SRN CONSTRUCT: 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.
SRN CONSTRUCT
Largest movements
- Tangible fixed assets +€39,988
up €39,988 (+363%), from €11,026 to €51,015
- Cash +€14,908
up €14,908 (+1,326%), from €1,125 to €16,033
mainly Debts after one year (+€35,696) and Net result for the year (+€17,129)
- Receivables within one year -€2,421
down €2,421 (-5.2%), from €46,258 to €43,838
of which Trade receivables: -€3,122
- Debts after one year +€35,696
new in 2025: €35,696
- Profit (loss) carried forward +€17,129
up €17,129 (+71.9%), from €23,820 to €40,949
- Current portion of long-term debt +€9,281
new in 2025: €9,281
- Trade debts -€7,929
down €7,929 (-32.3%), from €24,576 to €16,647
of which Suppliers: -€8,007
- Tax, wage and social debts -€2,536
down €2,536 (-37.0%), from €6,849 to €4,313
of which Remuneration and social security: -€3,500
- Turnover +€94,480
up €94,480 (+35.1%), from €269,304 to €363,784
- Purchases and services +€84,018
up €84,018 (+34.1%), from €246,482 to €330,499
- Gross operating margin +€10,463
up €10,463 (+45.8%), from €22,822 to €33,285
- Depreciation +€4,191
up €4,191 (+68.6%), from €6,109 to €10,299
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 | €59,245 | €110,885 | +€51,640 | +87.2% |
| Fixed assets | 21/28 | €11,026 | €51,015 | +€39,988 | +363% |
| Tangible fixed assets | 22/27 | €11,026 | €51,015 | +€39,988 | +363% |
| Furniture and vehicles | 24 | €11,026 | €51,015 | +€39,988 | +363% |
| Current assets | 29/58 | €48,218 | €59,870 | +€11,652 | +24.2% |
| Amounts receivable within one year | 40/41 | €46,258 | €43,838 | -€2,421 | -5.2% |
| Trade receivables | 40 | €6,586 | €3,464 | -€3,122 | -47.4% |
| Other amounts receivable | 41 | €39,672 | €40,373 | +€701 | +1.8% |
| Cash at bank and in hand | 54/58 | €1,125 | €16,033 | +€14,908 | +1,326% |
| Deferred charges and accrued income | 490/1 | €836 | €0 | -€836 | -100% |
| Total equity and liabilities | 10/49 | €59,245 | €110,885 | +€51,640 | +87.2% |
| Equity | 10/15 | €27,820 | €44,949 | +€17,129 | +61.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,820 | €40,949 | +€17,129 | +71.9% |
| Amounts payable | 17/49 | €31,425 | €65,936 | +€34,511 | +110% |
| Amounts payable after more than one year | 17 | - | €35,696 | +€35,696 | |
| Financial debts | 170/4 | - | €35,696 | +€35,696 | |
| Amounts payable within one year | 42/48 | €31,425 | €30,241 | -€1,185 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,281 | +€9,281 | |
| Trade debts | 44 | €24,576 | €16,647 | -€7,929 | -32.3% |
| Suppliers | 440/4 | €24,383 | €16,376 | -€8,007 | -32.8% |
| Bills of exchange payable | 441 | €194 | €271 | +€77 | +39.9% |
| Taxes, remuneration and social security | 45 | €6,849 | €4,313 | -€2,536 | -37.0% |
| Taxes | 450/3 | €3,349 | €4,313 | +€964 | +28.8% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Turnover | 70 | €269,304 | €363,784 | +€94,480 | +35.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €246,482 | €330,499 | +€84,018 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,109 | €10,299 | +€4,191 | +68.6% |
| Other operating charges | 640/8 | €128 | €84 | -€44 | -34.6% |
| Gross operating margin | 9900 | €22,822 | €33,285 | +€10,463 | +45.8% |
| Operating profit (loss) | 9901 | €16,586 | €22,902 | +€6,316 | +38.1% |
| Financial income | 75/76B | €741 | €0 | -€741 | -100% |
| Recurring financial income | 75 | €741 | €0 | -€741 | -100% |
| Financial charges | 65/66B | €710 | €1,460 | +€750 | +106% |
| Recurring financial charges | 65 | €710 | €1,460 | +€750 | +106% |
| Profit (loss) for the period before taxes | 9903 | €16,617 | €21,442 | +€4,825 | +29.0% |
| Income taxes | 67/77 | €3,349 | €4,313 | +€964 | +28.8% |
| Profit (loss) for the period | 9904 | €13,268 | €17,129 | +€3,861 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,268 | €17,129 | +€3,861 | +29.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.