SRG Estate: 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.
SRG Estate
Largest movements
- Stocks and contracts +€469,074
up €469,074 (+153%), from €306,538 to €775,612
- Receivables within one year +€119,228
up €119,228 (+316%), from €37,686 to €156,914
of which Trade receivables: +€124,850
- Cash +€85,437
up €85,437 (+1,032%), from €8,280 to €93,717
mainly Debts after one year (+€370,678) and Other debts (+€256,441)
- Debts after one year +€370,678
new in 2025: €370,678
- Other debts +€256,441
up €256,441 (+120%), from €213,136 to €469,577
- Trade debts +€116,860
up €116,860 (+205%), from €56,893 to €173,753
- Profit (loss) carried forward -€87,075
down €87,075 (-587%), from -€14,842 to -€101,917
- Accrued charges and deferred income +€15,749
up €15,749 (+1,859%), from €847 to €16,596
- Gross operating margin -€67,033
down €67,033 (-1,458%), from -€4,598 to -€71,631
- Financial charges +€10,869
up €10,869 (+291%), from €3,734 to €14,603
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 | €356,034 | €1,036,192 | +€680,158 | +191% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €355,834 | €1,035,992 | +€680,158 | +191% |
| Stocks and contracts in progress | 3 | €306,538 | €775,612 | +€469,074 | +153% |
| Stocks | 30/36 | €306,538 | €775,612 | +€469,074 | +153% |
| Amounts receivable within one year | 40/41 | €37,686 | €156,914 | +€119,228 | +316% |
| Trade receivables | 40 | €14,787 | €139,637 | +€124,850 | +844% |
| Other amounts receivable | 41 | €22,899 | €17,277 | -€5,622 | -24.6% |
| Cash at bank and in hand | 54/58 | €8,280 | €93,717 | +€85,437 | +1,032% |
| Deferred charges and accrued income | 490/1 | €3,330 | €9,749 | +€6,419 | +193% |
| Total equity and liabilities | 10/49 | €356,034 | €1,036,192 | +€680,158 | +191% |
| Equity | 10/15 | €85,158 | -€1,917 | -€87,075 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,842 | -€101,917 | -€87,075 | -587% |
| Amounts payable | 17/49 | €270,876 | €1,038,109 | +€767,233 | +283% |
| Amounts payable after more than one year | 17 | - | €370,678 | +€370,678 | |
| Financial debts | 170/4 | - | €370,678 | +€370,678 | |
| Amounts payable within one year | 42/48 | €270,029 | €650,836 | +€380,807 | +141% |
| Trade debts | 44 | €56,893 | €173,753 | +€116,860 | +205% |
| Suppliers | 440/4 | €56,893 | €173,753 | +€116,860 | +205% |
| Taxes, remuneration and social security | 45 | - | €7,505 | +€7,505 | |
| Taxes | 450/3 | - | €7,505 | +€7,505 | |
| Other amounts payable | 47/48 | €213,136 | €469,577 | +€256,441 | +120% |
| Accrued charges and deferred income | 492/3 | €847 | €16,596 | +€15,749 | +1,859% |
| Other operating charges | 640/8 | €387 | €487 | +€99 | +25.7% |
| Non-recurring operating charges | 66A | - | €354 | +€354 | |
| Gross operating margin | 9900 | -€4,598 | -€71,631 | -€67,033 | -1,458% |
| Operating profit (loss) | 9901 | -€4,985 | -€72,472 | -€67,487 | -1,354% |
| Financial charges | 65/66B | €3,734 | €14,603 | +€10,869 | +291% |
| Recurring financial charges | 65 | €3,734 | €14,603 | +€10,869 | +291% |
| Profit (loss) for the period before taxes | 9903 | -€8,719 | -€87,075 | -€78,356 | -899% |
| Profit (loss) for the period | 9904 | -€8,719 | -€87,075 | -€78,356 | -899% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,719 | -€87,075 | -€78,356 | -899% |
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 21 October 2026 via checked.be.