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 +€82,540
up €82,540 (+291.8%), from €28,285 to €110,825
of which Other amounts receivable: +€64,890
- Cash -€4,889
no longer reported in 2025 (was €4,889)
mainly Receivables within one year (-€82,540) and Investment in fixed assets (net) (-€2,050)
- Financial fixed assets +€2,050
new in 2025: €2,050
- Profit (loss) carried forward +€61,294
up €61,294 (+287.3%), from €21,333 to €82,627
- Tax, wage and social debts +€18,176
up €18,176 (+252.2%), from €7,206 to €25,382
of which Taxes: +€16,446
- Gross operating margin +€63,177
up €63,177 (+198.8%), from €31,773 to €94,950
- Staff costs +€18,514
up €18,514 (+694.7%), from €2,665 to €21,179
- Financial charges +€8,633
up €8,633 (+9464.9%), from €91 to €8,724
of which Non-recurring financial charges: +€8,455
- Taxes +€8,379
up €8,379 (+128.6%), from €6,517 to €14,896
- Other operating charges -€2,201
down €2,201 (-76.5%), from €2,875 to €675
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 | €33,702 | €113,197 | +€79,494 | +235.9% |
| Fixed assets | 21/28 | €529 | €2,372 | +€1,844 | +348.8% |
| Tangible fixed assets | 22/27 | €529 | €322 | -€206 | -39.0% |
| Plant, machinery and equipment | 23 | €529 | €322 | -€206 | -39.0% |
| Financial fixed assets | 28 | - | €2,050 | +€2,050 | |
| Current assets | 29/58 | €33,174 | €110,825 | +€77,651 | +234.1% |
| Amounts receivable within one year | 40/41 | €28,285 | €110,825 | +€82,540 | +291.8% |
| Trade receivables | 40 | €3,475 | €21,125 | +€17,649 | +507.8% |
| Other amounts receivable | 41 | €24,809 | €89,700 | +€64,890 | +261.6% |
| Cash at bank and in hand | 54/58 | €4,889 | - | -€4,889 | |
| Total equity and liabilities | 10/49 | €33,702 | €113,197 | +€79,494 | +235.9% |
| Equity | 10/15 | €22,833 | €84,127 | +€61,294 | +268.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,333 | €82,627 | +€61,294 | +287.3% |
| Amounts payable | 17/49 | €10,869 | €29,070 | +€18,201 | +167.5% |
| Amounts payable within one year | 42/48 | €9,978 | €29,070 | +€19,092 | +191.3% |
| Financial debts | 43 | - | €95 | +€95 | |
| Credit institutions | 430/8 | - | €95 | +€95 | |
| Trade debts | 44 | €2,372 | €3,194 | +€821 | +34.6% |
| Suppliers | 440/4 | €2,372 | €3,194 | +€821 | +34.6% |
| Taxes, remuneration and social security | 45 | €7,206 | €25,382 | +€18,176 | +252.2% |
| Taxes | 450/3 | €6,619 | €23,066 | +€16,446 | +248.5% |
| Remuneration and social security | 454/9 | €587 | €2,316 | +€1,729 | +294.8% |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €891 | - | -€891 | |
| Remuneration, social security and pensions | 62 | €2,665 | €21,179 | +€18,514 | +694.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €206 | +€116 | +128.2% |
| Other operating charges | 640/8 | €2,875 | €675 | -€2,201 | -76.5% |
| Gross operating margin | 9900 | €31,773 | €94,950 | +€63,177 | +198.8% |
| Operating profit (loss) | 9901 | €26,142 | €72,889 | +€46,747 | +178.8% |
| Financial income | 75/76B | €1,800 | €3,525 | +€1,725 | +95.8% |
| Recurring financial income | 75 | €1,800 | €3,525 | +€1,725 | +95.8% |
| Financial charges | 65/66B | €91 | €8,724 | +€8,633 | +9464.9% |
| Recurring financial charges | 65 | €91 | €269 | +€178 | +194.9% |
| Non-recurring financial charges | 66B | - | €8,455 | +€8,455 | |
| Profit (loss) for the period before taxes | 9903 | €27,850 | €67,690 | +€39,839 | +143.0% |
| Income taxes | 67/77 | €6,517 | €14,896 | +€8,379 | +128.6% |
| Profit (loss) for the period | 9904 | €21,333 | €52,794 | +€31,460 | +147.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,333 | €52,794 | +€31,460 | +147.5% |
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 10 October 2026 via checked.be.