Sirius Holding: 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.
Sirius Holding
Largest movements
- Receivables within one year +€21,004
up €21,004 (+13,146%), from €160 to €21,164
of which Other amounts receivable: +€11,944
- Cash -€14,676
down €14,676 (-12.7%), from €115,468 to €100,793
mainly Debts after one year (-€40,086) and Receivables within one year (-€21,004)
- Tangible fixed assets -€8,279
down €8,279 (-18.3%), from €45,351 to €37,072
of which Furniture and vehicles: -€8,714
- Debts after one year -€40,086
down €40,086 (-34.4%), from €116,538 to €76,451
of which Financial debts: -€22,893
- Reserves +€19,713
up €19,713 (+234%), from €8,434 to €28,147
- Short-term financial debts +€17,618
new in 2025: €17,618
- Gross operating margin +€16,295
up €16,295 (+47.7%), from €34,191 to €50,487
- Depreciation +€6,866
up €6,866 (+197%), from €3,478 to €10,344
- Taxes +€3,093
up €3,093 (+42.3%), from €7,306 to €10,399
- Financial charges -€2,934
down €2,934 (-25.4%), from €11,564 to €8,630
of which Non-recurring financial charges: -€9,036
- Other operating charges +€729
up €729 (+107%), from €679 to €1,408
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 | €161,618 | €160,013 | -€1,605 | -1.0% |
| Fixed assets | 21/28 | €45,351 | €37,072 | -€8,279 | -18.3% |
| Tangible fixed assets | 22/27 | €45,351 | €37,072 | -€8,279 | -18.3% |
| Plant, machinery and equipment | 23 | - | €434 | +€434 | |
| Furniture and vehicles | 24 | €45,351 | €36,637 | -€8,714 | -19.2% |
| Current assets | 29/58 | €116,267 | €122,941 | +€6,674 | +5.7% |
| Amounts receivable within one year | 40/41 | €160 | €21,164 | +€21,004 | +13,146% |
| Trade receivables | 40 | - | €9,061 | +€9,061 | |
| Other amounts receivable | 41 | €160 | €12,103 | +€11,944 | +7,475% |
| Cash at bank and in hand | 54/58 | €115,468 | €100,793 | -€14,676 | -12.7% |
| Deferred charges and accrued income | 490/1 | €640 | €985 | +€345 | +54.0% |
| Total equity and liabilities | 10/49 | €161,618 | €160,013 | -€1,605 | -1.0% |
| Equity | 10/15 | €9,434 | €29,147 | +€19,713 | +209% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,434 | €28,147 | +€19,713 | +234% |
| Distributable reserves | 133 | €8,434 | €28,147 | +€19,713 | +234% |
| Amounts payable | 17/49 | €152,184 | €130,865 | -€21,319 | -14.0% |
| Amounts payable after more than one year | 17 | €116,538 | €76,451 | -€40,086 | -34.4% |
| Financial debts | 170/4 | €90,291 | €67,398 | -€22,893 | -25.4% |
| Other amounts payable | 178/9 | €26,246 | €9,053 | -€17,193 | -65.5% |
| Amounts payable within one year | 42/48 | €33,711 | €53,376 | +€19,666 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €23,813 | €24,898 | +€1,085 | +4.6% |
| Financial debts | 43 | - | €17,618 | +€17,618 | |
| Credit institutions | 430/8 | - | €17,618 | +€17,618 | |
| Trade debts | 44 | €1,276 | €2,718 | +€1,442 | +113% |
| Suppliers | 440/4 | €1,276 | €2,718 | +€1,442 | +113% |
| Taxes, remuneration and social security | 45 | €8,622 | €8,143 | -€479 | -5.6% |
| Taxes | 450/3 | €8,622 | €8,143 | -€479 | -5.6% |
| Accrued charges and deferred income | 492/3 | €1,936 | €1,038 | -€898 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,478 | €10,344 | +€6,866 | +197% |
| Other operating charges | 640/8 | €679 | €1,408 | +€729 | +107% |
| Gross operating margin | 9900 | €34,191 | €50,487 | +€16,295 | +47.7% |
| Operating profit (loss) | 9901 | €30,035 | €38,734 | +€8,700 | +29.0% |
| Financial income | 75/76B | €1 | €8 | +€7 | +929% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +929% |
| Financial charges | 65/66B | €11,564 | €8,630 | -€2,934 | -25.4% |
| Recurring financial charges | 65 | €243 | €6,346 | +€6,103 | +2,507% |
| Non-recurring financial charges | 66B | €11,320 | €2,284 | -€9,036 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €18,472 | €30,112 | +€11,641 | +63.0% |
| Income taxes | 67/77 | €7,306 | €10,399 | +€3,093 | +42.3% |
| Profit (loss) for the period | 9904 | €11,166 | €19,713 | +€8,547 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,166 | €19,713 | +€8,547 | +76.5% |
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 25 October 2026 via checked.be.