Dr. Halil Sirimsi: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Dr. Halil Sirimsi
Largest movements
- Cash -€196,532
down €196,532 (-40.8%), from €482,149 to €285,617
mainly Contributions, distributions and other (-€400,000) and Tax, wage and social debts (-€35,232)
- Tangible fixed assets -€14,617
down €14,617 (-7.1%), from €206,365 to €191,747
of which Land and buildings: -€15,604
- Receivables within one year +€8,657
up €8,657 (+2,198%), from €394 to €9,051
- Deferred charges and accrued income -€8,178
down €8,178 (-9.2%), from €89,136 to €80,958
- Profit (loss) carried forward -€153,693
down €153,693 (-33.7%), from €456,059 to €302,365
- Tax, wage and social debts -€35,232
down €35,232 (-68.9%), from €51,104 to €15,872
- Debts after one year -€16,887
down €16,887 (-7.4%), from €228,677 to €211,791
- Gross operating margin -€19,756
down €19,756 (-5.4%), from €366,402 to €346,647
- Taxes -€6,543
down €6,543 (-7.8%), from €83,887 to €77,345
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 | €778,044 | €567,375 | -€210,670 | -27.1% |
| Fixed assets | 21/28 | €206,365 | €191,747 | -€14,617 | -7.1% |
| Tangible fixed assets | 22/27 | €206,365 | €191,747 | -€14,617 | -7.1% |
| Land and buildings | 22 | €205,451 | €189,847 | -€15,604 | -7.6% |
| Plant, machinery and equipment | 23 | - | €1,460 | +€1,460 | |
| Furniture and vehicles | 24 | €914 | €441 | -€473 | -51.8% |
| Current assets | 29/58 | €571,679 | €375,627 | -€196,052 | -34.3% |
| Amounts receivable within one year | 40/41 | €394 | €9,051 | +€8,657 | +2,198% |
| Other amounts receivable | 41 | €394 | €9,051 | +€8,657 | +2,198% |
| Cash at bank and in hand | 54/58 | €482,149 | €285,617 | -€196,532 | -40.8% |
| Deferred charges and accrued income | 490/1 | €89,136 | €80,958 | -€8,178 | -9.2% |
| Total equity and liabilities | 10/49 | €778,044 | €567,375 | -€210,670 | -27.1% |
| Equity | 10/15 | €476,519 | €322,825 | -€153,693 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €456,059 | €302,365 | -€153,693 | -33.7% |
| Amounts payable | 17/49 | €301,526 | €244,549 | -€56,977 | -18.9% |
| Amounts payable after more than one year | 17 | €228,677 | €211,791 | -€16,887 | -7.4% |
| Financial debts | 170/4 | €228,677 | €211,791 | -€16,887 | -7.4% |
| Amounts payable within one year | 42/48 | €72,848 | €32,758 | -€40,090 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €21,744 | €16,887 | -€4,858 | -22.3% |
| Taxes, remuneration and social security | 45 | €51,104 | €15,872 | -€35,232 | -68.9% |
| Taxes | 450/3 | €51,104 | €15,872 | -€35,232 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,574 | €16,286 | -€288 | -1.7% |
| Other operating charges | 640/8 | €2,863 | €2,347 | -€516 | -18.0% |
| Gross operating margin | 9900 | €366,402 | €346,647 | -€19,756 | -5.4% |
| Operating profit (loss) | 9901 | €346,965 | €328,013 | -€18,952 | -5.5% |
| Financial income | 75/76B | €80 | €222 | +€142 | +177% |
| Recurring financial income | 75 | €80 | €222 | +€142 | +177% |
| Financial charges | 65/66B | €4,973 | €4,584 | -€389 | -7.8% |
| Recurring financial charges | 65 | €4,973 | €4,584 | -€389 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €342,073 | €323,651 | -€18,421 | -5.4% |
| Income taxes | 67/77 | €83,887 | €77,345 | -€6,543 | -7.8% |
| Profit (loss) for the period | 9904 | €258,186 | €246,307 | -€11,879 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €258,186 | €246,307 | -€11,879 | -4.6% |
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 1 November 2026 via checked.be.