SRC INVESTMENT: 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 INVESTMENT
Largest movements
- Receivables within one year +€25,799
up €25,799 (+53.7%), from €48,072 to €73,871
- Cash +€21,355
up €21,355 (+29.3%), from €72,849 to €94,204
mainly Net result for the year (+€34,459) and Deferred charges and accrued income (+€7,506)
- Deferred charges and accrued income -€7,506
down €7,506 (-68.7%), from €10,924 to €3,418
- Reserves +€30,000
up €30,000 (+40.0%), from €75,000 to €105,000
- Tax, wage and social debts +€6,387
up €6,387 (+14.4%), from €44,270 to €50,656
of which Taxes: +€6,637
- Profit (loss) carried forward +€4,459
up €4,459 (+36.2%), from €12,314 to €16,774
- Gross operating margin -€64,684
down €64,684 (-55.5%), from €116,567 to €51,883
- Taxes -€15,134
down €15,134 (-53.9%), from €28,079 to €12,944
- Financial charges +€2,066
up €2,066 (+1,810%), from €114 to €2,180
- Staff costs +€1,658
new in 2025: €1,658
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 | €133,008 | €173,586 | +€40,577 | +30.5% |
| Fixed assets | 21/28 | €1,163 | €2,092 | +€929 | +79.9% |
| Tangible fixed assets | 22/27 | €1,163 | €2,092 | +€929 | +79.9% |
| Furniture and vehicles | 24 | €1,163 | €2,092 | +€929 | +79.9% |
| Current assets | 29/58 | €131,846 | €171,494 | +€39,648 | +30.1% |
| Amounts receivable within one year | 40/41 | €48,072 | €73,871 | +€25,799 | +53.7% |
| Trade receivables | 40 | €48,072 | €73,871 | +€25,799 | +53.7% |
| Cash at bank and in hand | 54/58 | €72,849 | €94,204 | +€21,355 | +29.3% |
| Deferred charges and accrued income | 490/1 | €10,924 | €3,418 | -€7,506 | -68.7% |
| Total equity and liabilities | 10/49 | €133,008 | €173,586 | +€40,577 | +30.5% |
| Equity | 10/15 | €88,314 | €122,774 | +€34,459 | +39.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €105,000 | +€30,000 | +40.0% |
| Distributable reserves | 133 | €75,000 | €105,000 | +€30,000 | +40.0% |
| Profit (loss) carried forward | 14 | €12,314 | €16,774 | +€4,459 | +36.2% |
| Amounts payable | 17/49 | €44,694 | €50,812 | +€6,118 | +13.7% |
| Amounts payable within one year | 42/48 | €44,270 | €50,733 | +€6,464 | +14.6% |
| Taxes, remuneration and social security | 45 | €44,270 | €50,656 | +€6,387 | +14.4% |
| Taxes | 450/3 | €41,970 | €48,606 | +€6,637 | +15.8% |
| Remuneration and social security | 454/9 | €2,300 | €2,050 | -€250 | -10.9% |
| Other amounts payable | 47/48 | - | €77 | +€77 | |
| Accrued charges and deferred income | 492/3 | €424 | €78 | -€346 | -81.5% |
| Remuneration, social security and pensions | 62 | - | €1,658 | +€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €293 | +€233 | +390% |
| Other operating charges | 640/8 | €1,000 | €348 | -€652 | -65.2% |
| Gross operating margin | 9900 | €116,567 | €51,883 | -€64,684 | -55.5% |
| Operating profit (loss) | 9901 | €115,507 | €49,584 | -€65,923 | -57.1% |
| Financial charges | 65/66B | €114 | €2,180 | +€2,066 | +1,810% |
| Recurring financial charges | 65 | €114 | €2,180 | +€2,066 | +1,810% |
| Profit (loss) for the period before taxes | 9903 | €115,393 | €47,403 | -€67,990 | -58.9% |
| Income taxes | 67/77 | €28,079 | €12,944 | -€15,134 | -53.9% |
| Profit (loss) for the period | 9904 | €87,314 | €34,459 | -€52,855 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,314 | €34,459 | -€52,855 | -60.5% |
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 13 October 2026 via checked.be.