SIESQO: 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.
SIESQO
Largest movements
- Tangible fixed assets +€58,707
up €58,707 (+35.2%), from €166,950 to €225,657
of which Leasing and similar rights: +€44,542
- Receivables within one year -€33,668
down €33,668 (-47.2%), from €71,365 to €37,697
of which Trade receivables: -€34,812
- Current portion of long-term debt +€14,092
up €14,092 (+84.5%), from €16,675 to €30,767
- Tax, wage and social debts -€12,746
down €12,746 (-37.0%), from €34,484 to €21,738
of which Taxes: -€8,767
- Debts after one year +€12,123
up €12,123 (+8.2%), from €147,336 to €159,459
- Trade debts +€10,487
up €10,487 (+159%), from €6,602 to €17,089
- Depreciation +€8,428
up €8,428 (+38.2%), from €22,047 to €30,475
- Taxes -€3,444
down €3,444 (-70.5%), from €4,883 to €1,439
- Other operating charges +€2,063
up €2,063 (+89.4%), from €2,308 to €4,372
- Staff costs +€1,695
up €1,695 (+3.6%), from €46,495 to €48,189
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 | €264,373 | €288,771 | +€24,399 | +9.2% |
| Fixed assets | 21/28 | €167,350 | €226,057 | +€58,707 | +35.1% |
| Tangible fixed assets | 22/27 | €166,950 | €225,657 | +€58,707 | +35.2% |
| Land and buildings | 22 | €145,362 | €160,952 | +€15,590 | +10.7% |
| Plant, machinery and equipment | 23 | €17,223 | €18,116 | +€893 | +5.2% |
| Furniture and vehicles | 24 | €4,365 | €2,047 | -€2,318 | -53.1% |
| Leasing and similar rights | 25 | - | €44,542 | +€44,542 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €97,023 | €62,715 | -€34,308 | -35.4% |
| Amounts receivable within one year | 40/41 | €71,365 | €37,697 | -€33,668 | -47.2% |
| Trade receivables | 40 | €70,870 | €36,058 | -€34,812 | -49.1% |
| Other amounts receivable | 41 | €495 | €1,639 | +€1,144 | +231% |
| Cash at bank and in hand | 54/58 | €23,496 | €23,232 | -€264 | -1.1% |
| Deferred charges and accrued income | 490/1 | €2,163 | €1,786 | -€377 | -17.4% |
| Total equity and liabilities | 10/49 | €264,373 | €288,771 | +€24,399 | +9.2% |
| Equity | 10/15 | €38,483 | €36,757 | -€1,725 | -4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,083 | €26,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,223 | €24,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,725 | -€1,725 | |
| Amounts payable | 17/49 | €225,890 | €252,014 | +€26,124 | +11.6% |
| Amounts payable after more than one year | 17 | €147,336 | €159,459 | +€12,123 | +8.2% |
| Financial debts | 170/4 | €147,336 | €159,459 | +€12,123 | +8.2% |
| Amounts payable within one year | 42/48 | €78,555 | €92,555 | +€14,001 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €16,675 | €30,767 | +€14,092 | +84.5% |
| Trade debts | 44 | €6,602 | €17,089 | +€10,487 | +159% |
| Suppliers | 440/4 | €6,602 | €17,089 | +€10,487 | +159% |
| Taxes, remuneration and social security | 45 | €34,484 | €21,738 | -€12,746 | -37.0% |
| Taxes | 450/3 | €22,628 | €13,861 | -€8,767 | -38.7% |
| Remuneration and social security | 454/9 | €11,856 | €7,876 | -€3,980 | -33.6% |
| Other amounts payable | 47/48 | €20,794 | €22,962 | +€2,168 | +10.4% |
| Non-recurring operating income | 76A | - | €16,127 | +€16,127 | |
| Remuneration, social security and pensions | 62 | €46,495 | €48,189 | +€1,695 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,047 | €30,475 | +€8,428 | +38.2% |
| Other operating charges | 640/8 | €2,308 | €4,372 | +€2,063 | +89.4% |
| Gross operating margin | 9900 | €88,760 | €89,391 | +€631 | +0.7% |
| Operating profit (loss) | 9901 | €17,911 | €6,355 | -€11,555 | -64.5% |
| Financial income | 75/76B | €33 | €121 | +€88 | +270% |
| Recurring financial income | 75 | €33 | €121 | +€88 | +270% |
| Financial charges | 65/66B | €5,952 | €6,762 | +€811 | +13.6% |
| Recurring financial charges | 65 | €5,952 | €6,762 | +€811 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €11,992 | -€286 | -€12,278 | |
| Income taxes | 67/77 | €4,883 | €1,439 | -€3,444 | -70.5% |
| Profit (loss) for the period | 9904 | €7,109 | -€1,725 | -€8,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,109 | -€1,725 | -€8,834 |
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 19 October 2026 via checked.be.