SIRTA: 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.
SIRTA
Largest movements
- Financial fixed assets -€761,000
down €761,000 (-52.2%), from €1.5m to €697,955
- Cash +€516,833
up €516,833 (+59.3%), from €871,213 to €1.4m
mainly Investment in fixed assets (net) (+€748,751) and Net result for the year (+€211,148)
- Contributions -€500,000
down €500,000 (-30.8%), from €1.6m to €1.1m
- Reserves +€200,000
up €200,000 (+57.1%), from €350,000 to €550,000
- Financial income +€230,837
up €230,837 (+1,042%), from €22,143 to €252,980
of which Non-recurring financial income: +€226,000
- Taxes +€24,842
up €24,842 (+1,873%), from €1,326 to €26,168
- Gross operating margin -€23,492
down €23,492, from €10,824 to -€12,668
- Staff costs -€7,085
no longer reported in 2025 (was €7,085)
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 | €2,828,136 | €2,566,844 | -€261,292 | -9.2% |
| Fixed assets | 21/28 | €1,458,956 | €708,980 | -€749,976 | -51.4% |
| Tangible fixed assets | 22/27 | €1 | €11,025 | +€11,024 | +1,102,400% |
| Furniture and vehicles | 24 | €1 | €11,025 | +€11,024 | +1,102,400% |
| Financial fixed assets | 28 | €1,458,955 | €697,955 | -€761,000 | -52.2% |
| Current assets | 29/58 | €1,369,180 | €1,857,864 | +€488,684 | +35.7% |
| Amounts receivable within one year | 40/41 | €492,867 | €468,777 | -€24,090 | -4.9% |
| Trade receivables | 40 | €23,104 | - | -€23,104 | |
| Other amounts receivable | 41 | €469,763 | €468,777 | -€986 | -0.2% |
| Cash at bank and in hand | 54/58 | €871,213 | €1,388,046 | +€516,833 | +59.3% |
| Deferred charges and accrued income | 490/1 | €5,100 | €1,041 | -€4,059 | -79.6% |
| Total equity and liabilities | 10/49 | €2,828,136 | €2,566,844 | -€261,292 | -9.2% |
| Equity | 10/15 | €2,059,544 | €1,770,692 | -€288,852 | -14.0% |
| Contributions | 10/11 | €1,625,000 | €1,125,000 | -€500,000 | -30.8% |
| Reserves | 13 | €350,000 | €550,000 | +€200,000 | +57.1% |
| Distributable reserves | 133 | €350,000 | €550,000 | +€200,000 | +57.1% |
| Profit (loss) carried forward | 14 | €84,544 | €95,692 | +€11,148 | +13.2% |
| Amounts payable | 17/49 | €768,592 | €796,152 | +€27,560 | +3.6% |
| Amounts payable within one year | 42/48 | €767,471 | €796,152 | +€28,681 | +3.7% |
| Trade debts | 44 | €41,584 | €50,552 | +€8,968 | +21.6% |
| Suppliers | 440/4 | €41,584 | €50,552 | +€8,968 | +21.6% |
| Taxes, remuneration and social security | 45 | €24,777 | €20,000 | -€4,777 | -19.3% |
| Taxes | 450/3 | €24,711 | €20,000 | -€4,711 | -19.1% |
| Remuneration and social security | 454/9 | €66 | - | -€66 | |
| Other amounts payable | 47/48 | €701,110 | €725,600 | +€24,490 | +3.5% |
| Accrued charges and deferred income | 492/3 | €1,121 | - | -€1,121 | |
| Remuneration, social security and pensions | 62 | €7,085 | - | -€7,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,198 | €1,225 | +€27 | +2.3% |
| Other operating charges | 640/8 | €1,356 | €1,398 | +€42 | +3.1% |
| Gross operating margin | 9900 | €10,824 | -€12,668 | -€23,492 | |
| Operating profit (loss) | 9901 | €1,185 | -€15,291 | -€16,476 | |
| Financial income | 75/76B | €22,143 | €252,980 | +€230,837 | +1,042% |
| Recurring financial income | 75 | €22,143 | €26,980 | +€4,837 | +21.8% |
| Non-recurring financial income | 76B | - | €226,000 | +€226,000 | |
| Financial charges | 65/66B | €385 | €373 | -€12 | -3.1% |
| Recurring financial charges | 65 | €385 | €373 | -€12 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €22,943 | €237,316 | +€214,373 | +934% |
| Income taxes | 67/77 | €1,326 | €26,168 | +€24,842 | +1,873% |
| Profit (loss) for the period | 9904 | €21,617 | €211,148 | +€189,531 | +877% |
| Profit (loss) for the period to be appropriated | 9905 | €21,617 | €211,148 | +€189,531 | +877% |
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 22 October 2026 via checked.be.