CIRCLE BELGIUM: 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.
CIRCLE BELGIUM
Largest movements
- Cash -€14,474
down €14,474 (-71.0%), from €20,382 to €5,908
mainly Net result for the year (-€67,784) and Tax, wage and social debts (-€19,764)
- Receivables within one year +€8,002
up €8,002 (+13.1%), from €61,227 to €69,229
of which Trade receivables: +€6,359
- Deferred charges and accrued income -€3,639
no longer reported in 2025 (was €3,639)
- Other debts +€77,785
up €77,785 (+5.6%), from €1.4m to €1.5m
- Profit (loss) carried forward -€67,784
down €67,784 (-4.6%), from -€1.5m to -€1.5m
- Tax, wage and social debts -€19,764
down €19,764 (-99.7%), from €19,816 to €52
of which Remuneration and social security: -€19,119
- Staff costs -€105,700
down €105,700 (-64.9%), from €162,818 to €57,118
- Turnover -€38,321
down €38,321 (-92.6%), from €41,376 to €3,055
- Services and other goods -€9,622
down €9,622 (-45.6%), from €21,106 to €11,484
- Other operating charges +€520
up €520 (+54.8%), from €950 to €1,470
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 | €85,248 | €75,137 | -€10,111 | -11.9% |
| Current assets | 29/58 | €85,248 | €75,137 | -€10,111 | -11.9% |
| Amounts receivable within one year | 40/41 | €61,227 | €69,229 | +€8,002 | +13.1% |
| Trade receivables | 40 | €59,762 | €66,121 | +€6,359 | +10.6% |
| Other amounts receivable | 41 | €1,465 | €3,108 | +€1,643 | +112.1% |
| Cash at bank and in hand | 54/58 | €20,382 | €5,908 | -€14,474 | -71.0% |
| Deferred charges and accrued income | 490/1 | €3,639 | - | -€3,639 | |
| Total equity and liabilities | 10/49 | €85,248 | €75,137 | -€10,111 | -11.9% |
| Equity | 10/15 | -€1,408,287 | -€1,476,072 | -€67,784 | -4.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,469,787 | -€1,537,572 | -€67,784 | -4.6% |
| Amounts payable | 17/49 | €1,493,535 | €1,551,209 | +€57,673 | +3.9% |
| Amounts payable within one year | 42/48 | €1,493,535 | €1,551,209 | +€57,673 | +3.9% |
| Trade debts | 44 | €77,275 | €76,927 | -€347 | -0.4% |
| Suppliers | 440/4 | €77,275 | €76,927 | -€347 | -0.4% |
| Taxes, remuneration and social security | 45 | €19,816 | €52 | -€19,764 | -99.7% |
| Taxes | 450/3 | €697 | €52 | -€645 | -92.6% |
| Remuneration and social security | 454/9 | €19,119 | - | -€19,119 | |
| Other amounts payable | 47/48 | €1,396,445 | €1,474,230 | +€77,785 | +5.6% |
| Operating income | 70/76A | €43,800 | €5,834 | -€37,966 | -86.7% |
| Turnover | 70 | €41,376 | €3,055 | -€38,321 | -92.6% |
| Other operating income | 74 | €2,424 | €2,779 | +€355 | +14.6% |
| Operating charges | 60/66A | €184,873 | €70,072 | -€114,801 | -62.1% |
| Services and other goods | 61 | €21,106 | €11,484 | -€9,622 | -45.6% |
| Remuneration, social security and pensions | 62 | €162,818 | €57,118 | -€105,700 | -64.9% |
| Other operating charges | 640/8 | €950 | €1,470 | +€520 | +54.8% |
| Operating profit (loss) | 9901 | -€141,073 | -€64,237 | +€76,835 | +54.5% |
| Financial charges | 65/66B | €3,478 | €3,495 | +€17 | +0.5% |
| Recurring financial charges | 65 | €3,478 | €3,495 | +€17 | +0.5% |
| Debt charges | 650 | €3,478 | €3,495 | +€17 | +0.5% |
| Other financial charges | 652/9 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€144,551 | -€67,733 | +€76,818 | +53.1% |
| Income taxes | 67/77 | €228 | €52 | -€176 | -77.4% |
| Taxes | 670/3 | €228 | €52 | -€176 | -77.4% |
| Profit (loss) for the period | 9904 | -€144,779 | -€67,784 | +€76,994 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,779 | -€67,784 | +€76,994 | +53.2% |
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 11 October 2026 via checked.be.