SR TRADING: 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 TRADING
Largest movements
- Cash -€64,600
down €64,600 (-25.2%), from €256,131 to €191,530
mainly Stocks and contracts (-€50,502) and Receivables within one year (-€20,057)
- Stocks and contracts +€50,502
up €50,502 (+51.2%), from €98,709 to €149,211
- Receivables within one year +€20,057
up €20,057 (+53.6%), from €37,441 to €57,498
of which Trade receivables: +€18,965
- Other debts +€9,207
up €9,207 (+5.3%), from €172,441 to €181,648
- Reserves +€7,518
up €7,518 (+7.1%), from €105,974 to €113,492
of which Distributable reserves: +€7,518
- Trade debts -€5,825
down €5,825 (-80.5%), from €7,233 to €1,408
- Tax, wage and social debts -€5,251
down €5,251 (-50.2%), from €10,451 to €5,199
of which Remuneration and social security: -€2,798
- Gross operating margin +€14,250
up €14,250 (+172.0%), from €8,283 to €22,533
- Staff costs +€3,370
up €3,370 (+44.1%), from €7,643 to €11,012
- Financial charges -€2,931
down €2,931 (-94.1%), from €3,116 to €185
- Taxes +€1,734
new in 2025: €1,734
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 | €400,201 | €405,849 | +€5,648 | +1.4% |
| Fixed assets | 21/28 | €4,776 | €4,154 | -€622 | -13.0% |
| Tangible fixed assets | 22/27 | €4,776 | €4,154 | -€622 | -13.0% |
| Other tangible fixed assets | 26 | €4,776 | €4,154 | -€622 | -13.0% |
| Current assets | 29/58 | €395,425 | €401,695 | +€6,270 | +1.6% |
| Stocks and contracts in progress | 3 | €98,709 | €149,211 | +€50,502 | +51.2% |
| Stocks | 30/36 | €98,709 | €149,211 | +€50,502 | +51.2% |
| Amounts receivable within one year | 40/41 | €37,441 | €57,498 | +€20,057 | +53.6% |
| Trade receivables | 40 | €14,308 | €33,272 | +€18,965 | +132.6% |
| Other amounts receivable | 41 | €23,134 | €24,226 | +€1,092 | +4.7% |
| Cash at bank and in hand | 54/58 | €256,131 | €191,530 | -€64,600 | -25.2% |
| Deferred charges and accrued income | 490/1 | €3,144 | €3,455 | +€311 | +9.9% |
| Total equity and liabilities | 10/49 | €400,201 | €405,849 | +€5,648 | +1.4% |
| Equity | 10/15 | €120,077 | €127,594 | +€7,518 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,974 | €113,492 | +€7,518 | +7.1% |
| 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 | €104,114 | €111,632 | +€7,518 | +7.2% |
| Profit (loss) carried forward | 14 | -€4,497 | -€4,497 | = | 0.0% |
| Amounts payable | 17/49 | €280,124 | €278,255 | -€1,870 | -0.7% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €190,124 | €188,255 | -€1,870 | -1.0% |
| Trade debts | 44 | €7,233 | €1,408 | -€5,825 | -80.5% |
| Suppliers | 440/4 | €7,233 | €1,408 | -€5,825 | -80.5% |
| Taxes, remuneration and social security | 45 | €10,451 | €5,199 | -€5,251 | -50.2% |
| Taxes | 450/3 | €5,653 | €3,199 | -€2,454 | -43.4% |
| Remuneration and social security | 454/9 | €4,798 | €2,000 | -€2,798 | -58.3% |
| Other amounts payable | 47/48 | €172,441 | €181,648 | +€9,207 | +5.3% |
| Non-recurring operating income | 76A | €7,625 | €0 | -€7,625 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,643 | €11,012 | +€3,370 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €622 | = | 0.0% |
| Other operating charges | 640/8 | €1,400 | €1,463 | +€63 | +4.5% |
| Gross operating margin | 9900 | €8,283 | €22,533 | +€14,250 | +172.0% |
| Operating profit (loss) | 9901 | -€1,382 | €9,436 | +€10,817 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +63.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +63.6% |
| Financial charges | 65/66B | €3,116 | €185 | -€2,931 | -94.1% |
| Recurring financial charges | 65 | €3,116 | €185 | -€2,931 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,497 | €9,252 | +€13,749 | |
| Income taxes | 67/77 | - | €1,734 | +€1,734 | |
| Profit (loss) for the period | 9904 | -€4,497 | €7,518 | +€12,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,497 | €7,518 | +€12,015 |
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 11 October 2026 via checked.be.