SR 75: 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 75
Largest movements
- Tangible fixed assets -€7,338
down €7,338 (-28.6%), from €25,685 to €18,347
of which Furniture and vehicles: -€7,300
- Receivables within one year +€6,457
up €6,457 (+3.8%), from €169,228 to €175,685
of which Other amounts receivable: +€14,083
- Cash +€3,919
up €3,919 (+275%), from €1,424 to €5,342
mainly Trade debts (+€16,359) and Depreciation (+€7,338)
- Trade debts +€16,359
up €16,359 (+569%), from €2,873 to €19,232
- Debts after one year -€8,607
down €8,607 (-54.0%), from €15,938 to €7,331
- Tax, wage and social debts -€7,904
down €7,904 (-46.4%), from €17,021 to €9,117
of which Taxes: -€4,904
- Profit (loss) carried forward +€3,291
up €3,291 (+2.6%), from €124,786 to €128,077
- Gross operating margin -€17,298
down €17,298 (-73.1%), from €23,655 to €6,358
- Financial income +€10,690
up €10,690 (+2,152%), from €497 to €11,187
- Financial charges -€6,291
down €6,291 (-57.7%), from €10,906 to €4,616
of which Non-recurring financial charges: -€5,956
- Depreciation +€4,166
up €4,166 (+131%), from €3,172 to €7,338
- Other operating charges -€1,759
down €1,759 (-83.2%), from €2,113 to €354
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 | €204,265 | €207,036 | +€2,770 | +1.4% |
| Fixed assets | 21/28 | €33,235 | €25,897 | -€7,338 | -22.1% |
| Tangible fixed assets | 22/27 | €25,685 | €18,347 | -€7,338 | -28.6% |
| Plant, machinery and equipment | 23 | €38 | - | -€38 | |
| Furniture and vehicles | 24 | €25,647 | €18,347 | -€7,300 | -28.5% |
| Financial fixed assets | 28 | €7,550 | €7,550 | = | 0.0% |
| Current assets | 29/58 | €171,030 | €181,138 | +€10,108 | +5.9% |
| Amounts receivable within one year | 40/41 | €169,228 | €175,685 | +€6,457 | +3.8% |
| Trade receivables | 40 | €11,874 | €4,248 | -€7,627 | -64.2% |
| Other amounts receivable | 41 | €157,354 | €171,437 | +€14,083 | +8.9% |
| Cash at bank and in hand | 54/58 | €1,424 | €5,342 | +€3,919 | +275% |
| Deferred charges and accrued income | 490/1 | €378 | €111 | -€267 | -70.6% |
| Total equity and liabilities | 10/49 | €204,265 | €207,036 | +€2,770 | +1.4% |
| Equity | 10/15 | €159,315 | €162,606 | +€3,291 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,929 | €15,929 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,069 | €14,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,786 | €128,077 | +€3,291 | +2.6% |
| Amounts payable | 17/49 | €44,950 | €44,430 | -€521 | -1.2% |
| Amounts payable after more than one year | 17 | €15,938 | €7,331 | -€8,607 | -54.0% |
| Financial debts | 170/4 | €15,938 | €7,331 | -€8,607 | -54.0% |
| Amounts payable within one year | 42/48 | €29,002 | €37,095 | +€8,093 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €9,094 | €8,745 | -€348 | -3.8% |
| Financial debts | 43 | €14 | - | -€14 | |
| Credit institutions | 430/8 | €14 | - | -€14 | |
| Trade debts | 44 | €2,873 | €19,232 | +€16,359 | +569% |
| Suppliers | 440/4 | €2,873 | €19,232 | +€16,359 | +569% |
| Taxes, remuneration and social security | 45 | €17,021 | €9,117 | -€7,904 | -46.4% |
| Taxes | 450/3 | €14,021 | €9,117 | -€4,904 | -35.0% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €11 | €4 | -€7 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,172 | €7,338 | +€4,166 | +131% |
| Other operating charges | 640/8 | €2,113 | €354 | -€1,759 | -83.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €23,655 | €6,358 | -€17,298 | -73.1% |
| Operating profit (loss) | 9901 | €18,370 | -€1,334 | -€19,704 | |
| Financial income | 75/76B | €497 | €11,187 | +€10,690 | +2,152% |
| Recurring financial income | 75 | €497 | €11,187 | +€10,690 | +2,152% |
| Financial charges | 65/66B | €10,906 | €4,616 | -€6,291 | -57.7% |
| Recurring financial charges | 65 | €1,768 | €1,433 | -€335 | -18.9% |
| Non-recurring financial charges | 66B | €9,139 | €3,183 | -€5,956 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €7,960 | €5,237 | -€2,723 | -34.2% |
| Income taxes | 67/77 | €3,517 | €1,946 | -€1,571 | -44.7% |
| Profit (loss) for the period | 9904 | €4,444 | €3,291 | -€1,153 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,444 | €3,291 | -€1,153 | -25.9% |
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 30 October 2026 via checked.be.