SIVA CONSTRUCT: what changed
Two fiscal 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.
SIVA CONSTRUCT
Largest movements
- Receivables within one year +€26,781
up €26,781 (+330.0%), from €8,116 to €34,897
of which Trade receivables: +€24,769
- Cash -€21,755
down €21,755 (-70.0%), from €31,074 to €9,319
mainly Receivables within one year (-€26,781) and Trade debts (-€2,016)
- Tangible fixed assets -€3,549
down €3,549 (-41.4%), from €8,569 to €5,020
of which Furniture and vehicles: -€2,952
- Deferred charges and accrued income -€707
down €707 (-87.4%), from €809 to €102
- Profit (loss) carried forward +€2,217
up €2,217 (+6.2%), from €35,995 to €38,212
- Trade debts -€2,016
down €2,016 (-99.3%), from €2,030 to €15
- Tax, wage and social debts +€569
up €569 (+6.3%), from €9,042 to €9,611
- Gross operating margin -€42,374
down €42,374 (-84.6%), from €50,108 to €7,733
- Taxes -€8,474
down €8,474 (-93.7%), from €9,042 to €569
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.
Cash bridge derived
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 | €48,568 | €49,338 | +€770 | +1.6% |
| Fixed assets | 21/28 | €8,569 | €5,020 | -€3,549 | -41.4% |
| Tangible fixed assets | 22/27 | €8,569 | €5,020 | -€3,549 | -41.4% |
| Plant, machinery and equipment | 23 | €1,103 | €506 | -€597 | -54.1% |
| Furniture and vehicles | 24 | €7,466 | €4,514 | -€2,952 | -39.5% |
| Current assets | 29/58 | €39,999 | €44,318 | +€4,319 | +10.8% |
| Amounts receivable within one year | 40/41 | €8,116 | €34,897 | +€26,781 | +330.0% |
| Trade receivables | 40 | €1,121 | €25,890 | +€24,769 | +2210.5% |
| Other amounts receivable | 41 | €6,996 | €9,007 | +€2,012 | +28.8% |
| Cash at bank and in hand | 54/58 | €31,074 | €9,319 | -€21,755 | -70.0% |
| Deferred charges and accrued income | 490/1 | €809 | €102 | -€707 | -87.4% |
| Total equity and liabilities | 10/49 | €48,568 | €49,338 | +€770 | +1.6% |
| Equity | 10/15 | €37,495 | €39,712 | +€2,217 | +5.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,995 | €38,212 | +€2,217 | +6.2% |
| Amounts payable | 17/49 | €11,073 | €9,626 | -€1,447 | -13.1% |
| Amounts payable within one year | 42/48 | €11,073 | €9,626 | -€1,447 | -13.1% |
| Trade debts | 44 | €2,030 | €15 | -€2,016 | -99.3% |
| Suppliers | 440/4 | €2,030 | €15 | -€2,016 | -99.3% |
| Taxes, remuneration and social security | 45 | €9,042 | €9,611 | +€569 | +6.3% |
| Taxes | 450/3 | €9,042 | €9,611 | +€569 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,866 | €4,788 | -€78 | -1.6% |
| Other operating charges | 640/8 | €328 | €58 | -€270 | -82.3% |
| Gross operating margin | 9900 | €50,108 | €7,733 | -€42,374 | -84.6% |
| Operating profit (loss) | 9901 | €44,913 | €2,887 | -€42,026 | -93.6% |
| Financial income | 75/76B | €338 | €52 | -€285 | -84.6% |
| Recurring financial income | 75 | €338 | €52 | -€285 | -84.6% |
| Financial charges | 65/66B | €213 | €154 | -€60 | -27.9% |
| Recurring financial charges | 65 | €213 | €154 | -€60 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €45,038 | €2,786 | -€42,252 | -93.8% |
| Income taxes | 67/77 | €9,042 | €569 | -€8,474 | -93.7% |
| Profit (loss) for the period | 9904 | €35,995 | €2,217 | -€33,778 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,995 | €2,217 | -€33,778 | -93.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.