SIRECO: 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.
SIRECO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts -€20,846
down €20,846 (-43.9%), from €47,503 to €26,658
- Reserves +€15,201
up €15,201 (+27.5%), from €55,260 to €70,461
of which Distributable reserves: +€15,201
- Tax, wage and social debts +€7,665
up €7,665 (+349%), from €2,196 to €9,861
- Other operating charges -€25,336
down €25,336 (-94.5%), from €26,797 to €1,461
- Gross operating margin -€9,956
down €9,956 (-30.5%), from €32,662 to €22,705
- Taxes +€4,209
up €4,209 (+283%), from €1,485 to €5,694
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 | €171,316 | €173,336 | +€2,020 | +1.2% |
| Fixed assets | 21/28 | €3,383 | €3,383 | = | 0.0% |
| Financial fixed assets | 28 | €3,383 | €3,383 | = | 0.0% |
| Current assets | 29/58 | €167,933 | €169,953 | +€2,020 | +1.2% |
| Stocks and contracts in progress | 3 | - | €1,539 | +€1,539 | |
| Stocks | 30/36 | - | €1,539 | +€1,539 | |
| Amounts receivable within one year | 40/41 | €164,054 | €164,964 | +€911 | +0.6% |
| Trade receivables | 40 | €159,391 | €160,315 | +€925 | +0.6% |
| Other amounts receivable | 41 | €4,663 | €4,649 | -€14 | -0.3% |
| Cash at bank and in hand | 54/58 | €3,880 | €3,450 | -€430 | -11.1% |
| Total equity and liabilities | 10/49 | €171,316 | €173,336 | +€2,020 | +1.2% |
| Equity | 10/15 | €117,260 | €132,461 | +€15,201 | +13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €55,260 | €70,461 | +€15,201 | +27.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €49,060 | €64,261 | +€15,201 | +31.0% |
| Amounts payable | 17/49 | €54,056 | €40,875 | -€13,181 | -24.4% |
| Amounts payable within one year | 42/48 | €54,056 | €40,875 | -€13,181 | -24.4% |
| Trade debts | 44 | €47,503 | €26,658 | -€20,846 | -43.9% |
| Suppliers | 440/4 | €47,503 | €26,658 | -€20,846 | -43.9% |
| Taxes, remuneration and social security | 45 | €2,196 | €9,861 | +€7,665 | +349% |
| Taxes | 450/3 | €2,196 | €9,861 | +€7,665 | +349% |
| Other amounts payable | 47/48 | €4,357 | €4,357 | = | 0.0% |
| Other operating charges | 640/8 | €26,797 | €1,461 | -€25,336 | -94.5% |
| Gross operating margin | 9900 | €32,662 | €22,705 | -€9,956 | -30.5% |
| Operating profit (loss) | 9901 | €5,865 | €21,244 | +€15,380 | +262% |
| Financial charges | 65/66B | €300 | €350 | +€50 | +16.7% |
| Recurring financial charges | 65 | €300 | €350 | +€50 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €5,565 | €20,895 | +€15,330 | +275% |
| Income taxes | 67/77 | €1,485 | €5,694 | +€4,209 | +283% |
| Profit (loss) for the period | 9904 | €4,080 | €15,201 | +€11,121 | +273% |
| Profit (loss) for the period to be appropriated | 9905 | €4,080 | €15,201 | +€11,121 | +273% |
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 13 October 2026 via checked.be.