SR2L: 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.
SR2L
Largest movements
- Cash +€77,821
up €77,821 (+60.5%), from €128,736 to €206,557
mainly Net result for the year (+€85,758) and Other debts (+€25,047)
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€4,429
down €4,429 (-36.6%), from €12,117 to €7,688
of which Furniture and vehicles: -€3,942
- Profit (loss) carried forward +€84,092
up €84,092 (+65.0%), from €129,304 to €213,396
- Other debts +€25,047
up €25,047 (+373.1%), from €6,714 to €31,761
- Trade debts -€5,731
down €5,731 (-80.1%), from €7,154 to €1,423
- Financial charges +€2,465
up €2,465 (+349.1%), from €706 to €3,171
- Financial income +€1,244
new in 2025: €1,244
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 | €186,019 | €288,478 | +€102,459 | +55.1% |
| Fixed assets | 21/28 | €12,117 | €8,957 | -€3,160 | -26.1% |
| Tangible fixed assets | 22/27 | €12,117 | €7,688 | -€4,429 | -36.6% |
| Furniture and vehicles | 24 | €7,741 | €3,799 | -€3,942 | -50.9% |
| Other tangible fixed assets | 26 | €4,376 | €3,889 | -€487 | -11.1% |
| Financial fixed assets | 28 | - | €1,269 | +€1,269 | |
| Current assets | 29/58 | €173,901 | €279,521 | +€105,619 | +60.7% |
| Amounts receivable within one year | 40/41 | €44,632 | €42,066 | -€2,566 | -5.7% |
| Trade receivables | 40 | €43,951 | €42,066 | -€1,885 | -4.3% |
| Other amounts receivable | 41 | €681 | €0 | -€681 | -100.0% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €128,736 | €206,557 | +€77,821 | +60.5% |
| Deferred charges and accrued income | 490/1 | €534 | €898 | +€364 | +68.1% |
| Total equity and liabilities | 10/49 | €186,019 | €288,478 | +€102,459 | +55.1% |
| Equity | 10/15 | €133,304 | €217,396 | +€84,092 | +63.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,304 | €213,396 | +€84,092 | +65.0% |
| Amounts payable | 17/49 | €52,715 | €71,082 | +€18,367 | +34.8% |
| Amounts payable within one year | 42/48 | €52,165 | €69,850 | +€17,685 | +33.9% |
| Financial debts | 43 | €18 | €21 | +€3 | +16.7% |
| Other loans | 439 | €18 | €21 | +€3 | +16.7% |
| Trade debts | 44 | €7,154 | €1,423 | -€5,731 | -80.1% |
| Suppliers | 440/4 | €7,154 | €1,423 | -€5,731 | -80.1% |
| Taxes, remuneration and social security | 45 | €38,279 | €36,644 | -€1,635 | -4.3% |
| Taxes | 450/3 | €38,279 | €36,644 | -€1,635 | -4.3% |
| Other amounts payable | 47/48 | €6,714 | €31,761 | +€25,047 | +373.1% |
| Accrued charges and deferred income | 492/3 | €550 | €1,232 | +€682 | +124.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,278 | €6,095 | -€183 | -2.9% |
| Other operating charges | 640/8 | €860 | €808 | -€52 | -6.1% |
| Gross operating margin | 9900 | €119,096 | €118,581 | -€515 | -0.4% |
| Operating profit (loss) | 9901 | €111,959 | €111,679 | -€280 | -0.2% |
| Financial income | 75/76B | - | €1,244 | +€1,244 | |
| Recurring financial income | 75 | - | €1,244 | +€1,244 | |
| Financial charges | 65/66B | €706 | €3,171 | +€2,465 | +349.1% |
| Recurring financial charges | 65 | €706 | €3,171 | +€2,465 | +349.1% |
| Profit (loss) for the period before taxes | 9903 | €111,253 | €109,751 | -€1,501 | -1.3% |
| Income taxes | 67/77 | €23,278 | €23,994 | +€716 | +3.1% |
| Profit (loss) for the period | 9904 | €87,975 | €85,758 | -€2,217 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,975 | €85,758 | -€2,217 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.