SRP: 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.
SRP
Largest movements
- Receivables within one year +€39,929
up €39,929 (+101.4%), from €39,373 to €79,302
of which Trade receivables: +€39,151
- Stocks and contracts +€16,155
up €16,155 (+10.1%), from €159,342 to €175,497
- Short-term financial debts -€50,788
down €50,788 (-63.5%), from €80,000 to €29,212
- Debts after one year +€45,981
up €45,981 (+37.8%), from €121,714 to €167,696
- Trade debts +€26,157
up €26,157 (+187.5%), from €13,949 to €40,106
- Current portion of long-term debt +€19,858
up €19,858 (+200.4%), from €9,911 to €29,769
- Other debts +€7,470
up €7,470 (+5.9%), from €126,660 to €134,130
- Staff costs +€18,030
new in 2025: €18,030
- Gross operating margin +€8,208
up €8,208 (+13.2%), from €62,136 to €70,344
- Depreciation +€3,753
up €3,753 (+11.6%), from €32,381 to €36,133
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 | €489,263 | €538,219 | +€48,956 | +10.0% |
| Fixed assets | 21/28 | €286,554 | €283,421 | -€3,133 | -1.1% |
| Tangible fixed assets | 22/27 | €286,554 | €283,421 | -€3,133 | -1.1% |
| Land and buildings | 22 | €161,951 | €175,858 | +€13,907 | +8.6% |
| Plant, machinery and equipment | 23 | €110,093 | €101,444 | -€8,649 | -7.9% |
| Furniture and vehicles | 24 | €14,510 | €6,119 | -€8,391 | -57.8% |
| Current assets | 29/58 | €202,709 | €254,798 | +€52,089 | +25.7% |
| Stocks and contracts in progress | 3 | €159,342 | €175,497 | +€16,155 | +10.1% |
| Stocks | 30/36 | €159,342 | €175,497 | +€16,155 | +10.1% |
| Amounts receivable within one year | 40/41 | €39,373 | €79,302 | +€39,929 | +101.4% |
| Trade receivables | 40 | €39,373 | €78,524 | +€39,151 | +99.4% |
| Other amounts receivable | 41 | €0 | €777 | +€777 | |
| Cash at bank and in hand | 54/58 | €2,838 | €0 | -€2,838 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,156 | €0 | -€1,156 | -100.0% |
| Total equity and liabilities | 10/49 | €489,263 | €538,219 | +€48,956 | +10.0% |
| Equity | 10/15 | €134,307 | €133,640 | -€667 | -0.5% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €186 | €186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €186 | €186 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,121 | €10,454 | -€667 | -6.0% |
| Amounts payable | 17/49 | €354,956 | €404,579 | +€49,623 | +14.0% |
| Amounts payable after more than one year | 17 | €121,714 | €167,696 | +€45,981 | +37.8% |
| Financial debts | 170/4 | €121,714 | €167,696 | +€45,981 | +37.8% |
| Amounts payable within one year | 42/48 | €233,242 | €236,883 | +€3,641 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €9,911 | €29,769 | +€19,858 | +200.4% |
| Financial debts | 43 | €80,000 | €29,212 | -€50,788 | -63.5% |
| Credit institutions | 430/8 | €80,000 | €29,212 | -€50,788 | -63.5% |
| Trade debts | 44 | €13,949 | €40,106 | +€26,157 | +187.5% |
| Suppliers | 440/4 | €13,949 | €40,106 | +€26,157 | +187.5% |
| Taxes, remuneration and social security | 45 | €2,721 | €3,666 | +€946 | +34.7% |
| Taxes | 450/3 | €2,721 | €907 | -€1,814 | -66.7% |
| Remuneration and social security | 454/9 | - | €2,759 | +€2,759 | |
| Other amounts payable | 47/48 | €126,660 | €134,130 | +€7,470 | +5.9% |
| Remuneration, social security and pensions | 62 | - | €18,030 | +€18,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,381 | €36,133 | +€3,753 | +11.6% |
| Other operating charges | 640/8 | €2,607 | €2,954 | +€347 | +13.3% |
| Gross operating margin | 9900 | €62,136 | €70,344 | +€8,208 | +13.2% |
| Operating profit (loss) | 9901 | €27,149 | €13,227 | -€13,922 | -51.3% |
| Financial income | 75/76B | €405 | €298 | -€108 | -26.5% |
| Recurring financial income | 75 | €405 | €298 | -€108 | -26.5% |
| Financial charges | 65/66B | €14,395 | €14,191 | -€203 | -1.4% |
| Recurring financial charges | 65 | €14,395 | €14,191 | -€203 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €13,159 | -€667 | -€13,826 | |
| Profit (loss) for the period | 9904 | €13,159 | -€667 | -€13,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,159 | -€667 | -€13,826 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.