Ciroo: 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.
Ciroo
Largest movements
- Tangible fixed assets -€55,754
down €55,754 (-6.6%), from €842,691 to €786,937
of which Land and buildings: -€53,734
- Debts after one year -€111,111
down €111,111 (-19.7%), from €564,445 to €453,334
- Current portion of long-term debt +€57,778
new in 2025: €57,778
- Gross operating margin -€13,887
down €13,887 (-18.0%), from €77,292 to €63,404
- Other operating charges -€2,702
down €2,702 (-81.0%), from €3,337 to €635
- Taxes -€1,478
down €1,478 (-64.9%), from €2,278 to €800
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 | €1,337,384 | €1,286,499 | -€50,885 | -3.8% |
| Fixed assets | 21/28 | €842,691 | €786,937 | -€55,754 | -6.6% |
| Tangible fixed assets | 22/27 | €842,691 | €786,937 | -€55,754 | -6.6% |
| Land and buildings | 22 | €824,508 | €770,774 | -€53,734 | -6.5% |
| Plant, machinery and equipment | 23 | €18,183 | €16,162 | -€2,020 | -11.1% |
| Current assets | 29/58 | €494,694 | €499,562 | +€4,869 | +1.0% |
| Amounts receivable within one year | 40/41 | €481,150 | €492,098 | +€10,948 | +2.3% |
| Trade receivables | 40 | €481,119 | €492,098 | +€10,980 | +2.3% |
| Other amounts receivable | 41 | €32 | - | -€32 | |
| Cash at bank and in hand | 54/58 | €13,544 | €7,464 | -€6,079 | -44.9% |
| Total equity and liabilities | 10/49 | €1,337,384 | €1,286,499 | -€50,885 | -3.8% |
| Equity | 10/15 | €355,982 | €357,545 | +€1,562 | +0.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €55,379 | €56,941 | +€1,562 | +2.8% |
| Distributable reserves | 133 | €55,379 | €56,941 | +€1,562 | +2.8% |
| Profit (loss) carried forward | 14 | €604 | €604 | = | 0.0% |
| Amounts payable | 17/49 | €981,402 | €928,954 | -€52,448 | -5.3% |
| Amounts payable after more than one year | 17 | €564,445 | €453,334 | -€111,111 | -19.7% |
| Financial debts | 170/4 | €564,445 | €453,334 | -€111,111 | -19.7% |
| Amounts payable within one year | 42/48 | €416,958 | €475,621 | +€58,663 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | - | €57,778 | +€57,778 | |
| Trade debts | 44 | €282,902 | €283,311 | +€408 | +0.1% |
| Suppliers | 440/4 | €282,902 | €283,311 | +€408 | +0.1% |
| Taxes, remuneration and social security | 45 | €13,124 | €13,601 | +€477 | +3.6% |
| Taxes | 450/3 | €13,124 | €13,601 | +€477 | +3.6% |
| Other amounts payable | 47/48 | €120,931 | €120,931 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,852 | €55,754 | -€98 | -0.2% |
| Other operating charges | 640/8 | €3,337 | €635 | -€2,702 | -81.0% |
| Gross operating margin | 9900 | €77,292 | €63,404 | -€13,887 | -18.0% |
| Operating profit (loss) | 9901 | €18,102 | €7,015 | -€11,087 | -61.2% |
| Financial charges | 65/66B | €5,391 | €4,652 | -€738 | -13.7% |
| Recurring financial charges | 65 | €5,391 | €4,652 | -€738 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €12,711 | €2,362 | -€10,349 | -81.4% |
| Income taxes | 67/77 | €2,278 | €800 | -€1,478 | -64.9% |
| Profit (loss) for the period | 9904 | €10,434 | €1,562 | -€8,871 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,434 | €1,562 | -€8,871 | -85.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.