Siwi hvac: 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.
Siwi hvac
Largest movements
- Receivables within one year +€323,914
up €323,914 (+88.7%), from €365,321 to €689,235
of which Trade receivables: +€288,260
- Tangible fixed assets -€40,953
down €40,953 (-10.1%), from €405,883 to €364,931
of which Land and buildings: -€22,620
- Reserves +€151,453
up €151,453 (+50.2%), from €301,902 to €453,355
of which Distributable reserves: +€151,453
- Trade debts +€73,259
up €73,259 (+30.1%), from €243,177 to €316,436
- Debts after one year +€36,100
up €36,100 (+14.5%), from €249,430 to €285,530
- Current portion of long-term debt +€21,010
up €21,010 (+33.0%), from €63,723 to €84,733
- Gross operating margin +€50,883
up €50,883 (+12.0%), from €422,499 to €473,382
- Staff costs +€28,622
up €28,622 (+17.0%), from €168,124 to €196,746
- Financial charges +€11,385
up €11,385 (+89.1%), from €12,784 to €24,169
- Depreciation -€8,718
down €8,718 (-16.0%), from €54,319 to €45,601
- Taxes +€4,807
up €4,807 (+10.3%), from €46,599 to €51,406
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 | €875,766 | €1,166,363 | +€290,596 | +33.2% |
| Fixed assets | 21/28 | €405,883 | €364,931 | -€40,953 | -10.1% |
| Tangible fixed assets | 22/27 | €405,883 | €364,931 | -€40,953 | -10.1% |
| Land and buildings | 22 | €339,600 | €316,980 | -€22,620 | -6.7% |
| Plant, machinery and equipment | 23 | €38,283 | €29,146 | -€9,136 | -23.9% |
| Furniture and vehicles | 24 | €28,000 | €18,804 | -€9,196 | -32.8% |
| Current assets | 29/58 | €469,883 | €801,432 | +€331,549 | +70.6% |
| Stocks and contracts in progress | 3 | €17,027 | €21,133 | +€4,105 | +24.1% |
| Stocks | 30/36 | €17,027 | €21,133 | +€4,105 | +24.1% |
| Amounts receivable within one year | 40/41 | €365,321 | €689,235 | +€323,914 | +88.7% |
| Trade receivables | 40 | €302,988 | €591,248 | +€288,260 | +95.1% |
| Other amounts receivable | 41 | €62,333 | €97,987 | +€35,654 | +57.2% |
| Cash at bank and in hand | 54/58 | €84,542 | €88,740 | +€4,198 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,994 | €2,325 | -€669 | -22.3% |
| Total equity and liabilities | 10/49 | €875,766 | €1,166,363 | +€290,596 | +33.2% |
| Equity | 10/15 | €308,102 | €459,555 | +€151,453 | +49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,902 | €453,355 | +€151,453 | +50.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €300,042 | €451,495 | +€151,453 | +50.5% |
| Amounts payable | 17/49 | €567,665 | €706,808 | +€139,144 | +24.5% |
| Amounts payable after more than one year | 17 | €249,430 | €285,530 | +€36,100 | +14.5% |
| Financial debts | 170/4 | €249,430 | €285,530 | +€36,100 | +14.5% |
| Amounts payable within one year | 42/48 | €318,235 | €421,278 | +€103,043 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €63,723 | €84,733 | +€21,010 | +33.0% |
| Trade debts | 44 | €243,177 | €316,436 | +€73,259 | +30.1% |
| Suppliers | 440/4 | €243,177 | €316,436 | +€73,259 | +30.1% |
| Taxes, remuneration and social security | 45 | €8,600 | €16,292 | +€7,692 | +89.4% |
| Taxes | 450/3 | €4,214 | €5,404 | +€1,190 | +28.2% |
| Remuneration and social security | 454/9 | €4,386 | €10,888 | +€6,502 | +148% |
| Other amounts payable | 47/48 | €2,734 | €3,817 | +€1,082 | +39.6% |
| Remuneration, social security and pensions | 62 | €168,124 | €196,746 | +€28,622 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,319 | €45,601 | -€8,718 | -16.0% |
| Other operating charges | 640/8 | €4,492 | €5,484 | +€992 | +22.1% |
| Gross operating margin | 9900 | €422,499 | €473,382 | +€50,883 | +12.0% |
| Operating profit (loss) | 9901 | €195,563 | €225,550 | +€29,987 | +15.3% |
| Financial income | 75/76B | €600 | €1,478 | +€878 | +146% |
| Recurring financial income | 75 | €600 | €1,478 | +€878 | +146% |
| Financial charges | 65/66B | €12,784 | €24,169 | +€11,385 | +89.1% |
| Recurring financial charges | 65 | €12,784 | €24,169 | +€11,385 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €183,378 | €202,859 | +€19,481 | +10.6% |
| Income taxes | 67/77 | €46,599 | €51,406 | +€4,807 | +10.3% |
| Profit (loss) for the period | 9904 | €136,779 | €151,453 | +€14,674 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,779 | €151,453 | +€14,674 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.