SRDB IMMO: 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.
SRDB IMMO
Largest movements
- Stocks and contracts +€105,931
up €105,931 (+57.6%), from €183,962 to €289,892
- Cash +€5,149
up €5,149 (+9.4%), from €54,642 to €59,791
mainly Debts after one year (+€97,000) and Net result for the year (+€18,792)
- Receivables within one year +€4,273
up €4,273 (+403%), from €1,059 to €5,332
of which Other amounts receivable: +€5,332
- Debts after one year +€97,000
up €97,000 (+75.8%), from €128,000 to €225,000
- Reserves +€18,512
up €18,512 (+171%), from €10,820 to €29,332
- Trade debts -€6,036
down €6,036 (-86.9%), from €6,943 to €908
- Tax, wage and social debts +€4,333
up €4,333 (+2,293%), from €189 to €4,522
- Gross operating margin +€18,164
up €18,164 (+276%), from €6,574 to €24,738
- Financial income +€6,080
new in 2025: €6,080
- Taxes +€4,522
new in 2025: €4,522
- Depreciation +€1,136
up €1,136 (+970%), from €117 to €1,253
- Financial charges -€487
down €487 (-7.2%), from €6,737 to €6,250
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 | €245,815 | €359,915 | +€114,099 | +46.4% |
| Fixed assets | 21/28 | €6,153 | €4,900 | -€1,253 | -20.4% |
| Tangible fixed assets | 22/27 | €6,153 | €4,900 | -€1,253 | -20.4% |
| Plant, machinery and equipment | 23 | €6,153 | €4,900 | -€1,253 | -20.4% |
| Current assets | 29/58 | €239,663 | €355,015 | +€115,352 | +48.1% |
| Stocks and contracts in progress | 3 | €183,962 | €289,892 | +€105,931 | +57.6% |
| Stocks | 30/36 | €183,962 | €289,892 | +€105,931 | +57.6% |
| Amounts receivable within one year | 40/41 | €1,059 | €5,332 | +€4,273 | +403% |
| Trade receivables | 40 | €1,059 | - | -€1,059 | |
| Other amounts receivable | 41 | - | €5,332 | +€5,332 | |
| Cash at bank and in hand | 54/58 | €54,642 | €59,791 | +€5,149 | +9.4% |
| Total equity and liabilities | 10/49 | €245,815 | €359,915 | +€114,099 | +46.4% |
| Equity | 10/15 | €110,540 | €129,332 | +€18,792 | +17.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,820 | €29,332 | +€18,512 | +171% |
| Distributable reserves | 133 | €10,820 | €29,332 | +€18,512 | +171% |
| Profit (loss) carried forward | 14 | -€280 | - | +€280 | |
| Amounts payable | 17/49 | €135,276 | €230,583 | +€95,307 | +70.5% |
| Amounts payable after more than one year | 17 | €128,000 | €225,000 | +€97,000 | +75.8% |
| Financial debts | 170/4 | €128,000 | €225,000 | +€97,000 | +75.8% |
| Amounts payable within one year | 42/48 | €7,272 | €5,572 | -€1,700 | -23.4% |
| Trade debts | 44 | €6,943 | €908 | -€6,036 | -86.9% |
| Suppliers | 440/4 | €6,943 | €908 | -€6,036 | -86.9% |
| Taxes, remuneration and social security | 45 | €189 | €4,522 | +€4,333 | +2,293% |
| Taxes | 450/3 | €189 | €4,522 | +€4,333 | +2,293% |
| Other amounts payable | 47/48 | €140 | €142 | +€2 | +1.7% |
| Accrued charges and deferred income | 492/3 | €3 | €11 | +€7 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €1,253 | +€1,136 | +970% |
| Gross operating margin | 9900 | €6,574 | €24,738 | +€18,164 | +276% |
| Operating profit (loss) | 9901 | €6,457 | €23,485 | +€17,029 | +264% |
| Financial income | 75/76B | - | €6,080 | +€6,080 | |
| Recurring financial income | 75 | - | €6,080 | +€6,080 | |
| Financial charges | 65/66B | €6,737 | €6,250 | -€487 | -7.2% |
| Recurring financial charges | 65 | €6,737 | €6,250 | -€487 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€280 | €23,315 | +€23,595 | |
| Income taxes | 67/77 | - | €4,522 | +€4,522 | |
| Profit (loss) for the period | 9904 | -€280 | €18,792 | +€19,072 | |
| Profit (loss) for the period to be appropriated | 9905 | -€280 | €18,792 | +€19,072 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.