SIRAUX GREGORY: 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.
SIRAUX GREGORY
Largest movements
- Tangible fixed assets +€44,195
up €44,195 (+53.7%), from €82,225 to €126,420
of which Plant, machinery and equipment: +€43,197
- Receivables within one year +€22,584
up €22,584 (+54.5%), from €41,458 to €64,042
of which Other amounts receivable: +€14,603
- Cash +€19,740
up €19,740 (+177%), from €11,129 to €30,869
mainly Debts after one year (+€31,077) and Depreciation (+€19,064)
- Debts after one year +€31,077
new in 2025: €31,077
- Reserves +€17,000
up €17,000 (+164%), from €10,360 to €27,360
of which Distributable reserves: +€17,000
- Tax, wage and social debts +€16,971
up €16,971 (+2,943%), from €577 to €17,548
of which Taxes: +€8,971
- Current portion of long-term debt +€16,259
up €16,259, from €0 to €16,259
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Gross operating margin +€27,008
up €27,008 (+147%), from €18,401 to €45,409
- Taxes +€5,468
up €5,468 (+6,812%), from €80 to €5,548
- Other operating charges +€3,034
up €3,034 (+285%), from €1,065 to €4,098
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 | €138,210 | €224,284 | +€86,074 | +62.3% |
| Fixed assets | 21/28 | €82,375 | €126,570 | +€44,195 | +53.7% |
| Tangible fixed assets | 22/27 | €82,225 | €126,420 | +€44,195 | +53.7% |
| Plant, machinery and equipment | 23 | €82,225 | €125,422 | +€43,197 | +52.5% |
| Furniture and vehicles | 24 | €0 | €997 | +€997 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €55,835 | €97,714 | +€41,879 | +75.0% |
| Amounts receivable within one year | 40/41 | €41,458 | €64,042 | +€22,584 | +54.5% |
| Trade receivables | 40 | €31,224 | €39,205 | +€7,981 | +25.6% |
| Other amounts receivable | 41 | €10,234 | €24,837 | +€14,603 | +143% |
| Cash at bank and in hand | 54/58 | €11,129 | €30,869 | +€19,740 | +177% |
| Deferred charges and accrued income | 490/1 | €3,248 | €2,803 | -€445 | -13.7% |
| Total equity and liabilities | 10/49 | €138,210 | €224,284 | +€86,074 | +62.3% |
| Equity | 10/15 | €112,803 | €113,914 | +€1,111 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,360 | €27,360 | +€17,000 | +164% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €25,500 | +€17,000 | +200% |
| Profit (loss) carried forward | 14 | €79,244 | €64,276 | -€14,968 | -18.9% |
| Investment grants | 15 | €4,598 | €3,678 | -€921 | -20.0% |
| Amounts payable | 17/49 | €25,407 | €110,369 | +€84,962 | +334% |
| Amounts payable after more than one year | 17 | - | €31,077 | +€31,077 | |
| Financial debts | 170/4 | - | €31,077 | +€31,077 | |
| Amounts payable within one year | 42/48 | €25,407 | €79,292 | +€53,885 | +212% |
| Current portion of amounts payable after more than one year | 42 | €0 | €16,259 | +€16,259 | |
| Trade debts | 44 | €24,831 | €27,985 | +€3,155 | +12.7% |
| Suppliers | 440/4 | €24,831 | €27,985 | +€3,155 | +12.7% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €577 | €17,548 | +€16,971 | +2,943% |
| Taxes | 450/3 | €577 | €9,548 | +€8,971 | +1,556% |
| Remuneration and social security | 454/9 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,625 | €19,064 | +€440 | +2.4% |
| Other operating charges | 640/8 | €1,065 | €4,098 | +€3,034 | +285% |
| Gross operating margin | 9900 | €18,401 | €45,409 | +€27,008 | +147% |
| Operating profit (loss) | 9901 | -€1,288 | €22,246 | +€23,535 | |
| Financial income | 75/76B | €921 | €921 | +€0 | 0.0% |
| Recurring financial income | 75 | €921 | €921 | +€0 | 0.0% |
| Financial charges | 65/66B | €391 | €587 | +€196 | +50.2% |
| Recurring financial charges | 65 | €391 | €587 | +€196 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | -€759 | €22,580 | +€23,339 | |
| Income taxes | 67/77 | €80 | €5,548 | +€5,468 | +6,812% |
| Profit (loss) for the period | 9904 | -€839 | €17,032 | +€17,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€839 | €17,032 | +€17,871 |
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.