SRM GLOBAL TECHNOLOGY: 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.
What changed
SRM GLOBAL TECHNOLOGY
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€52,509
2024 · €17,472-€69,981
Equity
€229,475
2024 · €284,784-€55,309
Cash
€249,461
2024 · €251,736-€2,275
Balance sheet total
€1.0m
2024 · €1.1m-€119,414
Largest movements
Assets
- Receivables within one year -€73,679
down €73,679 (-13.2%), from €559,361 to €485,682
of which Trade receivables: -€59,319
- Stocks and contracts -€51,477
down €51,477 (-26.7%), from €192,610 to €141,133
of which Stocks: -€90,333
- Tangible fixed assets -€38,512
down €38,512 (-42.4%), from €90,881 to €52,369
of which Furniture and vehicles: -€28,587
- Intangible fixed assets +€24,452
up €24,452, from €0 to €24,452
- Deferred charges and accrued income +€22,078
up €22,078 (+143.2%), from €15,422 to €37,500
Equity and liabilities
- Other debts -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Debts after one year +€148,742
up €148,742 (+379.0%), from €39,245 to €187,987
- Profit (loss) carried forward -€52,509
down €52,509 (-32.8%), from €159,848 to €107,339
- Current portion of long-term debt +€43,008
up €43,008 (+159.6%), from €26,939 to €69,948
Income statement
- Gross operating margin -€67,446
down €67,446 (-11.6%), from €582,600 to €515,154
- Staff costs +€13,887
up €13,887 (+2.8%), from €497,537 to €511,424
- Taxes -€12,692
down €12,692, from €12,558 to -€134
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.
Result 2024
€17,472
Gross operating margin
-€67,446
Staff costs
-€13,887
Depreciation
-€1,391
Write-downs
-€578
Other operating charges
-€1,342
Other operating items
-€551
Financial income
+€2,115
Financial charges
+€407
Taxes
+€12,692
Result 2025
-€52,509
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.
From operations
-€156,323
Investment
-€26,448
Financing
+€180,496
Cash 2024
€251,736
From operations (derived)
-€156,323
Net result for the year
-€52,509
Depreciation
+€40,508
Stocks and contracts
+€51,477
Receivables within one year
+€73,679
Deferred charges and accrued income
-€22,078
Trade debts
+€8,762
Tax, wage and social debts
-€4,735
Other debts
-€250,000
Accrued charges and deferred income
-€1,427
Investment (derived)
-€26,448
Investment in fixed assets (net)
-€26,448
Financing
+€180,496
Debts after one year
+€148,742
Current portion of long-term debt
+€43,008
Short-term financial debts
-€8,454
Contributions, distributions and other
-€2,800
Cash 2025
€249,461
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,120,984 | €1,001,570 | -€119,414 | -10.7% |
| Fixed assets | 21/28 | €101,854 | €87,794 | -€14,060 | -13.8% |
| Intangible fixed assets | 21 | €0 | €24,452 | +€24,452 | |
| Tangible fixed assets | 22/27 | €90,881 | €52,369 | -€38,512 | -42.4% |
| Plant, machinery and equipment | 23 | €8,415 | €3,612 | -€4,803 | -57.1% |
| Furniture and vehicles | 24 | €56,616 | €28,029 | -€28,587 | -50.5% |
| Other tangible fixed assets | 26 | €25,850 | €20,727 | -€5,123 | -19.8% |
| Financial fixed assets | 28 | €10,973 | €10,973 | = | 0.0% |
| Current assets | 29/58 | €1,019,130 | €913,776 | -€105,354 | -10.3% |
| Stocks and contracts in progress | 3 | €192,610 | €141,133 | -€51,477 | -26.7% |
| Stocks | 30/36 | €177,833 | €87,500 | -€90,333 | -50.8% |
| Contracts in progress | 37 | €14,777 | €53,633 | +€38,855 | +262.9% |
| Amounts receivable within one year | 40/41 | €559,361 | €485,682 | -€73,679 | -13.2% |
| Trade receivables | 40 | €519,355 | €460,036 | -€59,319 | -11.4% |
| Other amounts receivable | 41 | €40,006 | €25,646 | -€14,360 | -35.9% |
| Cash at bank and in hand | 54/58 | €251,736 | €249,461 | -€2,275 | -0.9% |
| Deferred charges and accrued income | 490/1 | €15,422 | €37,500 | +€22,078 | +143.2% |
| Total equity and liabilities | 10/49 | €1,120,984 | €1,001,570 | -€119,414 | -10.7% |
| Equity | 10/15 | €284,784 | €229,475 | -€55,309 | -19.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €95,336 | €95,336 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €53,236 | €53,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,848 | €107,339 | -€52,509 | -32.8% |
| Investment grants | 15 | €5,600 | €2,800 | -€2,800 | -50.0% |
| Amounts payable | 17/49 | €836,200 | €772,095 | -€64,105 | -7.7% |
| Amounts payable after more than one year | 17 | €39,245 | €187,987 | +€148,742 | +379.0% |
| Financial debts | 170/4 | €39,245 | €187,987 | +€148,742 | +379.0% |
| Amounts payable within one year | 42/48 | €795,527 | €584,108 | -€211,419 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €26,939 | €69,948 | +€43,008 | +159.6% |
| Financial debts | 43 | €208,454 | €200,000 | -€8,454 | -4.1% |
| Credit institutions | 430/8 | €208,454 | €200,000 | -€8,454 | -4.1% |
| Trade debts | 44 | €284,157 | €292,919 | +€8,762 | +3.1% |
| Suppliers | 440/4 | €284,157 | €292,919 | +€8,762 | +3.1% |
| Taxes, remuneration and social security | 45 | €25,977 | €21,242 | -€4,735 | -18.2% |
| Taxes | 450/3 | €7,733 | €0 | -€7,733 | -100.0% |
| Remuneration and social security | 454/9 | €18,244 | €21,242 | +€2,997 | +16.4% |
| Other amounts payable | 47/48 | €250,000 | €0 | -€250,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,427 | €0 | -€1,427 | -100.0% |
| Non-recurring operating income | 76A | €3,084 | €0 | -€3,084 | -100.0% |
| Remuneration, social security and pensions | 62 | €497,537 | €511,424 | +€13,887 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,116 | €40,508 | +€1,391 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€578 | €0 | +€578 | |
| Other operating charges | 640/8 | €3,803 | €5,145 | +€1,342 | +35.3% |
| Non-recurring operating charges | 66A | €0 | €551 | +€551 | |
| Gross operating margin | 9900 | €582,600 | €515,154 | -€67,446 | -11.6% |
| Operating profit (loss) | 9901 | €42,721 | -€42,473 | -€85,195 | |
| Financial income | 75/76B | €2,965 | €5,080 | +€2,115 | +71.3% |
| Recurring financial income | 75 | €2,965 | €5,080 | +€2,115 | +71.3% |
| Financial charges | 65/66B | €15,656 | €15,250 | -€407 | -2.6% |
| Recurring financial charges | 65 | €15,656 | €15,250 | -€407 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €30,030 | -€52,643 | -€82,673 | |
| Income taxes | 67/77 | €12,558 | -€134 | -€12,692 | |
| Profit (loss) for the period | 9904 | €17,472 | -€52,509 | -€69,981 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €17,472 | -€52,509 | -€69,981 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.