SRD TEAM: 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.
SRD TEAM
Largest movements
- Receivables within one year +€9,819
up €9,819 (+66.6%), from €14,737 to €24,556
of which Other amounts receivable: +€12,942
- Tangible fixed assets +€969
up €969 (+27.1%), from €3,579 to €4,548
- Cash -€517
down €517 (-47.0%), from €1,099 to €582
mainly Receivables within one year (-€9,819) and Investment in fixed assets (net) (-€2,100)
- Profit (loss) carried forward +€9,292
up €9,292 (+81.2%), from €11,443 to €20,735
- Tax, wage and social debts +€1,228
up €1,228 (+21.4%), from €5,724 to €6,952
- Gross operating margin +€7,148
up €7,148 (+87.5%), from €8,171 to €15,319
- Taxes +€1,374
up €1,374 (+74.1%), from €1,853 to €3,228
- Depreciation +€967
up €967 (+591%), from €164 to €1,131
- Other operating charges +€642
up €642 (+200%), from €321 to €963
- Financial charges +€496
up €496 (+237%), from €210 to €706
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 | €19,415 | €29,686 | +€10,272 | +52.9% |
| Fixed assets | 21/28 | €3,579 | €4,548 | +€969 | +27.1% |
| Tangible fixed assets | 22/27 | €3,579 | €4,548 | +€969 | +27.1% |
| Plant, machinery and equipment | 23 | €3,579 | €4,548 | +€969 | +27.1% |
| Current assets | 29/58 | €15,836 | €25,139 | +€9,303 | +58.7% |
| Amounts receivable within one year | 40/41 | €14,737 | €24,556 | +€9,819 | +66.6% |
| Trade receivables | 40 | €6,500 | €3,378 | -€3,122 | -48.0% |
| Other amounts receivable | 41 | €8,237 | €21,178 | +€12,942 | +157% |
| Cash at bank and in hand | 54/58 | €1,099 | €582 | -€517 | -47.0% |
| Total equity and liabilities | 10/49 | €19,415 | €29,686 | +€10,272 | +52.9% |
| Equity | 10/15 | €13,443 | €22,735 | +€9,292 | +69.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,443 | €20,735 | +€9,292 | +81.2% |
| Amounts payable | 17/49 | €5,972 | €6,952 | +€980 | +16.4% |
| Amounts payable within one year | 42/48 | €5,972 | €6,952 | +€980 | +16.4% |
| Trade debts | 44 | €248 | - | -€248 | |
| Suppliers | 440/4 | €248 | - | -€248 | |
| Taxes, remuneration and social security | 45 | €5,724 | €6,952 | +€1,228 | +21.4% |
| Taxes | 450/3 | €5,724 | €6,952 | +€1,228 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164 | €1,131 | +€967 | +591% |
| Other operating charges | 640/8 | €321 | €963 | +€642 | +200% |
| Gross operating margin | 9900 | €8,171 | €15,319 | +€7,148 | +87.5% |
| Operating profit (loss) | 9901 | €7,687 | €13,225 | +€5,538 | +72.0% |
| Financial charges | 65/66B | €210 | €706 | +€496 | +237% |
| Recurring financial charges | 65 | €210 | €706 | +€496 | +237% |
| Profit (loss) for the period before taxes | 9903 | €7,478 | €12,519 | +€5,042 | +67.4% |
| Income taxes | 67/77 | €1,853 | €3,228 | +€1,374 | +74.1% |
| Profit (loss) for the period | 9904 | €5,624 | €9,292 | +€3,668 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,624 | €9,292 | +€3,668 | +65.2% |
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 30 October 2026 via checked.be.