CIRBRUX: 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.
CIRBRUX
Largest movements
- Tangible fixed assets -€50,005
down €50,005 (-4.0%), from €1.3m to €1.2m
- Debts after one year -€84,538
down €84,538 (-8.8%), from €959,038 to €874,500
- Other debts +€17,878
up €17,878 (+5.2%), from €341,856 to €359,734
- Gross operating margin -€20,129
down €20,129 (-21.8%), from €92,397 to €72,268
- Financial charges -€1,402
down €1,402 (-6.6%), from €21,280 to €19,878
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,275,862 | €1,216,324 | -€59,538 | -4.7% |
| Fixed assets | 21/28 | €1,260,765 | €1,210,760 | -€50,005 | -4.0% |
| Tangible fixed assets | 22/27 | €1,260,765 | €1,210,760 | -€50,005 | -4.0% |
| Land and buildings | 22 | €1,260,765 | €1,210,760 | -€50,005 | -4.0% |
| Current assets | 29/58 | €15,097 | €5,564 | -€9,533 | -63.1% |
| Amounts receivable after more than one year | 29 | €12,500 | €2,500 | -€10,000 | -80.0% |
| Other amounts receivable | 291 | €12,500 | €2,500 | -€10,000 | -80.0% |
| Amounts receivable within one year | 40/41 | - | €378 | +€378 | |
| Other amounts receivable | 41 | - | €378 | +€378 | |
| Deferred charges and accrued income | 490/1 | €2,597 | €2,686 | +€89 | +3.4% |
| Total equity and liabilities | 10/49 | €1,275,862 | €1,216,324 | -€59,538 | -4.7% |
| Equity | 10/15 | -€120,184 | -€125,545 | -€5,361 | -4.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,184 | -€175,545 | -€5,361 | -3.2% |
| Amounts payable | 17/49 | €1,396,046 | €1,341,869 | -€54,177 | -3.9% |
| Amounts payable after more than one year | 17 | €959,038 | €874,500 | -€84,538 | -8.8% |
| Financial debts | 170/4 | €959,038 | €874,500 | -€84,538 | -8.8% |
| Amounts payable within one year | 42/48 | €436,737 | €467,369 | +€30,632 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €82,968 | €84,538 | +€1,570 | +1.9% |
| Financial debts | 43 | €5,036 | €6,177 | +€1,140 | +22.6% |
| Credit institutions | 430/8 | €5,036 | €6,177 | +€1,140 | +22.6% |
| Trade debts | 44 | €6,645 | €16,703 | +€10,059 | +151.4% |
| Suppliers | 440/4 | €6,645 | €16,703 | +€10,059 | +151.4% |
| Taxes, remuneration and social security | 45 | €231 | €217 | -€14 | -6.2% |
| Taxes | 450/3 | €231 | €217 | -€14 | -6.2% |
| Other amounts payable | 47/48 | €341,856 | €359,734 | +€17,878 | +5.2% |
| Accrued charges and deferred income | 492/3 | €271 | - | -€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,777 | €50,005 | -€772 | -1.5% |
| Other operating charges | 640/8 | €7,295 | €7,747 | +€452 | +6.2% |
| Gross operating margin | 9900 | €92,397 | €72,268 | -€20,129 | -21.8% |
| Operating profit (loss) | 9901 | €34,325 | €14,517 | -€19,808 | -57.7% |
| Financial charges | 65/66B | €21,280 | €19,878 | -€1,402 | -6.6% |
| Recurring financial charges | 65 | €21,280 | €19,878 | -€1,402 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €13,045 | -€5,361 | -€18,406 | |
| Profit (loss) for the period | 9904 | €13,045 | -€5,361 | -€18,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,045 | -€5,361 | -€18,406 |
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 10 October 2026 via checked.be.