Alin SIRBU: 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.
Alin SIRBU
Largest movements
- Cash +€102,989
up €102,989 (+433%), from €23,758 to €126,747
mainly Net result for the year (+€147,834) and Other debts (+€81,289)
- Receivables within one year -€26,935
down €26,935 (-73.8%), from €36,496 to €9,561
- Current investments +€16,656
up €16,656 (+7.6%), from €219,956 to €236,612
- Other debts +€81,289
up €81,289 (+135%), from €60,123 to €141,412
- Tax, wage and social debts +€12,010
up €12,010 (+160%), from €7,490 to €19,500
- Debts after one year -€4,377
down €4,377 (-23.9%), from €18,297 to €13,920
- Gross operating margin +€108,296
up €108,296 (+84.3%), from €128,406 to €236,702
- Taxes +€22,975
up €22,975 (+142%), from €16,232 to €39,207
- Financial charges -€4,423
down €4,423 (-9.1%), from €48,833 to €44,410
- Depreciation +€2,942
up €2,942 (+108%), from €2,712 to €5,654
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 | €314,944 | €402,366 | +€87,423 | +27.8% |
| Fixed assets | 21/28 | €24,554 | €22,178 | -€2,376 | -9.7% |
| Tangible fixed assets | 22/27 | €24,554 | €21,978 | -€2,576 | -10.5% |
| Plant, machinery and equipment | 23 | €23,946 | €20,694 | -€3,252 | -13.6% |
| Furniture and vehicles | 24 | €607 | €1,284 | +€677 | +111% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €290,390 | €380,189 | +€89,798 | +30.9% |
| Amounts receivable within one year | 40/41 | €36,496 | €9,561 | -€26,935 | -73.8% |
| Other amounts receivable | 41 | €36,496 | €9,561 | -€26,935 | -73.8% |
| Current investments | 50/53 | €219,956 | €236,612 | +€16,656 | +7.6% |
| Cash at bank and in hand | 54/58 | €23,758 | €126,747 | +€102,989 | +433% |
| Deferred charges and accrued income | 490/1 | €10,180 | €7,269 | -€2,911 | -28.6% |
| Total equity and liabilities | 10/49 | €314,944 | €402,366 | +€87,423 | +27.8% |
| Equity | 10/15 | €214,321 | €214,321 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,721 | €195,721 | = | 0.0% |
| 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 | €193,861 | €193,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,623 | €188,046 | +€87,423 | +86.9% |
| Amounts payable after more than one year | 17 | €18,297 | €13,920 | -€4,377 | -23.9% |
| Financial debts | 170/4 | €18,297 | €13,920 | -€4,377 | -23.9% |
| Amounts payable within one year | 42/48 | €82,318 | €174,125 | +€91,808 | +112% |
| Current portion of amounts payable after more than one year | 42 | €4,252 | €4,377 | +€125 | +2.9% |
| Financial debts | 43 | €7,910 | €8,027 | +€117 | +1.5% |
| Credit institutions | 430/8 | €7,910 | €8,027 | +€117 | +1.5% |
| Trade debts | 44 | €2,542 | €809 | -€1,733 | -68.2% |
| Suppliers | 440/4 | €2,542 | €809 | -€1,733 | -68.2% |
| Taxes, remuneration and social security | 45 | €7,490 | €19,500 | +€12,010 | +160% |
| Taxes | 450/3 | €7,490 | €19,500 | +€12,010 | +160% |
| Other amounts payable | 47/48 | €60,123 | €141,412 | +€81,289 | +135% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,712 | €5,654 | +€2,942 | +108% |
| Other operating charges | 640/8 | €867 | €897 | +€29 | +3.4% |
| Gross operating margin | 9900 | €128,406 | €236,702 | +€108,296 | +84.3% |
| Operating profit (loss) | 9901 | €124,827 | €230,152 | +€105,325 | +84.4% |
| Financial income | 75/76B | €361 | €1,299 | +€938 | +260% |
| Recurring financial income | 75 | €361 | €1,299 | +€938 | +260% |
| Financial charges | 65/66B | €48,833 | €44,410 | -€4,423 | -9.1% |
| Recurring financial charges | 65 | €48,833 | €44,410 | -€4,423 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €76,356 | €187,041 | +€110,685 | +145% |
| Income taxes | 67/77 | €16,232 | €39,207 | +€22,975 | +142% |
| Profit (loss) for the period | 9904 | €60,123 | €147,834 | +€87,710 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €60,123 | €147,834 | +€87,710 | +146% |
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 20 October 2026 via checked.be.