SRM Group: 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.
SRM Group
Largest movements
- Stocks and contracts -€27,060
no longer reported in 2025 (was €27,060)
- Receivables within one year +€5,879
up €5,879 (+7718.8%), from €76 to €5,955
of which Trade receivables: +€5,698
- Deferred charges and accrued income +€3,471
up €3,471 (+246.4%), from €1,409 to €4,879
- Tangible fixed assets -€2,004
no longer reported in 2025 (was €2,004)
- Cash +€591
up €591 (+36.4%), from €1,626 to €2,217
mainly Stocks and contracts (+€27,060) and Depreciation (+€2,004)
- Profit (loss) carried forward -€18,628
down €18,628 (-193.1%), from -€9,649 to -€28,277
- Other debts -€611
down €611 (-2.9%), from €21,011 to €20,399
- Gross operating margin -€20,824
down €20,824, from €6,752 to -€14,073
- Other operating charges -€658
down €658 (-21.9%), from €2,997 to €2,339
- Depreciation -€563
down €563 (-21.9%), from €2,567 to €2,004
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 | €32,175 | €13,052 | -€19,123 | -59.4% |
| Fixed assets | 21/28 | €2,004 | - | -€2,004 | |
| Tangible fixed assets | 22/27 | €2,004 | - | -€2,004 | |
| Furniture and vehicles | 24 | €2,004 | - | -€2,004 | |
| Current assets | 29/58 | €30,171 | €13,052 | -€17,119 | -56.7% |
| Stocks and contracts in progress | 3 | €27,060 | - | -€27,060 | |
| Stocks | 30/36 | €27,060 | - | -€27,060 | |
| Amounts receivable within one year | 40/41 | €76 | €5,955 | +€5,879 | +7718.8% |
| Trade receivables | 40 | - | €5,698 | +€5,698 | |
| Other amounts receivable | 41 | €76 | €257 | +€181 | +237.0% |
| Cash at bank and in hand | 54/58 | €1,626 | €2,217 | +€591 | +36.4% |
| Deferred charges and accrued income | 490/1 | €1,409 | €4,879 | +€3,471 | +246.4% |
| Total equity and liabilities | 10/49 | €32,175 | €13,052 | -€19,123 | -59.4% |
| Equity | 10/15 | €10,351 | -€8,277 | -€18,628 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | -€9,649 | -€28,277 | -€18,628 | -193.1% |
| Amounts payable | 17/49 | €21,824 | €21,329 | -€495 | -2.3% |
| Amounts payable within one year | 42/48 | €21,824 | €21,329 | -€495 | -2.3% |
| Trade debts | 44 | €813 | €930 | +€116 | +14.3% |
| Suppliers | 440/4 | €813 | €930 | +€116 | +14.3% |
| Other amounts payable | 47/48 | €21,011 | €20,399 | -€611 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,567 | €2,004 | -€563 | -21.9% |
| Other operating charges | 640/8 | €2,997 | €2,339 | -€658 | -21.9% |
| Gross operating margin | 9900 | €6,752 | -€14,073 | -€20,824 | |
| Operating profit (loss) | 9901 | €1,188 | -€18,416 | -€19,604 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -9.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -9.1% |
| Financial charges | 65/66B | €208 | €212 | +€4 | +2.0% |
| Recurring financial charges | 65 | €208 | €212 | +€4 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €980 | -€18,628 | -€19,608 | |
| Profit (loss) for the period | 9904 | €980 | -€18,628 | -€19,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €980 | -€18,628 | -€19,608 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.