S.R.D.B.: 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.
S.R.D.B.
Largest movements
- Receivables within one year -€424,414
down €424,414 (-54.6%), from €777,772 to €353,359
of which Other amounts receivable: -€446,973
- Cash -€49,405
down €49,405 (-93.6%), from €52,784 to €3,380
mainly Trade debts (-€486,581) and Investment in fixed assets (net) (-€61,118)
- Tangible fixed assets +€41,493
up €41,493 (+98.3%), from €42,223 to €83,716
of which Furniture and vehicles: +€42,359
- Trade debts -€486,581
down €486,581 (-79.9%), from €608,800 to €122,219
- Profit (loss) carried forward +€42,537
up €42,537 (+18.9%), from -€225,547 to -€183,011
- Other debts +€19,480
new in 2025: €19,480
- Debts after one year -€9,288
down €9,288 (-53.4%), from €17,388 to €8,100
- Gross operating margin +€18,488
up €18,488 (+35.6%), from €51,964 to €70,452
- Depreciation +€2,587
up €2,587 (+15.2%), from €17,039 to €19,625
- Other operating charges +€1,676
up €1,676 (+116%), from €1,446 to €3,123
- Financial charges -€1,032
down €1,032 (-19.7%), from €5,253 to €4,221
- Staff costs -€935
down €935 (-77.8%), from €1,202 to €267
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 | €875,332 | €444,819 | -€430,513 | -49.2% |
| Fixed assets | 21/28 | €42,223 | €83,716 | +€41,493 | +98.3% |
| Tangible fixed assets | 22/27 | €42,223 | €83,716 | +€41,493 | +98.3% |
| Plant, machinery and equipment | 23 | €11,709 | €10,842 | -€867 | -7.4% |
| Furniture and vehicles | 24 | €30,515 | €72,874 | +€42,359 | +139% |
| Current assets | 29/58 | €833,109 | €361,103 | -€472,006 | -56.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €777,772 | €353,359 | -€424,414 | -54.6% |
| Trade receivables | 40 | €307,730 | €330,289 | +€22,559 | +7.3% |
| Other amounts receivable | 41 | €470,043 | €23,070 | -€446,973 | -95.1% |
| Cash at bank and in hand | 54/58 | €52,784 | €3,380 | -€49,405 | -93.6% |
| Deferred charges and accrued income | 490/1 | €2,552 | €4,365 | +€1,813 | +71.0% |
| Total equity and liabilities | 10/49 | €875,332 | €444,819 | -€430,513 | -49.2% |
| Equity | 10/15 | €239,053 | €281,589 | +€42,537 | +17.8% |
| Contributions | 10/11 | €424,600 | €424,600 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,547 | -€183,011 | +€42,537 | +18.9% |
| Amounts payable | 17/49 | €636,279 | €163,230 | -€473,049 | -74.3% |
| Amounts payable after more than one year | 17 | €17,388 | €8,100 | -€9,288 | -53.4% |
| Financial debts | 170/4 | €17,388 | €8,100 | -€9,288 | -53.4% |
| Amounts payable within one year | 42/48 | €618,846 | €155,130 | -€463,716 | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €8,839 | €9,288 | +€449 | +5.1% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Credit institutions | 430/8 | €10 | €10 | = | 0.0% |
| Trade debts | 44 | €608,800 | €122,219 | -€486,581 | -79.9% |
| Suppliers | 440/4 | €608,800 | €122,219 | -€486,581 | -79.9% |
| Taxes, remuneration and social security | 45 | €1,198 | €4,133 | +€2,935 | +245% |
| Taxes | 450/3 | €1,198 | €4,133 | +€2,935 | +245% |
| Other amounts payable | 47/48 | - | €19,480 | +€19,480 | |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100% |
| Non-recurring operating income | 76A | - | €1,118 | +€1,118 | |
| Remuneration, social security and pensions | 62 | €1,202 | €267 | -€935 | -77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,039 | €19,625 | +€2,587 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,446 | €3,123 | +€1,676 | +116% |
| Non-recurring operating charges | 66A | - | €672 | +€672 | |
| Gross operating margin | 9900 | €51,964 | €70,452 | +€18,488 | +35.6% |
| Operating profit (loss) | 9901 | €32,277 | €46,766 | +€14,489 | +44.9% |
| Financial income | 75/76B | €502 | €347 | -€155 | -30.8% |
| Recurring financial income | 75 | €502 | €347 | -€155 | -30.8% |
| Financial charges | 65/66B | €5,253 | €4,221 | -€1,032 | -19.7% |
| Recurring financial charges | 65 | €5,253 | €4,221 | -€1,032 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €27,525 | €42,892 | +€15,367 | +55.8% |
| Income taxes | 67/77 | €495 | €355 | -€139 | -28.2% |
| Profit (loss) for the period | 9904 | €27,031 | €42,537 | +€15,506 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,031 | €42,537 | +€15,506 | +57.4% |
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 25 October 2026 via checked.be.