SIRE SYSTEMS: 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 SYSTEMS
Largest movements
- Cash +€76,689
up €76,689 (+81.8%), from €93,738 to €170,427
mainly Net result for the year (+€141,786) and Other debts (+€48,000)
- Receivables within one year +€57,722
up €57,722 (+87.3%), from €66,092 to €123,814
of which Trade receivables: +€54,182
- Tangible fixed assets -€5,805
down €5,805 (-2.2%), from €259,774 to €253,969
of which Land and buildings: -€5,212
- Profit (loss) carried forward +€93,786
up €93,786 (+52.3%), from €179,264 to €273,050
- Other debts +€48,000
new in 2025: €48,000
- Debts after one year -€24,798
down €24,798 (-13.2%), from €187,471 to €162,674
- Tax, wage and social debts +€9,862
up €9,862 (+26.4%), from €37,357 to €47,220
of which Taxes: +€11,692
- Turnover +€299,392
new in 2025: €299,392
- Gross operating margin +€111,355
up €111,355 (+113%), from €98,740 to €210,095
- Purchases and services +€90,947
new in 2025: €90,947
- Taxes +€31,062
up €31,062 (+290%), from €10,711 to €41,773
- Depreciation -€20,455
down €20,455 (-54.5%), from €37,554 to €17,100
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 | €419,604 | €548,210 | +€128,606 | +30.6% |
| Fixed assets | 21/28 | €259,774 | €253,969 | -€5,805 | -2.2% |
| Tangible fixed assets | 22/27 | €259,774 | €253,969 | -€5,805 | -2.2% |
| Land and buildings | 22 | €211,939 | €206,727 | -€5,212 | -2.5% |
| Plant, machinery and equipment | 23 | - | €2,425 | +€2,425 | |
| Furniture and vehicles | 24 | €42,856 | €39,235 | -€3,620 | -8.4% |
| Other tangible fixed assets | 26 | €4,980 | €5,582 | +€602 | +12.1% |
| Current assets | 29/58 | €159,829 | €294,240 | +€134,411 | +84.1% |
| Amounts receivable within one year | 40/41 | €66,092 | €123,814 | +€57,722 | +87.3% |
| Trade receivables | 40 | €51,376 | €105,558 | +€54,182 | +105% |
| Other amounts receivable | 41 | €14,716 | €18,256 | +€3,540 | +24.1% |
| Cash at bank and in hand | 54/58 | €93,738 | €170,427 | +€76,689 | +81.8% |
| Total equity and liabilities | 10/49 | €419,604 | €548,210 | +€128,606 | +30.6% |
| Equity | 10/15 | €180,774 | €274,560 | +€93,786 | +51.9% |
| Contributions | 10/11 | €1,510 | €1,510 | = | 0.0% |
| Contributions outside capital | 11 | €1,510 | - | -€1,510 | |
| Other | 1109/19 | €1,510 | - | -€1,510 | |
| Profit (loss) carried forward | 14 | €179,264 | €273,050 | +€93,786 | +52.3% |
| Amounts payable | 17/49 | €238,830 | €273,650 | +€34,820 | +14.6% |
| Amounts payable after more than one year | 17 | €187,471 | €162,674 | -€24,798 | -13.2% |
| Financial debts | 170/4 | €187,471 | €162,674 | -€24,798 | -13.2% |
| Amounts payable within one year | 42/48 | €51,359 | €110,976 | +€59,617 | +116% |
| Current portion of amounts payable after more than one year | 42 | €11,562 | €11,726 | +€164 | +1.4% |
| Trade debts | 44 | €2,439 | €4,030 | +€1,591 | +65.2% |
| Suppliers | 440/4 | €2,439 | €4,030 | +€1,591 | +65.2% |
| Taxes, remuneration and social security | 45 | €37,357 | €47,220 | +€9,862 | +26.4% |
| Taxes | 450/3 | €35,527 | €47,220 | +€11,692 | +32.9% |
| Remuneration and social security | 454/9 | €1,830 | - | -€1,830 | |
| Other amounts payable | 47/48 | - | €48,000 | +€48,000 | |
| Turnover | 70 | - | €299,392 | +€299,392 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €90,947 | +€90,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,554 | €17,100 | -€20,455 | -54.5% |
| Other operating charges | 640/8 | €7,269 | €2,243 | -€5,026 | -69.1% |
| Gross operating margin | 9900 | €98,740 | €210,095 | +€111,355 | +113% |
| Operating profit (loss) | 9901 | €53,917 | €190,753 | +€136,835 | +254% |
| Financial income | 75/76B | €36 | €27 | -€9 | -25.0% |
| Recurring financial income | 75 | €36 | €27 | -€9 | -25.0% |
| Financial charges | 65/66B | €4,874 | €7,221 | +€2,347 | +48.2% |
| Recurring financial charges | 65 | €4,874 | €7,221 | +€2,347 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €49,080 | €183,559 | +€134,479 | +274% |
| Income taxes | 67/77 | €10,711 | €41,773 | +€31,062 | +290% |
| Profit (loss) for the period | 9904 | €38,369 | €141,786 | +€103,418 | +270% |
| Profit (loss) for the period to be appropriated | 9905 | €38,369 | €141,786 | +€103,418 | +270% |
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 22 October 2026 via checked.be.