SIRIUS PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Tangible fixed assets -€248,623
down €248,623 (-9.6%), from €2.6m to €2.3m
of which Land and buildings: -€199,590
- Cash +€114,937
up €114,937 (+48.1%), from €238,787 to €353,725
mainly Depreciation (+€248,623) and Net result for the year (+€37,695)
- Debts after one year -€178,683
down €178,683 (-15.7%), from €1.1m to €956,124
- Profit (loss) carried forward +€78,212
new in 2025: €78,212
- Reserves -€40,517
down €40,517 (-4.1%), from €986,751 to €946,235
of which Tax-exempt reserves: -€40,517
- Turnover +€342,034
new in 2025: €342,034
- Purchases and services +€22,652
new in 2025: €22,652
- Gross operating margin +€8,548
up €8,548 (+2.6%), from €331,180 to €339,728
- Taxes +€8,049
up €8,049 (+42.8%), from €18,785 to €26,834
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.
Cash bridge derived
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 | €2,878,464 | €2,734,988 | -€143,476 | -5.0% |
| Fixed assets | 21/28 | €2,577,756 | €2,329,132 | -€248,623 | -9.6% |
| Tangible fixed assets | 22/27 | €2,577,756 | €2,329,132 | -€248,623 | -9.6% |
| Land and buildings | 22 | €2,186,761 | €1,987,171 | -€199,590 | -9.1% |
| Plant, machinery and equipment | 23 | €390,995 | €341,961 | -€49,034 | -12.5% |
| Current assets | 29/58 | €300,708 | €405,856 | +€105,148 | +35.0% |
| Amounts receivable within one year | 40/41 | €61,921 | €52,000 | -€9,921 | -16.0% |
| Trade receivables | 40 | €52,000 | €52,000 | = | 0.0% |
| Other amounts receivable | 41 | €9,921 | - | -€9,921 | |
| Cash at bank and in hand | 54/58 | €238,787 | €353,725 | +€114,937 | +48.1% |
| Deferred charges and accrued income | 490/1 | €0 | €131 | +€131 | |
| Total equity and liabilities | 10/49 | €2,878,464 | €2,734,988 | -€143,476 | -5.0% |
| Equity | 10/15 | €1,061,683 | €1,099,378 | +€37,695 | +3.6% |
| Contributions | 10/11 | €74,932 | €74,932 | = | 0.0% |
| Reserves | 13 | €986,751 | €946,235 | -€40,517 | -4.1% |
| Tax-exempt reserves | 132 | €498,702 | €458,185 | -€40,517 | -8.1% |
| Distributable reserves | 133 | €488,049 | €488,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €78,212 | +€78,212 | |
| Provisions and deferred taxes | 16 | €162,252 | €148,746 | -€13,506 | -8.3% |
| Deferred taxes | 168 | €162,252 | €148,746 | -€13,506 | -8.3% |
| Amounts payable | 17/49 | €1,654,529 | €1,486,863 | -€167,666 | -10.1% |
| Amounts payable after more than one year | 17 | €1,134,807 | €956,124 | -€178,683 | -15.7% |
| Financial debts | 170/4 | €1,134,807 | €956,124 | -€178,683 | -15.7% |
| Amounts payable within one year | 42/48 | €238,242 | €249,259 | +€11,017 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €177,848 | €178,683 | +€835 | +0.5% |
| Trade debts | 44 | €1,726 | €3,205 | +€1,479 | +85.7% |
| Suppliers | 440/4 | €1,726 | €3,205 | +€1,479 | +85.7% |
| Taxes, remuneration and social security | 45 | €58,668 | €63,021 | +€4,353 | +7.4% |
| Taxes | 450/3 | €58,668 | €63,021 | +€4,353 | +7.4% |
| Other amounts payable | 47/48 | - | €4,350 | +€4,350 | |
| Accrued charges and deferred income | 492/3 | €281,480 | €281,480 | = | 0.0% |
| Turnover | 70 | - | €342,034 | +€342,034 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €22,652 | +€22,652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,043 | €248,623 | +€1,581 | +0.6% |
| Other operating charges | 640/8 | €24,463 | €25,127 | +€664 | +2.7% |
| Gross operating margin | 9900 | €331,180 | €339,728 | +€8,548 | +2.6% |
| Operating profit (loss) | 9901 | €59,675 | €65,978 | +€6,303 | +10.6% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €17,415 | €15,011 | -€2,405 | -13.8% |
| Recurring financial charges | 65 | €17,415 | €15,011 | -€2,405 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €42,260 | €51,024 | +€8,764 | +20.7% |
| Transfer from deferred taxes | 780 | €13,506 | €13,506 | = | 0.0% |
| Income taxes | 67/77 | €18,785 | €26,834 | +€8,049 | +42.8% |
| Profit (loss) for the period | 9904 | €36,980 | €37,695 | +€715 | +1.9% |
| Transfer from tax-exempt reserves | 789 | €40,517 | €40,517 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,497 | €78,212 | +€715 | +0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.