SIRENUSE: what changed
Two fiscal 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.
SIRENUSE
Largest movements
- Cash +€1.2m
up €1.2m (+18386.8%), from €6,290 to €1.2m
mainly Net result for the year (+€1.6m) and Other debts (+€506,756)
- Receivables within one year +€519,575
new in 2025: €519,575
- Financial fixed assets -€491,883
down €491,883 (-19.7%), from €2.5m to €2.0m
- Reserves +€1.6m
new in 2025: €1.6m
- Short-term financial debts -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts +€506,756
up €506,756 (+13991.1%), from €3,622 to €510,378
- Tax, wage and social debts +€158,219
new in 2025: €158,219
- Financial income +€1.8m
new in 2025: €1.8m
of which Financial income: +€1.7m
- Taxes +€158,219
new in 2025: €158,219
- Financial charges -€8,681
down €8,681 (-44.0%), from €19,742 to €11,061
- Other operating charges +€611
up €611 (+157.9%), from €387 to €998
- Gross operating margin -€433
down €433 (-23.0%), from -€1,884 to -€2,317
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.
Cash bridge derived
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 | €2,506,290 | €3,693,432 | +€1.2m | +47.4% |
| Fixed assets | 21/28 | €2,500,000 | €2,008,117 | -€491,883 | -19.7% |
| Financial fixed assets | 28 | €2,500,000 | €2,008,117 | -€491,883 | -19.7% |
| Current assets | 29/58 | €6,290 | €1,685,315 | +€1.7m | +26693.6% |
| Amounts receivable within one year | 40/41 | - | €519,575 | +€519,575 | |
| Other amounts receivable | 41 | - | €519,575 | +€519,575 | |
| Cash at bank and in hand | 54/58 | €6,290 | €1,162,817 | +€1.2m | +18386.8% |
| Deferred charges and accrued income | 490/1 | - | €2,923 | +€2,923 | |
| Total equity and liabilities | 10/49 | €2,506,290 | €3,693,432 | +€1.2m | +47.4% |
| Equity | 10/15 | €1,442,648 | €3,024,835 | +€1.6m | +109.7% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | - | €1,582,187 | +€1.6m | |
| Distributable reserves | 133 | - | €1,582,187 | +€1.6m | |
| Profit (loss) carried forward | 14 | -€57,352 | -€57,352 | = | 0.0% |
| Amounts payable | 17/49 | €1,063,642 | €668,597 | -€395,045 | -37.1% |
| Amounts payable within one year | 42/48 | €1,063,642 | €668,597 | -€395,045 | -37.1% |
| Financial debts | 43 | €1,060,020 | - | -€1.1m | |
| Other loans | 439 | €1,060,020 | - | -€1.1m | |
| Taxes, remuneration and social security | 45 | - | €158,219 | +€158,219 | |
| Taxes | 450/3 | - | €158,219 | +€158,219 | |
| Other amounts payable | 47/48 | €3,622 | €510,378 | +€506,756 | +13991.1% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.9% |
| Gross operating margin | 9900 | -€1,884 | -€2,317 | -€433 | -23.0% |
| Operating profit (loss) | 9901 | -€2,271 | -€3,315 | -€1,044 | -46.0% |
| Financial income | 75/76B | - | €1,754,782 | +€1.8m | |
| Recurring financial income | 75 | - | €1,705,202 | +€1.7m | |
| Non-recurring financial income | 76B | - | €49,580 | +€49,580 | |
| Financial charges | 65/66B | €19,742 | €11,061 | -€8,681 | -44.0% |
| Recurring financial charges | 65 | €19,742 | €11,061 | -€8,681 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,013 | €1,740,406 | +€1.8m | |
| Income taxes | 67/77 | - | €158,219 | +€158,219 | |
| Profit (loss) for the period | 9904 | -€22,013 | €1,582,187 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,013 | €1,582,187 | +€1.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.