SIENUYT: 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.
SIENUYT
Largest movements
- Deferred charges and accrued income -€236,922
no longer reported in 2025 (was €236,922)
- Tangible fixed assets +€64,229
up €64,229 (+4.4%), from €1.5m to €1.5m
of which Other tangible fixed assets: +€48,812
- Short-term financial debts -€112,340
down €112,340 (-15.4%), from €730,502 to €618,162
of which Other loans: -€112,944
- Debts after one year -€67,104
down €67,104 (-6.8%), from €987,236 to €920,132
- Depreciation +€7,890
up €7,890 (+15.5%), from €51,000 to €58,890
- Gross operating margin +€5,091
up €5,091 (+7.6%), from €66,884 to €71,975
- Taxes +€3,500
new in 2025: €3,500
- Financial charges -€1,807
down €1,807 (-15.5%), from €11,687 to €9,880
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 | €1,728,201 | €1,540,810 | -€187,391 | -10.8% |
| Fixed assets | 21/28 | €1,461,926 | €1,526,155 | +€64,229 | +4.4% |
| Tangible fixed assets | 22/27 | €1,461,926 | €1,526,155 | +€64,229 | +4.4% |
| Land and buildings | 22 | €1,146,148 | €1,178,324 | +€32,176 | +2.8% |
| Plant, machinery and equipment | 23 | €315,778 | €299,019 | -€16,759 | -5.3% |
| Other tangible fixed assets | 26 | - | €48,812 | +€48,812 | |
| Current assets | 29/58 | €266,275 | €14,655 | -€251,620 | -94.5% |
| Amounts receivable within one year | 40/41 | €17,265 | - | -€17,265 | |
| Trade receivables | 40 | €17,265 | - | -€17,265 | |
| Cash at bank and in hand | 54/58 | €12,088 | €14,655 | +€2,567 | +21.2% |
| Deferred charges and accrued income | 490/1 | €236,922 | - | -€236,922 | |
| Total equity and liabilities | 10/49 | €1,728,201 | €1,540,810 | -€187,391 | -10.8% |
| Equity | 10/15 | €1,578 | -€3,119 | -€4,697 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,422 | -€28,119 | -€4,697 | -20.1% |
| Amounts payable | 17/49 | €1,726,623 | €1,543,929 | -€182,694 | -10.6% |
| Amounts payable after more than one year | 17 | €987,236 | €920,132 | -€67,104 | -6.8% |
| Financial debts | 170/4 | €987,236 | €920,132 | -€67,104 | -6.8% |
| Amounts payable within one year | 42/48 | €734,426 | €622,837 | -€111,589 | -15.2% |
| Financial debts | 43 | €730,502 | €618,162 | -€112,340 | -15.4% |
| Credit institutions | 430/8 | €65,345 | €65,949 | +€604 | +0.9% |
| Other loans | 439 | €665,157 | €552,213 | -€112,944 | -17.0% |
| Trade debts | 44 | - | €488 | +€488 | |
| Suppliers | 440/4 | - | €488 | +€488 | |
| Taxes, remuneration and social security | 45 | €3,924 | €4,187 | +€263 | +6.7% |
| Taxes | 450/3 | €3,924 | €4,187 | +€263 | +6.7% |
| Accrued charges and deferred income | 492/3 | €4,961 | €960 | -€4,001 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,000 | €58,890 | +€7,890 | +15.5% |
| Other operating charges | 640/8 | €4,088 | €4,402 | +€314 | +7.7% |
| Gross operating margin | 9900 | €66,884 | €71,975 | +€5,091 | +7.6% |
| Operating profit (loss) | 9901 | €11,796 | €8,683 | -€3,113 | -26.4% |
| Financial charges | 65/66B | €11,687 | €9,880 | -€1,807 | -15.5% |
| Recurring financial charges | 65 | €11,687 | €9,880 | -€1,807 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €109 | -€1,197 | -€1,306 | |
| Income taxes | 67/77 | - | €3,500 | +€3,500 | |
| Profit (loss) for the period | 9904 | €109 | -€4,697 | -€4,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €109 | -€4,697 | -€4,806 |
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 14 October 2026 via checked.be.