SIRDIS: 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.
SIRDIS
Largest movements
- Cash -€82,280
down €82,280 (-29.0%), from €284,133 to €201,853
mainly Receivables within one year (-€79,403) and Trade debts (-€48,820)
- Receivables within one year +€79,403
up €79,403 (+25.8%), from €307,339 to €386,742
of which Other amounts receivable: +€82,971
- Stocks and contracts +€46,111
up €46,111 (+16.3%), from €283,622 to €329,733
- Tangible fixed assets -€33,895
down €33,895 (-41.9%), from €80,965 to €47,070
of which Furniture and vehicles: -€29,471
- Deferred charges and accrued income -€13,268
down €13,268 (-74.5%), from €17,802 to €4,534
- Reserves +€91,080
up €91,080 (+25.1%), from €362,310 to €453,390
of which Distributable reserves: +€91,080
- Trade debts -€48,820
down €48,820 (-16.5%), from €295,406 to €246,586
- Profit (loss) carried forward -€28,205
down €28,205 (-100%), from €28,205 to €0
- Debts after one year -€17,927
down €17,927 (-34.6%), from €51,885 to €33,958
- Current portion of long-term debt +€16,633
up €16,633 (+75.3%), from €22,081 to €38,714
- Gross operating margin -€113,662
down €113,662 (-13.4%), from €845,103 to €731,441
- Depreciation -€76,334
down €76,334 (-69.0%), from €110,697 to €34,363
- Financial income +€20,483
up €20,483 (+1,472%), from €1,392 to €21,875
- Staff costs -€9,187
down €9,187 (-1.6%), from €582,786 to €573,599
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 | €976,373 | €971,977 | -€4,396 | -0.5% |
| Formation expenses | 20 | €2,326 | €1,857 | -€469 | -20.2% |
| Fixed assets | 21/28 | €81,151 | €47,256 | -€33,895 | -41.8% |
| Tangible fixed assets | 22/27 | €80,965 | €47,070 | -€33,895 | -41.9% |
| Plant, machinery and equipment | 23 | €12,750 | €8,326 | -€4,424 | -34.7% |
| Furniture and vehicles | 24 | €68,215 | €38,744 | -€29,471 | -43.2% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €892,896 | €922,863 | +€29,967 | +3.4% |
| Stocks and contracts in progress | 3 | €283,622 | €329,733 | +€46,111 | +16.3% |
| Stocks | 30/36 | €283,622 | €329,733 | +€46,111 | +16.3% |
| Amounts receivable within one year | 40/41 | €307,339 | €386,742 | +€79,403 | +25.8% |
| Trade receivables | 40 | €40,196 | €36,628 | -€3,568 | -8.9% |
| Other amounts receivable | 41 | €267,143 | €350,114 | +€82,971 | +31.1% |
| Cash at bank and in hand | 54/58 | €284,133 | €201,853 | -€82,280 | -29.0% |
| Deferred charges and accrued income | 490/1 | €17,802 | €4,534 | -€13,268 | -74.5% |
| Total equity and liabilities | 10/49 | €976,373 | €971,977 | -€4,396 | -0.5% |
| Equity | 10/15 | €440,515 | €503,390 | +€62,875 | +14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €362,310 | €453,390 | +€91,080 | +25.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €338,560 | €429,640 | +€91,080 | +26.9% |
| Profit (loss) carried forward | 14 | €28,205 | €0 | -€28,205 | -100% |
| Amounts payable | 17/49 | €535,858 | €468,587 | -€67,271 | -12.6% |
| Amounts payable after more than one year | 17 | €51,885 | €33,958 | -€17,927 | -34.6% |
| Financial debts | 170/4 | €51,885 | €33,958 | -€17,927 | -34.6% |
| Amounts payable within one year | 42/48 | €452,693 | €415,419 | -€37,274 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €22,081 | €38,714 | +€16,633 | +75.3% |
| Trade debts | 44 | €295,406 | €246,586 | -€48,820 | -16.5% |
| Suppliers | 440/4 | €295,406 | €246,586 | -€48,820 | -16.5% |
| Taxes, remuneration and social security | 45 | €135,206 | €130,120 | -€5,087 | -3.8% |
| Taxes | 450/3 | €50,136 | €50,058 | -€78 | -0.2% |
| Remuneration and social security | 454/9 | €85,070 | €80,061 | -€5,009 | -5.9% |
| Accrued charges and deferred income | 492/3 | €31,280 | €19,210 | -€12,070 | -38.6% |
| Remuneration, social security and pensions | 62 | €582,786 | €573,599 | -€9,187 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,697 | €34,363 | -€76,334 | -69.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€106 | -€106 | |
| Other operating charges | 640/8 | €22,606 | €20,932 | -€1,674 | -7.4% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €845,103 | €731,441 | -€113,662 | -13.4% |
| Operating profit (loss) | 9901 | €129,014 | €101,652 | -€27,362 | -21.2% |
| Financial income | 75/76B | €1,392 | €21,875 | +€20,483 | +1,472% |
| Recurring financial income | 75 | €1,392 | €21,875 | +€20,483 | +1,472% |
| Financial charges | 65/66B | €39,334 | €35,977 | -€3,357 | -8.5% |
| Recurring financial charges | 65 | €39,334 | €35,977 | -€3,357 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €91,072 | €87,551 | -€3,521 | -3.9% |
| Income taxes | 67/77 | €25,341 | €24,677 | -€664 | -2.6% |
| Profit (loss) for the period | 9904 | €65,731 | €62,874 | -€2,857 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,731 | €62,874 | -€2,857 | -4.3% |
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 15 October 2026 via checked.be.