SIRIM: 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.
SIRIM
Largest movements
- Receivables after one year +€158,926
up €158,926 (+184%), from €86,302 to €245,228
- Cash -€64,954
down €64,954 (-28.1%), from €231,408 to €166,454
mainly Receivables after one year (-€158,926) and Debts after one year (-€44,971)
- Deferred charges and accrued income +€38,705
up €38,705 (+422%), from €9,175 to €47,880
- Financial fixed assets +€30,000
new in 2025: €30,000
- Tangible fixed assets -€28,768
down €28,768 (-35.7%), from €80,503 to €51,736
of which Furniture and vehicles: -€23,663
- Profit (loss) carried forward +€179,182
up €179,182 (+53.5%), from €334,935 to €514,117
- Debts after one year -€44,971
down €44,971 (-36.8%), from €122,301 to €77,330
- Tax, wage and social debts +€22,478
up €22,478 (+118%), from €18,971 to €41,449
- Financial income +€42,350
up €42,350 (+1,725%), from €2,455 to €44,805
- Taxes +€28,885
up €28,885 (+58.9%), from €49,063 to €77,949
- Gross operating margin +€28,848
up €28,848 (+13.1%), from €220,341 to €249,189
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 | €522,892 | €680,944 | +€158,052 | +30.2% |
| Fixed assets | 21/28 | €80,503 | €81,736 | +€1,232 | +1.5% |
| Tangible fixed assets | 22/27 | €80,503 | €51,736 | -€28,768 | -35.7% |
| Furniture and vehicles | 24 | €34,166 | €10,503 | -€23,663 | -69.3% |
| Other tangible fixed assets | 26 | €46,337 | €41,233 | -€5,104 | -11.0% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €442,389 | €599,209 | +€156,820 | +35.4% |
| Amounts receivable after more than one year | 29 | €86,302 | €245,228 | +€158,926 | +184% |
| Other amounts receivable | 291 | €86,302 | €245,228 | +€158,926 | +184% |
| Current investments | 50/53 | €115,504 | €139,647 | +€24,142 | +20.9% |
| Cash at bank and in hand | 54/58 | €231,408 | €166,454 | -€64,954 | -28.1% |
| Deferred charges and accrued income | 490/1 | €9,175 | €47,880 | +€38,705 | +422% |
| Total equity and liabilities | 10/49 | €522,892 | €680,944 | +€158,052 | +30.2% |
| Equity | 10/15 | €337,935 | €517,117 | +€179,182 | +53.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,935 | €514,117 | +€179,182 | +53.5% |
| Amounts payable | 17/49 | €184,957 | €163,828 | -€21,130 | -11.4% |
| Amounts payable after more than one year | 17 | €122,301 | €77,330 | -€44,971 | -36.8% |
| Financial debts | 170/4 | €122,301 | €77,330 | -€44,971 | -36.8% |
| Amounts payable within one year | 42/48 | €62,656 | €86,497 | +€23,841 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €43,685 | €44,971 | +€1,286 | +2.9% |
| Trade debts | 44 | - | €78 | +€78 | |
| Suppliers | 440/4 | - | €78 | +€78 | |
| Taxes, remuneration and social security | 45 | €18,971 | €41,449 | +€22,478 | +118% |
| Taxes | 450/3 | €18,971 | €41,449 | +€22,478 | +118% |
| Remuneration, social security and pensions | 62 | €2,360 | €1,888 | -€472 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,111 | €28,768 | +€657 | +2.3% |
| Other operating charges | 640/8 | €2,610 | €1,627 | -€983 | -37.7% |
| Non-recurring operating charges | 66A | €25,000 | - | -€25,000 | |
| Gross operating margin | 9900 | €220,341 | €249,189 | +€28,848 | +13.1% |
| Operating profit (loss) | 9901 | €162,260 | €216,907 | +€54,647 | +33.7% |
| Financial income | 75/76B | €2,455 | €44,805 | +€42,350 | +1,725% |
| Recurring financial income | 75 | €2,455 | €44,805 | +€42,350 | +1,725% |
| Financial charges | 65/66B | €6,167 | €4,581 | -€1,586 | -25.7% |
| Recurring financial charges | 65 | €6,167 | €4,581 | -€1,586 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €158,548 | €257,131 | +€98,583 | +62.2% |
| Income taxes | 67/77 | €49,063 | €77,949 | +€28,885 | +58.9% |
| Profit (loss) for the period | 9904 | €109,484 | €179,182 | +€69,698 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,484 | €179,182 | +€69,698 | +63.7% |
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 15 October 2026 via checked.be.