CIRCLE EU: 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.
CIRCLE EU
Largest movements
- Receivables within one year -€72,050
down €72,050 (-95.3%), from €75,589 to €3,539
of which Trade receivables: -€71,386
- Trade debts -€71,186
down €71,186 (-99.4%), from €71,585 to €400
- Other debts -€16,415
down €16,415 (-13.5%), from €121,706 to €105,290
- Profit (loss) carried forward +€15,236
up €15,236 (+0.1%), from -€24.8m to -€24.8m
- Gross operating margin +€22,803
up €22,803, from -€6,653 to €16,150
- Other operating charges +€346
up €346 (+68.5%), from €505 to €852
- Financial charges -€210
down €210 (-77.0%), from €273 to €63
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 | €76,131 | €3,766 | -€72,365 | -95.1% |
| Current assets | 29/58 | €76,131 | €3,766 | -€72,365 | -95.1% |
| Amounts receivable within one year | 40/41 | €75,589 | €3,539 | -€72,050 | -95.3% |
| Trade receivables | 40 | €74,883 | €3,497 | -€71,386 | -95.3% |
| Other amounts receivable | 41 | €706 | €42 | -€665 | -94.1% |
| Cash at bank and in hand | 54/58 | €542 | €227 | -€314 | -58.0% |
| Total equity and liabilities | 10/49 | €76,131 | €3,766 | -€72,365 | -95.1% |
| Equity | 10/15 | -€20,865,624 | -€20,850,388 | +€15,236 | +0.1% |
| Contributions | 10/11 | €3,556,403 | €3,556,403 | = | 0.0% |
| Capital | 10 | €3,556,403 | €3,556,403 | = | 0.0% |
| Issued capital | 100 | €3,556,403 | €3,556,403 | = | 0.0% |
| Reserves | 13 | €355,640 | €355,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €355,640 | €355,640 | = | 0.0% |
| Legal reserve | 130 | €355,640 | €355,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,777,667 | -€24,762,431 | +€15,236 | +0.1% |
| Amounts payable | 17/49 | €20,941,754 | €20,854,153 | -€87,601 | -0.4% |
| Amounts payable after more than one year | 17 | €20,748,463 | €20,748,463 | = | 0.0% |
| Financial debts | 170/4 | €20,748,463 | €20,748,463 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,291 | €105,690 | -€87,601 | -45.3% |
| Trade debts | 44 | €71,585 | €400 | -€71,186 | -99.4% |
| Suppliers | 440/4 | €71,585 | €400 | -€71,186 | -99.4% |
| Other amounts payable | 47/48 | €121,706 | €105,290 | -€16,415 | -13.5% |
| Other operating charges | 640/8 | €505 | €852 | +€346 | +68.5% |
| Gross operating margin | 9900 | -€6,653 | €16,150 | +€22,803 | |
| Operating profit (loss) | 9901 | -€7,158 | €15,299 | +€22,457 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €273 | €63 | -€210 | -77.0% |
| Recurring financial charges | 65 | €273 | €63 | -€210 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,429 | €15,236 | +€22,665 | |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100% |
| Profit (loss) for the period | 9904 | -€7,430 | €15,236 | +€22,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,430 | €15,236 | +€22,666 |
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 28 October 2026 via checked.be.