CIRRIC Properties: 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.
CIRRIC Properties
Largest movements
- Tangible fixed assets +€259,444
new in 2025: €259,444
- Stocks and contracts -€156,409
down €156,409 (-21.0%), from €743,986 to €587,577
- Cash -€103,994
down €103,994 (-94.0%), from €110,618 to €6,624
mainly Investment in fixed assets (net) (-€259,444) and Net result for the year (-€43,043)
- Profit (loss) carried forward -€43,043
down €43,043 (-209%), from -€20,563 to -€63,605
- Trade debts +€21,774
up €21,774 (+1,887%), from €1,154 to €22,927
- Other debts +€17,000
up €17,000 (+12.1%), from €140,540 to €157,540
- Gross operating margin -€13,058
down €13,058 (-67.4%), from -€19,362 to -€32,420
- Financial charges +€8,755
up €8,755 (+1,605%), from €546 to €9,301
- Other operating charges +€690
up €690 (+117%), from €588 to €1,278
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,034,831 | €1,033,151 | -€1,680 | -0.2% |
| Formation expenses | 20 | €156 | €112 | -€45 | -28.6% |
| Fixed assets | 21/28 | - | €259,444 | +€259,444 | |
| Tangible fixed assets | 22/27 | - | €259,444 | +€259,444 | |
| Assets under construction and advance payments | 27 | - | €259,444 | +€259,444 | |
| Current assets | 29/58 | €1,034,674 | €773,595 | -€261,079 | -25.2% |
| Stocks and contracts in progress | 3 | €743,986 | €587,577 | -€156,409 | -21.0% |
| Stocks | 30/36 | €743,986 | €587,577 | -€156,409 | -21.0% |
| Amounts receivable within one year | 40/41 | €180,071 | €179,394 | -€676 | -0.4% |
| Trade receivables | 40 | €178,906 | €178,906 | = | 0.0% |
| Other amounts receivable | 41 | €1,165 | €489 | -€676 | -58.0% |
| Cash at bank and in hand | 54/58 | €110,618 | €6,624 | -€103,994 | -94.0% |
| Total equity and liabilities | 10/49 | €1,034,831 | €1,033,151 | -€1,680 | -0.2% |
| Equity | 10/15 | €437 | -€42,605 | -€43,043 | |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,563 | -€63,605 | -€43,043 | -209% |
| Amounts payable | 17/49 | €1,034,393 | €1,075,756 | +€41,363 | +4.0% |
| Amounts payable within one year | 42/48 | €1,034,393 | €1,075,756 | +€41,363 | +4.0% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €1,154 | €22,927 | +€21,774 | +1,887% |
| Suppliers | 440/4 | €1,154 | €22,927 | +€21,774 | +1,887% |
| Advances received on contracts in progress | 46 | €492,700 | €492,700 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,589 | +€2,589 | |
| Taxes | 450/3 | - | €2,589 | +€2,589 | |
| Other amounts payable | 47/48 | €140,540 | €157,540 | +€17,000 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | €45 | -€23 | -33.6% |
| Other operating charges | 640/8 | €588 | €1,278 | +€690 | +117% |
| Gross operating margin | 9900 | -€19,362 | -€32,420 | -€13,058 | -67.4% |
| Operating profit (loss) | 9901 | -€20,017 | -€33,742 | -€13,725 | -68.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €546 | €9,301 | +€8,755 | +1,605% |
| Recurring financial charges | 65 | €546 | €9,301 | +€8,755 | +1,605% |
| Profit (loss) for the period before taxes | 9903 | -€20,563 | -€43,043 | -€22,480 | -109% |
| Profit (loss) for the period | 9904 | -€20,563 | -€43,043 | -€22,480 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,563 | -€43,043 | -€22,480 | -109% |
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.