SIGLO 21: 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.
SIGLO 21
Largest movements
- Tangible fixed assets -€36,652
down €36,652 (-5.0%), from €737,338 to €700,686
of which Land and buildings: -€24,067
- Other debts -€18,633
down €18,633 (-14.9%), from €125,109 to €106,476
- Debts after one year -€10,967
down €10,967 (-2.4%), from €459,731 to €448,764
- Reserves -€9,541
down €9,541 (-6.8%), from €140,911 to €131,370
of which Tax-exempt reserves: -€9,541
- Financial income -€2,326
down €2,326 (-100.0%), from €2,327 to €1
- Gross operating margin -€2,205
down €2,205 (-5.8%), from €38,057 to €35,852
- Depreciation +€1,457
up €1,457 (+4.1%), from €35,195 to €36,652
- Other operating charges +€879
up €879 (+18.1%), from €4,863 to €5,742
- Taxes -€652
down €652 (-43.5%), from €1,499 to €847
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €742,460 | €704,730 | -€37,731 | -5.1% |
| Fixed assets | 21/28 | €737,338 | €700,686 | -€36,652 | -5.0% |
| Tangible fixed assets | 22/27 | €737,338 | €700,686 | -€36,652 | -5.0% |
| Land and buildings | 22 | €688,176 | €664,110 | -€24,067 | -3.5% |
| Furniture and vehicles | 24 | €49,161 | €36,576 | -€12,585 | -25.6% |
| Current assets | 29/58 | €5,123 | €4,044 | -€1,079 | -21.1% |
| Amounts receivable within one year | 40/41 | €1,328 | €1,328 | = | 0.0% |
| Other amounts receivable | 41 | €1,328 | €1,328 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,794 | €2,715 | -€1,079 | -28.4% |
| Total equity and liabilities | 10/49 | €742,460 | €704,730 | -€37,731 | -5.1% |
| Equity | 10/15 | €95,296 | €89,570 | -€5,726 | -6.0% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €140,911 | €131,370 | -€9,541 | -6.8% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,089 | €117,548 | -€9,541 | -7.5% |
| Distributable reserves | 133 | €6,321 | €6,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,615 | -€73,800 | +€3,815 | +4.9% |
| Provisions and deferred taxes | 16 | €42,363 | €39,183 | -€3,180 | -7.5% |
| Deferred taxes | 168 | €42,363 | €39,183 | -€3,180 | -7.5% |
| Amounts payable | 17/49 | €604,801 | €575,977 | -€28,824 | -4.8% |
| Amounts payable after more than one year | 17 | €459,731 | €448,764 | -€10,967 | -2.4% |
| Financial debts | 170/4 | €459,731 | €448,764 | -€10,967 | -2.4% |
| Amounts payable within one year | 42/48 | €143,355 | €126,484 | -€16,871 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,497 | €10,967 | +€470 | +4.5% |
| Financial debts | 43 | €4,235 | €4,667 | +€432 | +10.2% |
| Credit institutions | 430/8 | €4,235 | €4,667 | +€432 | +10.2% |
| Trade debts | 44 | €2,842 | €3,527 | +€684 | +24.1% |
| Suppliers | 440/4 | €2,842 | €3,527 | +€684 | +24.1% |
| Taxes, remuneration and social security | 45 | €672 | €847 | +€175 | +26.1% |
| Taxes | 450/3 | €672 | €847 | +€175 | +26.1% |
| Other amounts payable | 47/48 | €125,109 | €106,476 | -€18,633 | -14.9% |
| Accrued charges and deferred income | 492/3 | €1,716 | €730 | -€986 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,195 | €36,652 | +€1,457 | +4.1% |
| Other operating charges | 640/8 | €4,863 | €5,742 | +€879 | +18.1% |
| Non-recurring operating charges | 66A | €929 | - | -€929 | |
| Gross operating margin | 9900 | €38,057 | €35,852 | -€2,205 | -5.8% |
| Operating profit (loss) | 9901 | -€2,931 | -€6,542 | -€3,611 | -123% |
| Financial income | 75/76B | €2,327 | €1 | -€2,326 | -100.0% |
| Recurring financial income | 75 | €2,327 | €1 | -€2,326 | -100.0% |
| Financial charges | 65/66B | €1,864 | €1,518 | -€346 | -18.5% |
| Recurring financial charges | 65 | €1,864 | €1,518 | -€346 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,468 | -€8,059 | -€5,592 | -227% |
| Transfer from deferred taxes | 780 | €12,687 | €3,180 | -€9,507 | -74.9% |
| Income taxes | 67/77 | €1,499 | €847 | -€652 | -43.5% |
| Profit (loss) for the period | 9904 | €8,721 | -€5,726 | -€14,447 | |
| Transfer from tax-exempt reserves | 789 | €38,062 | €9,541 | -€28,521 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,783 | €3,815 | -€42,968 | -91.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.