SRL116: 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.
SRL116
Largest movements
- Receivables within one year -€15,581
down €15,581 (-4.5%), from €343,406 to €327,825
of which Trade receivables: -€40,574
- Trade debts -€125,418
down €125,418 (-25.0%), from €502,196 to €376,777
- Profit (loss) carried forward +€82,618
up €82,618 (+31.1%), from -€265,791 to -€183,173
- Tax, wage and social debts +€29,497
up €29,497 (+22.8%), from €129,523 to €159,021
of which Taxes: +€24,705
- Other debts -€6,447
down €6,447 (-30.0%), from €21,498 to €15,051
- Gross operating margin -€128,381
down €128,381 (-23.3%), from €551,433 to €423,052
- Taxes -€53,536
no longer reported in 2024 (was €53,536)
- Staff costs -€41,781
down €41,781 (-11.2%), from €371,393 to €329,612
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,781 | €374,031 | -€19,750 | -5.0% |
| Fixed assets | 21/28 | €10,963 | €10,592 | -€370 | -3.4% |
| Tangible fixed assets | 22/27 | €10,963 | €10,592 | -€370 | -3.4% |
| Plant, machinery and equipment | 23 | €3,251 | €4,512 | +€1,261 | +38.8% |
| Furniture and vehicles | 24 | €7,712 | €6,081 | -€1,631 | -21.2% |
| Current assets | 29/58 | €382,818 | €363,439 | -€19,379 | -5.1% |
| Stocks and contracts in progress | 3 | €9,686 | €7,578 | -€2,108 | -21.8% |
| Stocks | 30/36 | €9,686 | €7,578 | -€2,108 | -21.8% |
| Amounts receivable within one year | 40/41 | €343,406 | €327,825 | -€15,581 | -4.5% |
| Trade receivables | 40 | €238,627 | €198,053 | -€40,574 | -17.0% |
| Other amounts receivable | 41 | €104,779 | €129,771 | +€24,993 | +23.9% |
| Cash at bank and in hand | 54/58 | €29,726 | €28,036 | -€1,690 | -5.7% |
| Total equity and liabilities | 10/49 | €393,781 | €374,031 | -€19,750 | -5.0% |
| Equity | 10/15 | -€259,436 | -€176,818 | +€82,618 | +31.8% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,791 | -€183,173 | +€82,618 | +31.1% |
| Amounts payable | 17/49 | €653,217 | €550,849 | -€102,368 | -15.7% |
| Amounts payable within one year | 42/48 | €653,217 | €550,849 | -€102,368 | -15.7% |
| Trade debts | 44 | €502,196 | €376,777 | -€125,418 | -25.0% |
| Suppliers | 440/4 | €502,196 | €376,777 | -€125,418 | -25.0% |
| Taxes, remuneration and social security | 45 | €129,523 | €159,021 | +€29,497 | +22.8% |
| Taxes | 450/3 | €40,582 | €65,287 | +€24,705 | +60.9% |
| Remuneration and social security | 454/9 | €88,941 | €93,734 | +€4,792 | +5.4% |
| Other amounts payable | 47/48 | €21,498 | €15,051 | -€6,447 | -30.0% |
| Non-recurring operating income | 76A | €363,320 | €166,263 | -€197,057 | -54.2% |
| Remuneration, social security and pensions | 62 | €371,393 | €329,612 | -€41,781 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €3,639 | +€677 | +22.9% |
| Other operating charges | 640/8 | €4,771 | €4,780 | +€8 | +0.2% |
| Non-recurring operating charges | 66A | €62,590 | - | -€62,590 | |
| Gross operating margin | 9900 | €551,433 | €423,052 | -€128,381 | -23.3% |
| Operating profit (loss) | 9901 | €109,716 | €85,021 | -€24,695 | -22.5% |
| Financial charges | 65/66B | €3,340 | €2,402 | -€937 | -28.1% |
| Recurring financial charges | 65 | €3,340 | €2,402 | -€937 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €106,377 | €82,618 | -€23,758 | -22.3% |
| Income taxes | 67/77 | €53,536 | - | -€53,536 | |
| Profit (loss) for the period | 9904 | €52,841 | €82,618 | +€29,778 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,841 | €82,618 | +€29,778 | +56.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.