Sirat: 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.
Sirat
Largest movements
- Stocks and contracts +€19,036
up €19,036 (+35.1%), from €54,211 to €73,248
- Tangible fixed assets -€13,070
down €13,070 (-12.4%), from €105,477 to €92,407
of which Furniture and vehicles: -€19,786
- Cash -€12,379
down €12,379 (-46.7%), from €26,515 to €14,137
mainly Contributions, distributions and other (-€29,192) and Debts after one year (-€19,689)
- Intangible fixed assets +€4,789
new in 2025: €4,789
- Receivables within one year -€3,631
down €3,631 (-18.3%), from €19,789 to €16,158
of which Other amounts receivable: -€3,991
- Debts after one year -€19,689
down €19,689 (-28.8%), from €68,444 to €48,754
- Trade debts +€13,794
up €13,794 (+211%), from €6,525 to €20,319
- Reserves -€12,725
down €12,725 (-22.9%), from €55,507 to €42,782
- Tax, wage and social debts +€8,773
up €8,773 (+58.1%), from €15,092 to €23,865
of which Taxes: +€10,973
- Staff costs -€13,110
down €13,110 (-99.9%), from €13,124 to €14
- Gross operating margin +€9,965
up €9,965 (+18.7%), from €53,273 to €63,238
- Depreciation +€8,983
up €8,983 (+77.8%), from €11,539 to €20,522
- Other operating charges +€4,661
up €4,661 (+153%), from €3,051 to €7,712
- Taxes +€4,320
up €4,320 (+66.6%), from €6,488 to €10,807
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 | €212,440 | €203,912 | -€8,528 | -4.0% |
| Fixed assets | 21/28 | €106,877 | €98,596 | -€8,281 | -7.7% |
| Intangible fixed assets | 21 | - | €4,789 | +€4,789 | |
| Tangible fixed assets | 22/27 | €105,477 | €92,407 | -€13,070 | -12.4% |
| Land and buildings | 22 | - | €1,222 | +€1,222 | |
| Plant, machinery and equipment | 23 | €1,345 | €6,839 | +€5,494 | +408% |
| Furniture and vehicles | 24 | €104,132 | €84,346 | -€19,786 | -19.0% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €105,564 | €105,316 | -€247 | -0.2% |
| Stocks and contracts in progress | 3 | €54,211 | €73,248 | +€19,036 | +35.1% |
| Stocks | 30/36 | €54,211 | €73,248 | +€19,036 | +35.1% |
| Amounts receivable within one year | 40/41 | €19,789 | €16,158 | -€3,631 | -18.3% |
| Trade receivables | 40 | €289 | €649 | +€360 | +125% |
| Other amounts receivable | 41 | €19,500 | €15,509 | -€3,991 | -20.5% |
| Cash at bank and in hand | 54/58 | €26,515 | €14,137 | -€12,379 | -46.7% |
| Deferred charges and accrued income | 490/1 | €5,048 | €1,774 | -€3,274 | -64.9% |
| Total equity and liabilities | 10/49 | €212,440 | €203,912 | -€8,528 | -4.0% |
| Equity | 10/15 | €106,323 | €93,598 | -€12,725 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,507 | €42,782 | -€12,725 | -22.9% |
| Distributable reserves | 133 | €55,507 | €42,782 | -€12,725 | -22.9% |
| Profit (loss) carried forward | 14 | €32,216 | €32,216 | = | 0.0% |
| Amounts payable | 17/49 | €106,117 | €110,314 | +€4,197 | +4.0% |
| Amounts payable after more than one year | 17 | €68,444 | €48,754 | -€19,689 | -28.8% |
| Financial debts | 170/4 | €68,444 | €48,754 | -€19,689 | -28.8% |
| Amounts payable within one year | 42/48 | €34,619 | €57,710 | +€23,091 | +66.7% |
| Current portion of amounts payable after more than one year | 42 | €13,002 | €13,526 | +€524 | +4.0% |
| Trade debts | 44 | €6,525 | €20,319 | +€13,794 | +211% |
| Suppliers | 440/4 | €6,525 | €20,319 | +€13,794 | +211% |
| Taxes, remuneration and social security | 45 | €15,092 | €23,865 | +€8,773 | +58.1% |
| Taxes | 450/3 | €10,692 | €21,665 | +€10,973 | +103% |
| Remuneration and social security | 454/9 | €4,400 | €2,200 | -€2,200 | -50.0% |
| Accrued charges and deferred income | 492/3 | €3,054 | €3,850 | +€796 | +26.1% |
| Non-recurring operating income | 76A | €4,439 | €1,795 | -€2,644 | -59.6% |
| Remuneration, social security and pensions | 62 | €13,124 | €14 | -€13,110 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,539 | €20,522 | +€8,983 | +77.8% |
| Other operating charges | 640/8 | €3,051 | €7,712 | +€4,661 | +153% |
| Gross operating margin | 9900 | €53,273 | €63,238 | +€9,965 | +18.7% |
| Operating profit (loss) | 9901 | €25,559 | €34,989 | +€9,431 | +36.9% |
| Financial income | 75/76B | €1,053 | €487 | -€566 | -53.8% |
| Recurring financial income | 75 | €1,053 | €487 | -€566 | -53.8% |
| Financial charges | 65/66B | €5,148 | €8,202 | +€3,053 | +59.3% |
| Recurring financial charges | 65 | €5,148 | €8,202 | +€3,053 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €21,464 | €27,274 | +€5,811 | +27.1% |
| Income taxes | 67/77 | €6,488 | €10,807 | +€4,320 | +66.6% |
| Profit (loss) for the period | 9904 | €14,976 | €16,467 | +€1,491 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,976 | €16,467 | +€1,491 | +10.0% |
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 26 October 2026 via checked.be.