SIRIS: what changed
SIRIS
Largest movements
- Tangible fixed assets -€16,584
down €16,584 (-36.9%), from €44,914 to €28,329
of which Furniture and vehicles: -€14,458
- Cash +€7,923
up €7,923 (+7.4%), from €106,991 to €114,914
mainly Net result for the year (+€66,818) and Other debts (+€60,000)
- Receivables within one year +€6,194
up €6,194 (+38.6%), from €16,029 to €22,224
of which Trade receivables: +€8,220
- Stocks and contracts -€4,350
down €4,350 (-50.9%), from €8,543 to €4,193
- Deferred charges and accrued income +€1,897
up €1,897 (+3,056%), from €62 to €1,959
- Other debts +€60,000
new in 2025: €60,000
- Profit (loss) carried forward -€49,182
down €49,182 (-39.1%), from €125,738 to €76,556
- Current portion of long-term debt -€11,925
down €11,925 (-74.8%), from €15,944 to €4,020
- Debts after one year -€4,020
down €4,020 (-100%), from €4,020 to €0
- Trade debts +€2,080
up €2,080 (+41.4%), from €5,019 to €7,099
- Gross operating margin -€7,802
down €7,802 (-6.8%), from €115,087 to €107,285
- Taxes -€1,480
down €1,480 (-6.0%), from €24,547 to €23,067
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,539 | €171,619 | -€4,920 | -2.8% |
| Fixed assets | 21/28 | €44,914 | €28,329 | -€16,584 | -36.9% |
| Tangible fixed assets | 22/27 | €44,914 | €28,329 | -€16,584 | -36.9% |
| Plant, machinery and equipment | 23 | €12,221 | €10,094 | -€2,126 | -17.4% |
| Furniture and vehicles | 24 | €32,693 | €18,235 | -€14,458 | -44.2% |
| Current assets | 29/58 | €131,625 | €143,289 | +€11,664 | +8.9% |
| Stocks and contracts in progress | 3 | €8,543 | €4,193 | -€4,350 | -50.9% |
| Stocks | 30/36 | €8,543 | €4,193 | -€4,350 | -50.9% |
| Amounts receivable within one year | 40/41 | €16,029 | €22,224 | +€6,194 | +38.6% |
| Trade receivables | 40 | €10,620 | €18,840 | +€8,220 | +77.4% |
| Other amounts receivable | 41 | €5,409 | €3,384 | -€2,026 | -37.4% |
| Cash at bank and in hand | 54/58 | €106,991 | €114,914 | +€7,923 | +7.4% |
| Deferred charges and accrued income | 490/1 | €62 | €1,959 | +€1,897 | +3,056% |
| Total equity and liabilities | 10/49 | €176,539 | €171,619 | -€4,920 | -2.8% |
| Equity | 10/15 | €148,738 | €99,556 | -€49,182 | -33.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,738 | €76,556 | -€49,182 | -39.1% |
| Amounts payable | 17/49 | €27,801 | €72,062 | +€44,261 | +159% |
| Amounts payable after more than one year | 17 | €4,020 | €0 | -€4,020 | -100% |
| Financial debts | 170/4 | €4,020 | €0 | -€4,020 | -100% |
| Amounts payable within one year | 42/48 | €23,781 | €72,062 | +€48,281 | +203% |
| Current portion of amounts payable after more than one year | 42 | €15,944 | €4,020 | -€11,925 | -74.8% |
| Trade debts | 44 | €5,019 | €7,099 | +€2,080 | +41.4% |
| Suppliers | 440/4 | €5,019 | €7,099 | +€2,080 | +41.4% |
| Taxes, remuneration and social security | 45 | €2,818 | €944 | -€1,874 | -66.5% |
| Taxes | 450/3 | €2,818 | €944 | -€1,874 | -66.5% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,571 | €16,584 | +€14 | +0.1% |
| Other operating charges | 640/8 | €629 | €585 | -€43 | -6.9% |
| Gross operating margin | 9900 | €115,087 | €107,285 | -€7,802 | -6.8% |
| Operating profit (loss) | 9901 | €97,888 | €90,115 | -€7,772 | -7.9% |
| Financial income | 75/76B | €90 | €96 | +€6 | +6.2% |
| Recurring financial income | 75 | €90 | €96 | +€6 | +6.2% |
| Financial charges | 65/66B | €428 | €326 | -€102 | -23.8% |
| Recurring financial charges | 65 | €428 | €326 | -€102 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €97,550 | €89,885 | -€7,665 | -7.9% |
| Income taxes | 67/77 | €24,547 | €23,067 | -€1,480 | -6.0% |
| Profit (loss) for the period | 9904 | €73,004 | €66,818 | -€6,185 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,004 | €66,818 | -€6,185 | -8.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.