Sirocco Wind: 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.
What changed
Sirocco Wind
NACE 35.110, Production of electricity from non-renewable sources
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2025 · €1.1m+€363,952
Equity
€11.6m
2025 · €11.1m+€476,540
Cash
€2.2m
2025 · €2.5m-€328,372
Balance sheet total
€38.1m
2025 · €40.9m-€2.9m
Largest movements
Assets
- Tangible fixed assets -€2.7m
down €2.7m (-7.5%), from €35.5m to €32.8m
of which Plant, machinery and equipment: -€2.5m
- Receivables within one year +€460,832
up €460,832 (+26.6%), from €1.7m to €2.2m
of which Trade receivables: +€449,178
Equity and liabilities
- Debts after one year -€3.2m
down €3.2m (-13.0%), from €24.7m to €21.5m
- Other debts -€500,000
down €500,000 (-33.3%), from €1.5m to €1.0m
Income statement
- Turnover +€614,358
up €614,358 (+9.0%), from €6.8m to €7.4m
- Taxes +€308,815
new in 2026: €308,815
- Other operating charges -€283,683
down €283,683 (-71.1%), from €399,087 to €115,404
- Other operating income -€258,639
down €258,639 (-52.7%), from €490,906 to €232,267
- Financial charges -€119,710
down €119,710 (-10.3%), from €1.2m to €1.0m
From the 2025 result to the 2026 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.
Result 2025
€1.1m
Turnover
+€614,358
Other operating income
-€258,639
Services and other goods
-€39,219
Depreciation
-€43,065
Other operating charges
+€283,683
Other operating items
-€4,061
Financial charges
+€119,710
Taxes
-€308,815
Result 2026
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.9m
Investment
-€115,145
Financing
-€4.1m
Cash 2025
€2.5m
From operations (derived)
+€3.9m
Net result for the year
+€1.5m
Depreciation
+€3.1m
Receivables within one year
-€460,832
Smaller working-capital items
+€1,790
Provisions
+€119,047
Trade debts
-€182,895
Tax, wage and social debts
+€305,317
Other debts
-€500,000
Investment (derived)
-€115,145
Investment in fixed assets (net)
-€115,145
Financing
-€4.1m
Debts after one year
-€3.2m
Current portion of long-term debt
+€123,418
Contributions, distributions and other
-€1.0m
Cash 2026
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,927,742 | €38,058,178 | -€2.9m | -7.0% |
| Fixed assets | 21/28 | €36,468,874 | €33,470,775 | -€3.0m | -8.2% |
| Intangible fixed assets | 21 | €996,550 | €652,150 | -€344,400 | -34.6% |
| Tangible fixed assets | 22/27 | €35,472,324 | €32,818,625 | -€2.7m | -7.5% |
| Plant, machinery and equipment | 23 | €35,276,003 | €32,818,625 | -€2.5m | -7.0% |
| Assets under construction and advance payments | 27 | €196,321 | - | -€196,321 | |
| Current assets | 29/58 | €4,458,868 | €4,587,404 | +€128,535 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,732,855 | €2,193,687 | +€460,832 | +26.6% |
| Trade receivables | 40 | €1,717,604 | €2,166,782 | +€449,178 | +26.2% |
| Other amounts receivable | 41 | €15,251 | €26,905 | +€11,654 | +76.4% |
| Cash at bank and in hand | 54/58 | €2,502,788 | €2,174,416 | -€328,372 | -13.1% |
| Deferred charges and accrued income | 490/1 | €223,225 | €219,300 | -€3,925 | -1.8% |
| Total equity and liabilities | 10/49 | €40,927,742 | €38,058,178 | -€2.9m | -7.0% |
| Equity | 10/15 | €11,101,647 | €11,578,187 | +€476,540 | +4.3% |
| Contributions | 10/11 | €8,265,089 | €8,265,089 | = | 0.0% |
| Capital | 10 | €8,265,089 | €8,265,089 | = | 0.0% |
| Issued capital | 100 | €8,265,089 | €8,265,089 | = | 0.0% |
| Reserves | 13 | €270,000 | €350,000 | +€80,000 | +29.6% |
| Non-distributable reserves | 130/1 | €270,000 | €350,000 | +€80,000 | +29.6% |
| Legal reserve | 130 | €270,000 | €350,000 | +€80,000 | +29.6% |
| Profit (loss) carried forward | 14 | €2,566,559 | €2,963,099 | +€396,540 | +15.5% |
| Provisions and deferred taxes | 16 | €269,945 | €388,993 | +€119,047 | +44.1% |
| Provisions for liabilities and charges | 160/5 | €269,945 | €388,993 | +€119,047 | +44.1% |
| Environmental obligations | 163 | €269,945 | €388,993 | +€119,047 | +44.1% |
| Amounts payable | 17/49 | €29,556,149 | €26,090,998 | -€3.5m | -11.7% |
| Amounts payable after more than one year | 17 | €24,676,416 | €21,467,560 | -€3.2m | -13.0% |
| Financial debts | 170/4 | €24,676,416 | €21,467,560 | -€3.2m | -13.0% |
| Unsubordinated bonds | 171 | €295,500 | €295,500 | = | 0.0% |
| Other loans | 174 | €24,380,916 | €21,172,060 | -€3.2m | -13.2% |
| Amounts payable within one year | 42/48 | €4,864,604 | €4,610,444 | -€254,160 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €3,085,438 | €3,208,856 | +€123,418 | +4.0% |
| Trade debts | 44 | €279,166 | €96,271 | -€182,895 | -65.5% |
| Suppliers | 440/4 | €279,166 | €96,271 | -€182,895 | -65.5% |
| Taxes, remuneration and social security | 45 | - | €305,317 | +€305,317 | |
| Taxes | 450/3 | - | €305,317 | +€305,317 | |
| Other amounts payable | 47/48 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €15,130 | €12,994 | -€2,135 | -14.1% |
| Operating income | 70/76A | €7,286,482 | €7,638,140 | +€351,658 | +4.8% |
| Turnover | 70 | €6,791,515 | €7,405,873 | +€614,358 | +9.0% |
| Other operating income | 74 | €490,906 | €232,267 | -€258,639 | -52.7% |
| Non-recurring operating income | 76A | €4,061 | - | -€4,061 | |
| Operating charges | 60/66A | €5,008,286 | €4,806,886 | -€201,400 | -4.0% |
| Services and other goods | 61 | €1,419,972 | €1,459,191 | +€39,219 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,070,179 | €3,113,244 | +€43,065 | +1.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €119,047 | €119,047 | = | 0.0% |
| Other operating charges | 640/8 | €399,087 | €115,404 | -€283,683 | -71.1% |
| Operating profit (loss) | 9901 | €2,278,196 | €2,831,254 | +€553,058 | +24.3% |
| Financial charges | 65/66B | €1,165,609 | €1,045,899 | -€119,710 | -10.3% |
| Recurring financial charges | 65 | €1,165,609 | €1,045,899 | -€119,710 | -10.3% |
| Debt charges | 650 | €1,165,609 | €1,045,629 | -€119,980 | -10.3% |
| Other financial charges | 652/9 | - | €270 | +€270 | |
| Profit (loss) for the period before taxes | 9903 | €1,112,588 | €1,785,355 | +€672,767 | +60.5% |
| Income taxes | 67/77 | - | €308,815 | +€308,815 | |
| Taxes | 670/3 | - | €308,815 | +€308,815 | |
| Profit (loss) for the period | 9904 | €1,112,588 | €1,476,540 | +€363,952 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,112,588 | €1,476,540 | +€363,952 | +32.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.