SIRVA: 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.
SIRVA
Largest movements
- Receivables within one year -€229,395
down €229,395 (-36.3%), from €631,159 to €401,765
of which Trade receivables: -€228,349
- Deferred charges and accrued income -€138,315
down €138,315 (-32.2%), from €429,537 to €291,222
- Stocks and contracts -€131,338
down €131,338 (-45.0%), from €291,901 to €160,562
of which Contracts in progress: -€131,338
- Tangible fixed assets -€16,557
down €16,557 (-41.1%), from €40,262 to €23,705
- Cash +€15,852
up €15,852 (+11.6%), from €136,107 to €151,959
mainly Receivables within one year (+€229,395) and Other debts (+€141,454)
- Profit (loss) carried forward -€332,252
down €332,252 (-8.6%), from -€3.9m to -€4.2m
- Trade debts -€240,856
down €240,856 (-20.5%), from €1.2m to €933,687
- Other debts +€141,454
up €141,454 (+5.4%), from €2.6m to €2.8m
- Tax, wage and social debts -€81,645
down €81,645 (-6.9%), from €1.2m to €1.1m
of which Remuneration and social security: -€81,188
- Accrued charges and deferred income +€20,539
up €20,539 (+14.5%), from €141,497 to €162,036
- Gross operating margin -€256,351
down €256,351 (-20.3%), from €1.3m to €1.0m
- Staff costs -€145,024
down €145,024 (-11.5%), from €1.3m to €1.1m
- Provisions +€102,000
up €102,000, from -€102,000 to €0
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 | €1,544,177 | €1,051,417 | -€492,760 | -31.9% |
| Fixed assets | 21/28 | €55,473 | €45,909 | -€9,564 | -17.2% |
| Intangible fixed assets | 21 | €0 | €6,993 | +€6,993 | |
| Tangible fixed assets | 22/27 | €40,262 | €23,705 | -€16,557 | -41.1% |
| Furniture and vehicles | 24 | €40,262 | €23,705 | -€16,557 | -41.1% |
| Financial fixed assets | 28 | €15,211 | €15,211 | = | 0.0% |
| Current assets | 29/58 | €1,488,705 | €1,005,508 | -€483,196 | -32.5% |
| Stocks and contracts in progress | 3 | €291,901 | €160,562 | -€131,338 | -45.0% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €291,901 | €160,562 | -€131,338 | -45.0% |
| Amounts receivable within one year | 40/41 | €631,159 | €401,765 | -€229,395 | -36.3% |
| Trade receivables | 40 | €624,498 | €396,149 | -€228,349 | -36.6% |
| Other amounts receivable | 41 | €6,661 | €5,616 | -€1,045 | -15.7% |
| Cash at bank and in hand | 54/58 | €136,107 | €151,959 | +€15,852 | +11.6% |
| Deferred charges and accrued income | 490/1 | €429,537 | €291,222 | -€138,315 | -32.2% |
| Total equity and liabilities | 10/49 | €1,544,177 | €1,051,417 | -€492,760 | -31.9% |
| Equity | 10/15 | -€3,592,071 | -€3,924,324 | -€332,252 | -9.2% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Capital | 10 | €262,000 | €262,000 | = | 0.0% |
| Issued capital | 100 | €262,000 | €262,000 | = | 0.0% |
| Reserves | 13 | €26,200 | €26,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,200 | €26,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,200 | €26,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,880,271 | -€4,212,524 | -€332,252 | -8.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €5,136,249 | €4,975,741 | -€160,508 | -3.1% |
| Amounts payable within one year | 42/48 | €4,994,752 | €4,813,705 | -€181,047 | -3.6% |
| Trade debts | 44 | €1,174,543 | €933,687 | -€240,856 | -20.5% |
| Suppliers | 440/4 | €1,174,543 | €933,687 | -€240,856 | -20.5% |
| Taxes, remuneration and social security | 45 | €1,191,138 | €1,109,493 | -€81,645 | -6.9% |
| Taxes | 450/3 | €988,311 | €987,854 | -€457 | 0.0% |
| Remuneration and social security | 454/9 | €202,827 | €121,639 | -€81,188 | -40.0% |
| Other amounts payable | 47/48 | €2,629,071 | €2,770,525 | +€141,454 | +5.4% |
| Accrued charges and deferred income | 492/3 | €141,497 | €162,036 | +€20,539 | +14.5% |
| Remuneration, social security and pensions | 62 | €1,265,276 | €1,120,252 | -€145,024 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,626 | €25,615 | -€1,012 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,079 | €3,899 | +€11,978 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€102,000 | €0 | +€102,000 | |
| Other operating charges | 640/8 | €12,981 | €3,749 | -€9,232 | -71.1% |
| Non-recurring operating charges | 66A | €52,000 | €0 | -€52,000 | -100% |
| Gross operating margin | 9900 | €1,265,042 | €1,008,690 | -€256,351 | -20.3% |
| Operating profit (loss) | 9901 | €18,237 | -€144,825 | -€163,062 | |
| Financial income | 75/76B | €3,807 | €11,902 | +€8,095 | +213% |
| Recurring financial income | 75 | €3,807 | €11,902 | +€8,095 | +213% |
| Financial charges | 65/66B | €187,847 | €198,797 | +€10,950 | +5.8% |
| Recurring financial charges | 65 | €187,847 | €198,797 | +€10,950 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€165,803 | -€331,720 | -€165,917 | -100% |
| Income taxes | 67/77 | €534 | €533 | -€2 | -0.3% |
| Profit (loss) for the period | 9904 | -€166,337 | -€332,252 | -€165,915 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,337 | -€332,252 | -€165,915 | -99.7% |
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 14 October 2026 via checked.be.