SRI: what changed
Two fiscal 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.
SRI
Largest movements
- Receivables within one year -€116,079
down €116,079 (-42.2%), from €274,865 to €158,786
of which Trade receivables: -€83,541
- Stocks and contracts -€70,500
down €70,500 (-12.8%), from €552,809 to €482,309
- Tangible fixed assets -€9,708
down €9,708 (-40.2%), from €24,126 to €14,418
of which Land and buildings: -€7,786
- Trade debts -€115,086
down €115,086 (-50.7%), from €226,809 to €111,724
- Other debts -€69,100
down €69,100 (-31.8%), from €217,300 to €148,200
- Debts after one year -€25,509
down €25,509 (-40.3%), from €63,298 to €37,789
- Gross operating margin -€30,961
down €30,961 (-46.4%), from €66,745 to €35,784
- Taxes -€5,501
down €5,501 (-46.9%), from €11,741 to €6,240
- Other operating charges +€5,474
up €5,474 (+134.7%), from €4,063 to €9,537
- Financial charges -€2,229
down €2,229 (-38.0%), from €5,866 to €3,636
- Financial income +€894
up €894, from €0 to €894
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 | €852,814 | €657,372 | -€195,441 | -22.9% |
| Fixed assets | 21/28 | €24,126 | €14,418 | -€9,708 | -40.2% |
| Tangible fixed assets | 22/27 | €24,126 | €14,418 | -€9,708 | -40.2% |
| Land and buildings | 22 | €18,698 | €10,912 | -€7,786 | -41.6% |
| Plant, machinery and equipment | 23 | €1,495 | €1,149 | -€346 | -23.2% |
| Furniture and vehicles | 24 | €3,934 | €2,357 | -€1,577 | -40.1% |
| Current assets | 29/58 | €828,687 | €642,955 | -€185,733 | -22.4% |
| Stocks and contracts in progress | 3 | €552,809 | €482,309 | -€70,500 | -12.8% |
| Stocks | 30/36 | €552,809 | €482,309 | -€70,500 | -12.8% |
| Amounts receivable within one year | 40/41 | €274,865 | €158,786 | -€116,079 | -42.2% |
| Trade receivables | 40 | €197,121 | €113,580 | -€83,541 | -42.4% |
| Other amounts receivable | 41 | €77,745 | €45,207 | -€32,538 | -41.9% |
| Cash at bank and in hand | 54/58 | €1,013 | €1,859 | +€846 | +83.5% |
| Total equity and liabilities | 10/49 | €852,814 | €657,372 | -€195,441 | -22.9% |
| Equity | 10/15 | €79,671 | €87,228 | +€7,557 | +9.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,671 | €82,228 | +€7,557 | +10.1% |
| Distributable reserves | 133 | €74,671 | €82,228 | +€7,557 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €773,142 | €570,145 | -€202,998 | -26.3% |
| Amounts payable after more than one year | 17 | €63,298 | €37,789 | -€25,509 | -40.3% |
| Financial debts | 170/4 | €63,298 | €37,789 | -€25,509 | -40.3% |
| Amounts payable within one year | 42/48 | €709,844 | €532,356 | -€177,489 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €24,584 | €25,509 | +€925 | +3.8% |
| Trade debts | 44 | €226,809 | €111,724 | -€115,086 | -50.7% |
| Suppliers | 440/4 | €226,809 | €111,724 | -€115,086 | -50.7% |
| Advances received on contracts in progress | 46 | €228,845 | €228,845 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,306 | €18,078 | +€5,772 | +46.9% |
| Taxes | 450/3 | €12,306 | €18,078 | +€5,772 | +46.9% |
| Other amounts payable | 47/48 | €217,300 | €148,200 | -€69,100 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €9,708 | +€110 | +1.1% |
| Other operating charges | 640/8 | €4,063 | €9,537 | +€5,474 | +134.7% |
| Gross operating margin | 9900 | €66,745 | €35,784 | -€30,961 | -46.4% |
| Operating profit (loss) | 9901 | €53,083 | €16,538 | -€36,545 | -68.8% |
| Financial income | 75/76B | €0 | €894 | +€894 | |
| Recurring financial income | 75 | €0 | €894 | +€894 | |
| Financial charges | 65/66B | €5,866 | €3,636 | -€2,229 | -38.0% |
| Recurring financial charges | 65 | €5,866 | €3,636 | -€2,229 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €47,217 | €13,796 | -€33,421 | -70.8% |
| Income taxes | 67/77 | €11,741 | €6,240 | -€5,501 | -46.9% |
| Profit (loss) for the period | 9904 | €35,477 | €7,557 | -€27,920 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,477 | €7,557 | -€27,920 | -78.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.