SIOBHAN: 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.
SIOBHAN
Largest movements
- Tangible fixed assets -€33,954
down €33,954 (-93.7%), from €36,240 to €2,287
of which Furniture and vehicles: -€33,446
- Receivables within one year -€8,968
down €8,968 (-51.6%), from €17,366 to €8,398
of which Trade receivables: -€16,168
- Cash +€5,824
up €5,824 (+540%), from €1,079 to €6,904
mainly Investment in fixed assets (net) (+€32,202) and Receivables within one year (+€8,968)
- Profit (loss) carried forward -€27,302
down €27,302 (-199%), from -€13,745 to -€41,048
- Debts after one year -€9,461
down €9,461 (-21.7%), from €43,534 to €34,072
of which Other amounts payable: -€34,004
- Trade debts -€5,580
down €5,580 (-37.7%), from €14,811 to €9,231
- Tax, wage and social debts +€3,770
up €3,770 (+116%), from €3,258 to €7,028
- Short-term financial debts +€1,170
new in 2025: €1,170
- Gross operating margin -€41,254
down €41,254, from €22,726 to -€18,528
- Depreciation -€12,573
down €12,573 (-89.1%), from €14,115 to €1,542
- Other operating charges +€3,325
up €3,325 (+188%), from €1,771 to €5,095
- Taxes -€1,989
down €1,989 (-100%), from €1,989 to €0
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 | €55,650 | €18,273 | -€37,377 | -67.2% |
| Formation expenses | 20 | €475 | €285 | -€190 | -40.0% |
| Fixed assets | 21/28 | €36,240 | €2,687 | -€33,554 | -92.6% |
| Tangible fixed assets | 22/27 | €36,240 | €2,287 | -€33,954 | -93.7% |
| Plant, machinery and equipment | 23 | €1,861 | €1,353 | -€508 | -27.3% |
| Furniture and vehicles | 24 | €34,380 | €933 | -€33,446 | -97.3% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €18,935 | €15,301 | -€3,634 | -19.2% |
| Amounts receivable within one year | 40/41 | €17,366 | €8,398 | -€8,968 | -51.6% |
| Trade receivables | 40 | €16,851 | €683 | -€16,168 | -95.9% |
| Other amounts receivable | 41 | €515 | €7,715 | +€7,200 | +1,399% |
| Cash at bank and in hand | 54/58 | €1,079 | €6,904 | +€5,824 | +540% |
| Deferred charges and accrued income | 490/1 | €489 | €0 | -€489 | -100% |
| Total equity and liabilities | 10/49 | €55,650 | €18,273 | -€37,377 | -67.2% |
| Equity | 10/15 | -€8,745 | -€36,048 | -€27,302 | -312% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€13,745 | -€41,048 | -€27,302 | -199% |
| Amounts payable | 17/49 | €64,395 | €54,321 | -€10,075 | -15.6% |
| Amounts payable after more than one year | 17 | €43,534 | €34,072 | -€9,461 | -21.7% |
| Financial debts | 170/4 | €9,530 | €34,072 | +€24,543 | +258% |
| Other amounts payable | 178/9 | €34,004 | - | -€34,004 | |
| Amounts payable within one year | 42/48 | €20,862 | €20,248 | -€613 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €2,792 | €2,501 | -€291 | -10.4% |
| Financial debts | 43 | - | €1,170 | +€1,170 | |
| Credit institutions | 430/8 | - | €1,170 | +€1,170 | |
| Trade debts | 44 | €14,811 | €9,231 | -€5,580 | -37.7% |
| Suppliers | 440/4 | €14,811 | €9,231 | -€5,580 | -37.7% |
| Taxes, remuneration and social security | 45 | €3,258 | €7,028 | +€3,770 | +116% |
| Taxes | 450/3 | €3,258 | €7,028 | +€3,770 | +116% |
| Other amounts payable | 47/48 | - | €318 | +€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,115 | €1,542 | -€12,573 | -89.1% |
| Other operating charges | 640/8 | €1,771 | €5,095 | +€3,325 | +188% |
| Gross operating margin | 9900 | €22,726 | -€18,528 | -€41,254 | |
| Operating profit (loss) | 9901 | €6,840 | -€25,165 | -€32,006 | |
| Financial income | 75/76B | €12 | €213 | +€200 | +1,627% |
| Recurring financial income | 75 | €12 | €213 | +€200 | +1,627% |
| Financial charges | 65/66B | €2,279 | €2,350 | +€71 | +3.1% |
| Recurring financial charges | 65 | €2,279 | €2,350 | +€71 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €4,574 | -€27,302 | -€31,876 | |
| Income taxes | 67/77 | €1,989 | €0 | -€1,989 | -100% |
| Profit (loss) for the period | 9904 | €2,585 | -€27,302 | -€29,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,585 | -€27,302 | -€29,888 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.