SIRTONA: 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.
SIRTONA
Largest movements
- Tangible fixed assets +€64,639
up €64,639 (+2.3%), from €2.8m to €2.9m
of which Furniture and vehicles: +€52,483
- Reserves +€335,190
up €335,190 (+152%), from €220,490 to €555,680
of which Tax-exempt reserves: +€335,190
- Other debts -€280,132
down €280,132 (-15.7%), from €1.8m to €1.5m
- Profit (loss) carried forward -€119,324
down €119,324 (-145%), from -€82,245 to -€201,569
- Provisions +€111,393
up €111,393 (+123%), from €90,606 to €201,999
- Debts after one year +€36,496
up €36,496 (+7.0%), from €518,379 to €554,875
of which Financial debts: +€35,266
- Gross operating margin +€240,654
up €240,654 (+89.7%), from €268,161 to €508,815
- Financial charges -€28,468
down €28,468 (-82.9%), from €34,328 to €5,860
- Depreciation +€15,406
up €15,406 (+10.9%), from €141,478 to €156,884
- Taxes -€5,462
no longer reported in 2025 (was €5,462)
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 | €2,860,463 | €2,944,865 | +€84,402 | +3.0% |
| Fixed assets | 21/28 | €2,843,663 | €2,908,302 | +€64,639 | +2.3% |
| Tangible fixed assets | 22/27 | €2,843,663 | €2,908,302 | +€64,639 | +2.3% |
| Land and buildings | 22 | €2,715,349 | €2,685,453 | -€29,896 | -1.1% |
| Plant, machinery and equipment | 23 | €121,566 | €170,263 | +€48,697 | +40.1% |
| Furniture and vehicles | 24 | €103 | €52,586 | +€52,483 | +50,954% |
| Other tangible fixed assets | 26 | €6,645 | - | -€6,645 | |
| Current assets | 29/58 | €16,800 | €36,563 | +€19,763 | +118% |
| Cash at bank and in hand | 54/58 | €16,800 | €36,563 | +€19,763 | +118% |
| Total equity and liabilities | 10/49 | €2,860,463 | €2,944,865 | +€84,402 | +3.0% |
| Equity | 10/15 | €393,721 | €609,587 | +€215,866 | +54.8% |
| Contributions | 10/11 | €255,476 | €255,476 | = | 0.0% |
| Contributions outside capital | 11 | €255,476 | €255,476 | = | 0.0% |
| Share premium | 1100/10 | €255,476 | €255,476 | = | 0.0% |
| Reserves | 13 | €220,490 | €555,680 | +€335,190 | +152% |
| Tax-exempt reserves | 132 | €214,293 | €549,483 | +€335,190 | +156% |
| Distributable reserves | 133 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,245 | -€201,569 | -€119,324 | -145% |
| Provisions and deferred taxes | 16 | €90,606 | €201,999 | +€111,393 | +123% |
| Deferred taxes | 168 | €90,606 | €201,999 | +€111,393 | +123% |
| Amounts payable | 17/49 | €2,376,136 | €2,133,279 | -€242,857 | -10.2% |
| Amounts payable after more than one year | 17 | €518,379 | €554,875 | +€36,496 | +7.0% |
| Financial debts | 170/4 | €518,194 | €553,460 | +€35,266 | +6.8% |
| Other amounts payable | 178/9 | €185 | €1,415 | +€1,230 | +665% |
| Amounts payable within one year | 42/48 | €1,840,914 | €1,578,404 | -€262,510 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €24,824 | €38,436 | +€13,612 | +54.8% |
| Financial debts | 43 | €24,088 | €25,364 | +€1,276 | +5.3% |
| Credit institutions | 430/8 | €24,088 | €25,364 | +€1,276 | +5.3% |
| Trade debts | 44 | €64 | €2,798 | +€2,734 | +4,272% |
| Suppliers | 440/4 | €64 | €2,798 | +€2,734 | +4,272% |
| Taxes, remuneration and social security | 45 | €12,680 | €12,680 | = | 0.0% |
| Taxes | 450/3 | €12,680 | €12,680 | = | 0.0% |
| Other amounts payable | 47/48 | €1,779,258 | €1,499,126 | -€280,132 | -15.7% |
| Accrued charges and deferred income | 492/3 | €16,843 | - | -€16,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,478 | €156,884 | +€15,406 | +10.9% |
| Other operating charges | 640/8 | €19,927 | €18,828 | -€1,099 | -5.5% |
| Gross operating margin | 9900 | €268,161 | €508,815 | +€240,654 | +89.7% |
| Operating profit (loss) | 9901 | €106,756 | €333,103 | +€226,347 | +212% |
| Financial income | 75/76B | €10 | €16 | +€6 | +60.0% |
| Recurring financial income | 75 | €10 | €16 | +€6 | +60.0% |
| Financial charges | 65/66B | €34,328 | €5,860 | -€28,468 | -82.9% |
| Recurring financial charges | 65 | €34,328 | €5,860 | -€28,468 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €72,438 | €327,259 | +€254,821 | +352% |
| Transfer from deferred taxes | 780 | €7,741 | €11,896 | +€4,155 | +53.7% |
| Transfer to deferred taxes | 680 | - | €123,289 | +€123,289 | |
| Income taxes | 67/77 | €5,462 | - | -€5,462 | |
| Profit (loss) for the period | 9904 | €74,717 | €215,866 | +€141,149 | +189% |
| Transfer from tax-exempt reserves | 789 | €18,066 | €34,678 | +€16,612 | +92.0% |
| Transfer to tax-exempt reserves | 689 | - | €369,868 | +€369,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,783 | -€119,324 | -€212,107 |
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 17 October 2026 via checked.be.