SIROCO - SOL: 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.
SIROCO - SOL
Largest movements
- Cash +€1.0m
up €1.0m (+4,719%), from €21,557 to €1.0m
mainly Net result for the year (+€812,019) and Receivables after one year (+€472,418)
- Receivables after one year -€472,418
down €472,418 (-64.5%), from €732,418 to €260,000
- Receivables within one year -€214,613
down €214,613 (-19.2%), from €1.1m to €903,032
of which Other amounts receivable: -€216,791
- Tangible fixed assets -€101,861
down €101,861 (-5.3%), from €1.9m to €1.8m
of which Land and buildings: -€92,051
- Reserves +€812,019
up €812,019 (+77.4%), from €1.0m to €1.9m
of which Tax-exempt reserves: +€871,954
- Other debts -€787,444
down €787,444 (-88.5%), from €890,116 to €102,672
- Provisions +€290,651
up €290,651 (+100.0%), from €290,770 to €581,421
- Debts after one year -€94,381
down €94,381 (-10.6%), from €888,309 to €793,928
- Gross operating margin +€1.2m
up €1.2m, from -€100,181 to €1.1m
- Taxes -€311,531
no longer reported in 2025 (was €311,531)
- Financial income +€38,398
up €38,398 (+38.9%), from €98,613 to €137,011
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 | €3,801,159 | €4,029,510 | +€228,351 | +6.0% |
| Fixed assets | 21/28 | €1,928,642 | €1,826,781 | -€101,861 | -5.3% |
| Tangible fixed assets | 22/27 | €1,928,642 | €1,826,781 | -€101,861 | -5.3% |
| Land and buildings | 22 | €1,918,832 | €1,826,781 | -€92,051 | -4.8% |
| Plant, machinery and equipment | 23 | €9,810 | - | -€9,810 | |
| Current assets | 29/58 | €1,872,518 | €2,202,729 | +€330,212 | +17.6% |
| Amounts receivable after more than one year | 29 | €732,418 | €260,000 | -€472,418 | -64.5% |
| Other amounts receivable | 291 | €732,418 | €260,000 | -€472,418 | -64.5% |
| Amounts receivable within one year | 40/41 | €1,117,645 | €903,032 | -€214,613 | -19.2% |
| Trade receivables | 40 | - | €2,178 | +€2,178 | |
| Other amounts receivable | 41 | €1,117,645 | €900,854 | -€216,791 | -19.4% |
| Cash at bank and in hand | 54/58 | €21,557 | €1,038,766 | +€1.0m | +4,719% |
| Deferred charges and accrued income | 490/1 | €898 | €931 | +€34 | +3.7% |
| Total equity and liabilities | 10/49 | €3,801,159 | €4,029,510 | +€228,351 | +6.0% |
| Equity | 10/15 | €1,298,590 | €2,110,609 | +€812,019 | +62.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,048,590 | €1,860,609 | +€812,019 | +77.4% |
| Tax-exempt reserves | 132 | €872,309 | €1,744,264 | +€871,954 | +100.0% |
| Distributable reserves | 133 | €176,281 | €116,346 | -€59,935 | -34.0% |
| Provisions and deferred taxes | 16 | €290,770 | €581,421 | +€290,651 | +100.0% |
| Deferred taxes | 168 | €290,770 | €581,421 | +€290,651 | +100.0% |
| Amounts payable | 17/49 | €2,211,799 | €1,337,480 | -€874,319 | -39.5% |
| Amounts payable after more than one year | 17 | €888,309 | €793,928 | -€94,381 | -10.6% |
| Financial debts | 170/4 | €888,309 | €793,928 | -€94,381 | -10.6% |
| Amounts payable within one year | 42/48 | €1,321,497 | €541,511 | -€779,986 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €92,957 | €94,381 | +€1,424 | +1.5% |
| Trade debts | 44 | €26,511 | €31,326 | +€4,815 | +18.2% |
| Suppliers | 440/4 | €26,511 | €31,326 | +€4,815 | +18.2% |
| Taxes, remuneration and social security | 45 | €311,914 | €313,133 | +€1,219 | +0.4% |
| Taxes | 450/3 | €311,914 | €313,133 | +€1,219 | +0.4% |
| Other amounts payable | 47/48 | €890,116 | €102,672 | -€787,444 | -88.5% |
| Accrued charges and deferred income | 492/3 | €1,993 | €2,040 | +€47 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,617 | €102,893 | +€4,276 | +4.3% |
| Other operating charges | 640/8 | €22,960 | €25,023 | +€2,063 | +9.0% |
| Gross operating margin | 9900 | -€100,181 | €1,123,156 | +€1.2m | |
| Operating profit (loss) | 9901 | -€221,758 | €995,240 | +€1.2m | |
| Financial income | 75/76B | €98,613 | €137,011 | +€38,398 | +38.9% |
| Recurring financial income | 75 | €98,613 | €137,011 | +€38,398 | +38.9% |
| Financial charges | 65/66B | €18,871 | €29,581 | +€10,710 | +56.8% |
| Recurring financial charges | 65 | €18,871 | €29,581 | +€10,710 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€142,015 | €1,102,670 | +€1.2m | |
| Transfer from deferred taxes | 780 | €328,617 | €19,811 | -€308,805 | -94.0% |
| Transfer to deferred taxes | 680 | - | €310,463 | +€310,463 | |
| Income taxes | 67/77 | €311,531 | - | -€311,531 | |
| Profit (loss) for the period | 9904 | -€124,930 | €812,019 | +€936,949 | |
| Transfer from tax-exempt reserves | 789 | €985,850 | €59,434 | -€926,416 | -94.0% |
| Transfer to tax-exempt reserves | 689 | - | €931,388 | +€931,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €860,920 | -€59,935 | -€920,855 |
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 19 October 2026 via checked.be.