CIRPRESS: 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.
CIRPRESS
Largest movements
- Stocks and contracts +€35,000
up €35,000 (+38.9%), from €90,000 to €125,000
- Tangible fixed assets -€30,045
down €30,045 (-11.2%), from €268,042 to €237,997
of which Leasing and similar rights: -€37,060
- Cash -€14,551
down €14,551 (-72.6%), from €20,055 to €5,504
mainly Trade debts (-€114,953) and Short-term financial debts (-€100,000)
- Other debts +€247,371
up €247,371 (+470.0%), from €52,629 to €300,000
- Trade debts -€114,953
down €114,953 (-72.4%), from €158,711 to €43,758
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Profit (loss) carried forward -€87,927
down €87,927 (-78.9%), from -€111,404 to -€199,331
- Tax, wage and social debts +€26,919
up €26,919 (+1245.0%), from €2,162 to €29,081
of which Taxes: +€13,465
- Staff costs +€104,095
up €104,095 (+1245.4%), from €8,359 to €112,454
- Gross operating margin +€100,066
up €100,066, from -€1,631 to €98,434
- Depreciation +€12,005
up €12,005 (+31.9%), from €37,649 to €49,654
- Financial charges -€2,457
down €2,457 (-13.5%), from €18,198 to €15,741
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 | €465,361 | €456,829 | -€8,531 | -1.8% |
| Fixed assets | 21/28 | €268,042 | €237,997 | -€30,045 | -11.2% |
| Tangible fixed assets | 22/27 | €268,042 | €237,997 | -€30,045 | -11.2% |
| Plant, machinery and equipment | 23 | €45,915 | €52,930 | +€7,015 | +15.3% |
| Leasing and similar rights | 25 | €222,127 | €185,067 | -€37,060 | -16.7% |
| Current assets | 29/58 | €197,319 | €218,833 | +€21,514 | +10.9% |
| Stocks and contracts in progress | 3 | €90,000 | €125,000 | +€35,000 | +38.9% |
| Stocks | 30/36 | €90,000 | €125,000 | +€35,000 | +38.9% |
| Amounts receivable within one year | 40/41 | €79,282 | €78,930 | -€352 | -0.4% |
| Trade receivables | 40 | €44,435 | €78,930 | +€34,496 | +77.6% |
| Other amounts receivable | 41 | €34,848 | €0 | -€34,848 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,055 | €5,504 | -€14,551 | -72.6% |
| Deferred charges and accrued income | 490/1 | €7,982 | €9,399 | +€1,417 | +17.7% |
| Total equity and liabilities | 10/49 | €465,361 | €456,829 | -€8,531 | -1.8% |
| Equity | 10/15 | -€96,404 | -€184,331 | -€87,927 | -91.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,404 | -€199,331 | -€87,927 | -78.9% |
| Amounts payable | 17/49 | €561,764 | €641,160 | +€79,396 | +14.1% |
| Amounts payable after more than one year | 17 | €218,321 | €237,043 | +€18,722 | +8.6% |
| Financial debts | 170/4 | €218,321 | €237,043 | +€18,722 | +8.6% |
| Amounts payable within one year | 42/48 | €343,444 | €404,118 | +€60,674 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €29,942 | €31,278 | +€1,337 | +4.5% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €158,711 | €43,758 | -€114,953 | -72.4% |
| Suppliers | 440/4 | €158,711 | €43,758 | -€114,953 | -72.4% |
| Taxes, remuneration and social security | 45 | €2,162 | €29,081 | +€26,919 | +1245.0% |
| Taxes | 450/3 | - | €13,465 | +€13,465 | |
| Remuneration and social security | 454/9 | €2,162 | €15,617 | +€13,454 | +622.2% |
| Other amounts payable | 47/48 | €52,629 | €300,000 | +€247,371 | +470.0% |
| Remuneration, social security and pensions | 62 | €8,359 | €112,454 | +€104,095 | +1245.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,649 | €49,654 | +€12,005 | +31.9% |
| Other operating charges | 640/8 | €8,105 | €8,407 | +€301 | +3.7% |
| Gross operating margin | 9900 | -€1,631 | €98,434 | +€100,066 | |
| Operating profit (loss) | 9901 | -€55,744 | -€72,081 | -€16,336 | -29.3% |
| Financial income | 75/76B | €0 | €60 | +€60 | +597300.0% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +597300.0% |
| Financial charges | 65/66B | €18,198 | €15,741 | -€2,457 | -13.5% |
| Recurring financial charges | 65 | €18,198 | €15,741 | -€2,457 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€73,942 | -€87,762 | -€13,820 | -18.7% |
| Income taxes | 67/77 | - | €165 | +€165 | |
| Profit (loss) for the period | 9904 | -€73,942 | -€87,927 | -€13,985 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,942 | -€87,927 | -€13,985 | -18.9% |
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 7 October 2026 via checked.be.