SRL ACG: 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.
SRL ACG
Largest movements
- Tangible fixed assets -€388,522
down €388,522 (-22.4%), from €1.7m to €1.3m
of which Plant, machinery and equipment: -€371,050
- Cash +€96,172
up €96,172 (+44.8%), from €214,581 to €310,752
mainly Depreciation (+€214,193) and Investment in fixed assets (net) (+€174,329)
- Receivables within one year +€82,303
up €82,303 (+236%), from €34,871 to €117,174
of which Trade receivables: +€82,168
- Other debts -€200,000
down €200,000 (-16.0%), from €1.2m to €1.0m
- Current portion of long-term debt -€75,319
down €75,319 (-40.6%), from €185,691 to €110,372
- Debts after one year +€65,220
up €65,220 (+18.2%), from €358,477 to €423,698
- Turnover -€466,358
no longer reported in 2025 (was €466,358)
- Purchases and services -€268,466
no longer reported in 2025 (was €268,466)
- Gross operating margin +€20,282
up €20,282 (+10.1%), from €201,472 to €221,754
- Financial income -€15,808
down €15,808 (-56.0%), from €28,223 to €12,415
of which Non-recurring financial income: -€17,466
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 | €2,006,843 | €1,790,751 | -€216,092 | -10.8% |
| Fixed assets | 21/28 | €1,737,671 | €1,349,149 | -€388,522 | -22.4% |
| Tangible fixed assets | 22/27 | €1,737,671 | €1,349,149 | -€388,522 | -22.4% |
| Land and buildings | 22 | €52,536 | €35,063 | -€17,473 | -33.3% |
| Plant, machinery and equipment | 23 | €1,685,135 | €1,314,085 | -€371,050 | -22.0% |
| Current assets | 29/58 | €269,172 | €441,603 | +€172,430 | +64.1% |
| Stocks and contracts in progress | 3 | €13,300 | €7,214 | -€6,086 | -45.8% |
| Stocks | 30/36 | €13,300 | €7,214 | -€6,086 | -45.8% |
| Amounts receivable within one year | 40/41 | €34,871 | €117,174 | +€82,303 | +236% |
| Trade receivables | 40 | €25,052 | €107,221 | +€82,168 | +328% |
| Other amounts receivable | 41 | €9,819 | €9,954 | +€135 | +1.4% |
| Cash at bank and in hand | 54/58 | €214,581 | €310,752 | +€96,172 | +44.8% |
| Deferred charges and accrued income | 490/1 | €6,420 | €6,462 | +€41 | +0.6% |
| Total equity and liabilities | 10/49 | €2,006,843 | €1,790,751 | -€216,092 | -10.8% |
| Equity | 10/15 | €198,187 | €190,269 | -€7,918 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,196 | €159,694 | +€4,498 | +2.9% |
| Investment grants | 15 | €22,531 | €10,116 | -€12,415 | -55.1% |
| Amounts payable | 17/49 | €1,808,656 | €1,600,482 | -€208,174 | -11.5% |
| Amounts payable after more than one year | 17 | €358,477 | €423,698 | +€65,220 | +18.2% |
| Financial debts | 170/4 | €358,477 | €423,698 | +€65,220 | +18.2% |
| Amounts payable within one year | 42/48 | €1,450,179 | €1,176,784 | -€273,395 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €185,691 | €110,372 | -€75,319 | -40.6% |
| Trade debts | 44 | €16,764 | €16,257 | -€506 | -3.0% |
| Suppliers | 440/4 | €16,764 | €16,257 | -€506 | -3.0% |
| Taxes, remuneration and social security | 45 | - | €2,431 | +€2,431 | |
| Taxes | 450/3 | - | €448 | +€448 | |
| Remuneration and social security | 454/9 | - | €1,983 | +€1,983 | |
| Other amounts payable | 47/48 | €1,247,724 | €1,047,724 | -€200,000 | -16.0% |
| Turnover | 70 | €466,358 | - | -€466,358 | |
| Goods, raw materials, services and sundry goods | 60/61 | €268,466 | - | -€268,466 | |
| Remuneration, social security and pensions | 62 | €1,206 | €1,222 | +€16 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,807 | €214,193 | -€3,614 | -1.7% |
| Other operating charges | 640/8 | €786 | €1,174 | +€387 | +49.3% |
| Gross operating margin | 9900 | €201,472 | €221,754 | +€20,282 | +10.1% |
| Operating profit (loss) | 9901 | -€18,326 | €5,166 | +€23,492 | |
| Financial income | 75/76B | €28,223 | €12,415 | -€15,808 | -56.0% |
| Recurring financial income | 75 | €10,757 | €12,415 | +€1,658 | +15.4% |
| Non-recurring financial income | 76B | €17,466 | - | -€17,466 | |
| Financial charges | 65/66B | €9,085 | €13,083 | +€3,998 | +44.0% |
| Recurring financial charges | 65 | €9,085 | €13,083 | +€3,998 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €811 | €4,498 | +€3,687 | +455% |
| Transfer from deferred taxes | 780 | €929 | - | -€929 | |
| Profit (loss) for the period | 9904 | €1,740 | €4,498 | +€2,758 | +158% |
| Transfer from tax-exempt reserves | 789 | €1,725 | - | -€1,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,466 | €4,498 | +€1,032 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.