CIRKANT: 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.
What changed
CIRKANT
NACE 88.992, Social work activities without accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€650,309
2024 · €511,491+€138,818
Equity
€11.0m
2024 · €6.4m+€4.5m
Cash
€3.0m
2024 · €2.5m+€417,156
Balance sheet total
€13.1m
2024 · €8.8m+€4.3m
Largest movements
Assets
- Receivables within one year +€4.1m
up €4.1m (+377%), from €1.1m to €5.2m
of which Other amounts receivable: +€4.1m
- Cash +€417,156
up €417,156 (+16.4%), from €2.5m to €3.0m
mainly Contributions, distributions and other (+€3.9m) and Net result for the year (+€650,309)
- Tangible fixed assets -€204,158
down €204,158 (-6.7%), from €3.0m to €2.8m
of which Land and buildings: -€153,789
Equity and liabilities
- Investment grants +€3.9m
up €3.9m (+424%), from €915,481 to €4.8m
- Reserves +€600,000
up €600,000 (+21.4%), from €2.8m to €3.4m
- Accrued charges and deferred income -€169,832
down €169,832 (-84.7%), from €200,549 to €30,717
Income statement
- Staff costs +€237,551
up €237,551 (+2.8%), from €8.6m to €8.9m
- Services and other goods +€114,189
up €114,189 (+19.8%), from €575,339 to €689,528
- Financial income -€32,226
down €32,226 (-33.5%), from €96,161 to €63,935
- Depreciation +€20,492
up €20,492 (+9.2%), from €223,630 to €244,122
- Other operating charges -€11,788
down €11,788 (-14.7%), from €80,124 to €68,337
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.
Result 2024
€511,491
Turnover
+€59
Other operating income
-€2,974
Goods and materials
-€4,533
Services and other goods
-€114,189
Staff costs
-€237,551
Depreciation
-€20,492
Other operating charges
+€11,788
Other operating items
+€537,786
Financial income
-€32,226
Financial charges
+€1,152
Result 2025
€650,309
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.4m
Investment
-€39,965
Financing
+€3.8m
Cash 2024
€2.5m
From operations (derived)
-€3.4m
Net result for the year
+€650,309
Depreciation
+€244,122
Receivables within one year
-€4.1m
Smaller working-capital items
-€1,900
Accrued charges and deferred income
-€169,832
Investment (derived)
-€39,965
Investment in fixed assets (net)
-€39,965
Financing
+€3.8m
Debts after one year
-€58,720
Contributions, distributions and other
+€3.9m
Cash 2025
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,782,949 | €13,079,541 | +€4.3m | +48.9% |
| Fixed assets | 21/28 | €3,025,189 | €2,821,031 | -€204,158 | -6.7% |
| Tangible fixed assets | 22/27 | €3,025,189 | €2,821,031 | -€204,158 | -6.7% |
| Land and buildings | 22 | €2,601,462 | €2,447,673 | -€153,789 | -5.9% |
| Plant, machinery and equipment | 23 | €114,607 | €67,110 | -€47,497 | -41.4% |
| Furniture and vehicles | 24 | €78,643 | €70,037 | -€8,607 | -10.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €230,476 | €236,212 | +€5,735 | +2.5% |
| Current assets | 29/58 | €5,757,760 | €10,258,509 | +€4.5m | +78.2% |
| Amounts receivable within one year | 40/41 | €1,084,750 | €5,172,689 | +€4.1m | +377% |
| Trade receivables | 40 | €7,470 | €600 | -€6,870 | -92.0% |
| Other amounts receivable | 41 | €1,077,280 | €5,172,089 | +€4.1m | +380% |
| Current investments | 50/53 | €2,100,000 | €2,100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,542,480 | €2,959,636 | +€417,156 | +16.4% |
| Deferred charges and accrued income | 490/1 | €30,530 | €26,185 | -€4,345 | -14.2% |
| Total equity and liabilities | 10/49 | €8,782,949 | €13,079,541 | +€4.3m | +48.9% |
