +90.4% |
| Suppliers | 440/4 | €305 | €580 | +€276 | +90.4% |
| Taxes, remuneration and social security | 45 | €29,108 | €36,811 | +€7,703 | +26.5% |
| Taxes | 450/3 | €29,108 | €36,811 | +€7,703 | +26.5% |
| Accrued charges and deferred income | 492/3 | €1,980 | €1,980 | = | 0.0% |
| Non-recurring operating income | 76A | €9,256 | €2,232 | -€7,024 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,455 | €12,642 | -€813 | -6.0% |
| Other operating charges | 640/8 | €290 | €545 | +€255 | +88.1% |
| Gross operating margin | 9900 | €151,208 | €146,427 | -€4,781 | -3.2% |
| Operating profit (loss) | 9901 | €137,463 | €133,241 | -€4,223 | -3.1% |
| Financial income | 75/76B | €4,126 | €4,354 | +€227 | +5.5% |
| Recurring financial income | 75 | €4,126 | €4,354 | +€227 | +5.5% |
| Financial charges | 65/66B | €7,968 | €5,714 | -€2,253 | -28.3% |
| Recurring financial charges | 65 | €7,968 | €5,714 | -€2,253 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €133,622 | €131,880 | -€1,742 | -1.3% |
| Income taxes | 67/77 | €32,314 | €33,840 | +€1,525 | +4.7% |
| Profit (loss) for the period | 9904 | €101,308 | €98,040 | -€3,268 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,308 | €98,040 | -€3,268 | -3.2% |
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 10 October 2026 via checked.be.