SIRE: 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.
SIRE
Largest movements
- Tangible fixed assets -€62,659
down €62,659 (-15.0%), from €416,488 to €353,828
of which Land and buildings: -€46,241
- Receivables within one year +€56,613
up €56,613 (+112%), from €50,652 to €107,265
of which Trade receivables: +€63,684
- Cash -€54,202
down €54,202 (-81.9%), from €66,171 to €11,969
mainly Accrued charges and deferred income (-€61,555) and Receivables within one year (-€56,613)
- Accrued charges and deferred income -€61,555
down €61,555 (-97.6%), from €63,055 to €1,500
- Trade debts +€34,522
up €34,522 (+133%), from €25,892 to €60,413
- Debts after one year -€25,043
down €25,043 (-6.5%), from €383,253 to €358,210
- Current portion of long-term debt -€15,552
down €15,552 (-27.0%), from €57,599 to €42,048
- Tax, wage and social debts +€9,312
up €9,312 (+135%), from €6,885 to €16,196
- Gross operating margin -€17,925
down €17,925 (-13.1%), from €136,878 to €118,953
- Depreciation +€8,137
up €8,137 (+9.0%), from €90,799 to €98,936
- Other operating charges +€4,740
up €4,740 (+110%), from €4,324 to €9,065
- Write-downs -€4,361
down €4,361, from €0 to -€4,361
- Taxes -€3,140
down €3,140 (-37.0%), from €8,491 to €5,351
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 | €561,127 | €500,504 | -€60,623 | -10.8% |
| Fixed assets | 21/28 | €442,901 | €378,443 | -€64,458 | -14.6% |
| Intangible fixed assets | 21 | €21,579 | €19,780 | -€1,798 | -8.3% |
| Tangible fixed assets | 22/27 | €416,488 | €353,828 | -€62,659 | -15.0% |
| Land and buildings | 22 | €273,949 | €227,708 | -€46,241 | -16.9% |
| Plant, machinery and equipment | 23 | €130,295 | €106,991 | -€23,303 | -17.9% |
| Furniture and vehicles | 24 | €12,244 | €19,129 | +€6,885 | +56.2% |
| Financial fixed assets | 28 | €4,835 | €4,835 | = | 0.0% |
| Current assets | 29/58 | €118,226 | €122,060 | +€3,834 | +3.2% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,652 | €107,265 | +€56,613 | +112% |
| Trade receivables | 40 | €43,581 | €107,265 | +€63,684 | +146% |
| Other amounts receivable | 41 | €7,071 | €0 | -€7,071 | -100% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,171 | €11,969 | -€54,202 | -81.9% |
| Deferred charges and accrued income | 490/1 | €903 | €2,326 | +€1,423 | +158% |
| Total equity and liabilities | 10/49 | €561,127 | €500,504 | -€60,623 | -10.8% |
| Equity | 10/15 | €9,926 | €10,040 | +€115 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,560 | €5,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,560 | €5,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,234 | -€14,120 | +€115 | +0.8% |
| Amounts payable | 17/49 | €551,201 | €490,464 | -€60,738 | -11.0% |
| Amounts payable after more than one year | 17 | €383,253 | €358,210 | -€25,043 | -6.5% |
| Financial debts | 170/4 | €383,253 | €358,210 | -€25,043 | -6.5% |
| Amounts payable within one year | 42/48 | €104,894 | €130,754 | +€25,860 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €57,599 | €42,048 | -€15,552 | -27.0% |
| Trade debts | 44 | €25,892 | €60,413 | +€34,522 | +133% |
| Suppliers | 440/4 | €25,892 | €60,413 | +€34,522 | +133% |
| Taxes, remuneration and social security | 45 | €6,885 | €16,196 | +€9,312 | +135% |
| Taxes | 450/3 | €6,885 | €16,196 | +€9,312 | +135% |
| Other amounts payable | 47/48 | €14,518 | €12,096 | -€2,422 | -16.7% |
| Accrued charges and deferred income | 492/3 | €63,055 | €1,500 | -€61,555 | -97.6% |
| Non-recurring operating income | 76A | €18,756 | €0 | -€18,756 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,799 | €98,936 | +€8,137 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€4,361 | -€4,361 | |
| Other operating charges | 640/8 | €4,324 | €9,065 | +€4,740 | +110% |
| Non-recurring operating charges | 66A | - | €578 | +€578 | |
| Gross operating margin | 9900 | €136,878 | €118,953 | -€17,925 | -13.1% |
| Operating profit (loss) | 9901 | €41,755 | €14,735 | -€27,019 | -64.7% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | €6,265 | €9,369 | +€3,104 | +49.5% |
| Recurring financial charges | 65 | €6,265 | €9,369 | +€3,104 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €35,489 | €5,465 | -€30,024 | -84.6% |
| Income taxes | 67/77 | €8,491 | €5,351 | -€3,140 | -37.0% |
| Profit (loss) for the period | 9904 | €26,999 | €115 | -€26,884 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,999 | €115 | -€26,884 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.