Cirque Central: 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
Cirque Central
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,064
2024 · €8,993+€10,071
Equity
€409,452
2024 · €390,388+€19,064
Cash
€14,656
2024 · €9,976+€4,681
Balance sheet total
€3.3m
2024 · €3.4m-€73,717
Largest movements
Assets
- Tangible fixed assets -€72,418
down €72,418 (-2.2%), from €3.4m to €3.3m
of which Land and buildings: -€67,079
Equity and liabilities
- Debts after one year -€75,000
down €75,000 (-2.6%), from €2.9m to €2.8m
Income statement
- Financial charges -€7,473
down €7,473 (-100%), from €7,473 to €0
- Write-downs -€2,710
down €2,710, from €0 to -€2,710
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
€8,993
Gross operating margin
+€700
Depreciation
-€639
Write-downs
+€2,710
Other operating charges
-€173
Financial charges
+€7,473
Result 2025
€19,064
raises the resultlowers the result
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
+€107,082
Investment
-€12,401
Financing
-€90,000
Cash 2024
€9,976
From operations (derived)
+€107,082
Net result for the year
+€19,064
Depreciation
+€85,365
Receivables within one year
+€5,112
Deferred charges and accrued income
+€322
Trade debts
-€2,879
Smaller working-capital items
+€99
Investment (derived)
-€12,401
Investment in fixed assets (net)
-€12,401
Financing
-€90,000
Debts after one year
-€75,000
Current portion of long-term debt
-€15,000
Cash 2025
€14,656
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,379,922 | €3,306,205 | -€73,717 | -2.2% |
| Formation expenses | 20 | €819 | €273 | -€546 | -66.7% |
| Fixed assets | 21/28 | €3,357,230 | €3,284,812 | -€72,418 | -2.2% |
| Tangible fixed assets | 22/27 | €3,357,230 | €3,284,812 | -€72,418 | -2.2% |
| Land and buildings | 22 | €3,331,819 | €3,264,740 | -€67,079 | -2.0% |
| Plant, machinery and equipment | 23 | €20,327 | €16,731 | -€3,596 | -17.7% |
| Furniture and vehicles | 24 | €5,084 | €3,341 | -€1,743 | -34.3% |
| Current assets | 29/58 | €21,873 | €21,120 | -€753 | -3.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,922 | €4,811 | -€5,112 | -51.5% |
| Trade receivables | 40 | €7,210 | €4,811 | -€2,399 | -33.3% |
| Other amounts receivable | 41 | €2,713 | €0 | -€2,713 | -100% |
| Cash at bank and in hand | 54/58 | €9,976 | €14,656 | +€4,681 | +46.9% |
| Deferred charges and accrued income | 490/1 | €1,975 | €1,653 | -€322 | -16.3% |
| Total equity and liabilities | 10/49 | €3,379,922 | €3,306,205 | -€73,717 | -2.2% |
| Equity | 10/15 | €390,388 | €409,452 | +€19,064 | +4.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,612 | -€40,548 | +€19,064 | +32.0% |
| Amounts payable | 17/49 | €2,989,534 | €2,896,753 | -€92,781 | -3.1% |
| Amounts payable after more than one year | 17 | €2,895,000 | €2,820,000 | -€75,000 | -2.6% |
| Financial debts | 170/4 | €2,895,000 | €2,820,000 | -€75,000 | -2.6% |
| Amounts payable within one year | 42/48 | €92,979 | €75,166 | -€17,813 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €75,000 | -€15,000 | -16.7% |
| Trade debts | 44 | €2,979 | €100 | -€2,879 | -96.6% |
| Suppliers | 440/4 | €2,979 | €100 | -€2,879 | -96.6% |
| Taxes, remuneration and social security | 45 | - | €66 | +€66 | |
| Taxes | 450/3 | - | €66 | +€66 | |
| Accrued charges and deferred income | 492/3 | €1,554 | €1,587 | +€32 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,726 | €85,365 | +€639 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€2,710 | -€2,710 | |
| Other operating charges | 640/8 | €4,345 | €4,519 | +€173 | +4.0% |
| Gross operating margin | 9900 | €105,538 | €106,238 | +€700 | +0.7% |
| Operating profit (loss) | 9901 | €16,466 | €19,064 | +€2,598 | +15.8% |
| Financial charges | 65/66B | €7,473 | €0 | -€7,473 | -100% |
| Recurring financial charges | 65 | €7,473 | €0 | -€7,473 | -100% |
| Profit (loss) for the period before taxes | 9903 | €8,993 | €19,064 | +€10,071 | +112% |
| Profit (loss) for the period | 9904 | €8,993 | €19,064 | +€10,071 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €8,993 | €19,064 | +€10,071 | +112% |
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 16 October 2026 via checked.be.