SIRAJ INTERNATIONAL: 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.
SIRAJ INTERNATIONAL
Largest movements
- Tangible fixed assets +€107,782
up €107,782 (+66.2%), from €162,806 to €270,588
- Cash +€27,820
up €27,820 (+157%), from €17,669 to €45,489
mainly Other debts (+€103,074) and Net result for the year (+€42,460)
- Receivables within one year -€3,651
down €3,651 (-15.4%), from €23,668 to €20,017
of which Trade receivables: -€3,789
- Other debts +€103,074
up €103,074 (+187%), from €55,227 to €158,301
- Reserves +€36,577
new in 2025: €36,577
- Debts after one year -€24,992
down €24,992 (-24.5%), from €101,990 to €76,998
- Tax, wage and social debts +€15,131
up €15,131 (+507%), from €2,985 to €18,116
- Profit (loss) carried forward +€5,884
up €5,884, from -€5,884 to €0
- Gross operating margin +€50,724
up €50,724 (+74.5%), from €68,066 to €118,790
- Write-downs +€32,523
new in 2025: €32,523
- Taxes +€13,320
new in 2025: €13,320
- Financial charges -€1,838
down €1,838 (-22.6%), from €8,129 to €6,291
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 | €204,144 | €336,094 | +€131,951 | +64.6% |
| Fixed assets | 21/28 | €162,806 | €270,588 | +€107,782 | +66.2% |
| Tangible fixed assets | 22/27 | €162,806 | €270,588 | +€107,782 | +66.2% |
| Land and buildings | 22 | €162,806 | €270,588 | +€107,782 | +66.2% |
| Current assets | 29/58 | €41,337 | €65,506 | +€24,169 | +58.5% |
| Amounts receivable within one year | 40/41 | €23,668 | €20,017 | -€3,651 | -15.4% |
| Trade receivables | 40 | €23,323 | €19,535 | -€3,789 | -16.2% |
| Other amounts receivable | 41 | €345 | €482 | +€137 | +39.8% |
| Cash at bank and in hand | 54/58 | €17,669 | €45,489 | +€27,820 | +157% |
| Total equity and liabilities | 10/49 | €204,144 | €336,094 | +€131,951 | +64.6% |
| Equity | 10/15 | €10,116 | €52,577 | +€42,460 | +420% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | - | €36,577 | +€36,577 | |
| Distributable reserves | 133 | - | €36,577 | +€36,577 | |
| Profit (loss) carried forward | 14 | -€5,884 | €0 | +€5,884 | |
| Amounts payable | 17/49 | €194,027 | €283,518 | +€89,490 | +46.1% |
| Amounts payable after more than one year | 17 | €101,990 | €76,998 | -€24,992 | -24.5% |
| Financial debts | 170/4 | €101,990 | €76,998 | -€24,992 | -24.5% |
| Amounts payable within one year | 42/48 | €88,328 | €203,774 | +€115,446 | +131% |
| Current portion of amounts payable after more than one year | 42 | €25,974 | €24,992 | -€982 | -3.8% |
| Trade debts | 44 | €4,142 | €2,366 | -€1,777 | -42.9% |
| Suppliers | 440/4 | €4,142 | €2,366 | -€1,777 | -42.9% |
| Taxes, remuneration and social security | 45 | €2,985 | €18,116 | +€15,131 | +507% |
| Taxes | 450/3 | €2,985 | €18,116 | +€15,131 | +507% |
| Other amounts payable | 47/48 | €55,227 | €158,301 | +€103,074 | +187% |
| Accrued charges and deferred income | 492/3 | €3,709 | €2,745 | -€963 | -26.0% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,561 | €17,568 | +€1,007 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,523 | +€32,523 | |
| Other operating charges | 640/8 | €2,997 | €3,178 | +€181 | +6.0% |
| Non-recurring operating charges | 66A | - | €3,450 | +€3,450 | |
| Gross operating margin | 9900 | €68,066 | €118,790 | +€50,724 | +74.5% |
| Operating profit (loss) | 9901 | €48,508 | €62,071 | +€13,563 | +28.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,129 | €6,291 | -€1,838 | -22.6% |
| Recurring financial charges | 65 | €8,129 | €6,291 | -€1,838 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €40,379 | €55,780 | +€15,401 | +38.1% |
| Income taxes | 67/77 | - | €13,320 | +€13,320 | |
| Profit (loss) for the period | 9904 | €40,379 | €42,460 | +€2,081 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,379 | €42,460 | +€2,081 | +5.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.