SR VASTGOED: 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 VASTGOED
Largest movements
- Cash +€23,268
up €23,268 (+91.5%), from €25,436 to €48,705
mainly Other debts (+€51,636) and Net result for the year (+€31,224)
- Receivables within one year +€1,958
up €1,958 (+32.1%), from €6,103 to €8,060
- Stocks and contracts +€1,881
new in 2025: €1,881
- Deferred charges and accrued income +€1,541
up €1,541 (+80.9%), from €1,904 to €3,445
- Other debts +€51,636
up €51,636 (+597%), from €8,647 to €60,283
- Reserves -€26,275
down €26,275 (-100%), from €26,275 to €0
- Tax, wage and social debts +€2,282
up €2,282 (+42.9%), from €5,324 to €7,605
of which Remuneration and social security: +€1,491
- Trade debts +€1,031
up €1,031 (+23.1%), from €4,471 to €5,502
- Gross operating margin +€33,875
up €33,875 (+293%), from €11,558 to €45,434
- Taxes +€10,149
up €10,149 (+330%), from €3,076 to €13,224
- Financial charges -€1,280
down €1,280 (-85.9%), from €1,490 to €210
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 | €49,193 | €77,391 | +€28,198 | +57.3% |
| Fixed assets | 21/28 | €450 | €0 | -€450 | -100% |
| Tangible fixed assets | 22/27 | €450 | €0 | -€450 | -100% |
| Furniture and vehicles | 24 | €450 | €0 | -€450 | -100% |
| Current assets | 29/58 | €48,743 | €77,391 | +€28,648 | +58.8% |
| Amounts receivable after more than one year | 29 | €15,300 | €15,300 | = | 0.0% |
| Other amounts receivable | 291 | €15,300 | €15,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €1,881 | +€1,881 | |
| Stocks | 30/36 | - | €1,881 | +€1,881 | |
| Amounts receivable within one year | 40/41 | €6,103 | €8,060 | +€1,958 | +32.1% |
| Trade receivables | 40 | €6,103 | €8,060 | +€1,958 | +32.1% |
| Cash at bank and in hand | 54/58 | €25,436 | €48,705 | +€23,268 | +91.5% |
| Deferred charges and accrued income | 490/1 | €1,904 | €3,445 | +€1,541 | +80.9% |
| Total equity and liabilities | 10/49 | €49,193 | €77,391 | +€28,198 | +57.3% |
| Equity | 10/15 | €30,275 | €4,000 | -€26,275 | -86.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €26,275 | €0 | -€26,275 | -100% |
| Distributable reserves | 133 | €26,275 | €0 | -€26,275 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,918 | €73,391 | +€54,473 | +288% |
| Amounts payable within one year | 42/48 | €18,442 | €73,391 | +€54,949 | +298% |
| Trade debts | 44 | €4,471 | €5,502 | +€1,031 | +23.1% |
| Suppliers | 440/4 | €4,471 | €5,502 | +€1,031 | +23.1% |
| Taxes, remuneration and social security | 45 | €5,324 | €7,605 | +€2,282 | +42.9% |
| Taxes | 450/3 | €5,324 | €6,114 | +€791 | +14.8% |
| Remuneration and social security | 454/9 | €0 | €1,491 | +€1,491 | |
| Other amounts payable | 47/48 | €8,647 | €60,283 | +€51,636 | +597% |
| Accrued charges and deferred income | 492/3 | €476 | €0 | -€476 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €450 | -€388 | -46.3% |
| Other operating charges | 640/8 | €526 | €543 | +€17 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,558 | €45,434 | +€33,875 | +293% |
| Operating profit (loss) | 9901 | €10,194 | €44,441 | +€34,246 | +336% |
| Financial income | 75/76B | €128 | €218 | +€90 | +70.6% |
| Recurring financial income | 75 | €128 | €218 | +€90 | +70.6% |
| Financial charges | 65/66B | €1,490 | €210 | -€1,280 | -85.9% |
| Recurring financial charges | 65 | €1,490 | €210 | -€1,280 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €8,833 | €44,449 | +€35,616 | +403% |
| Income taxes | 67/77 | €3,076 | €13,224 | +€10,149 | +330% |
| Profit (loss) for the period | 9904 | €5,757 | €31,224 | +€25,468 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €5,757 | €31,224 | +€25,468 | +442% |
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 21 October 2026 via checked.be.