SR-PROJECTS: what changed
Two fiscal 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-PROJECTS
Largest movements
- Tangible fixed assets -€14,859
down €14,859 (-40.9%), from €36,372 to €21,513
of which Plant, machinery and equipment: -€14,084
- Cash -€6,690
down €6,690 (-62.0%), from €10,789 to €4,099
mainly Debts after one year (-€8,289) and Receivables within one year (-€4,376)
- Receivables within one year +€4,376
up €4,376 (+1284.2%), from €341 to €4,717
of which Trade receivables: +€4,204
- Deferred charges and accrued income +€2,892
up €2,892 (+377.6%), from €766 to €3,657
- Stocks and contracts -€800
down €800 (-48.5%), from €1,650 to €850
- Debts after one year -€8,289
down €8,289 (-47.1%), from €17,588 to €9,299
of which Financial debts: -€8,289
- Other debts -€2,079
down €2,079 (-33.1%), from €6,276 to €4,197
- Profit (loss) carried forward -€1,971
down €1,971 (-44.1%), from -€4,466 to -€6,437
- Current portion of long-term debt -€1,831
down €1,831 (-15.1%), from €12,120 to €10,289
- Tax, wage and social debts -€1,328
down €1,328 (-44.5%), from €2,985 to €1,657
- Other operating charges -€806
down €806 (-63.2%), from €1,275 to €469
- Gross operating margin +€397
up €397 (+2.9%), from €13,859 to €14,256
- Financial income -€261
down €261 (-99.2%), from €263 to €2
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.
Cash bridge derived
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 | €49,918 | €34,837 | -€15,081 | -30.2% |
| Fixed assets | 21/28 | €36,372 | €21,513 | -€14,859 | -40.9% |
| Tangible fixed assets | 22/27 | €36,372 | €21,513 | -€14,859 | -40.9% |
| Plant, machinery and equipment | 23 | €34,543 | €20,459 | -€14,084 | -40.8% |
| Other tangible fixed assets | 26 | €1,829 | €1,054 | -€775 | -42.4% |
| Current assets | 29/58 | €13,546 | €13,324 | -€222 | -1.6% |
| Stocks and contracts in progress | 3 | €1,650 | €850 | -€800 | -48.5% |
| Stocks | 30/36 | €1,650 | €850 | -€800 | -48.5% |
| Amounts receivable within one year | 40/41 | €341 | €4,717 | +€4,376 | +1284.2% |
| Trade receivables | 40 | €0 | €4,204 | +€4,204 | |
| Other amounts receivable | 41 | €341 | €513 | +€172 | +50.5% |
| Cash at bank and in hand | 54/58 | €10,789 | €4,099 | -€6,690 | -62.0% |
| Deferred charges and accrued income | 490/1 | €766 | €3,657 | +€2,892 | +377.6% |
| Total equity and liabilities | 10/49 | €49,918 | €34,837 | -€15,081 | -30.2% |
| Equity | 10/15 | €5,534 | €3,563 | -€1,971 | -35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,466 | -€6,437 | -€1,971 | -44.1% |
| Amounts payable | 17/49 | €44,384 | €31,274 | -€13,110 | -29.5% |
| Amounts payable after more than one year | 17 | €17,588 | €9,299 | -€8,289 | -47.1% |
| Financial debts | 170/4 | €17,588 | €9,299 | -€8,289 | -47.1% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,540 | €20,613 | -€4,927 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €12,120 | €10,289 | -€1,831 | -15.1% |
| Trade debts | 44 | €4,160 | €4,470 | +€311 | +7.5% |
| Suppliers | 440/4 | €4,160 | €4,470 | +€311 | +7.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,985 | €1,657 | -€1,328 | -44.5% |
| Taxes | 450/3 | €2,985 | €1,657 | -€1,328 | -44.5% |
| Other amounts payable | 47/48 | €6,276 | €4,197 | -€2,079 | -33.1% |
| Accrued charges and deferred income | 492/3 | €1,257 | €1,362 | +€105 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,859 | €14,859 | = | 0.0% |
| Other operating charges | 640/8 | €1,275 | €469 | -€806 | -63.2% |
| Gross operating margin | 9900 | €13,859 | €14,256 | +€397 | +2.9% |
| Operating profit (loss) | 9901 | -€2,275 | -€1,072 | +€1,203 | +52.9% |
| Financial income | 75/76B | €263 | €2 | -€261 | -99.2% |
| Recurring financial income | 75 | €263 | €2 | -€261 | -99.2% |
| Financial charges | 65/66B | €876 | €760 | -€116 | -13.3% |
| Recurring financial charges | 65 | €876 | €760 | -€116 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,888 | -€1,829 | +€1,059 | +36.7% |
| Income taxes | 67/77 | €126 | €141 | +€16 | +12.5% |
| Profit (loss) for the period | 9904 | -€3,014 | -€1,971 | +€1,043 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,014 | -€1,971 | +€1,043 | +34.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.