SIENNA MILESSI: 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.
SIENNA MILESSI
Largest movements
- Cash +€34,053
up €34,053 (+460%), from €7,405 to €41,458
mainly Other debts (+€24,867) and Debts after one year (+€24,385)
- Receivables within one year +€14,835
up €14,835 (+5,261%), from €282 to €15,117
- Tangible fixed assets +€6,389
new in 2025: €6,389
- Other debts +€24,867
up €24,867 (+57.7%), from €43,104 to €67,971
- Debts after one year +€24,385
new in 2025: €24,385
- Profit (loss) carried forward -€16,452
down €16,452 (-26.9%), from -€61,178 to -€77,630
- Trade debts +€10,250
up €10,250 (+211%), from €4,865 to €15,115
- Current portion of long-term debt +€5,615
new in 2025: €5,615
- Gross operating margin -€18,971
down €18,971, from €13,044 to -€5,927
- Staff costs +€6,262
up €6,262 (+325%), from €1,925 to €8,187
- Financial charges -€750
down €750 (-54.4%), from €1,379 to €629
- Depreciation -€408
down €408 (-34.6%), from €1,178 to €770
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 | €8,054 | €62,964 | +€54,910 | +682% |
| Fixed assets | 21/28 | - | €6,389 | +€6,389 | |
| Tangible fixed assets | 22/27 | - | €6,389 | +€6,389 | |
| Furniture and vehicles | 24 | - | €6,389 | +€6,389 | |
| Current assets | 29/58 | €8,054 | €56,575 | +€48,521 | +602% |
| Amounts receivable within one year | 40/41 | €282 | €15,117 | +€14,835 | +5,261% |
| Trade receivables | 40 | €282 | €15,117 | +€14,835 | +5,261% |
| Cash at bank and in hand | 54/58 | €7,405 | €41,458 | +€34,053 | +460% |
| Deferred charges and accrued income | 490/1 | €367 | - | -€367 | |
| Total equity and liabilities | 10/49 | €8,054 | €62,964 | +€54,910 | +682% |
| Equity | 10/15 | -€42,578 | -€59,030 | -€16,452 | -38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,178 | -€77,630 | -€16,452 | -26.9% |
| Amounts payable | 17/49 | €50,632 | €121,994 | +€71,362 | +141% |
| Amounts payable after more than one year | 17 | - | €24,385 | +€24,385 | |
| Financial debts | 170/4 | - | €24,385 | +€24,385 | |
| Amounts payable within one year | 42/48 | €50,632 | €97,609 | +€46,977 | +92.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,615 | +€5,615 | |
| Trade debts | 44 | €4,865 | €15,115 | +€10,250 | +211% |
| Suppliers | 440/4 | €4,865 | €15,115 | +€10,250 | +211% |
| Advances received on contracts in progress | 46 | - | €2,048 | +€2,048 | |
| Taxes, remuneration and social security | 45 | €2,663 | €6,860 | +€4,197 | +158% |
| Taxes | 450/3 | €2,663 | €4,474 | +€1,811 | +68.0% |
| Remuneration and social security | 454/9 | - | €2,386 | +€2,386 | |
| Other amounts payable | 47/48 | €43,104 | €67,971 | +€24,867 | +57.7% |
| Remuneration, social security and pensions | 62 | €1,925 | €8,187 | +€6,262 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €770 | -€408 | -34.6% |
| Other operating charges | 640/8 | €899 | €939 | +€40 | +4.4% |
| Gross operating margin | 9900 | €13,044 | -€5,927 | -€18,971 | |
| Operating profit (loss) | 9901 | €9,042 | -€15,823 | -€24,865 | |
| Financial charges | 65/66B | €1,379 | €629 | -€750 | -54.4% |
| Recurring financial charges | 65 | €1,379 | €629 | -€750 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €7,663 | -€16,452 | -€24,115 | |
| Profit (loss) for the period | 9904 | €7,663 | -€16,452 | -€24,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,663 | -€16,452 | -€24,115 |
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 28 October 2026 via checked.be.