SRM INVESTMENT: 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.
SRM INVESTMENT
Largest movements
- Cash +€6,071
up €6,071 (+94.8%), from €6,401 to €12,471
mainly Tax, wage and social debts (+€8,487) and Depreciation (+€182)
- Stocks and contracts +€1,153
up €1,153 (+7.8%), from €14,789 to €15,942
- Receivables within one year +€529
new in 2025: €529
- Tax, wage and social debts +€8,487
up €8,487 (+151%), from €5,625 to €14,113
of which Remuneration and social security: +€7,481
- Trade debts -€771
down €771 (-5.2%), from €14,795 to €14,025
- Turnover -€106,024
down €106,024 (-23.4%), from €453,362 to €347,337
- Purchases and services -€93,934
down €93,934 (-22.6%), from €415,042 to €321,108
- Staff costs -€13,291
down €13,291 (-32.8%), from €40,581 to €27,290
- Gross operating margin -€13,051
down €13,051 (-31.3%), from €41,681 to €28,630
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.
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 | €22,246 | €29,816 | +€7,571 | +34.0% |
| Fixed assets | 21/28 | €676 | €494 | -€182 | -26.9% |
| Tangible fixed assets | 22/27 | €676 | €494 | -€182 | -26.9% |
| Furniture and vehicles | 24 | €676 | €494 | -€182 | -26.9% |
| Current assets | 29/58 | €21,570 | €29,322 | +€7,752 | +35.9% |
| Stocks and contracts in progress | 3 | €14,789 | €15,942 | +€1,153 | +7.8% |
| Stocks | 30/36 | €14,789 | €15,942 | +€1,153 | +7.8% |
| Amounts receivable within one year | 40/41 | - | €529 | +€529 | |
| Trade receivables | 40 | - | €529 | +€529 | |
| Cash at bank and in hand | 54/58 | €6,401 | €12,471 | +€6,071 | +94.8% |
| Deferred charges and accrued income | 490/1 | €380 | €380 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,246 | €29,816 | +€7,571 | +34.0% |
| Equity | 10/15 | €1,825 | €1,679 | -€146 | -8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,175 | -€1,321 | -€146 | -12.4% |
| Amounts payable | 17/49 | €20,421 | €28,137 | +€7,717 | +37.8% |
| Amounts payable within one year | 42/48 | €20,421 | €28,137 | +€7,717 | +37.8% |
| Trade debts | 44 | €14,795 | €14,025 | -€771 | -5.2% |
| Suppliers | 440/4 | €14,795 | €14,025 | -€771 | -5.2% |
| Taxes, remuneration and social security | 45 | €5,625 | €14,113 | +€8,487 | +151% |
| Taxes | 450/3 | €1,448 | €2,454 | +€1,006 | +69.5% |
| Remuneration and social security | 454/9 | €4,177 | €11,659 | +€7,481 | +179% |
| Turnover | 70 | €453,362 | €347,337 | -€106,024 | -23.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €415,042 | €321,108 | -€93,934 | -22.6% |
| Remuneration, social security and pensions | 62 | €40,581 | €27,290 | -€13,291 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €182 | -€51 | -22.0% |
| Other operating charges | 640/8 | €1,858 | €1,133 | -€726 | -39.0% |
| Gross operating margin | 9900 | €41,681 | €28,630 | -€13,051 | -31.3% |
| Operating profit (loss) | 9901 | -€991 | €25 | +€1,017 | |
| Financial income | 75/76B | €0 | €30 | +€30 | +148,200% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +148,200% |
| Financial charges | 65/66B | €184 | €201 | +€18 | +9.6% |
| Recurring financial charges | 65 | €184 | €201 | +€18 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,175 | -€146 | +€1,029 | +87.6% |
| Profit (loss) for the period | 9904 | -€1,175 | -€146 | +€1,029 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,175 | -€146 | +€1,029 | +87.6% |
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 30 October 2026 via checked.be.