SRK: 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.
SRK
Largest movements
- Cash +€31,033
up €31,033 (+14.7%), from €211,105 to €242,138
mainly Net result for the year (+€71,979) and Depreciation (+€19,630)
- Tangible fixed assets -€19,630
down €19,630 (-16.3%), from €120,665 to €101,036
of which Furniture and vehicles: -€11,854
- Receivables within one year +€3,678
new in 2025: €3,678
- Reserves +€71,000
up €71,000 (+30.7%), from €231,360 to €302,360
of which Distributable reserves: +€71,000
- Trade debts -€37,804
down €37,804 (-71.9%), from €52,550 to €14,746
- Current portion of long-term debt -€8,039
down €8,039 (-54.6%), from €14,723 to €6,684
- Debts after one year -€6,684
no longer reported in 2025 (was €6,684)
- Other debts -€5,894
no longer reported in 2025 (was €5,894)
- Gross operating margin +€22,409
up €22,409 (+23.1%), from €97,178 to €119,587
- Taxes +€4,587
up €4,587 (+20.3%), from €22,564 to €27,151
- Depreciation +€2,834
up €2,834 (+16.9%), from €16,796 to €19,630
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 | €333,327 | €346,851 | +€13,524 | +4.1% |
| Fixed assets | 21/28 | €120,665 | €101,036 | -€19,630 | -16.3% |
| Tangible fixed assets | 22/27 | €120,665 | €101,036 | -€19,630 | -16.3% |
| Land and buildings | 22 | €44,676 | €43,291 | -€1,385 | -3.1% |
| Plant, machinery and equipment | 23 | €43,611 | €37,220 | -€6,391 | -14.7% |
| Furniture and vehicles | 24 | €32,378 | €20,525 | -€11,854 | -36.6% |
| Current assets | 29/58 | €212,662 | €245,816 | +€33,154 | +15.6% |
| Amounts receivable after more than one year | 29 | €1,557 | - | -€1,557 | |
| Trade receivables | 290 | €203 | - | -€203 | |
| Other amounts receivable | 291 | €1,354 | - | -€1,354 | |
| Amounts receivable within one year | 40/41 | - | €3,678 | +€3,678 | |
| Other amounts receivable | 41 | - | €3,678 | +€3,678 | |
| Cash at bank and in hand | 54/58 | €211,105 | €242,138 | +€31,033 | +14.7% |
| Total equity and liabilities | 10/49 | €333,327 | €346,851 | +€13,524 | +4.1% |
| Equity | 10/15 | €246,377 | €318,356 | +€71,979 | +29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €231,360 | €302,360 | +€71,000 | +30.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,500 | €300,500 | +€71,000 | +30.9% |
| Profit (loss) carried forward | 14 | €8,817 | €9,796 | +€979 | +11.1% |
| Amounts payable | 17/49 | €86,950 | €28,495 | -€58,455 | -67.2% |
| Amounts payable after more than one year | 17 | €6,684 | - | -€6,684 | |
| Financial debts | 170/4 | €6,684 | - | -€6,684 | |
| Amounts payable within one year | 42/48 | €80,266 | €28,495 | -€51,772 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €14,723 | €6,684 | -€8,039 | -54.6% |
| Trade debts | 44 | €52,550 | €14,746 | -€37,804 | -71.9% |
| Suppliers | 440/4 | €52,550 | €14,746 | -€37,804 | -71.9% |
| Taxes, remuneration and social security | 45 | €7,100 | €7,065 | -€35 | -0.5% |
| Remuneration and social security | 454/9 | €7,100 | €7,065 | -€35 | -0.5% |
| Other amounts payable | 47/48 | €5,894 | - | -€5,894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,796 | €19,630 | +€2,834 | +16.9% |
| Other operating charges | 640/8 | €166 | €1,230 | +€1,064 | +640.5% |
| Gross operating margin | 9900 | €97,178 | €119,587 | +€22,409 | +23.1% |
| Operating profit (loss) | 9901 | €80,217 | €98,728 | +€18,511 | +23.1% |
| Financial income | 75/76B | €523 | €740 | +€217 | +41.5% |
| Recurring financial income | 75 | €523 | €740 | +€217 | +41.5% |
| Financial charges | 65/66B | €670 | €337 | -€333 | -49.8% |
| Recurring financial charges | 65 | €670 | €337 | -€333 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €80,069 | €99,131 | +€19,061 | +23.8% |
| Income taxes | 67/77 | €22,564 | €27,151 | +€4,587 | +20.3% |
| Profit (loss) for the period | 9904 | €57,505 | €71,979 | +€14,474 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,505 | €71,979 | +€14,474 | +25.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.