SIRDIS: what changed
SIRDIS
Largest movements
- Cash -€82,280
down €82,280 (-29.0%), from €284,133 to €201,853
mainly Receivables within one year (-€79,403) and Trade debts (-€48,820)
- Receivables within one year +€79,403
up €79,403 (+25.8%), from €307,339 to €386,742
of which Other amounts receivable: +€82,971
- Stocks and contracts +€46,111
up €46,111 (+16.3%), from €283,622 to €329,733
- Tangible fixed assets -€33,895
down €33,895 (-41.9%), from €80,965 to €47,070
of which Furniture and vehicles: -€29,471
- Deferred charges and accrued income -€13,268
down €13,268 (-74.5%), from €17,802 to €4,534
- Reserves +€91,080
up €91,080 (+25.1%), from €362,310 to €453,390
of which Distributable reserves: +€91,080
- Trade debts -€48,820
down €48,820 (-16.5%), from €295,406 to €246,586
- Profit (loss) carried forward -€28,205
down €28,205 (-100%), from €28,205 to €0
- Debts after one year -€17,927
down €17,927 (-34.6%), from €51,885 to €33,958
- Current portion of long-term debt +€16,633
up €16,633 (+75.3%), from €22,081 to €38,714
- Gross operating margin -€113,662
down €113,662 (-13.4%), from €845,103 to €731,441
- Depreciation -€76,334
down €76,334 (-69.0%), from €110,697 to €34,363
- Financial income +€20,483
up €20,483 (+1,472%), from €1,392 to €21,875
- Staff costs -€9,187
down €9,187 (-1.6%), from €582,786 to €573,599
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,373 | €971,977 | -€4,396 | -0.5% |
| Formation expenses | 20 | €2,326 | €1,857 | -€469 | -20.2% |
| Fixed assets | 21/28 | €81,151 | €47,256 | -€33,895 | -41.8% |
| Tangible fixed assets | 22/27 | €80,965 | €47,070 | -€33,895 | -41.9% |
| Plant, machinery and equipment | 23 | €12,750 | €8,326 | -€4,424 | -34.7% |
| Furniture and vehicles | 24 | €68,215 | €38,744 | -€29,471 | -43.2% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €892,896 | €922,863 | +€29,967 | +3.4% |
| Stocks and contracts in progress | 3 | €283,622 | €329,733 | +€46,111 | +16.3% |
| Stocks | 30/36 | €283,622 | €329,733 | +€46,111 | +16.3% |
| Amounts receivable within one year | 40/41 | €307,339 | €386,742 | +€79,403 | +25.8% |
| Trade receivables | 40 | €40,196 | €36,628 | -€3,568 | -8.9% |
| Other amounts receivable | 41 | €267,143 | €350,114 | +€82,971 | +31.1% |
| Cash at bank and in hand | 54/58 | €284,133 | €201,853 | -€82,280 | -29.0% |
| Deferred charges and accrued income | 490/1 | €17,802 | €4,534 | -€13,268 | -74.5% |
| Total equity and liabilities | 10/49 | €976,373 | €971,977 | -€4,396 | -0.5% |
| Equity | 10/15 | €440,515 | €503,390 | +€62,875 | +14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €362,310 | €453,390 | +€91,080 | +25.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €338,560 | €429,640 | +€91,080 | +26.9% |
| Profit (loss) carried forward | 14 | €28,205 | €0 | -€28,205 | -100% |
| Amounts payable | 17/49 | €535,858 | €468,587 | -€67,271 | -12.6% |
| Amounts payable after more than one year | 17 | €51,885 | €33,958 | -€17,927 | -34.6% |
| Financial debts | 170/4 | €51,885 | €33,958 | -€17,927 | -34.6% |
| Amounts payable within one year | 42/48 | €452,693 | €415,419 | -€37,274 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €22,081 | €38,714 | +€16,633 | +75.3% |
| Trade debts | 44 | €295,406 | €246,586 | -€48,820 | -16.5% |
| Suppliers | 440/4 | €295,406 | €246,586 | -€48,820 | -16.5% |
| Taxes, remuneration and social security | 45 | €135,206 | €130,120 | -€5,087 | -3.8% |
| Taxes | 450/3 | €50,136 | €50,058 | -€78 | -0.2% |
| Remuneration and social security | 454/9 | €85,070 | €80,061 | -€5,009 | -5.9% |
| Accrued charges and deferred income | 492/3 | €31,280 | €19,210 | -€12,070 | -38.6% |
| Remuneration, social security and pensions | 62 | €582,786 | €573,599 | -€9,187 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,697 | €34,363 | -€76,334 | -69.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€106 | -€106 | |
| Other operating charges | 640/8 | €22,606 | €20,932 | -€1,674 | -7.4% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €845,103 | €731,441 | -€113,662 | -13.4% |
| Operating profit (loss) | 9901 | €129,014 | €101,652 | -€27,362 | -21.2% |
| Financial income | 75/76B | €1,392 | €21,875 | +€20,483 | +1,472% |
| Recurring financial income | 75 | €1,392 | €21,875 | +€20,483 | +1,472% |
| Financial charges | 65/66B | €39,334 | €35,977 | -€3,357 | -8.5% |
| Recurring financial charges | 65 | €39,334 | €35,977 | -€3,357 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €91,072 | €87,551 | -€3,521 | -3.9% |
| Income taxes | 67/77 | €25,341 | €24,677 | -€664 | -2.6% |
| Profit (loss) for the period | 9904 | €65,731 | €62,874 | -€2,857 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,731 | €62,874 | -€2,857 | -4.3% |
Next steps
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 2 November 2026 via checked.be.