S.R.V.: 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.V.
Largest movements
- Tangible fixed assets -€14,176
down €14,176 (-6.7%), from €212,663 to €198,487
of which Land and buildings: -€12,068
- Cash +€7,822
up €7,822 (+29.8%), from €26,210 to €34,032
mainly Depreciation (+€19,001) and Net result for the year (+€13,740)
- Debts after one year -€21,417
down €21,417 (-2.9%), from €743,183 to €721,767
- Profit (loss) carried forward +€13,740
up €13,740 (+2.4%), from -€570,636 to -€556,896
- Gross operating margin -€14,661
down €14,661 (-27.6%), from €53,129 to €38,468
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 | €241,336 | €234,016 | -€7,320 | -3.0% |
| Fixed assets | 21/28 | €212,663 | €198,487 | -€14,176 | -6.7% |
| Tangible fixed assets | 22/27 | €212,663 | €198,487 | -€14,176 | -6.7% |
| Land and buildings | 22 | €186,902 | €174,834 | -€12,068 | -6.5% |
| Plant, machinery and equipment | 23 | €25,761 | €23,653 | -€2,109 | -8.2% |
| Current assets | 29/58 | €28,673 | €35,529 | +€6,856 | +23.9% |
| Cash at bank and in hand | 54/58 | €26,210 | €34,032 | +€7,822 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,463 | €1,498 | -€966 | -39.2% |
| Total equity and liabilities | 10/49 | €241,336 | €234,016 | -€7,320 | -3.0% |
| Equity | 10/15 | -€503,981 | -€490,241 | +€13,740 | +2.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,655 | €4,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,655 | €4,655 | = | 0.0% |
| Legal reserve | 130 | €4,655 | €4,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€570,636 | -€556,896 | +€13,740 | +2.4% |
| Amounts payable | 17/49 | €745,317 | €724,258 | -€21,060 | -2.8% |
| Amounts payable after more than one year | 17 | €743,183 | €721,767 | -€21,417 | -2.9% |
| Other amounts payable | 178/9 | €743,183 | €721,767 | -€21,417 | -2.9% |
| Amounts payable within one year | 42/48 | €2,134 | €2,491 | +€357 | +16.7% |
| Trade debts | 44 | €1,597 | €885 | -€712 | -44.6% |
| Suppliers | 440/4 | €1,597 | €885 | -€712 | -44.6% |
| Other amounts payable | 47/48 | €537 | €1,606 | +€1,069 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,713 | €19,001 | +€288 | +1.5% |
| Other operating charges | 640/8 | €4,961 | €5,226 | +€265 | +5.3% |
| Gross operating margin | 9900 | €53,129 | €38,468 | -€14,661 | -27.6% |
| Operating profit (loss) | 9901 | €29,455 | €14,241 | -€15,213 | -51.7% |
| Financial charges | 65/66B | €530 | €502 | -€28 | -5.4% |
| Recurring financial charges | 65 | €530 | €502 | -€28 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €28,925 | €13,740 | -€15,185 | -52.5% |
| Profit (loss) for the period | 9904 | €28,925 | €13,740 | -€15,185 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,925 | €13,740 | -€15,185 | -52.5% |
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 18 October 2026 via checked.be.