SIRK: 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.
SIRK
Largest movements
- Cash +€1.2m
up €1.2m (+232%), from €517,598 to €1.7m
mainly Net result for the year (+€856,073) and Receivables within one year (+€489,282)
- Receivables within one year -€489,282
down €489,282 (-70.8%), from €691,421 to €202,139
of which Trade receivables: -€488,282
- Tangible fixed assets +€171,926
up €171,926 (+29.5%), from €583,344 to €755,270
of which Furniture and vehicles: +€107,529
- Reserves +€856,073
up €856,073 (+62.0%), from €1.4m to €2.2m
of which Distributable reserves: +€856,073
- Gross operating margin +€578,437
up €578,437 (+77.7%), from €744,903 to €1.3m
- Taxes +€170,421
up €170,421 (+73.8%), from €230,830 to €401,251
- Depreciation +€30,774
up €30,774 (+119%), from €25,844 to €56,617
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 | €1,794,610 | €2,678,904 | +€884,294 | +49.3% |
| Fixed assets | 21/28 | €583,344 | €755,270 | +€171,926 | +29.5% |
| Tangible fixed assets | 22/27 | €583,344 | €755,270 | +€171,926 | +29.5% |
| Land and buildings | 22 | €478,021 | €551,409 | +€73,387 | +15.4% |
| Plant, machinery and equipment | 23 | €103,637 | €94,647 | -€8,991 | -8.7% |
| Furniture and vehicles | 24 | €1,686 | €109,215 | +€107,529 | +6,379% |
| Current assets | 29/58 | €1,211,266 | €1,923,634 | +€712,369 | +58.8% |
| Amounts receivable within one year | 40/41 | €691,421 | €202,139 | -€489,282 | -70.8% |
| Trade receivables | 40 | €690,421 | €202,139 | -€488,282 | -70.7% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Cash at bank and in hand | 54/58 | €517,598 | €1,720,754 | +€1.2m | +232% |
| Deferred charges and accrued income | 490/1 | €2,247 | €741 | -€1,506 | -67.0% |
| Total equity and liabilities | 10/49 | €1,794,610 | €2,678,904 | +€884,294 | +49.3% |
| Equity | 10/15 | €1,398,353 | €2,254,425 | +€856,073 | +61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,379,753 | €2,235,825 | +€856,073 | +62.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,377,893 | €2,233,965 | +€856,073 | +62.1% |
| Amounts payable | 17/49 | €396,257 | €424,479 | +€28,222 | +7.1% |
| Amounts payable within one year | 42/48 | €373,686 | €401,953 | +€28,267 | +7.6% |
| Trade debts | 44 | €22,554 | €46,375 | +€23,821 | +106% |
| Suppliers | 440/4 | €22,554 | €46,375 | +€23,821 | +106% |
| Taxes, remuneration and social security | 45 | €92,146 | €106,483 | +€14,337 | +15.6% |
| Taxes | 450/3 | €92,146 | €106,483 | +€14,337 | +15.6% |
| Other amounts payable | 47/48 | €258,986 | €249,095 | -€9,891 | -3.8% |
| Accrued charges and deferred income | 492/3 | €22,572 | €22,527 | -€45 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,844 | €56,617 | +€30,774 | +119% |
| Other operating charges | 640/8 | €5,532 | €8,062 | +€2,530 | +45.7% |
| Gross operating margin | 9900 | €744,903 | €1,323,340 | +€578,437 | +77.7% |
| Operating profit (loss) | 9901 | €713,527 | €1,258,660 | +€545,133 | +76.4% |
| Financial charges | 65/66B | €754 | €1,336 | +€582 | +77.3% |
| Recurring financial charges | 65 | €754 | €1,336 | +€582 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €712,773 | €1,257,324 | +€544,551 | +76.4% |
| Income taxes | 67/77 | €230,830 | €401,251 | +€170,421 | +73.8% |
| Profit (loss) for the period | 9904 | €481,943 | €856,073 | +€374,130 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €481,943 | €856,073 | +€374,130 | +77.6% |
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 28 October 2026 via checked.be.