SIENERGIEK: 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.
SIENERGIEK
Largest movements
- Receivables within one year -€18,878
down €18,878 (-81.9%), from €23,056 to €4,178
of which Trade receivables: -€18,878
- Cash -€10,574
down €10,574 (-20.3%), from €52,101 to €41,527
mainly Other debts (-€27,928) and Tax, wage and social debts (-€11,947)
- Tangible fixed assets -€6,760
down €6,760 (-18.2%), from €37,180 to €30,420
- Other debts -€27,928
down €27,928 (-60.8%), from €45,963 to €18,034
- Tax, wage and social debts -€11,947
down €11,947 (-58.1%), from €20,554 to €8,607
of which Taxes: -€11,947
- Trade debts +€4,913
up €4,913 (+630%), from €779 to €5,692
- Profit (loss) carried forward -€1,249
down €1,249 (-2.8%), from €44,041 to €42,792
- Gross operating margin -€58,152
down €58,152 (-85.4%), from €68,094 to €9,941
- Taxes -€11,499
down €11,499 (-93.3%), from €12,326 to €827
- Depreciation -€1,541
down €1,541 (-13.2%), from €11,699 to €10,158
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 | €112,337 | €76,126 | -€36,211 | -32.2% |
| Fixed assets | 21/28 | €37,180 | €30,420 | -€6,760 | -18.2% |
| Tangible fixed assets | 22/27 | €37,180 | €30,420 | -€6,760 | -18.2% |
| Furniture and vehicles | 24 | €37,180 | €30,420 | -€6,760 | -18.2% |
| Current assets | 29/58 | €75,157 | €45,706 | -€29,452 | -39.2% |
| Amounts receivable within one year | 40/41 | €23,056 | €4,178 | -€18,878 | -81.9% |
| Trade receivables | 40 | €22,990 | €4,112 | -€18,878 | -82.1% |
| Other amounts receivable | 41 | €66 | €66 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,101 | €41,527 | -€10,574 | -20.3% |
| Total equity and liabilities | 10/49 | €112,337 | €76,126 | -€36,211 | -32.2% |
| Equity | 10/15 | €45,041 | €43,792 | -€1,249 | -2.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,041 | €42,792 | -€1,249 | -2.8% |
| Amounts payable | 17/49 | €67,296 | €32,333 | -€34,963 | -52.0% |
| Amounts payable within one year | 42/48 | €67,296 | €32,333 | -€34,963 | -52.0% |
| Trade debts | 44 | €779 | €5,692 | +€4,913 | +630% |
| Suppliers | 440/4 | €779 | €5,692 | +€4,913 | +630% |
| Taxes, remuneration and social security | 45 | €20,554 | €8,607 | -€11,947 | -58.1% |
| Taxes | 450/3 | €18,154 | €6,207 | -€11,947 | -65.8% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €45,963 | €18,034 | -€27,928 | -60.8% |
| Remuneration, social security and pensions | 62 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €10,158 | -€1,541 | -13.2% |
| Gross operating margin | 9900 | €68,094 | €9,941 | -€58,152 | -85.4% |
| Operating profit (loss) | 9901 | €56,395 | -€224 | -€56,619 | |
| Financial income | 75/76B | €0 | €32 | +€32 | +315,100% |
| Recurring financial income | 75 | €0 | €32 | +€32 | +315,100% |
| Financial charges | 65/66B | €28 | €229 | +€201 | +731% |
| Recurring financial charges | 65 | €28 | €229 | +€201 | +731% |
| Profit (loss) for the period before taxes | 9903 | €56,367 | -€422 | -€56,789 | |
| Income taxes | 67/77 | €12,326 | €827 | -€11,499 | -93.3% |
| Profit (loss) for the period | 9904 | €44,041 | -€1,249 | -€45,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,041 | -€1,249 | -€45,290 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.