Le Cirq: 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.
Le Cirq
Largest movements
- Receivables within one year -€28,368
down €28,368 (-20.1%), from €141,315 to €112,946
of which Other amounts receivable: -€24,175
- Tangible fixed assets -€10,979
down €10,979 (-27.5%), from €39,879 to €28,900
of which Plant, machinery and equipment: -€7,792
- Cash -€5,761
down €5,761 (-21.8%), from €26,381 to €20,621
mainly Debts after one year (-€30,391) and Accrued charges and deferred income (-€10,000)
- Debts after one year -€30,391
down €30,391 (-44.9%), from €67,619 to €37,228
- Accrued charges and deferred income -€10,000
down €10,000 (-12.5%), from €80,001 to €70,001
- Trade debts -€4,536
down €4,536 (-22.6%), from €20,048 to €15,512
- Other debts -€4,478
down €4,478 (-66.7%), from €6,712 to €2,234
- Profit (loss) carried forward +€3,805
up €3,805 (+16.9%), from -€22,511 to -€18,705
- Gross operating margin +€34,463
up €34,463 (+170%), from €20,310 to €54,773
- Taxes -€19,739
down €19,739 (-100%), from €19,739 to €0
- Staff costs -€12,273
down €12,273 (-26.0%), from €47,232 to €34,959
- Other operating charges -€5,755
down €5,755 (-91.2%), from €6,312 to €557
- Depreciation +€2,737
up €2,737 (+33.2%), from €8,242 to €10,979
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 | €207,675 | €162,884 | -€44,791 | -21.6% |
| Fixed assets | 21/28 | €39,979 | €29,000 | -€10,979 | -27.5% |
| Tangible fixed assets | 22/27 | €39,879 | €28,900 | -€10,979 | -27.5% |
| Land and buildings | 22 | €11,665 | €9,316 | -€2,349 | -20.1% |
| Plant, machinery and equipment | 23 | €27,375 | €19,584 | -€7,792 | -28.5% |
| Furniture and vehicles | 24 | €838 | €0 | -€838 | -100% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €167,696 | €133,884 | -€33,812 | -20.2% |
| Amounts receivable within one year | 40/41 | €141,315 | €112,946 | -€28,368 | -20.1% |
| Trade receivables | 40 | €30,177 | €25,984 | -€4,193 | -13.9% |
| Other amounts receivable | 41 | €111,138 | €86,962 | -€24,175 | -21.8% |
| Cash at bank and in hand | 54/58 | €26,381 | €20,621 | -€5,761 | -21.8% |
| Deferred charges and accrued income | 490/1 | €0 | €317 | +€317 | |
| Total equity and liabilities | 10/49 | €207,675 | €162,884 | -€44,791 | -21.6% |
| Equity | 10/15 | -€2,051 | €1,755 | +€3,805 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,511 | -€18,705 | +€3,805 | +16.9% |
| Amounts payable | 17/49 | €209,726 | €161,129 | -€48,597 | -23.2% |
| Amounts payable after more than one year | 17 | €67,619 | €37,228 | -€30,391 | -44.9% |
| Financial debts | 170/4 | €67,619 | €37,228 | -€30,391 | -44.9% |
| Amounts payable within one year | 42/48 | €62,105 | €53,900 | -€8,205 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €30,214 | €30,391 | +€177 | +0.6% |
| Trade debts | 44 | €20,048 | €15,512 | -€4,536 | -22.6% |
| Suppliers | 440/4 | €20,048 | €15,512 | -€4,536 | -22.6% |
| Taxes, remuneration and social security | 45 | €5,131 | €5,763 | +€632 | +12.3% |
| Taxes | 450/3 | €4,243 | €1,757 | -€2,486 | -58.6% |
| Remuneration and social security | 454/9 | €888 | €4,006 | +€3,118 | +351% |
| Other amounts payable | 47/48 | €6,712 | €2,234 | -€4,478 | -66.7% |
| Accrued charges and deferred income | 492/3 | €80,001 | €70,001 | -€10,000 | -12.5% |
| Remuneration, social security and pensions | 62 | €47,232 | €34,959 | -€12,273 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,242 | €10,979 | +€2,737 | +33.2% |
| Other operating charges | 640/8 | €6,312 | €557 | -€5,755 | -91.2% |
| Gross operating margin | 9900 | €20,310 | €54,773 | +€34,463 | +170% |
| Operating profit (loss) | 9901 | -€41,476 | €8,278 | +€49,754 | |
| Financial income | 75/76B | €234 | €157 | -€77 | -33.0% |
| Recurring financial income | 75 | €234 | €157 | -€77 | -33.0% |
| Financial charges | 65/66B | €2,443 | €4,629 | +€2,186 | +89.5% |
| Recurring financial charges | 65 | €2,443 | €4,629 | +€2,186 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,685 | €3,805 | +€47,491 | |
| Income taxes | 67/77 | €19,739 | €0 | -€19,739 | -100% |
| Profit (loss) for the period | 9904 | -€63,425 | €3,805 | +€67,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,425 | €3,805 | +€67,230 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.