SR: 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.
SR
Largest movements
- Cash -€33,289
down €33,289 (-46.9%), from €70,916 to €37,627
mainly Contributions, distributions and other (-€35,800) and Tax, wage and social debts (-€30,697)
- Receivables within one year +€7,260
up €7,260 (+3.2%), from €227,826 to €235,086
of which Other amounts receivable: +€7,260
- Other debts +€40,802
up €40,802 (+672%), from €6,070 to €46,872
- Reserves -€31,240
down €31,240 (-5.4%), from €580,500 to €549,260
of which Distributable reserves: -€31,240
- Tax, wage and social debts -€30,697
down €30,697 (-76.5%), from €40,153 to €9,456
- Gross operating margin -€129,518
down €129,518 (-90.1%), from €143,680 to €14,162
- Turnover -€100,000
down €100,000 (-45.5%), from €220,000 to €120,000
- Taxes -€36,302
down €36,302 (-80.9%), from €44,853 to €8,552
- Purchases and services +€30,910
up €30,910 (+36.6%), from €84,554 to €115,464
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 | €651,290 | €626,414 | -€24,876 | -3.8% |
| Fixed assets | 21/28 | €351,125 | €351,317 | +€192 | +0.1% |
| Tangible fixed assets | 22/27 | €5,817 | €6,009 | +€192 | +3.3% |
| Furniture and vehicles | 24 | €5,817 | €6,009 | +€192 | +3.3% |
| Financial fixed assets | 28 | €345,308 | €345,308 | = | 0.0% |
| Current assets | 29/58 | €300,165 | €275,098 | -€25,068 | -8.4% |
| Amounts receivable within one year | 40/41 | €227,826 | €235,086 | +€7,260 | +3.2% |
| Trade receivables | 40 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 41 | €127,826 | €135,086 | +€7,260 | +5.7% |
| Cash at bank and in hand | 54/58 | €70,916 | €37,627 | -€33,289 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,424 | €2,384 | +€961 | +67.5% |
| Total equity and liabilities | 10/49 | €651,290 | €626,414 | -€24,876 | -3.8% |
| Equity | 10/15 | €600,752 | €569,522 | -€31,230 | -5.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €580,500 | €549,260 | -€31,240 | -5.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €578,500 | €547,260 | -€31,240 | -5.4% |
| Profit (loss) carried forward | 14 | €252 | €262 | +€10 | +3.9% |
| Amounts payable | 17/49 | €50,539 | €56,893 | +€6,354 | +12.6% |
| Amounts payable within one year | 42/48 | €50,539 | €56,893 | +€6,354 | +12.6% |
| Trade debts | 44 | €4,315 | €565 | -€3,751 | -86.9% |
| Suppliers | 440/4 | €4,315 | €565 | -€3,751 | -86.9% |
| Taxes, remuneration and social security | 45 | €40,153 | €9,456 | -€30,697 | -76.5% |
| Taxes | 450/3 | €40,153 | €9,456 | -€30,697 | -76.5% |
| Other amounts payable | 47/48 | €6,070 | €46,872 | +€40,802 | +672% |
| Turnover | 70 | €220,000 | €120,000 | -€100,000 | -45.5% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €84,554 | €115,464 | +€30,910 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €1,369 | +€1,012 | +283% |
| Other operating charges | 640/8 | €688 | €838 | +€149 | +21.7% |
| Non-recurring operating charges | 66A | €4,360 | €0 | -€4,360 | -100% |
| Gross operating margin | 9900 | €143,680 | €14,162 | -€129,518 | -90.1% |
| Operating profit (loss) | 9901 | €138,274 | €11,955 | -€126,319 | -91.4% |
| Financial income | 75/76B | €1,424 | €1,351 | -€73 | -5.1% |
| Recurring financial income | 75 | €1,424 | €1,351 | -€73 | -5.1% |
| Financial charges | 65/66B | €238 | €184 | -€54 | -22.6% |
| Recurring financial charges | 65 | €238 | €184 | -€54 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €139,460 | €13,122 | -€126,338 | -90.6% |
| Income taxes | 67/77 | €44,853 | €8,552 | -€36,302 | -80.9% |
| Profit (loss) for the period | 9904 | €94,606 | €4,570 | -€90,037 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,606 | €4,570 | -€90,037 | -95.2% |
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 28 October 2026 via checked.be.