SIRUS: 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.
SIRUS
Largest movements
- Receivables within one year +€449,711
up €449,711 (+28.5%), from €1.6m to €2.0m
of which Trade receivables: +€465,203
- Cash -€400,731
down €400,731 (-74.2%), from €540,002 to €139,271
mainly Receivables within one year (-€449,711) and Contributions, distributions and other (-€319,030)
- Profit (loss) carried forward +€281,623
up €281,623 (+71.3%), from €394,858 to €676,482
- Short-term financial debts -€219,702
down €219,702 (-55.3%), from €397,250 to €177,549
- Trade debts -€180,659
down €180,659 (-23.2%), from €777,770 to €597,111
- Tax, wage and social debts +€160,596
up €160,596 (+47.8%), from €335,973 to €496,570
of which Remuneration and social security: +€83,742
- Advances received +€114,066
up €114,066 (+105.9%), from €107,744 to €221,810
- Gross operating margin +€1.3m
up €1.3m (+35.5%), from €3.6m to €4.8m
- Staff costs +€974,899
up €974,899 (+34.2%), from €2.9m to €3.8m
- Taxes +€48,723
up €48,723 (+22.3%), from €218,406 to €267,130
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 | €2,262,662 | €2,316,576 | +€53,915 | +2.4% |
| Fixed assets | 21/28 | €116,072 | €124,088 | +€8,016 | +6.9% |
| Tangible fixed assets | 22/27 | €102,840 | €110,856 | +€8,016 | +7.8% |
| Land and buildings | 22 | - | €10,955 | +€10,955 | |
| Plant, machinery and equipment | 23 | €11,652 | €15,972 | +€4,320 | +37.1% |
| Furniture and vehicles | 24 | €91,188 | €83,929 | -€7,259 | -8.0% |
| Financial fixed assets | 28 | €13,232 | €13,232 | = | 0.0% |
| Current assets | 29/58 | €2,146,590 | €2,192,489 | +€45,899 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,577,077 | €2,026,788 | +€449,711 | +28.5% |
| Trade receivables | 40 | €1,505,185 | €1,970,387 | +€465,203 | +30.9% |
| Other amounts receivable | 41 | €71,893 | €56,401 | -€15,491 | -21.5% |
| Cash at bank and in hand | 54/58 | €540,002 | €139,271 | -€400,731 | -74.2% |
| Deferred charges and accrued income | 490/1 | €29,511 | €26,429 | -€3,082 | -10.4% |
| Total equity and liabilities | 10/49 | €2,262,662 | €2,316,576 | +€53,915 | +2.4% |
| Equity | 10/15 | €532,358 | €813,982 | +€281,623 | +52.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €394,858 | €676,482 | +€281,623 | +71.3% |
| Amounts payable | 17/49 | €1,730,303 | €1,502,594 | -€227,709 | -13.2% |
| Amounts payable within one year | 42/48 | €1,669,558 | €1,493,040 | -€176,518 | -10.6% |
| Financial debts | 43 | €397,250 | €177,549 | -€219,702 | -55.3% |
| Credit institutions | 430/8 | €397,250 | €177,549 | -€219,702 | -55.3% |
| Trade debts | 44 | €777,770 | €597,111 | -€180,659 | -23.2% |
| Suppliers | 440/4 | €777,770 | €597,111 | -€180,659 | -23.2% |
| Advances received on contracts in progress | 46 | €107,744 | €221,810 | +€114,066 | +105.9% |
| Taxes, remuneration and social security | 45 | €335,973 | €496,570 | +€160,596 | +47.8% |
| Taxes | 450/3 | €44,228 | €121,083 | +€76,855 | +173.8% |
| Remuneration and social security | 454/9 | €291,745 | €375,487 | +€83,742 | +28.7% |
| Other amounts payable | 47/48 | €50,820 | - | -€50,820 | |
| Accrued charges and deferred income | 492/3 | €60,746 | €9,555 | -€51,191 | -84.3% |
| Remuneration, social security and pensions | 62 | €2,854,317 | €3,829,216 | +€974,899 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,009 | €46,401 | +€9,392 | +25.4% |
| Other operating charges | 640/8 | €3,175 | €8,414 | +€5,239 | +165.0% |
| Gross operating margin | 9900 | €3,556,929 | €4,820,534 | +€1.3m | +35.5% |
| Operating profit (loss) | 9901 | €662,428 | €936,503 | +€274,074 | +41.4% |
| Financial income | 75/76B | €340 | €886 | +€546 | +160.7% |
| Recurring financial income | 75 | €340 | €886 | +€546 | +160.7% |
| Financial charges | 65/66B | €49,943 | €69,605 | +€19,663 | +39.4% |
| Recurring financial charges | 65 | €49,943 | €69,605 | +€19,663 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €612,826 | €867,784 | +€254,958 | +41.6% |
| Income taxes | 67/77 | €218,406 | €267,130 | +€48,723 | +22.3% |
| Profit (loss) for the period | 9904 | €394,419 | €600,654 | +€206,235 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €394,419 | €600,654 | +€206,235 | +52.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.