THE SIENERY: 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.
THE SIENERY
Largest movements
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€22,973
up €22,973 (+42.1%), from €54,624 to €77,596
mainly Other debts (+€55,563) and Current investments (+€25,000)
- Receivables within one year +€1,927
up €1,927 (+16.7%), from €11,558 to €13,485
of which Trade receivables: +€1,976
- Reserves -€55,905
no longer reported in 2025 (was €55,905)
- Other debts +€55,563
up €55,563 (+256%), from €21,740 to €77,303
- Gross operating margin -€7,459
down €7,459 (-22.0%), from €33,917 to €26,457
- Taxes -€1,706
down €1,706 (-25.6%), from €6,663 to €4,957
- Financial income -€877
down €877 (-82.5%), from €1,064 to €186
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 | €95,261 | €94,347 | -€914 | -1.0% |
| Fixed assets | 21/28 | €40 | €40 | = | 0.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €95,221 | €94,307 | -€914 | -1.0% |
| Amounts receivable within one year | 40/41 | €11,558 | €13,485 | +€1,927 | +16.7% |
| Trade receivables | 40 | €11,410 | €13,386 | +€1,976 | +17.3% |
| Other amounts receivable | 41 | €148 | €99 | -€48 | -32.8% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €54,624 | €77,596 | +€22,973 | +42.1% |
| Deferred charges and accrued income | 490/1 | €4,040 | €3,226 | -€814 | -20.2% |
| Total equity and liabilities | 10/49 | €95,261 | €94,347 | -€914 | -1.0% |
| Equity | 10/15 | €65,905 | €10,000 | -€55,905 | -84.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €55,905 | - | -€55,905 | |
| Distributable reserves | 133 | €55,905 | - | -€55,905 | |
| Amounts payable | 17/49 | €29,356 | €84,347 | +€54,991 | +187% |
| Amounts payable within one year | 42/48 | €28,554 | €84,347 | +€55,793 | +195% |
| Trade debts | 44 | €965 | €1,364 | +€399 | +41.4% |
| Suppliers | 440/4 | €965 | €1,364 | +€399 | +41.4% |
| Taxes, remuneration and social security | 45 | €5,850 | €5,680 | -€170 | -2.9% |
| Taxes | 450/3 | €5,850 | €5,680 | -€170 | -2.9% |
| Other amounts payable | 47/48 | €21,740 | €77,303 | +€55,563 | +256% |
| Accrued charges and deferred income | 492/3 | €802 | - | -€802 | |
| Other operating charges | 640/8 | €551 | €520 | -€32 | -5.7% |
| Gross operating margin | 9900 | €33,917 | €26,457 | -€7,459 | -22.0% |
| Operating profit (loss) | 9901 | €33,365 | €25,938 | -€7,428 | -22.3% |
| Financial income | 75/76B | €1,064 | €186 | -€877 | -82.5% |
| Recurring financial income | 75 | €1,064 | €186 | -€877 | -82.5% |
| Financial charges | 65/66B | €2,056 | €2,125 | +€68 | +3.3% |
| Recurring financial charges | 65 | €2,056 | €2,125 | +€68 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €32,373 | €23,999 | -€8,374 | -25.9% |
| Income taxes | 67/77 | €6,663 | €4,957 | -€1,706 | -25.6% |
| Profit (loss) for the period | 9904 | €25,710 | €19,043 | -€6,668 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,710 | €19,043 | -€6,668 | -25.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.