SIONGERS WALTER: what changed
SIONGERS WALTER
Largest movements
- Cash +€76,151
up €76,151 (+228%), from €33,355 to €109,507
mainly Receivables within one year (+€74,466) and Depreciation (+€43,570)
- Receivables within one year -€74,466
down €74,466 (-69.0%), from €107,901 to €33,435
of which Trade receivables: -€77,040
- Tangible fixed assets -€34,070
down €34,070 (-11.7%), from €290,371 to €256,301
of which Land and buildings: -€21,480
- Stocks and contracts -€4,732
down €4,732 (-26.0%), from €18,200 to €13,468
of which Contracts in progress: -€6,000
- Debts after one year -€43,958
down €43,958 (-18.6%), from €236,043 to €192,086
- Reserves +€24,266
up €24,266 (+34.0%), from €71,401 to €95,667
- Trade debts -€12,229
down €12,229 (-43.3%), from €28,214 to €15,985
- Gross operating margin +€24,609
up €24,609 (+40.6%), from €60,609 to €85,218
- Taxes +€9,015
up €9,015 (+2,413%), from €374 to €9,389
- Write-downs -€3,398
new in 2025: -€3,398
- Financial charges -€1,783
down €1,783 (-22.6%), from €7,897 to €6,115
- Depreciation -€1,658
down €1,658 (-3.7%), from €45,228 to €43,570
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €450,023 | €412,710 | -€37,313 | -8.3% |
| Fixed assets | 21/28 | €290,371 | €256,301 | -€34,070 | -11.7% |
| Tangible fixed assets | 22/27 | €290,371 | €256,301 | -€34,070 | -11.7% |
| Land and buildings | 22 | €229,513 | €208,033 | -€21,480 | -9.4% |
| Plant, machinery and equipment | 23 | €10,956 | €11,668 | +€712 | +6.5% |
| Furniture and vehicles | 24 | €49,902 | €36,600 | -€13,302 | -26.7% |
| Current assets | 29/58 | €159,653 | €156,409 | -€3,243 | -2.0% |
| Stocks and contracts in progress | 3 | €18,200 | €13,468 | -€4,732 | -26.0% |
| Stocks | 30/36 | €12,200 | €13,468 | +€1,268 | +10.4% |
| Contracts in progress | 37 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €107,901 | €33,435 | -€74,466 | -69.0% |
| Trade receivables | 40 | €107,864 | €30,823 | -€77,040 | -71.4% |
| Other amounts receivable | 41 | €37 | €2,611 | +€2,574 | +6,935% |
| Cash at bank and in hand | 54/58 | €33,355 | €109,507 | +€76,151 | +228% |
| Deferred charges and accrued income | 490/1 | €197 | - | -€197 | |
| Total equity and liabilities | 10/49 | €450,023 | €412,710 | -€37,313 | -8.3% |
| Equity | 10/15 | €91,401 | €115,667 | +€24,266 | +26.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €71,401 | €95,667 | +€24,266 | +34.0% |
| Distributable reserves | 133 | €71,401 | €95,667 | +€24,266 | +34.0% |
| Amounts payable | 17/49 | €358,622 | €297,043 | -€61,580 | -17.2% |
| Amounts payable after more than one year | 17 | €236,043 | €192,086 | -€43,958 | -18.6% |
| Financial debts | 170/4 | €236,043 | €192,086 | -€43,958 | -18.6% |
| Amounts payable within one year | 42/48 | €122,150 | €104,915 | -€17,235 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €46,844 | €43,958 | -€2,886 | -6.2% |
| Trade debts | 44 | €28,214 | €15,985 | -€12,229 | -43.3% |
| Suppliers | 440/4 | €28,214 | €15,985 | -€12,229 | -43.3% |
| Taxes, remuneration and social security | 45 | €4,070 | €3,002 | -€1,068 | -26.2% |
| Taxes | 450/3 | €4,070 | €3,002 | -€1,068 | -26.2% |
| Other amounts payable | 47/48 | €43,022 | €41,970 | -€1,052 | -2.4% |
| Accrued charges and deferred income | 492/3 | €429 | €42 | -€387 | -90.2% |
| Non-recurring operating income | 76A | €6,494 | - | -€6,494 | |
| Remuneration, social security and pensions | 62 | €255 | €205 | -€49 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,228 | €43,570 | -€1,658 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,398 | -€3,398 | |
| Other operating charges | 640/8 | €6,375 | €6,364 | -€11 | -0.2% |
| Gross operating margin | 9900 | €60,609 | €85,218 | +€24,609 | +40.6% |
| Operating profit (loss) | 9901 | €8,751 | €38,477 | +€29,726 | +340% |
| Financial income | 75/76B | €1,477 | €1,293 | -€184 | -12.5% |
| Recurring financial income | 75 | €1,477 | €1,293 | -€184 | -12.5% |
| Financial charges | 65/66B | €7,897 | €6,115 | -€1,783 | -22.6% |
| Recurring financial charges | 65 | €7,897 | €6,115 | -€1,783 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €2,331 | €33,655 | +€31,324 | +1,344% |
| Income taxes | 67/77 | €374 | €9,389 | +€9,015 | +2,413% |
| Profit (loss) for the period | 9904 | €1,957 | €24,266 | +€22,309 | +1,140% |
| Profit (loss) for the period to be appropriated | 9905 | €1,957 | €24,266 | +€22,309 | +1,140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.