CIRCACO: what changed
What changed
CIRCACO
NACE 77.229, Renting and leasing of other personal and household goods
filed annual accounts (NBB)
Net result for the year
€12,048
2024 · -€21,481+€33,528
Equity
-€139,476
2024 · -€151,524+€12,048
Cash
€2,362
2024 · €2,759-€397
Balance sheet total
€310,819
2024 · €291,245+€19,573
Largest movements
Assets
- Receivables within one year +€166,280
up €166,280 (+570%), from €29,159 to €195,438
of which Trade receivables: +€166,205
- Tangible fixed assets -€161,837
down €161,837 (-78.6%), from €205,833 to €43,996
of which Plant, machinery and equipment: -€161,272
- Stocks and contracts +€14,882
up €14,882 (+28.4%), from €52,474 to €67,357
Equity and liabilities
- Tax, wage and social debts +€26,322
up €26,322 (+270%), from €9,763 to €36,085
of which Taxes: +€26,322
- Debts after one year -€24,402
down €24,402 (-10.0%), from €243,835 to €219,433
of which Financial debts: -€24,402
- Trade debts +€16,870
up €16,870 (+18.4%), from €91,538 to €108,409
- Other debts -€12,458
down €12,458 (-22.4%), from €55,624 to €43,166
- Profit (loss) carried forward +€12,048
up €12,048 (+3.2%), from -€373,524 to -€361,476
Income statement
- Depreciation -€29,760
down €29,760 (-63.5%), from €46,846 to €17,086
- Gross operating margin +€6,284
up €6,284 (+18.1%), from €34,664 to €40,948
- Financial charges -€865
down €865 (-11.3%), from €7,627 to €6,762
- Financial income -€630
down €630 (-99.9%), from €631 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€21,481
Gross operating margin
+€6,284
Depreciation
+€29,760
Other operating charges
+€294
Other operating items
-€3,044
Financial income
-€630
Financial charges
+€865
Result 2025
€12,048
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€121,807
Investment
+€145,021
Financing
-€23,611
Cash 2024
€2,759
From operations (derived)
-€121,807
Net result for the year
+€12,048
Depreciation
+€17,086
Stocks and contracts
-€14,882
Receivables within one year
-€166,280
Deferred charges and accrued income
-€916
Trade debts
+€16,870
Tax, wage and social debts
+€26,322
Other debts
-€12,458
Accrued charges and deferred income
+€403
Investment (derived)
+€145,021
Investment in fixed assets (net)
+€145,021
Financing
-€23,611
Debts after one year
-€24,402
Current portion of long-term debt
+€375
Short-term financial debts
+€415
Cash 2025
€2,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,245 | €310,819 | +€19,573 | +6.7% |
| Fixed assets | 21/28 | €206,853 | €44,746 | -€162,107 | -78.4% |
| Intangible fixed assets | 21 | €270 | €0 | -€270 | -100% |
| Tangible fixed assets | 22/27 | €205,833 | €43,996 | -€161,837 | -78.6% |
| Plant, machinery and equipment | 23 | €201,312 | €40,040 | -€161,272 | -80.1% |
| Furniture and vehicles | 24 | €4,521 | €3,956 | -€565 | -12.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €84,392 | €266,073 | +€181,680 | +215% |
| Stocks and contracts in progress | 3 | €52,474 | €67,357 | +€14,882 | +28.4% |
| Stocks | 30/36 | €52,474 | €67,357 | +€14,882 | +28.4% |
| Amounts receivable within one year | 40/41 | €29,159 | €195,438 | +€166,280 | +570% |
| Trade receivables | 40 | €29,067 | €195,272 | +€166,205 | +572% |
| Other amounts receivable | 41 | €92 | €166 | +€74 | +81.2% |
| Cash at bank and in hand | 54/58 | €2,759 | €2,362 | -€397 | -14.4% |
| Deferred charges and accrued income | 490/1 | - | €916 | +€916 | |
| Total equity and liabilities | 10/49 | €291,245 | €310,819 | +€19,573 | +6.7% |
| Equity | 10/15 | -€151,524 | -€139,476 | +€12,048 | +8.0% |
| Contributions | 10/11 | €222,000 | €222,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,524 | -€361,476 | +€12,048 | +3.2% |
| Amounts payable | 17/49 | €442,769 | €450,294 | +€7,526 | +1.7% |
| Amounts payable after more than one year | 17 | €243,835 | €219,433 | -€24,402 | -10.0% |
| Financial debts | 170/4 | €217,189 | €192,788 | -€24,402 | -11.2% |
| Trade debts | 175 | €1,646 | €1,646 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €198,934 | €230,458 | +€31,524 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €15,777 | €16,152 | +€375 | +2.4% |
| Financial debts | 43 | €26,232 | €26,647 | +€415 | +1.6% |
| Credit institutions | 430/8 | €26,232 | €26,647 | +€415 | +1.6% |
| Trade debts | 44 | €91,538 | €108,409 | +€16,870 | +18.4% |
| Suppliers | 440/4 | €91,538 | €108,409 | +€16,870 | +18.4% |
| Taxes, remuneration and social security | 45 | €9,763 | €36,085 | +€26,322 | +270% |
| Taxes | 450/3 | €6,763 | €33,085 | +€26,322 | +389% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €55,624 | €43,166 | -€12,458 | -22.4% |
| Accrued charges and deferred income | 492/3 | - | €403 | +€403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,846 | €17,086 | -€29,760 | -63.5% |
| Other operating charges | 640/8 | €2,302 | €2,009 | -€294 | -12.8% |
| Non-recurring operating charges | 66A | - | €3,044 | +€3,044 | |
| Gross operating margin | 9900 | €34,664 | €40,948 | +€6,284 | +18.1% |
| Operating profit (loss) | 9901 | -€14,484 | €18,809 | +€33,293 | |
| Financial income | 75/76B | €631 | €0 | -€630 | -99.9% |
| Recurring financial income | 75 | €631 | €0 | -€630 | -99.9% |
| Financial charges | 65/66B | €7,627 | €6,762 | -€865 | -11.3% |
| Recurring financial charges | 65 | €7,627 | €6,762 | -€865 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,481 | €12,048 | +€33,528 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,481 | €12,048 | +€33,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,481 | €12,048 | +€33,528 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.