SIRPA: 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.
SIRPA
Largest movements
- Receivables after one year -€147,345
down €147,345 (-10.2%), from €1.5m to €1.3m
of which Trade receivables: -€166,527
- Cash +€100,678
up €100,678 (+53,896%), from €187 to €100,865
mainly Receivables after one year (+€147,345) and Trade debts (+€126,461)
- Receivables within one year +€45,677
up €45,677 (+10.2%), from €448,293 to €493,970
of which Other amounts receivable: +€98,236
- Deferred charges and accrued income -€30,210
down €30,210 (-17.5%), from €172,809 to €142,599
- Debts after one year -€210,720
down €210,720 (-13.5%), from €1.6m to €1.3m
- Trade debts +€126,461
up €126,461 (+74.5%), from €169,763 to €296,224
- Other debts +€85,167
up €85,167 (+13,302%), from €640 to €85,807
- Accrued charges and deferred income -€79,325
down €79,325 (-54.1%), from €146,582 to €67,257
- Profit (loss) carried forward +€23,785
up €23,785 (+50.2%), from €47,410 to €71,195
- Gross operating margin +€159,584
up €159,584 (+60.3%), from €264,742 to €424,326
- Financial charges +€117,669
up €117,669 (+365%), from €32,275 to €149,945
- Financial income -€42,771
down €42,771 (-70.1%), from €61,057 to €18,286
- Provisions +€25,000
no longer reported in 2024 (was -€25,000)
- Write-downs -€15,000
down €15,000 (-14.3%), from €105,000 to €90,000
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 | €2,120,181 | €2,076,396 | -€43,785 | -2.1% |
| Fixed assets | 21/28 | €47,724 | €35,138 | -€12,586 | -26.4% |
| Tangible fixed assets | 22/27 | €27,674 | €15,088 | -€12,586 | -45.5% |
| Furniture and vehicles | 24 | €15,696 | €5,842 | -€9,854 | -62.8% |
| Other tangible fixed assets | 26 | €11,978 | €9,246 | -€2,732 | -22.8% |
| Financial fixed assets | 28 | €20,050 | €20,050 | = | 0.0% |
| Current assets | 29/58 | €2,072,458 | €2,041,258 | -€31,200 | -1.5% |
| Amounts receivable after more than one year | 29 | €1,451,169 | €1,303,824 | -€147,345 | -10.2% |
| Trade receivables | 290 | €1,074,978 | €908,451 | -€166,527 | -15.5% |
| Other amounts receivable | 291 | €376,191 | €395,373 | +€19,182 | +5.1% |
| Amounts receivable within one year | 40/41 | €448,293 | €493,970 | +€45,677 | +10.2% |
| Trade receivables | 40 | €368,004 | €315,446 | -€52,559 | -14.3% |
| Other amounts receivable | 41 | €80,289 | €178,524 | +€98,236 | +122% |
| Cash at bank and in hand | 54/58 | €187 | €100,865 | +€100,678 | +53,896% |
| Deferred charges and accrued income | 490/1 | €172,809 | €142,599 | -€30,210 | -17.5% |
| Total equity and liabilities | 10/49 | €2,120,181 | €2,076,396 | -€43,785 | -2.1% |
| Equity | 10/15 | €67,870 | €91,655 | +€23,785 | +35.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,410 | €71,195 | +€23,785 | +50.2% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €125,000 | €125,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €125,000 | €125,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,927,311 | €1,859,741 | -€67,570 | -3.5% |
| Amounts payable after more than one year | 17 | €1,555,720 | €1,345,000 | -€210,720 | -13.5% |
| Other amounts payable | 178/9 | €1,555,720 | €1,345,000 | -€210,720 | -13.5% |
| Amounts payable within one year | 42/48 | €225,010 | €447,485 | +€222,475 | +98.9% |
| Financial debts | 43 | - | €12,764 | +€12,764 | |
| Other loans | 439 | - | €12,764 | +€12,764 | |
| Trade debts | 44 | €169,763 | €296,224 | +€126,461 | +74.5% |
| Suppliers | 440/4 | €169,763 | €296,224 | +€126,461 | +74.5% |
| Taxes, remuneration and social security | 45 | €54,606 | €52,689 | -€1,917 | -3.5% |
| Taxes | 450/3 | €25,295 | €21,624 | -€3,671 | -14.5% |
| Remuneration and social security | 454/9 | €29,311 | €31,066 | +€1,754 | +6.0% |
| Other amounts payable | 47/48 | €640 | €85,807 | +€85,167 | +13,302% |
| Accrued charges and deferred income | 492/3 | €146,582 | €67,257 | -€79,325 | -54.1% |
| Non-recurring operating income | 76A | €190,000 | €200,000 | +€10,000 | +5.3% |
| Remuneration, social security and pensions | 62 | €109,328 | €110,385 | +€1,057 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €7,013 | -€4,135 | -37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €105,000 | €90,000 | -€15,000 | -14.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,000 | - | +€25,000 | |
| Other operating charges | 640/8 | €26,427 | €13,472 | -€12,956 | -49.0% |
| Non-recurring operating charges | 66A | - | €31,195 | +€31,195 | |
| Gross operating margin | 9900 | €264,742 | €424,326 | +€159,584 | +60.3% |
| Operating profit (loss) | 9901 | €37,839 | €172,262 | +€134,423 | +355% |
| Financial income | 75/76B | €61,057 | €18,286 | -€42,771 | -70.1% |
| Recurring financial income | 75 | €61,057 | €18,286 | -€42,771 | -70.1% |
| Financial charges | 65/66B | €32,275 | €149,945 | +€117,669 | +365% |
| Recurring financial charges | 65 | €32,275 | €149,945 | +€117,669 | +365% |
| Profit (loss) for the period before taxes | 9903 | €66,621 | €40,603 | -€26,018 | -39.1% |
| Income taxes | 67/77 | €20,374 | €16,819 | -€3,555 | -17.4% |
| Profit (loss) for the period | 9904 | €46,248 | €23,785 | -€22,463 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,248 | €23,785 | -€22,463 | -48.6% |
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 17 October 2026 via checked.be.