SRDTechnics: 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.
SRDTechnics
Largest movements
- Cash +€76,979
up €76,979 (+39.1%), from €196,800 to €273,779
mainly Net result for the year (+€52,397) and Receivables within one year (+€41,505)
- Receivables within one year -€41,505
down €41,505 (-24.2%), from €171,849 to €130,344
of which Trade receivables: -€47,505
- Current investments +€19,704
up €19,704 (+61.7%), from €31,912 to €51,616
- Tangible fixed assets -€15,442
down €15,442 (-4.8%), from €319,514 to €304,072
of which Land and buildings: -€9,475
- Reserves +€52,397
up €52,397 (+9.1%), from €575,683 to €628,080
of which Distributable reserves: +€52,397
- Tax, wage and social debts -€11,891
down €11,891 (-75.9%), from €15,658 to €3,767
- Gross operating margin -€90,022
down €90,022 (-49.1%), from €183,318 to €93,297
- Taxes -€26,045
down €26,045 (-51.6%), from €50,486 to €24,441
- Write-downs -€7,947
down €7,947, from €7,325 to -€622
- Financial charges +€4,300
up €4,300, from -€3,901 to €398
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,575 | €762,436 | +€39,861 | +5.5% |
| Fixed assets | 21/28 | €322,014 | €306,572 | -€15,442 | -4.8% |
| Tangible fixed assets | 22/27 | €319,514 | €304,072 | -€15,442 | -4.8% |
| Land and buildings | 22 | €279,297 | €269,822 | -€9,475 | -3.4% |
| Plant, machinery and equipment | 23 | €40,216 | €34,249 | -€5,967 | -14.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €400,561 | €455,864 | +€55,303 | +13.8% |
| Amounts receivable within one year | 40/41 | €171,849 | €130,344 | -€41,505 | -24.2% |
| Trade receivables | 40 | €152,349 | €104,844 | -€47,505 | -31.2% |
| Other amounts receivable | 41 | €19,500 | €25,500 | +€6,000 | +30.8% |
| Current investments | 50/53 | €31,912 | €51,616 | +€19,704 | +61.7% |
| Cash at bank and in hand | 54/58 | €196,800 | €273,779 | +€76,979 | +39.1% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €722,575 | €762,436 | +€39,861 | +5.5% |
| Equity | 10/15 | €637,183 | €689,580 | +€52,397 | +8.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €575,683 | €628,080 | +€52,397 | +9.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €569,533 | €621,930 | +€52,397 | +9.2% |
| Amounts payable | 17/49 | €85,392 | €72,856 | -€12,536 | -14.7% |
| Amounts payable within one year | 42/48 | €85,392 | €72,856 | -€12,536 | -14.7% |
| Trade debts | 44 | €69,734 | €69,089 | -€645 | -0.9% |
| Suppliers | 440/4 | €69,734 | €69,089 | -€645 | -0.9% |
| Taxes, remuneration and social security | 45 | €15,658 | €3,767 | -€11,891 | -75.9% |
| Taxes | 450/3 | €15,658 | €3,767 | -€11,891 | -75.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,381 | €15,442 | +€61 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,325 | -€622 | -€7,947 | |
| Other operating charges | 640/8 | €516 | €1,306 | +€789 | +153% |
| Non-recurring operating charges | 66A | €1,850 | €0 | -€1,850 | -100% |
| Gross operating margin | 9900 | €183,318 | €93,297 | -€90,022 | -49.1% |
| Operating profit (loss) | 9901 | €158,246 | €77,171 | -€81,075 | -51.2% |
| Financial income | 75/76B | €0 | €65 | +€64 | +17,867% |
| Recurring financial income | 75 | €0 | €65 | +€64 | +17,867% |
| Financial charges | 65/66B | -€3,901 | €398 | +€4,300 | |
| Recurring financial charges | 65 | -€3,901 | €398 | +€4,300 | |
| Profit (loss) for the period before taxes | 9903 | €162,148 | €76,838 | -€85,310 | -52.6% |
| Income taxes | 67/77 | €50,486 | €24,441 | -€26,045 | -51.6% |
| Profit (loss) for the period | 9904 | €111,662 | €52,397 | -€59,265 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,662 | €52,397 | -€59,265 | -53.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.