| Equity | 10/15 | €6,441,840 | €10,973,229 | +€4.5m | +70.3% |
| Contributions | 10/11 | €292,665 | €292,665 | = | 0.0% |
| Capital | 10 | €292,665 | €292,665 | = | 0.0% |
| Reserves | 13 | €2,800,000 | €3,400,000 | +€600,000 | +21.4% |
| Profit (loss) carried forward | 14 | €2,433,694 | €2,484,003 | +€50,309 | +2.1% |
| Investment grants | 15 | €915,481 | €4,796,561 | +€3.9m | +424% |
| Amounts payable | 17/49 | €2,341,108 | €2,106,311 | -€234,797 | -10.0% |
| Amounts payable after more than one year | 17 | €231,024 | €172,304 | -€58,720 | -25.4% |
| Financial debts | 170/4 | €209,149 | €157,929 | -€51,220 | -24.5% |
| Credit institutions | 173 | €209,149 | €157,929 | -€51,220 | -24.5% |
| Other amounts payable | 178/9 | €21,875 | €14,375 | -€7,500 | -34.3% |
| Amounts payable within one year | 42/48 | €1,909,535 | €1,903,290 | -€6,245 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €78,984 | €58,720 | -€20,264 | -25.7% |
| Trade debts | 44 | €156,848 | €175,921 | +€19,073 | +12.2% |
| Suppliers | 440/4 | €156,848 | €175,921 | +€19,073 | +12.2% |
| Taxes, remuneration and social security | 45 | €1,640,436 | €1,639,421 | -€1,016 | -0.1% |
| Taxes | 450/3 | €109,417 | €110,493 | +€1,076 | +1.0% |
| Remuneration and social security | 454/9 | €1,531,019 | €1,528,928 | -€2,091 | -0.1% |
| Accrued charges and deferred income | 492/3 | €200,549 | €30,717 | -€169,832 | -84.7% |
| Operating income | 70/76A | €10,156,437 | €10,681,350 | +€524,913 | +5.2% |
| Turnover | 70 | €2,161 | €2,220 | +€59 | +2.7% |
| Membership fees, donations, legacies and grants | 73 | €10,079,698 | €10,607,611 | +€527,912 | +5.2% |
| Other operating income | 74 | €71,378 | €68,403 | -€2,974 | -4.2% |
| Non-recurring operating income | 76A | €3,200 | €3,116 | -€84 | -2.6% |
| Operating charges | 60/66A | €9,730,633 | €10,085,653 | +€355,020 | +3.6% |
| Goods for resale, raw materials and consumables | 60 | €203,832 | €208,365 | +€4,533 | +2.2% |
| Purchases | 600/8 | €203,832 | €208,365 | +€4,533 | +2.2% |
| Services and other goods | 61 | €575,339 | €689,528 | +€114,189 | +19.8% |
| Remuneration, social security and pensions | 62 | €8,637,751 | €8,875,302 | +€237,551 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,630 | €244,122 | +€20,492 | +9.2% |
| Other operating charges | 640/8 | €80,124 | €68,337 | -€11,788 | -14.7% |
| Non-recurring operating charges | 66A | €9,958 | - | -€9,958 | |
| Operating profit (loss) | 9901 | €425,804 | €595,696 | +€169,893 | +39.9% |
| Financial income | 75/76B | €96,161 | €63,935 | -€32,226 | -33.5% |
| Recurring financial income | 75 | €96,161 | €63,935 | -€32,226 | -33.5% |
| Income from current assets | 751 | €94,033 | €61,019 | -€33,015 | -35.1% |
| Other financial income | 752/9 | €2,128 | €2,916 | +€788 | +37.0% |
| Financial charges | 65/66B | €10,474 | €9,322 | -€1,152 | -11.0% |
| Recurring financial charges | 65 | €10,474 | €9,322 | -€1,152 | -11.0% |
| Debt charges | 650 | €7,949 | €6,491 | -€1,457 | -18.3% |
| Other financial charges | 652/9 | €2,525 | €2,831 | +€305 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €511,491 | €650,309 | +€138,818 | +27.1% |
| Profit (loss) for the period | 9904 | €511,491 | €650,309 | +€138,818 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €511,491 | €650,309 | +€138,818 | +27.1% |
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 15 October 2026 via checked.be.