SR CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets +€23,922
up €23,922 (+2,414%), from €991 to €24,913
of which Leasing and similar rights: +€22,242
- Receivables within one year +€11,218
up €11,218 (+174%), from €6,441 to €17,659
of which Trade receivables: +€10,043
- Cash +€2,094
up €2,094 (+45.6%), from €4,596 to €6,690
mainly Debts after one year (+€16,246) and Net result for the year (+€13,273)
- Debts after one year +€16,246
new in 2025: €16,246
- Profit (loss) carried forward +€13,273
up €13,273 (+264%), from €5,032 to €18,306
- Current portion of long-term debt +€5,570
new in 2025: €5,570
- Tax, wage and social debts +€2,416
up €2,416 (+68.1%), from €3,545 to €5,961
of which Taxes: +€2,564
- Turnover +€22,731
up €22,731 (+53.9%), from €42,150 to €64,881
- Gross operating margin +€12,810
up €12,810 (+189%), from €6,789 to €19,599
- Purchases and services +€9,921
up €9,921 (+28.1%), from €35,361 to €45,282
- Depreciation +€3,141
up €3,141 (+2,274%), from €138 to €3,279
- Taxes +€2,129
up €2,129 (+166%), from €1,286 to €3,415
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 | €12,027 | €49,262 | +€37,234 | +310% |
| Fixed assets | 21/28 | €991 | €24,913 | +€23,922 | +2,414% |
| Tangible fixed assets | 22/27 | €991 | €24,913 | +€23,922 | +2,414% |
| Plant, machinery and equipment | 23 | - | €2,056 | +€2,056 | |
| Furniture and vehicles | 24 | €991 | €615 | -€376 | -38.0% |
| Leasing and similar rights | 25 | - | €22,242 | +€22,242 | |
| Current assets | 29/58 | €11,037 | €24,349 | +€13,312 | +121% |
| Amounts receivable within one year | 40/41 | €6,441 | €17,659 | +€11,218 | +174% |
| Trade receivables | 40 | €4,300 | €14,343 | +€10,043 | +234% |
| Other amounts receivable | 41 | €2,141 | €3,316 | +€1,175 | +54.9% |
| Cash at bank and in hand | 54/58 | €4,596 | €6,690 | +€2,094 | +45.6% |
| Total equity and liabilities | 10/49 | €12,027 | €49,262 | +€37,234 | +310% |
| Equity | 10/15 | €8,032 | €21,306 | +€13,273 | +165% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,032 | €18,306 | +€13,273 | +264% |
| Amounts payable | 17/49 | €3,995 | €27,956 | +€23,961 | +600% |
| Amounts payable after more than one year | 17 | - | €16,246 | +€16,246 | |
| Financial debts | 170/4 | - | €16,246 | +€16,246 | |
| Amounts payable within one year | 42/48 | €3,995 | €11,710 | +€7,715 | +193% |
| Current portion of amounts payable after more than one year | 42 | - | €5,570 | +€5,570 | |
| Trade debts | 44 | €450 | €180 | -€271 | -60.1% |
| Suppliers | 440/4 | €450 | €180 | -€271 | -60.1% |
| Taxes, remuneration and social security | 45 | €3,545 | €5,961 | +€2,416 | +68.1% |
| Taxes | 450/3 | €1,545 | €4,109 | +€2,564 | +166% |
| Remuneration and social security | 454/9 | €2,000 | €1,852 | -€148 | -7.4% |
| Turnover | 70 | €42,150 | €64,881 | +€22,731 | +53.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,361 | €45,282 | +€9,921 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €3,279 | +€3,141 | +2,274% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Operating charges capitalised as restructuring costs | 649 | - | -€384 | -€384 | |
| Gross operating margin | 9900 | €6,789 | €19,599 | +€12,810 | +189% |
| Operating profit (loss) | 9901 | €6,266 | €16,705 | +€10,438 | +167% |
| Financial income | 75/76B | €55 | €135 | +€80 | +144% |
| Recurring financial income | 75 | €55 | €135 | +€80 | +144% |
| Financial charges | 65/66B | €3 | €151 | +€148 | +4,953% |
| Recurring financial charges | 65 | €3 | €151 | +€148 | +4,953% |
| Profit (loss) for the period before taxes | 9903 | €6,319 | €16,689 | +€10,370 | +164% |
| Income taxes | 67/77 | €1,286 | €3,415 | +€2,129 | +166% |
| Profit (loss) for the period | 9904 | €5,032 | €13,273 | +€8,241 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €5,032 | €13,273 | +€8,241 | +164% |
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 16 October 2026 via checked.be.