SREW: 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.
SREW
Largest movements
- Receivables within one year -€3,000
down €3,000 (-38.3%), from €7,839 to €4,839
of which Trade receivables: -€7,839
- Cash -€460
down €460 (-12.4%), from €3,699 to €3,239
mainly Net result for the year (-€421,856) and Trade debts (-€3,390)
- Profit (loss) carried forward -€421,856
down €421,856 (-3.9%), from -€10.9m to -€11.3m
- Debts after one year +€421,786
up €421,786 (+3.9%), from €10.8m to €11.2m
- Trade debts -€3,390
down €3,390 (-67.8%), from €5,000 to €1,610
- Financial charges -€107,787
down €107,787 (-13.5%), from €798,940 to €691,153
- Gross operating margin +€15,705
up €15,705, from -€15,403 to €302
- Financial income -€9,626
down €9,626 (-3.4%), from €279,020 to €269,395
- Other operating charges +€400
new in 2025: €400
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 | €11,539 | €8,078 | -€3,460 | -30.0% |
| Current assets | 29/58 | €11,539 | €8,078 | -€3,460 | -30.0% |
| Amounts receivable within one year | 40/41 | €7,839 | €4,839 | -€3,000 | -38.3% |
| Trade receivables | 40 | €7,839 | - | -€7,839 | |
| Other amounts receivable | 41 | - | €4,839 | +€4,839 | |
| Cash at bank and in hand | 54/58 | €3,699 | €3,239 | -€460 | -12.4% |
| Total equity and liabilities | 10/49 | €11,539 | €8,078 | -€3,460 | -30.0% |
| Equity | 10/15 | -€10,758,648 | -€11,180,504 | -€421,856 | -3.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,858,648 | -€11,280,504 | -€421,856 | -3.9% |
| Amounts payable | 17/49 | €10,770,187 | €11,188,583 | +€418,396 | +3.9% |
| Amounts payable after more than one year | 17 | €10,753,799 | €11,175,584 | +€421,786 | +3.9% |
| Financial debts | 170/4 | €10,753,799 | €11,175,584 | +€421,786 | +3.9% |
| Amounts payable within one year | 42/48 | €16,388 | €12,998 | -€3,390 | -20.7% |
| Trade debts | 44 | €5,000 | €1,610 | -€3,390 | -67.8% |
| Suppliers | 440/4 | €5,000 | €1,610 | -€3,390 | -67.8% |
| Other amounts payable | 47/48 | €11,388 | €11,388 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€15,403 | €302 | +€15,705 | |
| Operating profit (loss) | 9901 | -€15,403 | -€98 | +€15,305 | +99.4% |
| Financial income | 75/76B | €279,020 | €269,395 | -€9,626 | -3.4% |
| Recurring financial income | 75 | €279,020 | €269,395 | -€9,626 | -3.4% |
| Financial charges | 65/66B | €798,940 | €691,153 | -€107,787 | -13.5% |
| Recurring financial charges | 65 | €798,940 | €691,153 | -€107,787 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€535,323 | -€421,856 | +€113,466 | +21.2% |
| Profit (loss) for the period | 9904 | -€535,323 | -€421,856 | +€113,466 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€535,323 | -€421,856 | +€113,466 | +21.2% |
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 11 October 2026 via checked.be.