SLRW: 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.
SLRW
Largest movements
- Tangible fixed assets +€65,435
up €65,435 (+809.6%), from €8,082 to €73,517
of which Furniture and vehicles: +€47,061
- Cash +€11,033
up €11,033 (+421.4%), from €2,618 to €13,651
mainly Debts after one year (+€88,719) and Depreciation (+€14,916)
- Debts after one year +€88,719
up €88,719 (+5322.4%), from €1,667 to €90,386
- Profit (loss) carried forward -€4,931
down €4,931 (-15.0%), from €32,778 to €27,848
- Tax, wage and social debts -€4,846
down €4,846 (-32.3%), from €14,982 to €10,136
of which Taxes: -€4,846
- Current portion of long-term debt -€2,095
down €2,095 (-100.0%), from €2,095 to €0
- Other debts -€1,519
no longer reported in 2025 (was €1,519)
- Turnover +€81,441
new in 2025: €81,441
- Gross operating margin -€12,018
down €12,018 (-43.9%), from €27,373 to €15,355
- Depreciation +€10,565
up €10,565 (+242.8%), from €4,352 to €14,916
- Taxes -€5,659
down €5,659 (-95.6%), from €5,916 to €258
- Financial income -€1,621
down €1,621 (-100.0%), from €1,621 to €0
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 | €54,751 | €130,430 | +€75,678 | +138.2% |
| Fixed assets | 21/28 | €8,082 | €73,517 | +€65,435 | +809.6% |
| Tangible fixed assets | 22/27 | €8,082 | €73,517 | +€65,435 | +809.6% |
| Plant, machinery and equipment | 23 | €3,379 | €21,752 | +€18,374 | +543.8% |
| Furniture and vehicles | 24 | €4,704 | €51,765 | +€47,061 | +1000.5% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €46,669 | €56,913 | +€10,244 | +21.9% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €43,822 | €42,622 | -€1,201 | -2.7% |
| Trade receivables | 40 | €9,799 | €3,766 | -€6,034 | -61.6% |
| Other amounts receivable | 41 | €34,023 | €38,856 | +€4,833 | +14.2% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,618 | €13,651 | +€11,033 | +421.4% |
| Deferred charges and accrued income | 490/1 | €228 | €640 | +€411 | +180.1% |
| Total equity and liabilities | 10/49 | €54,751 | €130,430 | +€75,678 | +138.2% |
| Equity | 10/15 | €34,278 | €29,348 | -€4,931 | -14.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €32,778 | €27,848 | -€4,931 | -15.0% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Amounts payable | 17/49 | €20,473 | €101,082 | +€80,609 | +393.7% |
| Amounts payable after more than one year | 17 | €1,667 | €90,386 | +€88,719 | +5322.4% |
| Financial debts | 170/4 | €1,667 | €90,386 | +€88,719 | +5322.4% |
| Amounts payable within one year | 42/48 | €18,806 | €10,696 | -€8,110 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €2,095 | €0 | -€2,095 | -100.0% |
| Trade debts | 44 | €210 | €560 | +€350 | +166.9% |
| Suppliers | 440/4 | €210 | €560 | +€350 | +166.9% |
| Taxes, remuneration and social security | 45 | €14,982 | €10,136 | -€4,846 | -32.3% |
| Taxes | 450/3 | €14,982 | €10,136 | -€4,846 | -32.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €1,519 | - | -€1,519 | |
| Turnover | 70 | - | €81,441 | +€81,441 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,352 | €14,916 | +€10,565 | +242.8% |
| Other operating charges | 640/8 | €879 | €1,777 | +€898 | +102.2% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €27,373 | €15,355 | -€12,018 | -43.9% |
| Operating profit (loss) | 9901 | €22,143 | -€1,337 | -€23,481 | |
| Financial income | 75/76B | €1,621 | €0 | -€1,621 | -100.0% |
| Recurring financial income | 75 | €1,621 | €0 | -€1,621 | -100.0% |
| Financial charges | 65/66B | €1,873 | €3,336 | +€1,463 | +78.1% |
| Recurring financial charges | 65 | €1,873 | €3,336 | +€1,463 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €21,891 | -€4,673 | -€26,564 | |
| Income taxes | 67/77 | €5,916 | €258 | -€5,659 | -95.6% |
| Profit (loss) for the period | 9904 | €15,975 | -€4,931 | -€20,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,975 | -€4,931 | -€20,906 |
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 3 October 2026 via checked.be.