SIRTAKI: 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.
SIRTAKI
Largest movements
- Cash +€92,219
up €92,219 (+22.4%), from €411,204 to €503,423
mainly Net result for the year (+€125,645) and Depreciation (+€93,349)
- Receivables after one year +€45,035
up €45,035 (+11.1%), from €406,464 to €451,498
- Tangible fixed assets -€39,941
down €39,941 (-8.1%), from €493,386 to €453,445
of which Land and buildings: -€32,417
- Reserves +€120,000
up €120,000 (+13.6%), from €884,873 to €1.0m
of which Distributable reserves: +€120,000
- Debts after one year -€28,061
down €28,061 (-12.3%), from €228,617 to €200,556
- Trade debts -€16,853
down €16,853 (-68.1%), from €24,729 to €7,876
- Advances received +€15,125
up €15,125 (+243%), from €6,214 to €21,339
- Gross operating margin +€31,237
up €31,237 (+8.7%), from €358,301 to €389,538
- Depreciation +€18,098
up €18,098 (+24.1%), from €75,251 to €93,349
- Financial income +€12,505
up €12,505 (+121%), from €10,368 to €22,872
of which Non-recurring financial income: +€12,534
- Financial charges -€9,554
down €9,554 (-52.6%), from €18,150 to €8,596
of which Non-recurring financial charges: -€8,957
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 | €1,353,521 | €1,448,164 | +€94,643 | +7.0% |
| Fixed assets | 21/28 | €493,386 | €453,445 | -€39,941 | -8.1% |
| Tangible fixed assets | 22/27 | €493,386 | €453,445 | -€39,941 | -8.1% |
| Land and buildings | 22 | €469,401 | €436,983 | -€32,417 | -6.9% |
| Plant, machinery and equipment | 23 | €2,266 | €1,307 | -€959 | -42.3% |
| Furniture and vehicles | 24 | €21,720 | €15,154 | -€6,565 | -30.2% |
| Current assets | 29/58 | €860,134 | €994,719 | +€134,584 | +15.6% |
| Amounts receivable after more than one year | 29 | €406,464 | €451,498 | +€45,035 | +11.1% |
| Other amounts receivable | 291 | €406,464 | €451,498 | +€45,035 | +11.1% |
| Stocks and contracts in progress | 3 | €2,525 | €2,235 | -€290 | -11.5% |
| Stocks | 30/36 | €2,525 | €2,235 | -€290 | -11.5% |
| Amounts receivable within one year | 40/41 | €33,287 | €26,996 | -€6,291 | -18.9% |
| Trade receivables | 40 | €21,287 | €20,996 | -€291 | -1.4% |
| Other amounts receivable | 41 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €411,204 | €503,423 | +€92,219 | +22.4% |
| Deferred charges and accrued income | 490/1 | €6,655 | €10,567 | +€3,912 | +58.8% |
| Total equity and liabilities | 10/49 | €1,353,521 | €1,448,164 | +€94,643 | +7.0% |
| Equity | 10/15 | €959,839 | €1,085,483 | +€125,645 | +13.1% |
| Contributions | 10/11 | €68,643 | €68,643 | = | 0.0% |
| Contributions outside capital | 11 | €68,643 | €68,643 | = | 0.0% |
| Other | 1109/19 | €68,643 | €68,643 | = | 0.0% |
| Reserves | 13 | €884,873 | €1,004,873 | +€120,000 | +13.6% |
| Tax-exempt reserves | 132 | €144,873 | €144,873 | = | 0.0% |
| Distributable reserves | 133 | €740,000 | €860,000 | +€120,000 | +16.2% |
| Profit (loss) carried forward | 14 | €6,323 | €11,968 | +€5,645 | +89.3% |
| Provisions and deferred taxes | 16 | €26,500 | €26,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,500 | €26,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €21,500 | €21,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €367,182 | €336,180 | -€31,002 | -8.4% |
| Amounts payable after more than one year | 17 | €228,617 | €200,556 | -€28,061 | -12.3% |
| Financial debts | 170/4 | €228,617 | €200,556 | -€28,061 | -12.3% |
| Amounts payable within one year | 42/48 | €126,565 | €123,624 | -€2,941 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €27,476 | €28,061 | +€584 | +2.1% |
| Trade debts | 44 | €24,729 | €7,876 | -€16,853 | -68.1% |
| Suppliers | 440/4 | €24,729 | €7,876 | -€16,853 | -68.1% |
| Advances received on contracts in progress | 46 | €6,214 | €21,339 | +€15,125 | +243% |
| Taxes, remuneration and social security | 45 | €68,146 | €66,348 | -€1,798 | -2.6% |
| Taxes | 450/3 | €5,471 | €463 | -€5,008 | -91.5% |
| Remuneration and social security | 454/9 | €62,675 | €65,885 | +€3,211 | +5.1% |
| Accrued charges and deferred income | 492/3 | €12,000 | €12,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €120,649 | €118,952 | -€1,697 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,251 | €93,349 | +€18,098 | +24.1% |
| Other operating charges | 640/8 | €15,530 | €13,106 | -€2,424 | -15.6% |
| Gross operating margin | 9900 | €358,301 | €389,538 | +€31,237 | +8.7% |
| Operating profit (loss) | 9901 | €146,871 | €164,131 | +€17,260 | +11.8% |
| Financial income | 75/76B | €10,368 | €22,872 | +€12,505 | +121% |
| Recurring financial income | 75 | €392 | €363 | -€29 | -7.4% |
| Non-recurring financial income | 76B | €9,975 | €22,509 | +€12,534 | +126% |
| Financial charges | 65/66B | €18,150 | €8,596 | -€9,554 | -52.6% |
| Recurring financial charges | 65 | €9,193 | €8,596 | -€597 | -6.5% |
| Non-recurring financial charges | 66B | €8,957 | - | -€8,957 | |
| Profit (loss) for the period before taxes | 9903 | €139,088 | €178,407 | +€39,319 | +28.3% |
| Income taxes | 67/77 | €49,654 | €52,763 | +€3,109 | +6.3% |
| Profit (loss) for the period | 9904 | €89,434 | €125,645 | +€36,211 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,434 | €125,645 | +€36,211 | +40.5% |
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 25 October 2026 via checked.be.