SieVju: what changed
What changed
SieVju
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€160,799
2025 · €182,493-€21,695
Equity
€774,483
2025 · €799,726-€25,244
Cash
€37,103
2025 · €28,570+€8,533
Balance sheet total
€1.9m
2025 · €1.7m+€172,409
Largest movements
Assets
- Receivables within one year +€94,447
up €94,447 (+365%), from €25,849 to €120,296
of which Trade receivables: +€91,955
- Tangible fixed assets +€50,193
up €50,193 (+3.1%), from €1.6m to €1.7m
of which Furniture and vehicles: +€104,066
- Deferred charges and accrued income +€19,736
up €19,736 (+17,856%), from €111 to €19,846
Equity and liabilities
- Other debts +€150,054
up €150,054 (+164%), from €91,403 to €241,457
- Reserves -€25,249
down €25,249 (-3.6%), from €698,983 to €673,734
of which Distributable reserves: -€20,772
- Debts after one year +€20,919
up €20,919 (+3.1%), from €673,497 to €694,416
Income statement
- Depreciation +€14,229
up €14,229 (+24.5%), from €58,056 to €72,285
- Gross operating margin -€10,408
down €10,408 (-2.8%), from €371,778 to €361,370
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€182,493
Gross operating margin
-€10,408
Staff costs
-€1,068
Depreciation
-€14,229
Other operating charges
+€1,521
Financial income
+€1
Financial charges
+€54
Taxes
+€2,435
Result 2026
€160,799
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€277,921
Investment
-€121,978
Financing
-€147,411
Cash 2025
€28,570
From operations (derived)
+€277,921
Net result for the year
+€160,799
Depreciation
+€72,285
Receivables within one year
-€94,447
Deferred charges and accrued income
-€19,736
Trade debts
-€2,288
Tax, wage and social debts
+€8,084
Advances received
+€2,616
Other debts
+€150,054
Accrued charges and deferred income
+€554
Investment (derived)
-€121,978
Investment in fixed assets (net)
-€121,978
Financing
-€147,411
Debts after one year
+€20,919
Current portion of long-term debt
+€17,842
Short-term financial debts
-€128
Contributions, distributions and other
-€186,042
Cash 2026
€37,103
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,677,821 | €1,850,229 | +€172,409 | +10.3% |
| Fixed assets | 21/28 | €1,623,291 | €1,672,983 | +€49,693 | +3.1% |
| Intangible fixed assets | 21 | €3,792 | €3,292 | -€500 | -13.2% |
| Tangible fixed assets | 22/27 | €1,619,499 | €1,669,692 | +€50,193 | +3.1% |
| Land and buildings | 22 | €1,581,686 | €1,529,718 | -€51,968 | -3.3% |
| Plant, machinery and equipment | 23 | €37,813 | €35,908 | -€1,905 | -5.0% |
| Furniture and vehicles | 24 | - | €104,066 | +€104,066 | |
| Current assets | 29/58 | €54,530 | €177,246 | +€122,716 | +225% |
| Amounts receivable within one year | 40/41 | €25,849 | €120,296 | +€94,447 | +365% |
| Trade receivables | 40 | €3,710 | €95,665 | +€91,955 | +2,478% |
| Other amounts receivable | 41 | €22,139 | €24,631 | +€2,492 | +11.3% |
| Cash at bank and in hand | 54/58 | €28,570 | €37,103 | +€8,533 | +29.9% |
| Deferred charges and accrued income | 490/1 | €111 | €19,846 | +€19,736 | +17,856% |
| Total equity and liabilities | 10/49 | €1,677,821 | €1,850,229 | +€172,409 | +10.3% |
| Equity | 10/15 | €799,726 | €774,483 | -€25,244 | -3.2% |
| Contributions | 10/11 | €100,673 | €100,673 | = | 0.0% |
| Reserves | 13 | €698,983 | €673,734 | -€25,249 | -3.6% |
| Tax-exempt reserves | 132 | €9,572 | €5,095 | -€4,477 | -46.8% |
| Distributable reserves | 133 | €689,411 | €668,639 | -€20,772 | -3.0% |
| Profit (loss) carried forward | 14 | €70 | €76 | +€5 | +7.6% |
| Amounts payable | 17/49 | €878,094 | €1,075,746 | +€197,652 | +22.5% |
| Amounts payable after more than one year | 17 | €673,497 | €694,416 | +€20,919 | +3.1% |
| Financial debts | 170/4 | €673,497 | €694,416 | +€20,919 | +3.1% |
| Amounts payable within one year | 42/48 | €198,889 | €375,069 | +€176,180 | +88.6% |
| Current portion of amounts payable after more than one year | 42 | €41,477 | €59,318 | +€17,842 | +43.0% |
| Financial debts | 43 | €18,642 | €18,513 | -€128 | -0.7% |
| Credit institutions | 430/8 | €18,642 | €18,513 | -€128 | -0.7% |
| Trade debts | 44 | €17,016 | €14,728 | -€2,288 | -13.4% |
| Suppliers | 440/4 | €17,016 | €14,728 | -€2,288 | -13.4% |
| Advances received on contracts in progress | 46 | €5,184 | €7,800 | +€2,616 | +50.5% |
| Taxes, remuneration and social security | 45 | €25,168 | €33,253 | +€8,084 | +32.1% |
| Taxes | 450/3 | €18,974 | €30,372 | +€11,397 | +60.1% |
| Remuneration and social security | 454/9 | €6,194 | €2,881 | -€3,313 | -53.5% |
| Other amounts payable | 47/48 | €91,403 | €241,457 | +€150,054 | +164% |
| Accrued charges and deferred income | 492/3 | €5,707 | €6,261 | +€554 | +9.7% |
| Remuneration, social security and pensions | 62 | €20,485 | €21,553 | +€1,068 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,056 | €72,285 | +€14,229 | +24.5% |
| Other operating charges | 640/8 | €6,664 | €5,143 | -€1,521 | -22.8% |
| Gross operating margin | 9900 | €371,778 | €361,370 | -€10,408 | -2.8% |
| Operating profit (loss) | 9901 | €286,573 | €262,388 | -€24,185 | -8.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,027% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,027% |
| Financial charges | 65/66B | €21,739 | €21,686 | -€54 | -0.2% |
| Recurring financial charges | 65 | €21,739 | €21,686 | -€54 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €264,834 | €240,704 | -€24,130 | -9.1% |
| Income taxes | 67/77 | €82,340 | €79,905 | -€2,435 | -3.0% |
| Profit (loss) for the period | 9904 | €182,493 | €160,799 | -€21,695 | -11.9% |
| Transfer from tax-exempt reserves | 789 | €4,477 | €4,477 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €186,970 | €165,276 | -€21,695 | -11.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.