SRC: 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.
SRC
Largest movements
- Receivables within one year -€31,768
down €31,768 (-49.0%), from €64,863 to €33,095
of which Trade receivables: -€29,863
- Tangible fixed assets -€16,944
down €16,944 (-35.3%), from €47,960 to €31,015
- Cash -€12,139
down €12,139 (-20.1%), from €60,495 to €48,356
mainly Contributions, distributions and other (-€72,000) and Other debts (-€35,767)
- Other debts -€35,767
down €35,767 (-30.0%), from €119,398 to €83,631
- Debts after one year -€10,890
down €10,890 (-100%), from €10,890 to €0
- Current portion of long-term debt -€7,577
down €7,577 (-41.0%), from €18,467 to €10,890
- Trade debts -€3,991
down €3,991 (-79.8%), from €5,000 to €1,008
- Tax, wage and social debts -€2,943
down €2,943 (-50.2%), from €5,861 to €2,918
- Gross operating margin +€3,818
up €3,818 (+3.5%), from €108,215 to €112,033
- Financial charges -€2,709
down €2,709 (-85.4%), from €3,174 to €464
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 | €178,484 | €117,677 | -€60,806 | -34.1% |
| Fixed assets | 21/28 | €47,960 | €31,015 | -€16,944 | -35.3% |
| Tangible fixed assets | 22/27 | €47,960 | €31,015 | -€16,944 | -35.3% |
| Furniture and vehicles | 24 | €47,960 | €31,015 | -€16,944 | -35.3% |
| Current assets | 29/58 | €130,524 | €86,662 | -€43,862 | -33.6% |
| Amounts receivable within one year | 40/41 | €64,863 | €33,095 | -€31,768 | -49.0% |
| Trade receivables | 40 | €62,472 | €32,610 | -€29,863 | -47.8% |
| Other amounts receivable | 41 | €2,391 | €486 | -€1,905 | -79.7% |
| Cash at bank and in hand | 54/58 | €60,495 | €48,356 | -€12,139 | -20.1% |
| Deferred charges and accrued income | 490/1 | €5,166 | €5,211 | +€44 | +0.9% |
| Total equity and liabilities | 10/49 | €178,484 | €117,677 | -€60,806 | -34.1% |
| Equity | 10/15 | €18,867 | €19,230 | +€363 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €267 | €630 | +€363 | +136% |
| Distributable reserves | 133 | €267 | €630 | +€363 | +136% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €159,616 | €98,447 | -€61,169 | -38.3% |
| Amounts payable after more than one year | 17 | €10,890 | €0 | -€10,890 | -100% |
| Financial debts | 170/4 | €10,890 | €0 | -€10,890 | -100% |
| Amounts payable within one year | 42/48 | €148,726 | €98,447 | -€50,279 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €18,467 | €10,890 | -€7,577 | -41.0% |
| Trade debts | 44 | €5,000 | €1,008 | -€3,991 | -79.8% |
| Suppliers | 440/4 | €5,000 | €1,008 | -€3,991 | -79.8% |
| Taxes, remuneration and social security | 45 | €5,861 | €2,918 | -€2,943 | -50.2% |
| Taxes | 450/3 | €5,861 | €2,918 | -€2,943 | -50.2% |
| Other amounts payable | 47/48 | €119,398 | €83,631 | -€35,767 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,661 | €19,694 | +€33 | +0.2% |
| Other operating charges | 640/8 | €967 | €997 | +€30 | +3.1% |
| Gross operating margin | 9900 | €108,215 | €112,033 | +€3,818 | +3.5% |
| Operating profit (loss) | 9901 | €87,587 | €91,342 | +€3,754 | +4.3% |
| Financial income | 75/76B | €407 | €0 | -€407 | -100.0% |
| Recurring financial income | 75 | €407 | €0 | -€407 | -100.0% |
| Financial charges | 65/66B | €3,174 | €464 | -€2,709 | -85.4% |
| Recurring financial charges | 65 | €3,174 | €464 | -€2,709 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €84,820 | €90,877 | +€6,057 | +7.1% |
| Income taxes | 67/77 | €17,731 | €18,514 | +€783 | +4.4% |
| Profit (loss) for the period | 9904 | €67,089 | €72,363 | +€5,274 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,089 | €72,363 | +€5,274 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.