SIROL CONSULT: 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.
SIROL CONSULT
Largest movements
- Tangible fixed assets +€921,807
up €921,807 (+48.3%), from €1.9m to €2.8m
of which Land and buildings: +€1.2m
- Cash -€453,109
down €453,109 (-42.4%), from €1.1m to €616,740
mainly Investment in fixed assets (net) (-€1.2m) and Tax, wage and social debts (-€131,893)
- Stocks and contracts -€99,069
down €99,069 (-49.7%), from €199,513 to €100,444
- Reserves +€1.4m
up €1.4m (+81.1%), from €1.7m to €3.1m
of which Distributable reserves: +€1.4m
- Profit (loss) carried forward -€1.1m
no longer reported in 2024 (was €1.1m)
- Trade debts +€320,144
up €320,144 (+538%), from €59,528 to €379,672
- Tax, wage and social debts -€131,893
down €131,893 (-68.6%), from €192,159 to €60,266
of which Taxes: -€132,494
- Debts after one year -€84,397
down €84,397 (-8.1%), from €1.0m to €954,993
- Depreciation +€102,044
up €102,044 (+58.6%), from €174,266 to €276,310
- Taxes -€90,216
down €90,216 (-50.2%), from €179,890 to €89,674
- Other operating charges +€26,045
up €26,045 (+309%), from €8,431 to €34,475
- Gross operating margin +€25,519
up €25,519 (+3.8%), from €672,851 to €698,370
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.
Derived cash bridge
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 | €4,260,934 | €4,634,255 | +€373,320 | +8.8% |
| Fixed assets | 21/28 | €1,920,012 | €2,841,879 | +€921,867 | +48.0% |
| Tangible fixed assets | 22/27 | €1,907,512 | €2,829,319 | +€921,807 | +48.3% |
| Land and buildings | 22 | €1,634,617 | €2,814,996 | +€1.2m | +72.2% |
| Furniture and vehicles | 24 | €1,218 | €10,272 | +€9,054 | +743% |
| Other tangible fixed assets | 26 | - | €4,051 | +€4,051 | |
| Assets under construction and advance payments | 27 | €271,678 | - | -€271,678 | |
| Financial fixed assets | 28 | €12,500 | €12,560 | +€60 | +0.5% |
| Current assets | 29/58 | €2,340,922 | €1,792,376 | -€548,546 | -23.4% |
| Stocks and contracts in progress | 3 | €199,513 | €100,444 | -€99,069 | -49.7% |
| Stocks | 30/36 | €199,513 | €100,444 | -€99,069 | -49.7% |
| Amounts receivable within one year | 40/41 | €1,071,478 | €1,070,615 | -€863 | -0.1% |
| Trade receivables | 40 | €999,108 | €986,055 | -€13,053 | -1.3% |
| Other amounts receivable | 41 | €72,371 | €84,560 | +€12,190 | +16.8% |
| Cash at bank and in hand | 54/58 | €1,069,849 | €616,740 | -€453,109 | -42.4% |
| Deferred charges and accrued income | 490/1 | €82 | €4,576 | +€4,495 | +5,493% |
| Total equity and liabilities | 10/49 | €4,260,934 | €4,634,255 | +€373,320 | +8.8% |
| Equity | 10/15 | €2,842,720 | €3,082,139 | +€239,419 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,698,255 | €3,075,939 | +€1.4m | +81.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,696,395 | €3,074,079 | +€1.4m | +81.2% |
| Profit (loss) carried forward | 14 | €1,138,265 | - | -€1.1m | |
| Amounts payable | 17/49 | €1,418,214 | €1,552,116 | +€133,902 | +9.4% |
| Amounts payable after more than one year | 17 | €1,039,391 | €954,993 | -€84,397 | -8.1% |
| Financial debts | 170/4 | €1,039,391 | €954,993 | -€84,397 | -8.1% |
| Amounts payable within one year | 42/48 | €378,824 | €587,909 | +€209,085 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €83,402 | €84,397 | +€996 | +1.2% |
| Trade debts | 44 | €59,528 | €379,672 | +€320,144 | +538% |
| Suppliers | 440/4 | €59,528 | €379,672 | +€320,144 | +538% |
| Taxes, remuneration and social security | 45 | €192,159 | €60,266 | -€131,893 | -68.6% |
| Taxes | 450/3 | €176,376 | €43,882 | -€132,494 | -75.1% |
| Remuneration and social security | 454/9 | €15,783 | €16,384 | +€601 | +3.8% |
| Other amounts payable | 47/48 | €43,735 | €63,573 | +€19,839 | +45.4% |
| Accrued charges and deferred income | 492/3 | €0 | €9,214 | +€9,214 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €50,175 | €48,366 | -€1,809 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,266 | €276,310 | +€102,044 | +58.6% |
| Other operating charges | 640/8 | €8,431 | €34,475 | +€26,045 | +309% |
| Gross operating margin | 9900 | €672,851 | €698,370 | +€25,519 | +3.8% |
| Operating profit (loss) | 9901 | €439,978 | €339,218 | -€100,760 | -22.9% |
| Financial income | 75/76B | €5,071 | €6,250 | +€1,179 | +23.3% |
| Recurring financial income | 75 | €5,071 | €6,250 | +€1,179 | +23.3% |
| Financial charges | 65/66B | €15,646 | €16,375 | +€729 | +4.7% |
| Recurring financial charges | 65 | €15,646 | €16,375 | +€729 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €429,403 | €329,093 | -€100,310 | -23.4% |
| Income taxes | 67/77 | €179,890 | €89,674 | -€90,216 | -50.2% |
| Profit (loss) for the period | 9904 | €249,513 | €239,419 | -€10,094 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €249,513 | €239,419 | -€10,094 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.