SIROCCO: 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.
SIROCCO
Largest movements
- Cash +€82,358
up €82,358 (+66.9%), from €123,168 to €205,526
mainly Stocks and contracts (+€72,763) and Current portion of long-term debt (+€19,439)
- Stocks and contracts -€72,763
down €72,763 (-52.6%), from €138,366 to €65,603
- Current portion of long-term debt +€19,439
new in 2025: €19,439
- Debts after one year +€10,561
new in 2025: €10,561
- Profit (loss) carried forward -€10,345
new in 2025: -€10,345
- Tax, wage and social debts -€6,955
down €6,955 (-65.5%), from €10,610 to €3,655
- Gross operating margin -€61,581
down €61,581 (-88.9%), from €69,305 to €7,724
- Staff costs -€21,405
no longer reported in 2025 (was €21,405)
- Taxes -€11,016
down €11,016 (-99.8%), from €11,042 to €26
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 | €612,026 | €631,324 | +€19,298 | +3.2% |
| Fixed assets | 21/28 | €221,259 | €225,161 | +€3,903 | +1.8% |
| Tangible fixed assets | 22/27 | €221,259 | €225,161 | +€3,903 | +1.8% |
| Land and buildings | 22 | €209,098 | €209,098 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,105 | €1,826 | -€278 | -13.2% |
| Furniture and vehicles | 24 | €10,056 | €14,237 | +€4,181 | +41.6% |
| Current assets | 29/58 | €390,768 | €406,163 | +€15,396 | +3.9% |
| Stocks and contracts in progress | 3 | €138,366 | €65,603 | -€72,763 | -52.6% |
| Stocks | 30/36 | €138,366 | €65,603 | -€72,763 | -52.6% |
| Amounts receivable within one year | 40/41 | €129,233 | €135,034 | +€5,801 | +4.5% |
| Trade receivables | 40 | €81,905 | €127,477 | +€45,572 | +55.6% |
| Other amounts receivable | 41 | €47,328 | €7,556 | -€39,772 | -84.0% |
| Cash at bank and in hand | 54/58 | €123,168 | €205,526 | +€82,358 | +66.9% |
| Total equity and liabilities | 10/49 | €612,026 | €631,324 | +€19,298 | +3.2% |
| Equity | 10/15 | €594,057 | €583,713 | -€10,345 | -1.7% |
| Contributions | 10/11 | €289,000 | €289,000 | = | 0.0% |
| Reserves | 13 | €305,057 | €305,057 | = | 0.0% |
| Distributable reserves | 133 | €305,057 | €305,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,345 | -€10,345 | |
| Amounts payable | 17/49 | €17,969 | €47,612 | +€29,643 | +165.0% |
| Amounts payable after more than one year | 17 | - | €10,561 | +€10,561 | |
| Other amounts payable | 178/9 | - | €10,561 | +€10,561 | |
| Amounts payable within one year | 42/48 | €17,969 | €37,051 | +€19,082 | +106.2% |
| Current portion of amounts payable after more than one year | 42 | - | €19,439 | +€19,439 | |
| Trade debts | 44 | €6,730 | €12,138 | +€5,408 | +80.3% |
| Suppliers | 440/4 | €6,730 | €12,138 | +€5,408 | +80.3% |
| Taxes, remuneration and social security | 45 | €10,610 | €3,655 | -€6,955 | -65.5% |
| Taxes | 450/3 | €10,610 | €3,655 | -€6,955 | -65.5% |
| Other amounts payable | 47/48 | €629 | €1,819 | +€1,190 | +189.4% |
| Remuneration, social security and pensions | 62 | €21,405 | - | -€21,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,968 | €5,145 | +€178 | +3.6% |
| Gross operating margin | 9900 | €69,305 | €7,724 | -€61,581 | -88.9% |
| Operating profit (loss) | 9901 | €42,933 | €2,578 | -€40,354 | -94.0% |
| Financial income | 75/76B | €2,242 | €1,790 | -€452 | -20.1% |
| Recurring financial income | 75 | €2,242 | €1,790 | -€452 | -20.1% |
| Financial charges | 65/66B | €15,103 | €14,687 | -€416 | -2.8% |
| Recurring financial charges | 65 | €15,103 | €14,687 | -€416 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €30,071 | -€10,319 | -€40,390 | |
| Income taxes | 67/77 | €11,042 | €26 | -€11,016 | -99.8% |
| Profit (loss) for the period | 9904 | €19,029 | -€10,345 | -€29,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,029 | -€10,345 | -€29,374 |
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 7 October 2026 via checked.be.