SIROLF: 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.
SIROLF
Largest movements
- Tangible fixed assets +€135,075
up €135,075 (+158.8%), from €85,040 to €220,115
of which Land and buildings: +€118,887
- Cash -€42,293
down €42,293 (-91.6%), from €46,197 to €3,904
mainly Investment in fixed assets (net) (-€149,690) and Advances received (-€40,992)
- Receivables within one year +€30,066
up €30,066 (+395.9%), from €7,595 to €37,661
of which Other amounts receivable: +€29,214
- Intangible fixed assets -€19,806
down €19,806 (-12.1%), from €163,437 to €143,631
- Reserves +€90,797
up €90,797 (+5784.4%), from €1,570 to €92,366
- Debts after one year +€47,605
up €47,605 (+30.4%), from €156,601 to €204,206
- Advances received -€40,992
down €40,992 (-99.8%), from €41,055 to €63
- Other debts -€33,068
down €33,068 (-100.0%), from €33,068 to €0
- Current portion of long-term debt +€19,223
up €19,223 (+39.6%), from €48,596 to €67,820
- Gross operating margin +€136,545
up €136,545 (+133.4%), from €102,380 to €238,924
- Taxes +€24,941
up €24,941 (+790.7%), from €3,154 to €28,095
- Depreciation +€12,100
up €12,100 (+54.2%), from €22,320 to €34,420
- Staff costs +€6,412
up €6,412 (+10.1%), from €63,476 to €69,888
- Financial charges +€3,230
up €3,230 (+29.3%), from €11,013 to €14,243
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 | €345,930 | €449,906 | +€103,977 | +30.1% |
| Fixed assets | 21/28 | €249,677 | €364,946 | +€115,270 | +46.2% |
| Intangible fixed assets | 21 | €163,437 | €143,631 | -€19,806 | -12.1% |
| Tangible fixed assets | 22/27 | €85,040 | €220,115 | +€135,075 | +158.8% |
| Land and buildings | 22 | €76,882 | €195,769 | +€118,887 | +154.6% |
| Plant, machinery and equipment | 23 | €5,858 | €19,766 | +€13,908 | +237.4% |
| Furniture and vehicles | 24 | €2,300 | €4,580 | +€2,280 | +99.1% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €96,253 | €84,960 | -€11,293 | -11.7% |
| Stocks and contracts in progress | 3 | €22,087 | €24,823 | +€2,736 | +12.4% |
| Stocks | 30/36 | €22,087 | €24,823 | +€2,736 | +12.4% |
| Amounts receivable within one year | 40/41 | €7,595 | €37,661 | +€30,066 | +395.9% |
| Trade receivables | 40 | €5,653 | €6,505 | +€852 | +15.1% |
| Other amounts receivable | 41 | €1,942 | €31,156 | +€29,214 | +1504.7% |
| Cash at bank and in hand | 54/58 | €46,197 | €3,904 | -€42,293 | -91.6% |
| Deferred charges and accrued income | 490/1 | €20,375 | €18,573 | -€1,802 | -8.8% |
| Total equity and liabilities | 10/49 | €345,930 | €449,906 | +€103,977 | +30.1% |
| Equity | 10/15 | €4,570 | €95,366 | +€90,797 | +1986.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,570 | €92,366 | +€90,797 | +5784.4% |
| Distributable reserves | 133 | €1,570 | €92,366 | +€90,797 | +5784.4% |
| Amounts payable | 17/49 | €341,360 | €354,540 | +€13,180 | +3.9% |
| Amounts payable after more than one year | 17 | €156,601 | €204,206 | +€47,605 | +30.4% |
| Financial debts | 170/4 | €156,601 | €204,206 | +€47,605 | +30.4% |
| Amounts payable within one year | 42/48 | €177,934 | €148,270 | -€29,664 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €48,596 | €67,820 | +€19,223 | +39.6% |
| Financial debts | 43 | - | €11,911 | +€11,911 | |
| Credit institutions | 430/8 | - | €11,911 | +€11,911 | |
| Trade debts | 44 | €27,129 | €22,750 | -€4,379 | -16.1% |
| Suppliers | 440/4 | €27,129 | €22,750 | -€4,379 | -16.1% |
| Advances received on contracts in progress | 46 | €41,055 | €63 | -€40,992 | -99.8% |
| Taxes, remuneration and social security | 45 | €28,085 | €45,726 | +€17,641 | +62.8% |
| Taxes | 450/3 | €13,944 | €33,651 | +€19,707 | +141.3% |
| Remuneration and social security | 454/9 | €14,141 | €12,076 | -€2,066 | -14.6% |
| Other amounts payable | 47/48 | €33,068 | €0 | -€33,068 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,825 | €2,064 | -€4,761 | -69.8% |
| Remuneration, social security and pensions | 62 | €63,476 | €69,888 | +€6,412 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,320 | €34,420 | +€12,100 | +54.2% |
| Other operating charges | 640/8 | €1,520 | €1,830 | +€310 | +20.4% |
| Gross operating margin | 9900 | €102,380 | €238,924 | +€136,545 | +133.4% |
| Operating profit (loss) | 9901 | €15,065 | €132,786 | +€117,722 | +781.5% |
| Financial income | 75/76B | €672 | €348 | -€324 | -48.2% |
| Recurring financial income | 75 | €672 | €348 | -€324 | -48.2% |
| Financial charges | 65/66B | €11,013 | €14,243 | +€3,230 | +29.3% |
| Recurring financial charges | 65 | €11,013 | €14,243 | +€3,230 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €118,892 | +€114,168 | +2416.7% |
| Income taxes | 67/77 | €3,154 | €28,095 | +€24,941 | +790.7% |
| Profit (loss) for the period | 9904 | €1,570 | €90,797 | +€89,227 | +5684.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,570 | €90,797 | +€89,227 | +5684.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.