SRT: what changed
Two fiscal 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.
SRT
Largest movements
- Tangible fixed assets -€19,282
down €19,282 (-5.2%), from €369,301 to €350,019
- Deferred charges and accrued income +€10,800
new in 2025: €10,800
- Debts after one year -€21,278
down €21,278 (-9.3%), from €229,436 to €208,158
- Trade debts +€9,201
up €9,201 (+3249.5%), from €283 to €9,484
- Gross operating margin -€6,997
down €6,997 (-21.5%), from €32,488 to €25,492
- Other operating charges -€1,448
down €1,448 (-46.6%), from €3,108 to €1,660
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 | €387,254 | €376,497 | -€10,756 | -2.8% |
| Fixed assets | 21/28 | €369,301 | €350,019 | -€19,282 | -5.2% |
| Tangible fixed assets | 22/27 | €369,301 | €350,019 | -€19,282 | -5.2% |
| Land and buildings | 22 | €369,301 | €350,019 | -€19,282 | -5.2% |
| Current assets | 29/58 | €17,953 | €26,478 | +€8,525 | +47.5% |
| Cash at bank and in hand | 54/58 | €17,953 | €15,678 | -€2,275 | -12.7% |
| Deferred charges and accrued income | 490/1 | - | €10,800 | +€10,800 | |
| Total equity and liabilities | 10/49 | €387,254 | €376,497 | -€10,756 | -2.8% |
| Equity | 10/15 | €98,132 | €100,806 | +€2,674 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,895 | €112,895 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,895 | €1,895 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,895 | €1,895 | = | 0.0% |
| Distributable reserves | 133 | €111,000 | €111,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,963 | -€18,288 | +€2,674 | +12.8% |
| Amounts payable | 17/49 | €289,122 | €275,691 | -€13,431 | -4.6% |
| Amounts payable after more than one year | 17 | €229,436 | €208,158 | -€21,278 | -9.3% |
| Financial debts | 170/4 | €229,436 | €208,158 | -€21,278 | -9.3% |
| Amounts payable within one year | 42/48 | €56,350 | €65,698 | +€9,348 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €21,123 | €21,278 | +€155 | +0.7% |
| Trade debts | 44 | €283 | €9,484 | +€9,201 | +3249.5% |
| Suppliers | 440/4 | €283 | €9,484 | +€9,201 | +3249.5% |
| Other amounts payable | 47/48 | €34,943 | €34,936 | -€7 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,336 | €1,835 | -€1,501 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,282 | €19,282 | = | 0.0% |
| Other operating charges | 640/8 | €3,108 | €1,660 | -€1,448 | -46.6% |
| Gross operating margin | 9900 | €32,488 | €25,492 | -€6,997 | -21.5% |
| Operating profit (loss) | 9901 | €10,098 | €4,550 | -€5,548 | -54.9% |
| Financial charges | 65/66B | €2,029 | €1,876 | -€153 | -7.6% |
| Recurring financial charges | 65 | €2,029 | €1,876 | -€153 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €8,069 | €2,674 | -€5,395 | -66.9% |
| Profit (loss) for the period | 9904 | €8,069 | €2,674 | -€5,395 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,069 | €2,674 | -€5,395 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.