SIRI-TRAC: 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.
SIRI-TRAC
Largest movements
- Tangible fixed assets +€550,620
up €550,620 (+62.1%), from €886,704 to €1.4m
of which Plant, machinery and equipment: +€498,785
- Cash +€36,335
up €36,335 (+230%), from €15,801 to €52,136
mainly Debts after one year (+€362,857) and Depreciation (+€104,015)
- Receivables within one year +€31,544
up €31,544 (+23.4%), from €134,559 to €166,103
of which Trade receivables: +€27,199
- Debts after one year +€362,857
up €362,857 (+75.4%), from €481,429 to €844,286
- Reserves +€237,607
new in 2025: €237,607
- Profit (loss) carried forward -€136,011
no longer reported in 2025 (was €136,011)
- Other debts +€101,014
up €101,014 (+36.6%), from €276,213 to €377,227
- Current portion of long-term debt +€57,143
up €57,143 (+70.2%), from €81,429 to €138,571
- Depreciation +€32,357
up €32,357 (+45.2%), from €71,658 to €104,015
- Financial income +€20,498
up €20,498 (+204,975,100%), from €0 to €20,498
of which Non-recurring financial income: +€20,497
- Gross operating margin +€8,553
up €8,553 (+4.5%), from €191,255 to €199,808
- Financial charges +€7,543
up €7,543 (+105%), from €7,152 to €14,695
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 | €1,050,853 | €1,656,470 | +€605,617 | +57.6% |
| Fixed assets | 21/28 | €886,704 | €1,437,323 | +€550,620 | +62.1% |
| Tangible fixed assets | 22/27 | €886,704 | €1,437,323 | +€550,620 | +62.1% |
| Plant, machinery and equipment | 23 | €886,704 | €1,385,489 | +€498,785 | +56.3% |
| Furniture and vehicles | 24 | - | €1,184 | +€1,184 | |
| Other tangible fixed assets | 26 | - | €35,137 | +€35,137 | |
| Assets under construction and advance payments | 27 | - | €15,513 | +€15,513 | |
| Current assets | 29/58 | €164,150 | €219,147 | +€54,997 | +33.5% |
| Stocks and contracts in progress | 3 | €13,262 | - | -€13,262 | |
| Stocks | 30/36 | €13,262 | - | -€13,262 | |
| Amounts receivable within one year | 40/41 | €134,559 | €166,103 | +€31,544 | +23.4% |
| Trade receivables | 40 | €127,643 | €154,843 | +€27,199 | +21.3% |
| Other amounts receivable | 41 | €6,915 | €11,260 | +€4,344 | +62.8% |
| Cash at bank and in hand | 54/58 | €15,801 | €52,136 | +€36,335 | +230% |
| Deferred charges and accrued income | 490/1 | €528 | €908 | +€380 | +71.9% |
| Total equity and liabilities | 10/49 | €1,050,853 | €1,656,470 | +€605,617 | +57.6% |
| Equity | 10/15 | €156,011 | €257,607 | +€101,596 | +65.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €237,607 | +€237,607 | |
| Distributable reserves | 133 | - | €237,607 | +€237,607 | |
| Profit (loss) carried forward | 14 | €136,011 | - | -€136,011 | |
| Amounts payable | 17/49 | €894,842 | €1,398,863 | +€504,021 | +56.3% |
| Amounts payable after more than one year | 17 | €481,429 | €844,286 | +€362,857 | +75.4% |
| Financial debts | 170/4 | €481,429 | €844,286 | +€362,857 | +75.4% |
| Amounts payable within one year | 42/48 | €404,414 | €545,577 | +€141,164 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €81,429 | €138,571 | +€57,143 | +70.2% |
| Trade debts | 44 | €44,372 | €26,179 | -€18,193 | -41.0% |
| Suppliers | 440/4 | €44,372 | €26,179 | -€18,193 | -41.0% |
| Taxes, remuneration and social security | 45 | €2,400 | €3,600 | +€1,200 | +50.0% |
| Remuneration and social security | 454/9 | €2,400 | €3,600 | +€1,200 | +50.0% |
| Other amounts payable | 47/48 | €276,213 | €377,227 | +€101,014 | +36.6% |
| Accrued charges and deferred income | 492/3 | €9,000 | €9,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,658 | €104,015 | +€32,357 | +45.2% |
| Gross operating margin | 9900 | €191,255 | €199,808 | +€8,553 | +4.5% |
| Operating profit (loss) | 9901 | €119,598 | €95,793 | -€23,804 | -19.9% |
| Financial income | 75/76B | €0 | €20,498 | +€20,498 | +204,975,100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,100% |
| Non-recurring financial income | 76B | - | €20,497 | +€20,497 | |
| Financial charges | 65/66B | €7,152 | €14,695 | +€7,543 | +105% |
| Recurring financial charges | 65 | €7,152 | €14,695 | +€7,543 | +105% |
| Profit (loss) for the period before taxes | 9903 | €112,445 | €101,596 | -€10,849 | -9.6% |
| Profit (loss) for the period | 9904 | €112,445 | €101,596 | -€10,849 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €112,445 | €101,596 | -€10,849 | -9.6% |
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 16 October 2026 via checked.be.