SRB DISTRIBUTION: 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.
SRB DISTRIBUTION
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€96,575
up €96,575 (+26.4%), from €365,829 to €462,404
- Debts after one year -€60,638
down €60,638 (-14.1%), from €430,658 to €370,021
- Tax, wage and social debts -€25,859
down €25,859 (-45.3%), from €57,090 to €31,231
of which Taxes: -€22,330
- Gross operating margin -€28,025
down €28,025 (-71.5%), from €39,220 to €11,195
- Staff costs -€13,190
no longer reported in 2025 (was €13,190)
- Financial charges -€3,424
down €3,424 (-16.5%), from €20,704 to €17,280
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 | €1,057,038 | €1,057,551 | +€513 | 0.0% |
| Formation expenses | 20 | €862 | €505 | -€357 | -41.4% |
| Fixed assets | 21/28 | €1,056,000 | €1,056,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,056,000 | €1,056,000 | = | 0.0% |
| Current assets | 29/58 | €176 | €1,046 | +€870 | +494% |
| Cash at bank and in hand | 54/58 | €176 | €977 | +€800 | +454% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €1,057,038 | €1,057,551 | +€513 | 0.0% |
| Equity | 10/15 | €140,605 | €132,685 | -€7,921 | -5.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €15,605 | €15,605 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Legal reserve | 130 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €14,805 | €14,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,921 | -€7,921 | |
| Amounts payable | 17/49 | €916,433 | €924,866 | +€8,433 | +0.9% |
| Amounts payable after more than one year | 17 | €430,658 | €370,021 | -€60,638 | -14.1% |
| Financial debts | 170/4 | €430,658 | €370,021 | -€60,638 | -14.1% |
| Amounts payable within one year | 42/48 | €485,774 | €554,846 | +€69,071 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €62,365 | €58,638 | -€3,727 | -6.0% |
| Trade debts | 44 | €490 | €2,573 | +€2,083 | +425% |
| Suppliers | 440/4 | €490 | €2,573 | +€2,083 | +425% |
| Taxes, remuneration and social security | 45 | €57,090 | €31,231 | -€25,859 | -45.3% |
| Taxes | 450/3 | €53,561 | €31,231 | -€22,330 | -41.7% |
| Remuneration and social security | 454/9 | €3,529 | - | -€3,529 | |
| Other amounts payable | 47/48 | €365,829 | €462,404 | +€96,575 | +26.4% |
| Non-recurring operating income | 76A | - | €12,144 | +€12,144 | |
| Remuneration, social security and pensions | 62 | €13,190 | - | -€13,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €357 | = | 0.0% |
| Other operating charges | 640/8 | - | €365 | +€365 | |
| Gross operating margin | 9900 | €39,220 | €11,195 | -€28,025 | -71.5% |
| Operating profit (loss) | 9901 | €25,673 | €10,473 | -€15,199 | -59.2% |
| Financial charges | 65/66B | €20,704 | €17,280 | -€3,424 | -16.5% |
| Recurring financial charges | 65 | €20,704 | €17,280 | -€3,424 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €4,969 | -€6,806 | -€11,775 | |
| Income taxes | 67/77 | €994 | €1,114 | +€121 | +12.1% |
| Profit (loss) for the period | 9904 | €3,975 | -€7,921 | -€11,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | -€7,921 | -€11,895 |
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 25 October 2026 via checked.be.