De Cirque RSL: what changed
De Cirque RSL
Largest movements
- Cash -€10,338
down €10,338 (-31.7%), from €32,642 to €22,304
mainly Contributions, distributions and other (-€40,000) and Investment in fixed assets (net) (-€10,399)
- Financial fixed assets +€8,976
up €8,976 (+414%), from €2,169 to €11,144
- Tangible fixed assets -€8,884
down €8,884 (-26.2%), from €33,973 to €25,089
of which Furniture and vehicles: -€5,561
- Intangible fixed assets -€7,760
down €7,760 (-44.4%), from €17,460 to €9,700
- Receivables within one year -€4,635
down €4,635 (-56.2%), from €8,241 to €3,606
of which Other amounts receivable: -€2,404
- Reserves -€33,833
down €33,833 (-63.4%), from €53,349 to €19,516
- Other debts +€24,386
up €24,386 (+1,232%), from €1,979 to €26,365
- Trade debts -€9,900
down €9,900 (-64.1%), from €15,433 to €5,533
- Current portion of long-term debt -€7,193
down €7,193 (-100%), from €7,193 to €0
- Tax, wage and social debts +€5,528
up €5,528 (+68.1%), from €8,117 to €13,645
of which Taxes: +€5,528
- Gross operating margin -€28,326
down €28,326 (-45.5%), from €62,203 to €33,877
- Staff costs -€23,668
down €23,668 (-89.5%), from €26,441 to €2,773
- Taxes -€793
down €793 (-24.7%), from €3,208 to €2,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,338 | €83,659 | -€24,679 | -22.8% |
| Fixed assets | 21/28 | €53,602 | €45,933 | -€7,669 | -14.3% |
| Intangible fixed assets | 21 | €17,460 | €9,700 | -€7,760 | -44.4% |
| Tangible fixed assets | 22/27 | €33,973 | €25,089 | -€8,884 | -26.2% |
| Plant, machinery and equipment | 23 | €23,095 | €19,772 | -€3,323 | -14.4% |
| Furniture and vehicles | 24 | €10,879 | €5,317 | -€5,561 | -51.1% |
| Financial fixed assets | 28 | €2,169 | €11,144 | +€8,976 | +414% |
| Current assets | 29/58 | €54,736 | €37,725 | -€17,010 | -31.1% |
| Stocks and contracts in progress | 3 | €13,542 | €10,271 | -€3,271 | -24.2% |
| Stocks | 30/36 | €13,542 | €10,271 | -€3,271 | -24.2% |
| Amounts receivable within one year | 40/41 | €8,241 | €3,606 | -€4,635 | -56.2% |
| Trade receivables | 40 | €3,439 | €1,209 | -€2,230 | -64.9% |
| Other amounts receivable | 41 | €4,802 | €2,398 | -€2,404 | -50.1% |
| Cash at bank and in hand | 54/58 | €32,642 | €22,304 | -€10,338 | -31.7% |
| Deferred charges and accrued income | 490/1 | €311 | €1,544 | +€1,233 | +397% |
| Total equity and liabilities | 10/49 | €108,338 | €83,659 | -€24,679 | -22.8% |
| Equity | 10/15 | €71,949 | €38,116 | -€33,833 | -47.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,349 | €19,516 | -€33,833 | -63.4% |
| Distributable reserves | 133 | €53,349 | €19,516 | -€33,833 | -63.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,390 | €45,543 | +€9,154 | +25.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,390 | €45,543 | +€9,154 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €7,193 | €0 | -€7,193 | -100% |
| Trade debts | 44 | €15,433 | €5,533 | -€9,900 | -64.1% |
| Suppliers | 440/4 | €15,433 | €5,533 | -€9,900 | -64.1% |
| Advances received on contracts in progress | 46 | €3,667 | €0 | -€3,667 | -100% |
| Taxes, remuneration and social security | 45 | €8,117 | €13,645 | +€5,528 | +68.1% |
| Taxes | 450/3 | €8,117 | €13,645 | +€5,528 | +68.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,979 | €26,365 | +€24,386 | +1,232% |
| Remuneration, social security and pensions | 62 | €26,441 | €2,773 | -€23,668 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,896 | €18,067 | +€172 | +1.0% |
| Other operating charges | 640/8 | €4,238 | €4,106 | -€132 | -3.1% |
| Gross operating margin | 9900 | €62,203 | €33,877 | -€28,326 | -45.5% |
| Operating profit (loss) | 9901 | €13,628 | €8,931 | -€4,698 | -34.5% |
| Financial income | 75/76B | €3 | €1 | -€3 | -76.7% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -76.7% |
| Financial charges | 65/66B | €434 | €350 | -€84 | -19.5% |
| Recurring financial charges | 65 | €434 | €350 | -€84 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €13,198 | €8,582 | -€4,616 | -35.0% |
| Income taxes | 67/77 | €3,208 | €2,415 | -€793 | -24.7% |
| Profit (loss) for the period | 9904 | €9,990 | €6,167 | -€3,823 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,990 | €6,167 | -€3,823 | -38.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.