Siwa Holding: 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.
Siwa Holding
Largest movements
- Receivables within one year -€10,288
down €10,288 (-91.5%), from €11,246 to €959
of which Trade receivables: -€9,792
- Tangible fixed assets -€730
down €730 (-67.1%), from €1,088 to €358
of which Furniture and vehicles: -€635
- Profit (loss) carried forward -€19,410
down €19,410 (-23.7%), from -€81,883 to -€101,293
- Other debts +€8,324
up €8,324 (+9.6%), from €86,555 to €94,879
- Financial charges +€9,901
up €9,901 (+7,315%), from €135 to €10,036
of which Non-recurring financial charges: +€9,792
- Gross operating margin -€3,346
down €3,346 (-66.4%), from -€5,040 to -€8,386
- Other operating charges -€503
down €503 (-67.7%), from €743 to €240
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,853 | €1,791 | -€11,063 | -86.1% |
| Fixed assets | 21/28 | €1,275 | €484 | -€792 | -62.1% |
| Intangible fixed assets | 21 | €143 | €126 | -€18 | -12.5% |
| Tangible fixed assets | 22/27 | €1,088 | €358 | -€730 | -67.1% |
| Plant, machinery and equipment | 23 | €453 | €358 | -€95 | -21.0% |
| Furniture and vehicles | 24 | €635 | €0 | -€635 | -100.0% |
| Financial fixed assets | 28 | €44 | - | -€44 | |
| Current assets | 29/58 | €11,578 | €1,307 | -€10,271 | -88.7% |
| Amounts receivable within one year | 40/41 | €11,246 | €959 | -€10,288 | -91.5% |
| Trade receivables | 40 | €9,792 | - | -€9,792 | |
| Other amounts receivable | 41 | €1,454 | €959 | -€496 | -34.1% |
| Cash at bank and in hand | 54/58 | €229 | €349 | +€120 | +52.5% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €12,853 | €1,791 | -€11,063 | -86.1% |
| Equity | 10/15 | -€73,819 | -€93,230 | -€19,410 | -26.3% |
| Contributions | 10/11 | €1,260 | €1,260 | = | 0.0% |
| Reserves | 13 | €6,804 | €6,804 | = | 0.0% |
| Distributable reserves | 133 | €6,804 | €6,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,883 | -€101,293 | -€19,410 | -23.7% |
| Amounts payable | 17/49 | €86,673 | €95,020 | +€8,347 | +9.6% |
| Amounts payable within one year | 42/48 | €86,673 | €95,020 | +€8,347 | +9.6% |
| Taxes, remuneration and social security | 45 | €118 | €142 | +€23 | +19.8% |
| Taxes | 450/3 | €118 | €142 | +€23 | +19.8% |
| Other amounts payable | 47/48 | €86,555 | €94,879 | +€8,324 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €748 | +€72 | +10.7% |
| Other operating charges | 640/8 | €743 | €240 | -€503 | -67.7% |
| Gross operating margin | 9900 | -€5,040 | -€8,386 | -€3,346 | -66.4% |
| Operating profit (loss) | 9901 | -€6,459 | -€9,374 | -€2,915 | -45.1% |
| Financial charges | 65/66B | €135 | €10,036 | +€9,901 | +7,315% |
| Recurring financial charges | 65 | €135 | €244 | +€109 | +80.5% |
| Non-recurring financial charges | 66B | - | €9,792 | +€9,792 | |
| Profit (loss) for the period before taxes | 9903 | -€6,594 | -€19,410 | -€12,816 | -194% |
| Profit (loss) for the period | 9904 | -€6,594 | -€19,410 | -€12,816 | -194% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,594 | -€19,410 | -€12,816 | -194% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.