S.R.V. PROJECTS: 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. PROJECTS
Largest movements
- Receivables within one year +€99,514
up €99,514 (+60.7%), from €163,903 to €263,416
of which Trade receivables: +€71,828
- Deferred charges and accrued income +€36,120
new in 2025: €36,120
- Cash -€4,026
down €4,026 (-57.3%), from €7,027 to €3,001
mainly Receivables within one year (-€99,514) and Deferred charges and accrued income (-€36,120)
- Profit (loss) carried forward +€70,677
up €70,677 (+242%), from €29,201 to €99,878
- Trade debts +€37,708
up €37,708 (+30.2%), from €124,714 to €162,421
- Tax, wage and social debts +€21,627
up €21,627 (+116%), from €18,724 to €40,351
- Gross operating margin +€83,814
up €83,814 (+828%), from €10,117 to €93,931
- Taxes +€18,297
up €18,297 (+456%), from €4,014 to €22,311
- Other operating charges -€1,146
down €1,146 (-55.2%), from €2,077 to €931
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 | €174,639 | €304,651 | +€130,011 | +74.4% |
| Fixed assets | 21/28 | €3,709 | €2,113 | -€1,596 | -43.0% |
| Tangible fixed assets | 22/27 | €3,709 | €2,113 | -€1,596 | -43.0% |
| Furniture and vehicles | 24 | €3,709 | €2,113 | -€1,596 | -43.0% |
| Current assets | 29/58 | €170,930 | €302,538 | +€131,608 | +77.0% |
| Amounts receivable within one year | 40/41 | €163,903 | €263,416 | +€99,514 | +60.7% |
| Trade receivables | 40 | €119,497 | €191,325 | +€71,828 | +60.1% |
| Other amounts receivable | 41 | €44,406 | €72,091 | +€27,686 | +62.3% |
| Cash at bank and in hand | 54/58 | €7,027 | €3,001 | -€4,026 | -57.3% |
| Deferred charges and accrued income | 490/1 | - | €36,120 | +€36,120 | |
| Total equity and liabilities | 10/49 | €174,639 | €304,651 | +€130,011 | +74.4% |
| Equity | 10/15 | €31,201 | €101,878 | +€70,677 | +227% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,201 | €99,878 | +€70,677 | +242% |
| Amounts payable | 17/49 | €143,438 | €202,772 | +€59,334 | +41.4% |
| Amounts payable within one year | 42/48 | €143,438 | €202,772 | +€59,334 | +41.4% |
| Trade debts | 44 | €124,714 | €162,421 | +€37,708 | +30.2% |
| Suppliers | 440/4 | €124,714 | €162,421 | +€37,708 | +30.2% |
| Taxes, remuneration and social security | 45 | €18,724 | €40,351 | +€21,627 | +116% |
| Taxes | 450/3 | €18,724 | €40,351 | +€21,627 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €1,596 | +€516 | +47.8% |
| Other operating charges | 640/8 | €2,077 | €931 | -€1,146 | -55.2% |
| Gross operating margin | 9900 | €10,117 | €93,931 | +€83,814 | +828% |
| Operating profit (loss) | 9901 | €6,960 | €91,404 | +€84,443 | +1,213% |
| Financial income | 75/76B | €1,977 | €2,726 | +€749 | +37.9% |
| Recurring financial income | 75 | €1,977 | €2,726 | +€749 | +37.9% |
| Financial charges | 65/66B | €1,540 | €1,141 | -€399 | -25.9% |
| Recurring financial charges | 65 | €1,540 | €1,141 | -€399 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €7,397 | €92,988 | +€85,591 | +1,157% |
| Income taxes | 67/77 | €4,014 | €22,311 | +€18,297 | +456% |
| Profit (loss) for the period | 9904 | €3,383 | €70,677 | +€67,294 | +1,989% |
| Profit (loss) for the period to be appropriated | 9905 | €3,383 | €70,677 | +€67,294 | +1,989% |
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 23 October 2026 via checked.be.