SirFish: 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.
SirFish
Largest movements
- Receivables within one year -€256,777
down €256,777 (-49.1%), from €522,784 to €266,007
of which Trade receivables: -€259,301
- Tangible fixed assets +€41,668
up €41,668 (+371%), from €11,217 to €52,884
of which Other tangible fixed assets: +€40,142
- Deferred charges and accrued income -€34,115
down €34,115 (-51.5%), from €66,249 to €32,134
- Cash -€24,020
down €24,020 (-52.6%), from €45,702 to €21,682
mainly Trade debts (-€133,771) and Tax, wage and social debts (-€75,854)
- Trade debts -€133,771
down €133,771 (-62.1%), from €215,423 to €81,652
- Tax, wage and social debts -€75,854
down €75,854 (-56.6%), from €134,024 to €58,170
of which Taxes: -€59,236
- Short-term financial debts -€70,914
down €70,914 (-24.8%), from €285,967 to €215,053
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€39,456
down €39,456 (-82.8%), from €47,653 to €8,198
- Gross operating margin -€82,911
down €82,911 (-19.8%), from €419,456 to €336,545
- Staff costs -€40,015
down €40,015 (-11.6%), from €345,679 to €305,664
- Financial charges +€21,569
up €21,569 (+57.3%), from €37,643 to €59,213
- Taxes -€15,202
down €15,202 (-96.2%), from €15,810 to €607
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 | €752,639 | €477,707 | -€274,932 | -36.5% |
| Fixed assets | 21/28 | €117,903 | €157,884 | +€39,981 | +33.9% |
| Intangible fixed assets | 21 | €1,687 | €0 | -€1,687 | -100% |
| Tangible fixed assets | 22/27 | €11,217 | €52,884 | +€41,668 | +371% |
| Furniture and vehicles | 24 | €8,298 | €9,824 | +€1,526 | +18.4% |
| Other tangible fixed assets | 26 | €2,919 | €43,060 | +€40,142 | +1,375% |
| Financial fixed assets | 28 | €105,000 | €105,000 | = | 0.0% |
| Current assets | 29/58 | €634,735 | €319,823 | -€314,913 | -49.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €522,784 | €266,007 | -€256,777 | -49.1% |
| Trade receivables | 40 | €508,736 | €249,435 | -€259,301 | -51.0% |
| Other amounts receivable | 41 | €14,048 | €16,572 | +€2,523 | +18.0% |
| Cash at bank and in hand | 54/58 | €45,702 | €21,682 | -€24,020 | -52.6% |
| Deferred charges and accrued income | 490/1 | €66,249 | €32,134 | -€34,115 | -51.5% |
| Total equity and liabilities | 10/49 | €752,639 | €477,707 | -€274,932 | -36.5% |
| Equity | 10/15 | €108,516 | €69,061 | -€39,456 | -36.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,663 | €54,663 | = | 0.0% |
| Distributable reserves | 133 | €54,663 | €54,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,653 | €8,198 | -€39,456 | -82.8% |
| Amounts payable | 17/49 | €644,123 | €408,646 | -€235,476 | -36.6% |
| Amounts payable within one year | 42/48 | €639,050 | €408,646 | -€230,404 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | €285,967 | €215,053 | -€70,914 | -24.8% |
| Credit institutions | 430/8 | €285,967 | €215,053 | -€70,914 | -24.8% |
| Trade debts | 44 | €215,423 | €81,652 | -€133,771 | -62.1% |
| Suppliers | 440/4 | €215,423 | €81,652 | -€133,771 | -62.1% |
| Taxes, remuneration and social security | 45 | €134,024 | €58,170 | -€75,854 | -56.6% |
| Taxes | 450/3 | €93,734 | €34,499 | -€59,236 | -63.2% |
| Remuneration and social security | 454/9 | €40,290 | €23,671 | -€16,619 | -41.2% |
| Other amounts payable | 47/48 | €3,636 | €3,771 | +€136 | +3.7% |
| Accrued charges and deferred income | 492/3 | €5,072 | €0 | -€5,072 | -100% |
| Remuneration, social security and pensions | 62 | €345,679 | €305,664 | -€40,015 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,733 | €8,984 | +€1,250 | +16.2% |
| Other operating charges | 640/8 | €2,586 | €2,288 | -€299 | -11.5% |
| Gross operating margin | 9900 | €419,456 | €336,545 | -€82,911 | -19.8% |
| Operating profit (loss) | 9901 | €63,458 | €19,610 | -€43,848 | -69.1% |
| Financial income | 75/76B | €819 | €755 | -€64 | -7.8% |
| Recurring financial income | 75 | €819 | €755 | -€64 | -7.8% |
| Financial charges | 65/66B | €37,643 | €59,213 | +€21,569 | +57.3% |
| Recurring financial charges | 65 | €37,643 | €59,213 | +€21,569 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €26,633 | -€38,848 | -€65,481 | |
| Income taxes | 67/77 | €15,810 | €607 | -€15,202 | -96.2% |
| Profit (loss) for the period | 9904 | €10,823 | -€39,456 | -€50,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,823 | -€39,456 | -€50,279 |
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 21 October 2026 via checked.be.