SIRO: 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.
SIRO
Largest movements
- Cash +€125,667
up €125,667 (+22.4%), from €561,568 to €687,235
mainly Net result for the year (+€127,920) and Depreciation (+€20,388)
- Tangible fixed assets -€18,038
down €18,038 (-27.7%), from €65,054 to €47,016
of which Furniture and vehicles: -€16,811
- Reserves +€127,920
up €127,920 (+24.4%), from €523,499 to €651,419
- Tax, wage and social debts -€18,160
down €18,160 (-46.8%), from €38,805 to €20,645
- Gross operating margin +€20,042
up €20,042 (+10.9%), from €184,588 to €204,630
- Depreciation +€9,438
up €9,438 (+86.2%), from €10,950 to €20,388
- Taxes +€4,739
up €4,739 (+9.5%), from €50,091 to €54,830
- Other operating charges -€2,231
down €2,231 (-66.9%), from €3,332 to €1,101
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,687 | €738,430 | +€109,743 | +17.5% |
| Fixed assets | 21/28 | €65,122 | €47,084 | -€18,038 | -27.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €65,054 | €47,016 | -€18,038 | -27.7% |
| Plant, machinery and equipment | 23 | €5,575 | €4,348 | -€1,227 | -22.0% |
| Furniture and vehicles | 24 | €59,479 | €42,668 | -€16,811 | -28.3% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €563,565 | €691,346 | +€127,781 | +22.7% |
| Amounts receivable within one year | 40/41 | €240 | €1,903 | +€1,664 | +694.1% |
| Other amounts receivable | 41 | €240 | €1,903 | +€1,664 | +694.1% |
| Cash at bank and in hand | 54/58 | €561,568 | €687,235 | +€125,667 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,757 | €2,208 | +€450 | +25.6% |
| Total equity and liabilities | 10/49 | €628,687 | €738,430 | +€109,743 | +17.5% |
| Equity | 10/15 | €549,882 | €677,802 | +€127,920 | +23.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €523,499 | €651,419 | +€127,920 | +24.4% |
| Distributable reserves | 133 | €523,499 | €651,419 | +€127,920 | +24.4% |
| Profit (loss) carried forward | 14 | €13,984 | €13,984 | = | 0.0% |
| Amounts payable | 17/49 | €78,804 | €60,627 | -€18,177 | -23.1% |
| Amounts payable within one year | 42/48 | €78,804 | €60,627 | -€18,177 | -23.1% |
| Trade debts | 44 | €5,816 | €7,570 | +€1,754 | +30.2% |
| Suppliers | 440/4 | €5,816 | €7,570 | +€1,754 | +30.2% |
| Taxes, remuneration and social security | 45 | €38,805 | €20,645 | -€18,160 | -46.8% |
| Taxes | 450/3 | €38,805 | €20,645 | -€18,160 | -46.8% |
| Other amounts payable | 47/48 | €34,183 | €32,412 | -€1,771 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,950 | €20,388 | +€9,438 | +86.2% |
| Other operating charges | 640/8 | €3,332 | €1,101 | -€2,231 | -66.9% |
| Gross operating margin | 9900 | €184,588 | €204,630 | +€20,042 | +10.9% |
| Operating profit (loss) | 9901 | €170,306 | €183,141 | +€12,835 | +7.5% |
| Financial income | 75/76B | €0 | €22 | +€22 | +71966.7% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +71966.7% |
| Financial charges | 65/66B | €384 | €412 | +€28 | +7.3% |
| Recurring financial charges | 65 | €384 | €412 | +€28 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €169,922 | €182,750 | +€12,829 | +7.5% |
| Income taxes | 67/77 | €50,091 | €54,830 | +€4,739 | +9.5% |
| Profit (loss) for the period | 9904 | €119,831 | €127,920 | +€8,090 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,831 | €127,920 | +€8,090 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.