SIRA: 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.
SIRA
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-90.1%), from €1.4m to €135,650
- Cash +€148,111
up €148,111 (+7435.5%), from €1,992 to €150,103
mainly Stocks and contracts (+€1.2m) and Net result for the year (+€186,892)
- Receivables after one year +€38,630
new in 2025: €38,630
- Receivables within one year +€37,907
up €37,907 (+107.0%), from €35,435 to €73,342
of which Other amounts receivable: +€73,342
- Debts after one year -€1.3m
down €1.3m (-99.3%), from €1.3m to €8,844
- Current portion of long-term debt +€149,534
up €149,534 (+490.8%), from €30,466 to €180,000
- Profit (loss) carried forward +€73,892
up €73,892, from -€72,912 to €980
- Trade debts +€66,068
up €66,068 (+142.3%), from €46,426 to €112,494
- Tax, wage and social debts +€59,434
up €59,434 (+394.1%), from €15,082 to €74,516
- Gross operating margin +€220,374
up €220,374, from -€20,602 to €199,772
- Financial charges -€37,201
down €37,201 (-81.6%), from €45,592 to €8,391
- Depreciation -€3,331
down €3,331 (-97.4%), from €3,421 to €89
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 | €1,406,728 | €398,013 | -€1.0m | -71.7% |
| Fixed assets | 21/28 | €378 | €288 | -€89 | -23.6% |
| Tangible fixed assets | 22/27 | €378 | €288 | -€89 | -23.6% |
| Plant, machinery and equipment | 23 | €378 | €288 | -€89 | -23.6% |
| Current assets | 29/58 | €1,406,350 | €397,725 | -€1.0m | -71.7% |
| Amounts receivable after more than one year | 29 | - | €38,630 | +€38,630 | |
| Other amounts receivable | 291 | - | €38,630 | +€38,630 | |
| Stocks and contracts in progress | 3 | €1,368,924 | €135,650 | -€1.2m | -90.1% |
| Stocks | 30/36 | €1,368,924 | €135,650 | -€1.2m | -90.1% |
| Amounts receivable within one year | 40/41 | €35,435 | €73,342 | +€37,907 | +107.0% |
| Trade receivables | 40 | €35,435 | €0 | -€35,435 | -100.0% |
| Other amounts receivable | 41 | - | €73,342 | +€73,342 | |
| Cash at bank and in hand | 54/58 | €1,992 | €150,103 | +€148,111 | +7435.5% |
| Total equity and liabilities | 10/49 | €1,406,728 | €398,013 | -€1.0m | -71.7% |
| Equity | 10/15 | -€62,912 | €13,980 | +€76,892 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€72,912 | €980 | +€73,892 | |
| Amounts payable | 17/49 | €1,469,640 | €384,033 | -€1.1m | -73.9% |
| Amounts payable after more than one year | 17 | €1,332,589 | €8,844 | -€1.3m | -99.3% |
| Financial debts | 170/4 | €1,332,589 | €8,844 | -€1.3m | -99.3% |
| Amounts payable within one year | 42/48 | €91,974 | €367,010 | +€275,036 | +299.0% |
| Current portion of amounts payable after more than one year | 42 | €30,466 | €180,000 | +€149,534 | +490.8% |
| Trade debts | 44 | €46,426 | €112,494 | +€66,068 | +142.3% |
| Suppliers | 440/4 | €46,426 | €112,494 | +€66,068 | +142.3% |
| Taxes, remuneration and social security | 45 | €15,082 | €74,516 | +€59,434 | +394.1% |
| Taxes | 450/3 | €15,082 | €74,516 | +€59,434 | +394.1% |
| Accrued charges and deferred income | 492/3 | €45,078 | €8,180 | -€36,898 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €89 | -€3,331 | -97.4% |
| Other operating charges | 640/8 | €3,526 | €3,055 | -€471 | -13.4% |
| Gross operating margin | 9900 | -€20,602 | €199,772 | +€220,374 | |
| Operating profit (loss) | 9901 | -€27,549 | €196,627 | +€224,176 | |
| Financial income | 75/76B | €229 | €3 | -€226 | -98.8% |
| Recurring financial income | 75 | €229 | €3 | -€226 | -98.8% |
| Financial charges | 65/66B | €45,592 | €8,391 | -€37,201 | -81.6% |
| Recurring financial charges | 65 | €45,592 | €8,391 | -€37,201 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | -€72,912 | €188,239 | +€261,151 | |
| Income taxes | 67/77 | - | €1,347 | +€1,347 | |
| Profit (loss) for the period | 9904 | -€72,912 | €186,892 | +€259,804 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,912 | €186,892 | +€259,804 |
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 3 October 2026 via checked.be.