SRL MILKSHAKE: 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.
SRL MILKSHAKE
Largest movements
- Receivables within one year +€179,037
up €179,037 (+29.4%), from €608,560 to €787,597
of which Other amounts receivable: +€231,579
- Tangible fixed assets -€71,328
down €71,328 (-5.5%), from €1.3m to €1.2m
of which Land and buildings: -€46,584
- Reserves +€117,000
up €117,000 (+21.1%), from €554,500 to €671,500
- Other debts +€94,963
up €94,963 (+41.4%), from €229,244 to €324,207
- Debts after one year -€54,155
down €54,155 (-6.3%), from €866,345 to €812,190
of which Financial debts: -€61,345
- Trade debts -€47,467
down €47,467 (-66.9%), from €70,927 to €23,460
- Tax, wage and social debts +€45,003
up €45,003 (+98.6%), from €45,620 to €90,622
- Other operating charges -€91,817
down €91,817 (-89.0%), from €103,184 to €11,368
- Gross operating margin +€78,579
up €78,579 (+24.9%), from €315,129 to €393,708
- Taxes +€46,682
up €46,682 (+168.4%), from €27,716 to €74,399
- Depreciation +€7,810
up €7,810 (+11.6%), from €67,456 to €75,265
- Financial charges +€5,941
up €5,941 (+20.1%), from €29,517 to €35,458
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 | €1,910,373 | €2,018,829 | +€108,456 | +5.7% |
| Fixed assets | 21/28 | €1,289,848 | €1,218,520 | -€71,328 | -5.5% |
| Tangible fixed assets | 22/27 | €1,289,848 | €1,218,520 | -€71,328 | -5.5% |
| Land and buildings | 22 | €1,180,583 | €1,133,999 | -€46,584 | -3.9% |
| Furniture and vehicles | 24 | €42,950 | €29,963 | -€12,987 | -30.2% |
| Other tangible fixed assets | 26 | €66,314 | €54,558 | -€11,757 | -17.7% |
| Current assets | 29/58 | €620,526 | €800,310 | +€179,784 | +29.0% |
| Amounts receivable within one year | 40/41 | €608,560 | €787,597 | +€179,037 | +29.4% |
| Trade receivables | 40 | €67,265 | €14,723 | -€52,542 | -78.1% |
| Other amounts receivable | 41 | €541,296 | €772,875 | +€231,579 | +42.8% |
| Cash at bank and in hand | 54/58 | €9,026 | €10,216 | +€1,190 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,940 | €2,496 | -€444 | -15.1% |
| Total equity and liabilities | 10/49 | €1,910,373 | €2,018,829 | +€108,456 | +5.7% |
| Equity | 10/15 | €557,996 | €675,012 | +€117,015 | +21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €554,500 | €671,500 | +€117,000 | +21.1% |
| Distributable reserves | 133 | €554,500 | €671,500 | +€117,000 | +21.1% |
| Profit (loss) carried forward | 14 | €496 | €512 | +€15 | +3.1% |
| Amounts payable | 17/49 | €1,352,377 | €1,343,818 | -€8,559 | -0.6% |
| Amounts payable after more than one year | 17 | €866,345 | €812,190 | -€54,155 | -6.3% |
| Financial debts | 170/4 | €842,865 | €781,520 | -€61,345 | -7.3% |
| Other amounts payable | 178/9 | €23,480 | €30,670 | +€7,190 | +30.6% |
| Amounts payable within one year | 42/48 | €481,012 | €527,154 | +€46,142 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €83,123 | €66,283 | -€16,839 | -20.3% |
| Financial debts | 43 | €52,098 | €22,581 | -€29,517 | -56.7% |
| Credit institutions | 430/8 | €52,098 | €22,581 | -€29,517 | -56.7% |
| Trade debts | 44 | €70,927 | €23,460 | -€47,467 | -66.9% |
| Suppliers | 440/4 | €70,927 | €23,460 | -€47,467 | -66.9% |
| Taxes, remuneration and social security | 45 | €45,620 | €90,622 | +€45,003 | +98.6% |
| Taxes | 450/3 | €45,620 | €90,622 | +€45,003 | +98.6% |
| Other amounts payable | 47/48 | €229,244 | €324,207 | +€94,963 | +41.4% |
| Accrued charges and deferred income | 492/3 | €5,020 | €4,474 | -€546 | -10.9% |
| Non-recurring operating income | 76A | - | €472 | +€472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,456 | €75,265 | +€7,810 | +11.6% |
| Other operating charges | 640/8 | €103,184 | €11,368 | -€91,817 | -89.0% |
| Non-recurring operating charges | 66A | €7,500 | €0 | -€7,500 | -100.0% |
| Gross operating margin | 9900 | €315,129 | €393,708 | +€78,579 | +24.9% |
| Operating profit (loss) | 9901 | €136,989 | €307,075 | +€170,086 | +124.2% |
| Financial income | 75/76B | €14,355 | €19,797 | +€5,442 | +37.9% |
| Recurring financial income | 75 | €14,355 | €19,797 | +€5,442 | +37.9% |
| Financial charges | 65/66B | €29,517 | €35,458 | +€5,941 | +20.1% |
| Recurring financial charges | 65 | €29,517 | €35,458 | +€5,941 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €121,827 | €291,414 | +€169,587 | +139.2% |
| Income taxes | 67/77 | €27,716 | €74,399 | +€46,682 | +168.4% |
| Profit (loss) for the period | 9904 | €94,110 | €217,015 | +€122,905 | +130.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,110 | €217,015 | +€122,905 | +130.6% |
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 3 October 2026 via checked.be.