SRF BUSINESS: 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.
SRF BUSINESS
Largest movements
- Stocks and contracts -€22,250
down €22,250 (-28.7%), from €77,541 to €55,290
- Cash +€2,009
up €2,009 (+75.9%), from €2,649 to €4,658
mainly Stocks and contracts (+€22,250) and Net result for the year (+€10,810)
- Trade debts -€19,544
down €19,544 (-47.0%), from €41,576 to €22,032
- Tax, wage and social debts -€11,506
down €11,506 (-35.5%), from €32,403 to €20,897
of which Remuneration and social security: -€18,862
- Profit (loss) carried forward +€10,810
up €10,810 (+249%), from €4,341 to €15,151
- Turnover -€164,258
no longer reported in 2025 (was €164,258)
- Purchases and services -€129,642
no longer reported in 2025 (was €129,642)
- Staff costs -€24,981
down €24,981 (-95.0%), from €26,308 to €1,327
- Gross operating margin -€10,837
down €10,837 (-31.3%), from €34,616 to €23,779
- Other operating charges +€8,864
new in 2025: €8,864
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 | €80,189 | €59,948 | -€20,241 | -25.2% |
| Current assets | 29/58 | €80,189 | €59,948 | -€20,241 | -25.2% |
| Stocks and contracts in progress | 3 | €77,541 | €55,290 | -€22,250 | -28.7% |
| Stocks | 30/36 | €77,541 | €55,290 | -€22,250 | -28.7% |
| Cash at bank and in hand | 54/58 | €2,649 | €4,658 | +€2,009 | +75.9% |
| Total equity and liabilities | 10/49 | €80,189 | €59,948 | -€20,241 | -25.2% |
| Equity | 10/15 | €4,342 | €15,152 | +€10,810 | +249% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,341 | €15,151 | +€10,810 | +249% |
| Amounts payable | 17/49 | €75,847 | €44,796 | -€31,051 | -40.9% |
| Amounts payable within one year | 42/48 | €75,847 | €44,796 | -€31,051 | -40.9% |
| Trade debts | 44 | €41,576 | €22,032 | -€19,544 | -47.0% |
| Suppliers | 440/4 | €41,576 | €22,032 | -€19,544 | -47.0% |
| Taxes, remuneration and social security | 45 | €32,403 | €20,897 | -€11,506 | -35.5% |
| Taxes | 450/3 | €4,376 | €11,732 | +€7,356 | +168% |
| Remuneration and social security | 454/9 | €28,027 | €9,165 | -€18,862 | -67.3% |
| Other amounts payable | 47/48 | €1,868 | €1,868 | = | 0.0% |
| Turnover | 70 | €164,258 | - | -€164,258 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,642 | - | -€129,642 | |
| Remuneration, social security and pensions | 62 | €26,308 | €1,327 | -€24,981 | -95.0% |
| Other operating charges | 640/8 | - | €8,864 | +€8,864 | |
| Gross operating margin | 9900 | €34,616 | €23,779 | -€10,837 | -31.3% |
| Operating profit (loss) | 9901 | €8,308 | €13,588 | +€5,280 | +63.6% |
| Financial charges | 65/66B | €5,527 | €76 | -€5,451 | -98.6% |
| Recurring financial charges | 65 | €5,527 | €76 | -€5,451 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €2,781 | €13,512 | +€10,731 | +386% |
| Income taxes | 67/77 | - | €2,702 | +€2,702 | |
| Profit (loss) for the period | 9904 | €2,781 | €10,810 | +€8,029 | +289% |
| Profit (loss) for the period to be appropriated | 9905 | €2,781 | €10,810 | +€8,029 | +289% |
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 19 October 2026 via checked.be.