SRL GL FINANCES: 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 GL FINANCES
Largest movements
- Cash -€93,241
down €93,241 (-12.6%), from €740,000 to €646,759
mainly Contributions, distributions and other (-€310,385) and Other debts (-€168,777)
- Deferred charges and accrued income -€48,849
down €48,849 (-83.7%), from €58,388 to €9,539
- Intangible fixed assets -€20,000
down €20,000 (-16.0%), from €124,932 to €104,932
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Other debts -€168,777
down €168,777 (-21.8%), from €772,717 to €603,941
- Debts after one year -€22,009
down €22,009 (-18.1%), from €121,728 to €99,719
- Staff costs +€64,845
up €64,845 (+91.5%), from €70,852 to €135,697
- Gross operating margin +€22,943
up €22,943 (+4.4%), from €526,962 to €549,905
- Financial income +€16,395
up €16,395 (+215%), from €7,628 to €24,023
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 | €959,086 | €774,769 | -€184,317 | -19.2% |
| Fixed assets | 21/28 | €127,490 | €111,777 | -€15,714 | -12.3% |
| Intangible fixed assets | 21 | €124,932 | €104,932 | -€20,000 | -16.0% |
| Tangible fixed assets | 22/27 | €2,384 | €6,670 | +€4,286 | +180% |
| Furniture and vehicles | 24 | €2,384 | €6,670 | +€4,286 | +180% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €831,595 | €662,992 | -€168,603 | -20.3% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €13,208 | €6,695 | -€6,513 | -49.3% |
| Other amounts receivable | 41 | €13,208 | €6,695 | -€6,513 | -49.3% |
| Cash at bank and in hand | 54/58 | €740,000 | €646,759 | -€93,241 | -12.6% |
| Deferred charges and accrued income | 490/1 | €58,388 | €9,539 | -€48,849 | -83.7% |
| Total equity and liabilities | 10/49 | €959,086 | €774,769 | -€184,317 | -19.2% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €954,086 | €769,769 | -€184,317 | -19.3% |
| Amounts payable after more than one year | 17 | €121,728 | €99,719 | -€22,009 | -18.1% |
| Financial debts | 170/4 | €121,728 | €99,719 | -€22,009 | -18.1% |
| Amounts payable within one year | 42/48 | €832,357 | €670,050 | -€162,307 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €28,557 | €28,768 | +€211 | +0.7% |
| Financial debts | 43 | €2,563 | €7,868 | +€5,305 | +207% |
| Credit institutions | 430/8 | €2,563 | €7,868 | +€5,305 | +207% |
| Trade debts | 44 | €8,534 | €13,666 | +€5,132 | +60.1% |
| Suppliers | 440/4 | €8,534 | €13,666 | +€5,132 | +60.1% |
| Taxes, remuneration and social security | 45 | €19,986 | €15,808 | -€4,178 | -20.9% |
| Taxes | 450/3 | €8,459 | - | -€8,459 | |
| Remuneration and social security | 454/9 | €11,527 | €15,808 | +€4,281 | +37.1% |
| Other amounts payable | 47/48 | €772,717 | €603,941 | -€168,777 | -21.8% |
| Remuneration, social security and pensions | 62 | €70,852 | €135,697 | +€64,845 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,526 | €21,809 | -€717 | -3.2% |
| Other operating charges | 640/8 | €3,226 | €3,150 | -€76 | -2.4% |
| Gross operating margin | 9900 | €526,962 | €549,905 | +€22,943 | +4.4% |
| Operating profit (loss) | 9901 | €430,358 | €389,250 | -€41,108 | -9.6% |
| Financial income | 75/76B | €7,628 | €24,023 | +€16,395 | +215% |
| Recurring financial income | 75 | €7,628 | €24,023 | +€16,395 | +215% |
| Financial charges | 65/66B | €2,677 | €2,375 | -€301 | -11.3% |
| Recurring financial charges | 65 | €2,677 | €2,375 | -€301 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €435,309 | €410,898 | -€24,412 | -5.6% |
| Income taxes | 67/77 | €105,747 | €100,512 | -€5,235 | -5.0% |
| Profit (loss) for the period | 9904 | €329,562 | €310,385 | -€19,176 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €329,562 | €310,385 | -€19,176 | -5.8% |
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 28 October 2026 via checked.be.