DE CIRREK: 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.
DE CIRREK
Largest movements
- Tangible fixed assets -€33,489
down €33,489 (-7.1%), from €471,316 to €437,827
of which Land and buildings: -€29,989
- Cash +€24,757
up €24,757 (+20.2%), from €122,743 to €147,500
mainly Depreciation (+€33,489) and Tax, wage and social debts (+€20,741)
- Receivables within one year +€6,773
up €6,773 (+1453.4%), from €466 to €7,239
of which Other amounts receivable: +€7,239
- Debts after one year -€38,527
down €38,527 (-17.4%), from €220,856 to €182,329
- Tax, wage and social debts +€20,741
up €20,741 (+38.7%), from €53,540 to €74,280
of which Remuneration and social security: +€13,291
- Other debts +€11,320
up €11,320 (+46.0%), from €24,608 to €35,927
- Gross operating margin -€79,254
down €79,254 (-28.5%), from €278,078 to €198,823
- Taxes -€20,206
down €20,206 (-67.4%), from €29,977 to €9,771
- Staff costs -€5,495
down €5,495 (-4.0%), from €136,769 to €131,274
- Other operating charges -€3,448
down €3,448 (-52.9%), from €6,520 to €3,072
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 | €603,511 | €600,510 | -€3,001 | -0.5% |
| Fixed assets | 21/28 | €471,316 | €437,827 | -€33,489 | -7.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €471,316 | €437,827 | -€33,489 | -7.1% |
| Land and buildings | 22 | €461,927 | €431,938 | -€29,989 | -6.5% |
| Plant, machinery and equipment | 23 | €5,586 | €3,193 | -€2,393 | -42.8% |
| Furniture and vehicles | 24 | €3,804 | €2,697 | -€1,107 | -29.1% |
| Current assets | 29/58 | €132,195 | €162,683 | +€30,488 | +23.1% |
| Stocks and contracts in progress | 3 | €8,485 | €7,444 | -€1,041 | -12.3% |
| Stocks | 30/36 | €8,485 | €7,444 | -€1,041 | -12.3% |
| Amounts receivable within one year | 40/41 | €466 | €7,239 | +€6,773 | +1453.4% |
| Trade receivables | 40 | €466 | - | -€466 | |
| Other amounts receivable | 41 | - | €7,239 | +€7,239 | |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,743 | €147,500 | +€24,757 | +20.2% |
| Total equity and liabilities | 10/49 | €603,511 | €600,510 | -€3,001 | -0.5% |
| Equity | 10/15 | €261,875 | €263,043 | +€1,168 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €164,687 | €165,855 | +€1,168 | +0.7% |
| Non-distributable reserves | 130/1 | €2,520 | €2,520 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,520 | €2,520 | = | 0.0% |
| Distributable reserves | 133 | €162,167 | €163,335 | +€1,168 | +0.7% |
| Profit (loss) carried forward | 14 | €72,188 | €72,188 | = | 0.0% |
| Amounts payable | 17/49 | €341,636 | €337,467 | -€4,169 | -1.2% |
| Amounts payable after more than one year | 17 | €220,856 | €182,329 | -€38,527 | -17.4% |
| Financial debts | 170/4 | €220,856 | €182,329 | -€38,527 | -17.4% |
| Amounts payable within one year | 42/48 | €120,780 | €155,138 | +€34,359 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €37,849 | €38,527 | +€679 | +1.8% |
| Trade debts | 44 | €4,784 | €6,403 | +€1,619 | +33.9% |
| Suppliers | 440/4 | €4,784 | €6,403 | +€1,619 | +33.9% |
| Taxes, remuneration and social security | 45 | €53,540 | €74,280 | +€20,741 | +38.7% |
| Taxes | 450/3 | €25,894 | €33,344 | +€7,450 | +28.8% |
| Remuneration and social security | 454/9 | €27,645 | €40,937 | +€13,291 | +48.1% |
| Other amounts payable | 47/48 | €24,608 | €35,927 | +€11,320 | +46.0% |
| Remuneration, social security and pensions | 62 | €136,769 | €131,274 | -€5,495 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,489 | €33,489 | = | 0.0% |
| Other operating charges | 640/8 | €6,520 | €3,072 | -€3,448 | -52.9% |
| Gross operating margin | 9900 | €278,078 | €198,823 | -€79,254 | -28.5% |
| Operating profit (loss) | 9901 | €101,300 | €30,988 | -€70,312 | -69.4% |
| Financial income | 75/76B | €5,413 | €4,761 | -€652 | -12.0% |
| Recurring financial income | 75 | €5,413 | €4,761 | -€652 | -12.0% |
| Financial charges | 65/66B | €5,610 | €5,911 | +€300 | +5.4% |
| Recurring financial charges | 65 | €5,610 | €5,911 | +€300 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €101,103 | €29,839 | -€71,264 | -70.5% |
| Income taxes | 67/77 | €29,977 | €9,771 | -€20,206 | -67.4% |
| Profit (loss) for the period | 9904 | €71,126 | €20,068 | -€51,058 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,126 | €20,068 | -€51,058 | -71.8% |
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 8 October 2026 via checked.be.