SRMG: 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.
SRMG
Largest movements
- Cash -€16,467
down €16,467 (-52.2%), from €31,561 to €15,094
mainly Contributions, distributions and other (-€121,176) and Receivables after one year (-€12,334)
- Receivables after one year +€12,334
up €12,334 (+14.0%), from €88,083 to €100,417
- Receivables within one year +€8,294
up €8,294 (+376.1%), from €2,205 to €10,500
of which Other amounts receivable: +€8,382
- Profit (loss) carried forward -€113,611
down €113,611 (-76.5%), from €148,595 to €34,984
- Other debts +€103,000
new in 2025: €103,000
- Tax, wage and social debts +€15,851
up €15,851 (+166.1%), from €9,544 to €25,395
of which Taxes: +€16,561
- Gross operating margin -€15,960
down €15,960 (-59.3%), from €26,893 to €10,933
- Taxes -€5,400
down €5,400 (-66.7%), from €8,098 to €2,698
- Depreciation +€814
up €814 (+68.1%), from €1,195 to €2,010
- Other operating charges -€629
down €629 (-43.3%), from €1,454 to €825
- Financial charges -€543
down €543 (-65.5%), from €830 to €287
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 | €164,179 | €169,166 | +€4,987 | +3.0% |
| Fixed assets | 21/28 | €31,335 | €30,723 | -€613 | -2.0% |
| Tangible fixed assets | 22/27 | €31,335 | €30,723 | -€613 | -2.0% |
| Plant, machinery and equipment | 23 | €21,454 | €21,575 | +€121 | +0.6% |
| Furniture and vehicles | 24 | €2,900 | €3,039 | +€139 | +4.8% |
| Other tangible fixed assets | 26 | €6,981 | €6,109 | -€873 | -12.5% |
| Current assets | 29/58 | €132,844 | €138,443 | +€5,600 | +4.2% |
| Amounts receivable after more than one year | 29 | €88,083 | €100,417 | +€12,334 | +14.0% |
| Other amounts receivable | 291 | €88,083 | €100,417 | +€12,334 | +14.0% |
| Amounts receivable within one year | 40/41 | €2,205 | €10,500 | +€8,294 | +376.1% |
| Trade receivables | 40 | €2,205 | €2,118 | -€88 | -4.0% |
| Other amounts receivable | 41 | - | €8,382 | +€8,382 | |
| Cash at bank and in hand | 54/58 | €31,561 | €15,094 | -€16,467 | -52.2% |
| Deferred charges and accrued income | 490/1 | €10,994 | €12,433 | +€1,439 | +13.1% |
| Total equity and liabilities | 10/49 | €164,179 | €169,166 | +€4,987 | +3.0% |
| Equity | 10/15 | €151,595 | €37,984 | -€113,611 | -74.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,595 | €34,984 | -€113,611 | -76.5% |
| Amounts payable | 17/49 | €12,584 | €131,182 | +€118,598 | +942.4% |
| Amounts payable within one year | 42/48 | €12,584 | €131,182 | +€118,598 | +942.4% |
| Trade debts | 44 | €3,040 | €2,786 | -€254 | -8.3% |
| Suppliers | 440/4 | €3,040 | €2,786 | -€254 | -8.3% |
| Taxes, remuneration and social security | 45 | €9,544 | €25,395 | +€15,851 | +166.1% |
| Taxes | 450/3 | €7,101 | €23,663 | +€16,561 | +233.2% |
| Remuneration and social security | 454/9 | €2,443 | €1,733 | -€710 | -29.1% |
| Other amounts payable | 47/48 | - | €103,000 | +€103,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €2,010 | +€814 | +68.1% |
| Other operating charges | 640/8 | €1,454 | €825 | -€629 | -43.3% |
| Gross operating margin | 9900 | €26,893 | €10,933 | -€15,960 | -59.3% |
| Operating profit (loss) | 9901 | €24,243 | €8,099 | -€16,145 | -66.6% |
| Financial income | 75/76B | €2,290 | €2,452 | +€162 | +7.1% |
| Recurring financial income | 75 | €2,290 | €2,452 | +€162 | +7.1% |
| Financial charges | 65/66B | €830 | €287 | -€543 | -65.5% |
| Recurring financial charges | 65 | €830 | €287 | -€543 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €25,704 | €10,264 | -€15,440 | -60.1% |
| Income taxes | 67/77 | €8,098 | €2,698 | -€5,400 | -66.7% |
| Profit (loss) for the period | 9904 | €17,605 | €7,566 | -€10,040 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,605 | €7,566 | -€10,040 | -57.0% |
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 11 October 2026 via checked.be.