CIRCOMEDIE: 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.
CIRCOMEDIE
Largest movements
- Cash +€70,142
up €70,142 (+63.7%), from €110,118 to €180,260
mainly Depreciation (+€124,241) and Net result for the year (+€65,537)
- Tangible fixed assets -€37,502
down €37,502 (-4.6%), from €817,942 to €780,440
of which Land and buildings: -€31,730
- Profit (loss) carried forward +€65,537
up €65,537 (+15.3%), from €427,184 to €492,721
- Debts after one year -€34,398
down €34,398 (-20.7%), from €166,143 to €131,745
of which Financial debts: -€34,398
- Debts within one year +€14,715
up €14,715 (+5.6%), from €262,458 to €277,173
of which Tax, wage and social debts: +€29,425
- Gross operating margin +€142,270
up €142,270 (+24.3%), from €584,554 to €726,825
- Staff costs +€44,216
up €44,216 (+9.4%), from €472,042 to €516,258
- Depreciation +€14,690
up €14,690 (+13.4%), from €109,551 to €124,241
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 | €1,075,175 | €1,119,318 | +€44,143 | +4.1% |
| Fixed assets | 21/28 | €888,541 | €851,039 | -€37,502 | -4.2% |
| Tangible fixed assets | 22/27 | €817,942 | €780,440 | -€37,502 | -4.6% |
| Land and buildings | 22 | €786,712 | €754,982 | -€31,730 | -4.0% |
| Plant, machinery and equipment | 23 | €27,730 | €19,858 | -€7,872 | -28.4% |
| Furniture and vehicles | 24 | €3,500 | €5,600 | +€2,100 | +60.0% |
| Financial fixed assets | 28 | €70,598 | €70,598 | = | 0.0% |
| Current assets | 29/58 | €186,634 | €268,279 | +€81,644 | +43.7% |
| Amounts receivable within one year | 40/41 | €61,934 | €71,834 | +€9,900 | +16.0% |
| Trade receivables | 40 | €60,801 | €69,019 | +€8,217 | +13.5% |
| Other amounts receivable | 41 | €1,133 | €2,815 | +€1,682 | +149% |
| Cash at bank and in hand | 54/58 | €110,118 | €180,260 | +€70,142 | +63.7% |
| Deferred charges and accrued income | 490/1 | €14,582 | €16,186 | +€1,603 | +11.0% |
| Total equity and liabilities | 10/49 | €1,075,175 | €1,119,318 | +€44,143 | +4.1% |
| Equity | 10/15 | €547,184 | €612,721 | +€65,537 | +12.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €427,184 | €492,721 | +€65,537 | +15.3% |
| Provisions and deferred taxes | 16 | €94,800 | €94,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €94,800 | €94,800 | = | 0.0% |
| Pensions and similar obligations | 160 | €94,800 | €94,800 | = | 0.0% |
| Amounts payable | 17/49 | €433,191 | €411,796 | -€21,395 | -4.9% |
| Amounts payable after more than one year | 17 | €166,143 | €131,745 | -€34,398 | -20.7% |
| Financial debts | 170/4 | €157,143 | €122,745 | -€34,398 | -21.9% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €262,458 | €277,173 | +€14,715 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €33,460 | €34,398 | +€937 | +2.8% |
| Trade debts | 44 | €37,155 | €47,233 | +€10,078 | +27.1% |
| Suppliers | 440/4 | €37,155 | €47,233 | +€10,078 | +27.1% |
| Advances received on contracts in progress | 46 | €402 | €402 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €53,324 | €82,749 | +€29,425 | +55.2% |
| Taxes | 450/3 | €9,413 | €20,648 | +€11,236 | +119% |
| Remuneration and social security | 454/9 | €43,912 | €62,101 | +€18,189 | +41.4% |
| Accrued charges and deferred income | 492/3 | €4,591 | €2,879 | -€1,712 | -37.3% |
| Remuneration, social security and pensions | 62 | €472,042 | €516,258 | +€44,216 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,551 | €124,241 | +€14,690 | +13.4% |
| Other operating charges | 640/8 | €9,783 | €7,837 | -€1,946 | -19.9% |
| Gross operating margin | 9900 | €584,554 | €726,825 | +€142,270 | +24.3% |
| Operating profit (loss) | 9901 | -€6,821 | €78,489 | +€85,310 | |
| Financial income | 75/76B | €1,088 | €1,370 | +€282 | +25.9% |
| Recurring financial income | 75 | €1,088 | €1,370 | +€282 | +25.9% |
| Financial charges | 65/66B | €2,942 | €5,427 | +€2,484 | +84.4% |
| Recurring financial charges | 65 | €2,942 | €5,427 | +€2,484 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,675 | €74,433 | +€83,108 | |
| Income taxes | 67/77 | €6,928 | €8,895 | +€1,967 | +28.4% |
| Profit (loss) for the period | 9904 | -€15,604 | €65,537 | +€81,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,604 | €65,537 | +€81,141 |
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 30 October 2026 via checked.be.