SRP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables after one year -€52,000
no longer reported in 2025 (was €52,000)
- Tangible fixed assets +€31,109
up €31,109 (+213%), from €14,596 to €45,705
of which Furniture and vehicles: +€32,633
- Cash -€21,439
down €21,439 (-48.2%), from €44,516 to €23,076
mainly Contributions, distributions and other (-€169,000) and Investment in fixed assets (net) (-€43,581)
- Receivables within one year +€10,486
up €10,486 (+13.1%), from €80,294 to €90,780
of which Trade receivables: +€26,242
- Profit (loss) carried forward -€107,829
down €107,829 (-99.7%), from €108,157 to €328
- Other debts +€61,000
new in 2025: €61,000
- Accrued charges and deferred income -€27,266
down €27,266 (-99.9%), from €27,300 to €34
- Debts after one year +€23,922
up €23,922 (+188%), from €12,747 to €36,668
- Tax, wage and social debts +€12,757
up €12,757 (+29.7%), from €43,003 to €55,760
of which Taxes: +€18,953
- Staff costs -€32,532
down €32,532 (-74.6%), from €43,637 to €11,104
- Gross operating margin -€13,726
down €13,726 (-11.2%), from €122,296 to €108,570
- Other operating charges +€3,846
up €3,846 (+268%), from €1,436 to €5,283
- Depreciation -€3,501
down €3,501 (-21.9%), from €15,973 to €12,472
- Taxes +€3,475
up €3,475 (+23.5%), from €14,781 to €18,256
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 | €223,695 | €191,109 | -€32,586 | -14.6% |
| Fixed assets | 21/28 | €44,855 | €75,964 | +€31,109 | +69.4% |
| Tangible fixed assets | 22/27 | €14,596 | €45,705 | +€31,109 | +213% |
| Land and buildings | 22 | €3,869 | €2,345 | -€1,523 | -39.4% |
| Furniture and vehicles | 24 | €10,727 | €43,360 | +€32,633 | +304% |
| Financial fixed assets | 28 | €30,259 | €30,259 | = | 0.0% |
| Current assets | 29/58 | €178,840 | €115,145 | -€63,695 | -35.6% |
| Amounts receivable after more than one year | 29 | €52,000 | - | -€52,000 | |
| Other amounts receivable | 291 | €52,000 | - | -€52,000 | |
| Amounts receivable within one year | 40/41 | €80,294 | €90,780 | +€10,486 | +13.1% |
| Trade receivables | 40 | €39,582 | €65,824 | +€26,242 | +66.3% |
| Other amounts receivable | 41 | €40,712 | €24,956 | -€15,756 | -38.7% |
| Cash at bank and in hand | 54/58 | €44,516 | €23,076 | -€21,439 | -48.2% |
| Deferred charges and accrued income | 490/1 | €2,030 | €1,289 | -€741 | -36.5% |
| Total equity and liabilities | 10/49 | €223,695 | €191,109 | -€32,586 | -14.6% |
| Equity | 10/15 | €110,157 | €2,328 | -€107,829 | -97.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,157 | €328 | -€107,829 | -99.7% |
| Amounts payable | 17/49 | €113,538 | €188,782 | +€75,244 | +66.3% |
| Amounts payable after more than one year | 17 | €12,747 | €36,668 | +€23,922 | +188% |
| Financial debts | 170/4 | €12,747 | €36,668 | +€23,922 | +188% |
| Amounts payable within one year | 42/48 | €73,491 | €152,079 | +€78,587 | +107% |
| Current portion of amounts payable after more than one year | 42 | €15,727 | €18,806 | +€3,079 | +19.6% |
| Trade debts | 44 | €14,761 | €16,513 | +€1,752 | +11.9% |
| Suppliers | 440/4 | €14,761 | €16,513 | +€1,752 | +11.9% |
| Taxes, remuneration and social security | 45 | €43,003 | €55,760 | +€12,757 | +29.7% |
| Taxes | 450/3 | €36,735 | €55,688 | +€18,953 | +51.6% |
| Remuneration and social security | 454/9 | €6,268 | €72 | -€6,196 | -98.9% |
| Other amounts payable | 47/48 | - | €61,000 | +€61,000 | |
| Accrued charges and deferred income | 492/3 | €27,300 | €34 | -€27,266 | -99.9% |
| Remuneration, social security and pensions | 62 | €43,637 | €11,104 | -€32,532 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,973 | €12,472 | -€3,501 | -21.9% |
| Other operating charges | 640/8 | €1,436 | €5,283 | +€3,846 | +268% |
| Gross operating margin | 9900 | €122,296 | €108,570 | -€13,726 | -11.2% |
| Operating profit (loss) | 9901 | €61,250 | €79,711 | +€18,461 | +30.1% |
| Financial income | 75/76B | €2,030 | €1,289 | -€741 | -36.5% |
| Recurring financial income | 75 | €2,030 | €1,289 | -€741 | -36.5% |
| Financial charges | 65/66B | €1,762 | €1,573 | -€189 | -10.7% |
| Recurring financial charges | 65 | €1,762 | €1,573 | -€189 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €61,518 | €79,427 | +€17,909 | +29.1% |
| Income taxes | 67/77 | €14,781 | €18,256 | +€3,475 | +23.5% |
| Profit (loss) for the period | 9904 | €46,737 | €61,171 | +€14,434 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,737 | €61,171 | +€14,434 | +30.9% |
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 19 October 2026 via checked.be.