SIROJ: 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.
SIROJ
Largest movements
- Deferred charges and accrued income -€45,000
down €45,000 (-75.0%), from €60,000 to €15,000
- Receivables within one year +€17,547
up €17,547 (+43.1%), from €40,710 to €58,258
of which Trade receivables: +€17,500
- Cash -€8,124
down €8,124 (-58.2%), from €13,956 to €5,833
mainly Debts after one year (-€18,900) and Receivables within one year (-€17,547)
- Tangible fixed assets -€4,460
down €4,460 (-3.9%), from €115,096 to €110,636
of which Furniture and vehicles: -€2,839
- Debts after one year -€18,900
down €18,900 (-40.0%), from €47,250 to €28,350
- Reserves -€14,099
down €14,099 (-16.5%), from €85,340 to €71,241
- Other debts -€4,708
down €4,708 (-8.0%), from €59,208 to €54,500
- Trade debts -€3,367
down €3,367 (-80.7%), from €4,174 to €807
- Gross operating margin -€5,904
down €5,904 (-31.9%), from €18,481 to €12,578
- Taxes -€2,277
down €2,277 (-65.8%), from €3,461 to €1,184
- Other operating charges -€753
down €753 (-26.8%), from €2,803 to €2,050
- Financial charges +€288
up €288 (+12.5%), from €2,312 to €2,600
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 | €241,763 | €201,726 | -€40,037 | -16.6% |
| Fixed assets | 21/28 | €127,096 | €122,636 | -€4,460 | -3.5% |
| Tangible fixed assets | 22/27 | €115,096 | €110,636 | -€4,460 | -3.9% |
| Plant, machinery and equipment | 23 | €11,225 | €9,604 | -€1,621 | -14.4% |
| Furniture and vehicles | 24 | €103,871 | €101,032 | -€2,839 | -2.7% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €114,666 | €79,090 | -€35,576 | -31.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,710 | €58,258 | +€17,547 | +43.1% |
| Trade receivables | 40 | €0 | €17,500 | +€17,500 | |
| Other amounts receivable | 41 | €40,710 | €40,758 | +€47 | +0.1% |
| Cash at bank and in hand | 54/58 | €13,956 | €5,833 | -€8,124 | -58.2% |
| Deferred charges and accrued income | 490/1 | €60,000 | €15,000 | -€45,000 | -75.0% |
| Total equity and liabilities | 10/49 | €241,763 | €201,726 | -€40,037 | -16.6% |
| Equity | 10/15 | €105,340 | €91,241 | -€14,099 | -13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €85,340 | €71,241 | -€14,099 | -16.5% |
| Distributable reserves | 133 | €85,340 | €71,241 | -€14,099 | -16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €136,423 | €110,485 | -€25,938 | -19.0% |
| Amounts payable after more than one year | 17 | €47,250 | €28,350 | -€18,900 | -40.0% |
| Financial debts | 170/4 | €47,250 | €28,350 | -€18,900 | -40.0% |
| Amounts payable within one year | 42/48 | €89,173 | €82,135 | -€7,038 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €18,900 | €18,900 | = | 0.0% |
| Financial debts | 43 | €243 | €180 | -€63 | -25.9% |
| Credit institutions | 430/8 | €243 | €180 | -€63 | -25.9% |
| Trade debts | 44 | €4,174 | €807 | -€3,367 | -80.7% |
| Suppliers | 440/4 | €4,174 | €807 | -€3,367 | -80.7% |
| Taxes, remuneration and social security | 45 | €6,648 | €7,748 | +€1,100 | +16.5% |
| Taxes | 450/3 | €6,648 | €7,748 | +€1,100 | +16.5% |
| Other amounts payable | 47/48 | €59,208 | €54,500 | -€4,708 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,475 | €6,348 | -€127 | -2.0% |
| Other operating charges | 640/8 | €2,803 | €2,050 | -€753 | -26.8% |
| Gross operating margin | 9900 | €18,481 | €12,578 | -€5,904 | -31.9% |
| Operating profit (loss) | 9901 | €9,204 | €4,180 | -€5,024 | -54.6% |
| Financial income | 75/76B | €22 | €5 | -€17 | -75.3% |
| Recurring financial income | 75 | €22 | €5 | -€17 | -75.3% |
| Financial charges | 65/66B | €2,312 | €2,600 | +€288 | +12.5% |
| Recurring financial charges | 65 | €2,312 | €2,600 | +€288 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €6,914 | €1,586 | -€5,329 | -77.1% |
| Income taxes | 67/77 | €3,461 | €1,184 | -€2,277 | -65.8% |
| Profit (loss) for the period | 9904 | €3,453 | €401 | -€3,052 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,453 | €401 | -€3,052 | -88.4% |
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 8 October 2026 via checked.be.