SRL MDrALS: 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 MDrALS
Largest movements
- Tangible fixed assets -€27,921
down €27,921 (-25.1%), from €111,254 to €83,333
- Intangible fixed assets -€6,975
down €6,975 (-33.9%), from €20,600 to €13,625
- Cash +€4,204
up €4,204 (+43.7%), from €9,616 to €13,820
mainly Net result for the year (+€91,783) and Depreciation (+€34,896)
- Current investments -€2,770
down €2,770 (-6.5%), from €42,721 to €39,951
- Deferred charges and accrued income +€2,513
up €2,513 (+6.0%), from €42,163 to €44,676
- Debts after one year -€27,705
down €27,705 (-32.5%), from €85,275 to €57,571
- Gross operating margin -€2,132
down €2,132 (-1.3%), from €166,749 to €164,617
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 | €233,446 | €203,436 | -€30,010 | -12.9% |
| Fixed assets | 21/28 | €131,884 | €96,988 | -€34,896 | -26.5% |
| Intangible fixed assets | 21 | €20,600 | €13,625 | -€6,975 | -33.9% |
| Tangible fixed assets | 22/27 | €111,254 | €83,333 | -€27,921 | -25.1% |
| Furniture and vehicles | 24 | €111,254 | €83,333 | -€27,921 | -25.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €101,562 | €106,448 | +€4,886 | +4.8% |
| Amounts receivable within one year | 40/41 | €7,061 | €8,000 | +€939 | +13.3% |
| Other amounts receivable | 41 | €7,061 | €8,000 | +€939 | +13.3% |
| Current investments | 50/53 | €42,721 | €39,951 | -€2,770 | -6.5% |
| Cash at bank and in hand | 54/58 | €9,616 | €13,820 | +€4,204 | +43.7% |
| Deferred charges and accrued income | 490/1 | €42,163 | €44,676 | +€2,513 | +6.0% |
| Total equity and liabilities | 10/49 | €233,446 | €203,436 | -€30,010 | -12.9% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €228,446 | €198,436 | -€30,010 | -13.1% |
| Amounts payable after more than one year | 17 | €85,275 | €57,571 | -€27,705 | -32.5% |
| Financial debts | 170/4 | €85,275 | €57,571 | -€27,705 | -32.5% |
| Amounts payable within one year | 42/48 | €143,170 | €140,865 | -€2,305 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €29,352 | €27,705 | -€1,647 | -5.6% |
| Trade debts | 44 | €1,250 | - | -€1,250 | |
| Suppliers | 440/4 | €1,250 | - | -€1,250 | |
| Taxes, remuneration and social security | 45 | - | €1,087 | +€1,087 | |
| Taxes | 450/3 | - | €1,087 | +€1,087 | |
| Other amounts payable | 47/48 | €112,568 | €112,074 | -€495 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,155 | €34,896 | -€259 | -0.7% |
| Other operating charges | 640/8 | €1,290 | €1,358 | +€68 | +5.2% |
| Gross operating margin | 9900 | €166,749 | €164,617 | -€2,132 | -1.3% |
| Operating profit (loss) | 9901 | €130,303 | €128,363 | -€1,940 | -1.5% |
| Financial income | 75/76B | €56 | €145 | +€90 | +160% |
| Recurring financial income | 75 | €56 | €145 | +€90 | +160% |
| Financial charges | 65/66B | €4,318 | €3,639 | -€679 | -15.7% |
| Recurring financial charges | 65 | €4,318 | €3,639 | -€679 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €126,041 | €124,870 | -€1,171 | -0.9% |
| Income taxes | 67/77 | €32,939 | €33,087 | +€148 | +0.4% |
| Profit (loss) for the period | 9904 | €93,102 | €91,783 | -€1,319 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,102 | €91,783 | -€1,319 | -1.4% |
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 16 October 2026 via checked.be.