CIRCIMMO: what changed
Two fiscal 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.
CIRCIMMO
Largest movements
- Tangible fixed assets -€33,074
down €33,074 (-5.8%), from €569,489 to €536,414
- Cash -€24,132
down €24,132 (-25.9%), from €93,255 to €69,123
mainly Net result for the year (-€58,925) and Investment in fixed assets (net) (-€4,757)
- Profit (loss) carried forward -€58,925
down €58,925 (-9.7%), from -€608,824 to -€667,748
- Gross operating margin -€12,782
down €12,782 (-1297.8%), from -€985 to -€13,767
- Depreciation +€211
up €211 (+0.6%), from €37,620 to €37,832
- Other operating charges +€176
up €176 (+2.5%), from €7,055 to €7,231
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
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 | €664,882 | €610,411 | -€54,471 | -8.2% |
| Fixed assets | 21/28 | €569,489 | €536,414 | -€33,074 | -5.8% |
| Tangible fixed assets | 22/27 | €569,489 | €536,414 | -€33,074 | -5.8% |
| Land and buildings | 22 | €569,489 | €536,414 | -€33,074 | -5.8% |
| Current assets | 29/58 | €95,393 | €73,997 | -€21,396 | -22.4% |
| Amounts receivable within one year | 40/41 | - | €1,559 | +€1,559 | |
| Trade receivables | 40 | - | €1,559 | +€1,559 | |
| Cash at bank and in hand | 54/58 | €93,255 | €69,123 | -€24,132 | -25.9% |
| Deferred charges and accrued income | 490/1 | €2,138 | €3,315 | +€1,177 | +55.0% |
| Total equity and liabilities | 10/49 | €664,882 | €610,411 | -€54,471 | -8.2% |
| Equity | 10/15 | -€113,036 | -€171,961 | -€58,925 | -52.1% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€608,824 | -€667,748 | -€58,925 | -9.7% |
| Amounts payable | 17/49 | €777,918 | €782,372 | +€4,454 | +0.6% |
| Amounts payable after more than one year | 17 | €713,538 | €713,538 | = | 0.0% |
| Other amounts payable | 178/9 | €713,538 | €713,538 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,292 | €68,834 | +€4,542 | +7.1% |
| Trade debts | 44 | €1,451 | €5,993 | +€4,542 | +313.0% |
| Suppliers | 440/4 | €1,451 | €5,993 | +€4,542 | +313.0% |
| Other amounts payable | 47/48 | €62,841 | €62,841 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €88 | - | -€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,620 | €37,832 | +€211 | +0.6% |
| Other operating charges | 640/8 | €7,055 | €7,231 | +€176 | +2.5% |
| Gross operating margin | 9900 | -€985 | -€13,767 | -€12,782 | -1297.8% |
| Operating profit (loss) | 9901 | -€45,660 | -€58,830 | -€13,170 | -28.8% |
| Financial charges | 65/66B | €38 | €95 | +€56 | +147.0% |
| Recurring financial charges | 65 | €38 | €95 | +€56 | +147.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,698 | -€58,925 | -€13,226 | -28.9% |
| Profit (loss) for the period | 9904 | -€45,698 | -€58,925 | -€13,226 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,698 | -€58,925 | -€13,226 | -28.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.