SIERRE: 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.
SIERRE
Largest movements
- Intangible fixed assets +€338,046
new in 2024: €338,046
- Cash +€159,932
up €159,932 (+998%), from €16,029 to €175,960
mainly Trade debts (+€348,454) and Debts after one year (+€228,079)
- Tangible fixed assets +€131,595
up €131,595 (+1,771%), from €7,429 to €139,024
of which Other tangible fixed assets: +€91,211
- Receivables within one year +€40,922
up €40,922 (+11.8%), from €347,036 to €387,958
of which Trade receivables: +€44,288
- Stocks and contracts +€27,531
new in 2024: €27,531
- Trade debts +€348,454
up €348,454 (+11,743%), from €2,967 to €351,422
- Debts after one year +€228,079
new in 2024: €228,079
- Tax, wage and social debts +€101,686
new in 2024: €101,686
of which Remuneration and social security: +€71,160
- Current portion of long-term debt +€37,708
new in 2024: €37,708
- Accrued charges and deferred income -€18,300
no longer reported in 2024 (was €18,300)
- Gross operating margin +€173,955
up €173,955, from -€6,093 to €167,862
- Staff costs +€142,169
new in 2024: €142,169
- Depreciation +€16,475
up €16,475 (+1,805%), from €913 to €17,387
- Financial charges +€10,734
up €10,734 (+1,771%), from €606 to €11,340
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.
Derived cash bridge
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 | €382,497 | €1,070,797 | +€688,300 | +180% |
| Fixed assets | 21/28 | €7,429 | €477,070 | +€469,641 | +6,322% |
| Intangible fixed assets | 21 | - | €338,046 | +€338,046 | |
| Tangible fixed assets | 22/27 | €7,429 | €139,024 | +€131,595 | +1,771% |
| Plant, machinery and equipment | 23 | - | €6,175 | +€6,175 | |
| Furniture and vehicles | 24 | - | €34,209 | +€34,209 | |
| Other tangible fixed assets | 26 | €7,429 | €98,640 | +€91,211 | +1,228% |
| Current assets | 29/58 | €375,068 | €593,727 | +€218,659 | +58.3% |
| Stocks and contracts in progress | 3 | - | €27,531 | +€27,531 | |
| Stocks | 30/36 | - | €27,531 | +€27,531 | |
| Amounts receivable within one year | 40/41 | €347,036 | €387,958 | +€40,922 | +11.8% |
| Trade receivables | 40 | €336 | €44,625 | +€44,288 | +13,169% |
| Other amounts receivable | 41 | €346,699 | €343,333 | -€3,366 | -1.0% |
| Cash at bank and in hand | 54/58 | €16,029 | €175,960 | +€159,932 | +998% |
| Deferred charges and accrued income | 490/1 | €12,003 | €2,278 | -€9,726 | -81.0% |
| Total equity and liabilities | 10/49 | €382,497 | €1,070,797 | +€688,300 | +180% |
| Equity | 10/15 | €361,230 | €349,970 | -€11,259 | -3.1% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,770 | -€50,030 | -€11,259 | -29.0% |
| Amounts payable | 17/49 | €21,267 | €720,827 | +€699,560 | +3,289% |
| Amounts payable after more than one year | 17 | - | €228,079 | +€228,079 | |
| Financial debts | 170/4 | - | €228,079 | +€228,079 | |
| Amounts payable within one year | 42/48 | €2,967 | €492,748 | +€489,781 | +16,506% |
| Current portion of amounts payable after more than one year | 42 | - | €37,708 | +€37,708 | |
| Trade debts | 44 | €2,967 | €351,422 | +€348,454 | +11,743% |
| Suppliers | 440/4 | €2,967 | €351,422 | +€348,454 | +11,743% |
| Taxes, remuneration and social security | 45 | - | €101,686 | +€101,686 | |
| Taxes | 450/3 | - | €30,526 | +€30,526 | |
| Remuneration and social security | 454/9 | - | €71,160 | +€71,160 | |
| Other amounts payable | 47/48 | - | €1,933 | +€1,933 | |
| Accrued charges and deferred income | 492/3 | €18,300 | - | -€18,300 | |
| Non-recurring operating income | 76A | €70,800 | - | -€70,800 | |
| Remuneration, social security and pensions | 62 | - | €142,169 | +€142,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €17,387 | +€16,475 | +1,805% |
| Other operating charges | 640/8 | €626 | €2,197 | +€1,571 | +251% |
| Non-recurring operating charges | 66A | - | €7,201 | +€7,201 | |
| Gross operating margin | 9900 | -€6,093 | €167,862 | +€173,955 | |
| Operating profit (loss) | 9901 | -€7,632 | -€1,092 | +€6,539 | +85.7% |
| Financial income | 75/76B | €392 | €1,173 | +€781 | +199% |
| Recurring financial income | 75 | €392 | €1,173 | +€781 | +199% |
| Financial charges | 65/66B | €606 | €11,340 | +€10,734 | +1,771% |
| Recurring financial charges | 65 | €606 | €11,340 | +€10,734 | +1,771% |
| Profit (loss) for the period before taxes | 9903 | -€7,846 | -€11,259 | -€3,413 | -43.5% |
| Profit (loss) for the period | 9904 | -€7,846 | -€11,259 | -€3,413 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,846 | -€11,259 | -€3,413 | -43.5% |
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 15 October 2026 via checked.be.