SRL Michael POIDLINS: 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 Michael POIDLINS
Largest movements
- Receivables within one year -€25,670
down €25,670 (-71.4%), from €35,948 to €10,278
of which Trade receivables: -€24,336
- Tangible fixed assets +€10,364
up €10,364 (+37.5%), from €27,666 to €38,029
of which Furniture and vehicles: +€14,171
- Cash -€5,405
down €5,405 (-69.8%), from €7,739 to €2,334
mainly Investment in fixed assets (net) (-€20,769) and Tax, wage and social debts (-€11,552)
- Tax, wage and social debts -€11,552
down €11,552 (-96.1%), from €12,022 to €470
of which Remuneration and social security: -€11,805
- Current portion of long-term debt +€7,000
up €7,000 (+69.1%), from €10,133 to €17,133
- Other debts -€5,779
down €5,779 (-22.9%), from €25,229 to €19,449
- Trade debts -€5,652
down €5,652 (-82.3%), from €6,869 to €1,217
- Profit (loss) carried forward -€3,424
down €3,424 (-428%), from -€799 to -€4,223
- Gross operating margin +€6,544
up €6,544 (+43.9%), from €14,908 to €21,453
- Staff costs +€6,006
up €6,006 (+101%), from €5,944 to €11,950
- Depreciation -€2,505
down €2,505 (-19.3%), from €12,991 to €10,486
- Taxes +€252
new in 2025: €252
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 | €72,071 | €51,279 | -€20,792 | -28.8% |
| Formation expenses | 20 | €719 | €638 | -€80 | -11.2% |
| Fixed assets | 21/28 | €27,666 | €38,029 | +€10,364 | +37.5% |
| Tangible fixed assets | 22/27 | €27,666 | €38,029 | +€10,364 | +37.5% |
| Plant, machinery and equipment | 23 | €9,217 | €5,410 | -€3,807 | -41.3% |
| Furniture and vehicles | 24 | €18,448 | €32,619 | +€14,171 | +76.8% |
| Current assets | 29/58 | €43,687 | €12,612 | -€31,075 | -71.1% |
| Amounts receivable within one year | 40/41 | €35,948 | €10,278 | -€25,670 | -71.4% |
| Trade receivables | 40 | €33,035 | €8,699 | -€24,336 | -73.7% |
| Other amounts receivable | 41 | €2,912 | €1,579 | -€1,334 | -45.8% |
| Cash at bank and in hand | 54/58 | €7,739 | €2,334 | -€5,405 | -69.8% |
| Total equity and liabilities | 10/49 | €72,071 | €51,279 | -€20,792 | -28.8% |
| Equity | 10/15 | €4,201 | €777 | -€3,424 | -81.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€799 | -€4,223 | -€3,424 | -428% |
| Amounts payable | 17/49 | €67,871 | €50,503 | -€17,368 | -25.6% |
| Amounts payable after more than one year | 17 | €13,617 | €12,233 | -€1,384 | -10.2% |
| Financial debts | 170/4 | €13,617 | €12,233 | -€1,384 | -10.2% |
| Amounts payable within one year | 42/48 | €54,254 | €38,270 | -€15,984 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €10,133 | €17,133 | +€7,000 | +69.1% |
| Trade debts | 44 | €6,869 | €1,217 | -€5,652 | -82.3% |
| Suppliers | 440/4 | €6,869 | €1,217 | -€5,652 | -82.3% |
| Taxes, remuneration and social security | 45 | €12,022 | €470 | -€11,552 | -96.1% |
| Taxes | 450/3 | €218 | €470 | +€252 | +116% |
| Remuneration and social security | 454/9 | €11,805 | - | -€11,805 | |
| Other amounts payable | 47/48 | €25,229 | €19,449 | -€5,779 | -22.9% |
| Remuneration, social security and pensions | 62 | €5,944 | €11,950 | +€6,006 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,991 | €10,486 | -€2,505 | -19.3% |
| Other operating charges | 640/8 | €711 | €552 | -€159 | -22.4% |
| Non-recurring operating charges | 66A | €1,987 | - | -€1,987 | |
| Gross operating margin | 9900 | €14,908 | €21,453 | +€6,544 | +43.9% |
| Operating profit (loss) | 9901 | -€6,725 | -€1,536 | +€5,189 | +77.2% |
| Financial charges | 65/66B | €1,431 | €1,636 | +€206 | +14.4% |
| Recurring financial charges | 65 | €1,431 | €1,636 | +€206 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,155 | -€3,172 | +€4,984 | +61.1% |
| Income taxes | 67/77 | - | €252 | +€252 | |
| Profit (loss) for the period | 9904 | -€8,155 | -€3,424 | +€4,731 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,155 | -€3,424 | +€4,731 | +58.0% |
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 19 October 2026 via checked.be.