Circeaulair I: 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.
Circeaulair I
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€566
down €566 (-26.6%), from -€2,128 to -€2,694
- Trade debts +€512
up €512 (+24.9%), from €2,058 to €2,569
- Gross operating margin +€956
up €956 (+68.6%), from -€1,394 to -€438
- Financial charges -€580
down €580 (-91.5%), from €634 to €54
- Other operating charges -€26
down €26 (-26.4%), from €100 to €74
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 | €9,932 | €9,878 | -€54 | -0.5% |
| Current assets | 29/58 | €9,932 | €9,878 | -€54 | -0.5% |
| Amounts receivable within one year | 40/41 | €314 | €314 | = | 0.0% |
| Other amounts receivable | 41 | €314 | €314 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,618 | €9,564 | -€54 | -0.6% |
| Total equity and liabilities | 10/49 | €9,932 | €9,878 | -€54 | -0.5% |
| Equity | 10/15 | €7,874 | €7,308 | -€566 | -7.2% |
| Contributions | 10/11 | €10,002 | €10,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,128 | -€2,694 | -€566 | -26.6% |
| Amounts payable | 17/49 | €2,058 | €2,569 | +€512 | +24.9% |
| Amounts payable within one year | 42/48 | €2,058 | €2,569 | +€512 | +24.9% |
| Trade debts | 44 | €2,058 | €2,569 | +€512 | +24.9% |
| Suppliers | 440/4 | €2,058 | €2,569 | +€512 | +24.9% |
| Other operating charges | 640/8 | €100 | €74 | -€26 | -26.4% |
| Gross operating margin | 9900 | -€1,394 | -€438 | +€956 | +68.6% |
| Operating profit (loss) | 9901 | -€1,494 | -€512 | +€982 | +65.7% |
| Financial charges | 65/66B | €634 | €54 | -€580 | -91.5% |
| Recurring financial charges | 65 | €634 | €54 | -€580 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,128 | -€566 | +€1,562 | +73.4% |
| Profit (loss) for the period | 9904 | -€2,128 | -€566 | +€1,562 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,128 | -€566 | +€1,562 | +73.4% |
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 29 October 2026 via checked.be.