S&R Group: 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.
What changed
S&R Group
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.8m-€460,087
Equity
€15.4m
2024 · €14.5m+€886,128
Cash
€522,506
2024 · €1.4m-€858,036
Balance sheet total
€16.2m
2024 · €15.4m+€839,666
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+59.4%), from €1.7m to €2.8m
- Cash -€858,036
down €858,036 (-62.2%), from €1.4m to €522,506
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€500,000)
- Financial fixed assets +€444,764
up €444,764 (+3.9%), from €11.5m to €11.9m
- Receivables within one year +€229,007
up €229,007 (+28.9%), from €793,214 to €1.0m
of which Other amounts receivable: +€191,955
Equity and liabilities
- Profit (loss) carried forward +€816,822
up €816,822 (+15.6%), from €5.2m to €6.0m
Income statement
- Financial income -€440,201
down €440,201 (-24.9%), from €1.8m to €1.3m
- Other operating income +€271,900
up €271,900 (+29.2%), from €930,334 to €1.2m
- Services and other goods +€262,325
up €262,325 (+31.3%), from €838,810 to €1.1m
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.
Result 2024
€1.8m
Other operating charges
-€217
Other operating items
+€9,575
Financial income
-€440,201
Financial charges
-€4,617
Taxes
-€24,627
Result 2025
€1.4m
lowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€1.5m
Financing
-€500,000
Cash 2024
€1.4m
From operations (derived)
+€1.1m
Net result for the year
+€1.4m
Receivables within one year
-€229,007
Deferred charges and accrued income
+€1,069
Trade debts
+€83,938
Tax, wage and social debts
+€5,147
Other debts
-€135,547
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€444,764
Current investments
-€1.0m
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€522,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,406,174 | €16,245,839 | +€839,666 | +5.5% |
| Fixed assets | 21/28 | €11,497,929 | €11,942,692 | +€444,764 | +3.9% |
| Financial fixed assets | 28 | €11,497,929 | €11,942,692 | +€444,764 | +3.9% |
| Affiliated companies | 280/1 | €11,497,929 | €11,942,692 | +€444,764 | +3.9% |
| Participating interests | 280 | €11,497,929 | €11,942,692 | +€444,764 | +3.9% |
| Current assets | 29/58 | €3,908,245 | €4,303,147 | +€394,902 | +10.1% |
| Amounts receivable within one year | 40/41 | €793,214 | €1,022,221 | +€229,007 | +28.9% |
| Trade receivables | 40 | €578,805 | €615,857 | +€37,052 | +6.4% |
| Other amounts receivable | 41 | €214,409 | €406,364 | +€191,955 | +89.5% |
| Current investments | 50/53 | €1,725,000 | €2,750,000 | +€1.0m | +59.4% |
| Other investments | 51/53 | €1,725,000 | €2,750,000 | +€1.0m | +59.4% |
| Cash at bank and in hand | 54/58 | €1,380,541 | €522,506 | -€858,036 | -62.2% |
| Deferred charges and accrued income | 490/1 | €9,490 | €8,420 | -€1,069 | -11.3% |
| Total equity and liabilities | 10/49 | €15,406,174 | €16,245,839 | +€839,666 | +5.5% |
| Equity | 10/15 | €14,481,047 | €15,367,175 | +€886,128 | +6.1% |
| Contributions | 10/11 | €8,966,250 | €8,966,250 | = | 0.0% |
| Capital | 10 | €8,966,250 | €8,966,250 | = | 0.0% |
| Issued capital | 100 | €9,125,000 | €9,125,000 | = | 0.0% |
| Uncalled capital | 101 | €158,750 | €158,750 | = | 0.0% |
| Reserves | 13 | €288,998 | €358,305 | +€69,306 | +24.0% |
| Non-distributable reserves | 130/1 | €288,998 | €358,305 | +€69,306 | +24.0% |
| Legal reserve | 130 | €288,998 | €358,305 | +€69,306 | +24.0% |
| Profit (loss) carried forward | 14 | €5,225,798 | €6,042,620 | +€816,822 | +15.6% |
| Amounts payable | 17/49 | €925,127 | €878,665 | -€46,462 | -5.0% |
| Amounts payable within one year | 42/48 | €925,127 | €878,665 | -€46,462 | -5.0% |
| Trade debts | 44 | €89,130 | €173,068 | +€83,938 | +94.2% |
| Suppliers | 440/4 | €89,130 | €173,068 | +€83,938 | +94.2% |
| Taxes, remuneration and social security | 45 | €31,831 | €36,977 | +€5,147 | +16.2% |
| Taxes | 450/3 | €31,831 | €36,977 | +€5,147 | +16.2% |
| Other amounts payable | 47/48 | €804,166 | €668,619 | -€135,547 | -16.9% |
| Operating income | 70/76A | €930,334 | €1,202,234 | +€271,900 | +29.2% |
| Other operating income | 74 | €930,334 | €1,202,234 | +€271,900 | +29.2% |
| Operating charges | 60/66A | €840,301 | €1,102,842 | +€262,542 | +31.2% |
| Services and other goods | 61 | €838,810 | €1,101,135 | +€262,325 | +31.3% |
| Other operating charges | 640/8 | €1,491 | €1,707 | +€217 | +14.5% |
| Operating profit (loss) | 9901 | €90,033 | €99,392 | +€9,358 | +10.4% |
| Financial income | 75/76B | €1,765,477 | €1,325,275 | -€440,201 | -24.9% |
| Recurring financial income | 75 | €1,765,477 | €1,325,275 | -€440,201 | -24.9% |
| Income from financial fixed assets | 750 | €1,751,000 | €1,285,000 | -€466,000 | -26.6% |
| Income from current assets | 751 | €14,477 | €40,275 | +€25,799 | +178% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €2,427 | €7,044 | +€4,617 | +190% |
| Recurring financial charges | 65 | €2,427 | €7,044 | +€4,617 | +190% |
| Debt charges | 650 | - | €1 | +€1 | |
| Other financial charges | 652/9 | €2,427 | €7,043 | +€4,616 | +190% |
| Profit (loss) for the period before taxes | 9903 | €1,853,083 | €1,417,623 | -€435,460 | -23.5% |
| Income taxes | 67/77 | €6,868 | €31,495 | +€24,627 | +359% |
| Taxes | 670/3 | €6,868 | €34,843 | +€27,975 | +407% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,348 | +€3,348 | |
| Profit (loss) for the period | 9904 | €1,846,215 | €1,386,128 | -€460,087 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,846,215 | €1,386,128 | -€460,087 | -24.9% |
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 26 October 2026 via checked.be.