CIRRESTO: 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.
CIRRESTO
Largest movements
- Receivables within one year +€62,466
up €62,466 (+126.1%), from €49,542 to €112,008
of which Other amounts receivable: +€34,694
- Tangible fixed assets +€56,529
up €56,529 (+229.5%), from €24,633 to €81,162
of which Furniture and vehicles: +€52,226
- Cash -€39,231
down €39,231 (-38.5%), from €101,820 to €62,589
mainly Investment in fixed assets (net) (-€64,479) and Receivables within one year (-€62,466)
- Deferred charges and accrued income +€5,056
new in 2025: €5,056
- Debts after one year +€38,092
new in 2025: €38,092
- Trade debts +€25,832
up €25,832 (+48.2%), from €53,594 to €79,426
- Reserves +€12,000
up €12,000 (+14.2%), from €84,540 to €96,540
of which Distributable reserves: +€12,000
- Current portion of long-term debt +€11,907
new in 2025: €11,907
- Other debts -€9,928
down €9,928 (-90.3%), from €11,000 to €1,072
- Staff costs +€30,656
up €30,656 (+13.1%), from €233,315 to €263,971
- Taxes -€8,075
down €8,075 (-61.7%), from €13,093 to €5,017
- Gross operating margin -€5,695
down €5,695 (-1.9%), from €298,910 to €293,215
- Financial income -€4,049
down €4,049 (-78.7%), from €5,146 to €1,097
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 | €185,620 | €270,746 | +€85,125 | +45.9% |
| Fixed assets | 21/28 | €24,633 | €81,162 | +€56,529 | +229.5% |
| Tangible fixed assets | 22/27 | €24,633 | €81,162 | +€56,529 | +229.5% |
| Plant, machinery and equipment | 23 | €10,302 | €10,526 | +€224 | +2.2% |
| Furniture and vehicles | 24 | €1,872 | €54,098 | +€52,226 | +2789.7% |
| Other tangible fixed assets | 26 | €12,459 | €16,538 | +€4,079 | +32.7% |
| Current assets | 29/58 | €160,987 | €189,584 | +€28,596 | +17.8% |
| Stocks and contracts in progress | 3 | €9,625 | €9,930 | +€305 | +3.2% |
| Stocks | 30/36 | €9,625 | €9,930 | +€305 | +3.2% |
| Amounts receivable within one year | 40/41 | €49,542 | €112,008 | +€62,466 | +126.1% |
| Trade receivables | 40 | €18,677 | €46,448 | +€27,771 | +148.7% |
| Other amounts receivable | 41 | €30,866 | €65,560 | +€34,694 | +112.4% |
| Cash at bank and in hand | 54/58 | €101,820 | €62,589 | -€39,231 | -38.5% |
| Deferred charges and accrued income | 490/1 | - | €5,056 | +€5,056 | |
| Total equity and liabilities | 10/49 | €185,620 | €270,746 | +€85,125 | +45.9% |
| Equity | 10/15 | €89,517 | €101,857 | +€12,341 | +13.8% |
| Reserves | 13 | €84,540 | €96,540 | +€12,000 | +14.2% |
| Non-distributable reserves | 130/1 | €1,394 | €1,394 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,394 | €1,394 | = | 0.0% |
| Distributable reserves | 133 | €83,145 | €95,145 | +€12,000 | +14.4% |
| Profit (loss) carried forward | 14 | €4,977 | €5,318 | +€341 | +6.8% |
| Amounts payable | 17/49 | €96,104 | €168,888 | +€72,784 | +75.7% |
| Amounts payable after more than one year | 17 | - | €38,092 | +€38,092 | |
| Financial debts | 170/4 | - | €38,092 | +€38,092 | |
| Amounts payable within one year | 42/48 | €96,104 | €130,796 | +€34,693 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,907 | +€11,907 | |
| Trade debts | 44 | €53,594 | €79,426 | +€25,832 | +48.2% |
| Suppliers | 440/4 | €53,594 | €79,426 | +€25,832 | +48.2% |
| Taxes, remuneration and social security | 45 | €31,510 | €38,392 | +€6,882 | +21.8% |
| Taxes | 450/3 | €3,409 | €2,552 | -€858 | -25.2% |
| Remuneration and social security | 454/9 | €28,101 | €35,840 | +€7,740 | +27.5% |
| Other amounts payable | 47/48 | €11,000 | €1,072 | -€9,928 | -90.3% |
| Remuneration, social security and pensions | 62 | €233,315 | €263,971 | +€30,656 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,971 | €7,950 | +€979 | +14.0% |
| Other operating charges | 640/8 | €338 | €380 | +€43 | +12.6% |
| Gross operating margin | 9900 | €298,910 | €293,215 | -€5,695 | -1.9% |
| Operating profit (loss) | 9901 | €58,286 | €20,914 | -€37,372 | -64.1% |
| Financial income | 75/76B | €5,146 | €1,097 | -€4,049 | -78.7% |
| Recurring financial income | 75 | €5,146 | €1,097 | -€4,049 | -78.7% |
| Financial charges | 65/66B | €5,310 | €4,653 | -€657 | -12.4% |
| Recurring financial charges | 65 | €5,310 | €4,653 | -€657 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €58,121 | €17,358 | -€40,763 | -70.1% |
| Income taxes | 67/77 | €13,093 | €5,017 | -€8,075 | -61.7% |
| Profit (loss) for the period | 9904 | €45,029 | €12,341 | -€32,688 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,029 | €12,341 | -€32,688 | -72.6% |
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 12 October 2026 via checked.be.