SIENNAP: 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.
SIENNAP
Largest movements
- Stocks and contracts +€9,952
up €9,952 (+79.0%), from €12,602 to €22,553
- Tangible fixed assets -€3,872
down €3,872 (-22.0%), from €17,639 to €13,766
of which Plant, machinery and equipment: -€2,634
- Cash +€3,833
up €3,833 (+6.6%), from €57,652 to €61,485
mainly Tax, wage and social debts (+€31,332) and Depreciation (+€4,821)
- Tax, wage and social debts +€31,332
up €31,332 (+118.8%), from €26,376 to €57,708
of which Remuneration and social security: +€37,644
- Trade debts -€16,389
down €16,389 (-30.8%), from €53,284 to €36,895
of which Suppliers: -€21,253
- Other debts -€6,840
no longer reported in 2024 (was €6,840)
- Staff costs +€4,183
up €4,183 (+2.3%), from €182,865 to €187,048
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,791 | €148,098 | +€9,307 | +6.7% |
| Fixed assets | 21/28 | €17,639 | €13,766 | -€3,872 | -22.0% |
| Tangible fixed assets | 22/27 | €17,639 | €13,766 | -€3,872 | -22.0% |
| Plant, machinery and equipment | 23 | €14,099 | €11,466 | -€2,634 | -18.7% |
| Furniture and vehicles | 24 | €3,539 | €2,301 | -€1,238 | -35.0% |
| Current assets | 29/58 | €121,152 | €134,332 | +€13,180 | +10.9% |
| Stocks and contracts in progress | 3 | €12,602 | €22,553 | +€9,952 | +79.0% |
| Stocks | 30/36 | €12,602 | €22,553 | +€9,952 | +79.0% |
| Amounts receivable within one year | 40/41 | €49,751 | €49,489 | -€262 | -0.5% |
| Trade receivables | 40 | €44,924 | €38,550 | -€6,373 | -14.2% |
| Other amounts receivable | 41 | €4,827 | €10,938 | +€6,111 | +126.6% |
| Cash at bank and in hand | 54/58 | €57,652 | €61,485 | +€3,833 | +6.6% |
| Deferred charges and accrued income | 490/1 | €1,147 | €805 | -€343 | -29.9% |
| Total equity and liabilities | 10/49 | €138,791 | €148,098 | +€9,307 | +6.7% |
| Equity | 10/15 | €51,991 | €53,432 | +€1,441 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,991 | €28,432 | +€1,441 | +5.3% |
| Amounts payable | 17/49 | €86,800 | €94,666 | +€7,867 | +9.1% |
| Amounts payable within one year | 42/48 | €86,800 | €94,603 | +€7,803 | +9.0% |
| Financial debts | 43 | €300 | - | -€300 | |
| Credit institutions | 430/8 | €300 | - | -€300 | |
| Trade debts | 44 | €53,284 | €36,895 | -€16,389 | -30.8% |
| Suppliers | 440/4 | €53,284 | €32,031 | -€21,253 | -39.9% |
| Bills of exchange payable | 441 | - | €4,864 | +€4,864 | |
| Taxes, remuneration and social security | 45 | €26,376 | €57,708 | +€31,332 | +118.8% |
| Taxes | 450/3 | €6,312 | - | -€6,312 | |
| Remuneration and social security | 454/9 | €20,064 | €57,708 | +€37,644 | +187.6% |
| Other amounts payable | 47/48 | €6,840 | - | -€6,840 | |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Remuneration, social security and pensions | 62 | €182,865 | €187,048 | +€4,183 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,294 | €4,821 | +€1,527 | +46.3% |
| Other operating charges | 640/8 | €3,545 | €3,921 | +€376 | +10.6% |
| Gross operating margin | 9900 | €200,311 | €199,025 | -€1,286 | -0.6% |
| Operating profit (loss) | 9901 | €10,607 | €3,235 | -€7,372 | -69.5% |
| Financial income | 75/76B | €12 | €38 | +€26 | +207.9% |
| Recurring financial income | 75 | €12 | €38 | +€26 | +207.9% |
| Financial charges | 65/66B | €360 | €399 | +€39 | +10.7% |
| Recurring financial charges | 65 | €360 | €399 | +€39 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €10,259 | €2,874 | -€7,385 | -72.0% |
| Income taxes | 67/77 | €2,277 | €1,433 | -€844 | -37.1% |
| Profit (loss) for the period | 9904 | €7,982 | €1,441 | -€6,541 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,982 | €1,441 | -€6,541 | -81.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.