SR Law: 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.
SR Law
Largest movements
- Tangible fixed assets +€159,502
up €159,502 (+477%), from €33,463 to €192,965
of which Land and buildings: +€168,659
- Receivables within one year -€39,820
down €39,820 (-52.9%), from €75,241 to €35,421
of which Trade receivables: -€47,543
- Cash +€20,826
up €20,826 (+673%), from €3,093 to €23,919
mainly Debts after one year (+€127,752) and Other debts (+€57,860)
- Debts after one year +€127,752
up €127,752 (+878%), from €14,547 to €142,300
- Other debts +€57,860
up €57,860 (+5,416%), from €1,068 to €58,928
- Profit (loss) carried forward -€55,315
down €55,315 (-88.9%), from €62,194 to €6,879
- Current portion of long-term debt +€7,785
up €7,785 (+92.3%), from €8,435 to €16,220
- Tax, wage and social debts +€3,367
up €3,367 (+18.0%), from €18,742 to €22,109
- Gross operating margin +€23,821
up €23,821 (+49.6%), from €48,068 to €71,889
- Depreciation +€15,751
up €15,751 (+128%), from €12,261 to €28,012
- Financial charges +€4,062
up €4,062 (+572%), from €711 to €4,772
- Taxes +€2,824
up €2,824 (+35.5%), from €7,953 to €10,777
- Other operating charges -€1,067
down €1,067 (-53.3%), from €1,999 to €933
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 | €112,057 | €252,815 | +€140,758 | +126% |
| Fixed assets | 21/28 | €33,463 | €192,965 | +€159,502 | +477% |
| Tangible fixed assets | 22/27 | €33,463 | €192,965 | +€159,502 | +477% |
| Land and buildings | 22 | - | €168,659 | +€168,659 | |
| Plant, machinery and equipment | 23 | €6 | €0 | -€6 | -100% |
| Furniture and vehicles | 24 | €33,457 | €24,305 | -€9,151 | -27.4% |
| Current assets | 29/58 | €78,594 | €59,850 | -€18,744 | -23.8% |
| Amounts receivable within one year | 40/41 | €75,241 | €35,421 | -€39,820 | -52.9% |
| Trade receivables | 40 | €75,241 | €27,698 | -€47,543 | -63.2% |
| Other amounts receivable | 41 | €0 | €7,723 | +€7,723 | |
| Cash at bank and in hand | 54/58 | €3,093 | €23,919 | +€20,826 | +673% |
| Deferred charges and accrued income | 490/1 | €260 | €510 | +€250 | +96.1% |
| Total equity and liabilities | 10/49 | €112,057 | €252,815 | +€140,758 | +126% |
| Equity | 10/15 | €63,694 | €8,379 | -€55,315 | -86.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,194 | €6,879 | -€55,315 | -88.9% |
| Amounts payable | 17/49 | €48,363 | €244,437 | +€196,073 | +405% |
| Amounts payable after more than one year | 17 | €14,547 | €142,300 | +€127,752 | +878% |
| Financial debts | 170/4 | €14,547 | €142,300 | +€127,752 | +878% |
| Amounts payable within one year | 42/48 | €33,816 | €102,137 | +€68,321 | +202% |
| Current portion of amounts payable after more than one year | 42 | €8,435 | €16,220 | +€7,785 | +92.3% |
| Trade debts | 44 | €5,571 | €4,880 | -€691 | -12.4% |
| Suppliers | 440/4 | €5,571 | €4,880 | -€691 | -12.4% |
| Taxes, remuneration and social security | 45 | €18,742 | €22,109 | +€3,367 | +18.0% |
| Taxes | 450/3 | €18,742 | €22,109 | +€3,367 | +18.0% |
| Other amounts payable | 47/48 | €1,068 | €58,928 | +€57,860 | +5,416% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,261 | €28,012 | +€15,751 | +128% |
| Other operating charges | 640/8 | €1,999 | €933 | -€1,067 | -53.3% |
| Non-recurring operating charges | 66A | - | €3,162 | +€3,162 | |
| Gross operating margin | 9900 | €48,068 | €71,889 | +€23,821 | +49.6% |
| Operating profit (loss) | 9901 | €33,808 | €39,783 | +€5,975 | +17.7% |
| Financial income | 75/76B | €0 | €452 | +€452 | |
| Recurring financial income | 75 | €0 | €452 | +€452 | |
| Financial charges | 65/66B | €711 | €4,772 | +€4,062 | +572% |
| Recurring financial charges | 65 | €711 | €4,772 | +€4,062 | +572% |
| Profit (loss) for the period before taxes | 9903 | €33,097 | €35,462 | +€2,365 | +7.1% |
| Income taxes | 67/77 | €7,953 | €10,777 | +€2,824 | +35.5% |
| Profit (loss) for the period | 9904 | €25,145 | €24,685 | -€460 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,145 | €24,685 | -€460 | -1.8% |
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 15 October 2026 via checked.be.