14SLS: 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.
14SLS
Largest movements
- Cash +€30,812
up €30,812 (+83.6%), from €36,875 to €67,688
mainly Net result for the year (+€29,552) and Tax, wage and social debts (+€6,681)
- Receivables within one year -€1,352
down €1,352 (-8.4%), from €16,105 to €14,753
- Reserves +€29,000
up €29,000 (+152.6%), from €19,000 to €48,000
- Tax, wage and social debts +€6,681
up €6,681 (+48.3%), from €13,829 to €20,510
of which Taxes: +€3,791
- Trade debts -€4,280
down €4,280 (-43.1%), from €9,930 to €5,650
- Debts after one year -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Other debts -€1,558
no longer reported in 2025 (was €1,558)
- Gross operating margin +€14,070
up €14,070 (+54.8%), from €25,686 to €39,756
- Taxes +€2,777
up €2,777 (+53.6%), from €5,180 to €7,957
- Other operating charges +€699
up €699 (+217.3%), from €322 to €1,021
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 | €54,911 | €83,643 | +€28,733 | +52.3% |
| Fixed assets | 21/28 | €824 | €465 | -€359 | -43.6% |
| Tangible fixed assets | 22/27 | €824 | €465 | -€359 | -43.6% |
| Furniture and vehicles | 24 | €824 | €465 | -€359 | -43.6% |
| Current assets | 29/58 | €54,087 | €83,179 | +€29,092 | +53.8% |
| Amounts receivable within one year | 40/41 | €16,105 | €14,753 | -€1,352 | -8.4% |
| Trade receivables | 40 | €16,105 | €14,753 | -€1,352 | -8.4% |
| Cash at bank and in hand | 54/58 | €36,875 | €67,688 | +€30,812 | +83.6% |
| Deferred charges and accrued income | 490/1 | €1,106 | €738 | -€368 | -33.3% |
| Total equity and liabilities | 10/49 | €54,911 | €83,643 | +€28,733 | +52.3% |
| Equity | 10/15 | €24,325 | €53,877 | +€29,552 | +121.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €48,000 | +€29,000 | +152.6% |
| Distributable reserves | 133 | €19,000 | €48,000 | +€29,000 | +152.6% |
| Profit (loss) carried forward | 14 | €325 | €877 | +€552 | +169.7% |
| Amounts payable | 17/49 | €30,586 | €29,767 | -€819 | -2.7% |
| Amounts payable after more than one year | 17 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Financial debts | 170/4 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Amounts payable within one year | 42/48 | €25,317 | €26,161 | +€843 | +3.3% |
| Trade debts | 44 | €9,930 | €5,650 | -€4,280 | -43.1% |
| Suppliers | 440/4 | €9,930 | €5,650 | -€4,280 | -43.1% |
| Taxes, remuneration and social security | 45 | €13,829 | €20,510 | +€6,681 | +48.3% |
| Taxes | 450/3 | €12,329 | €16,121 | +€3,791 | +30.7% |
| Remuneration and social security | 454/9 | €1,500 | €4,390 | +€2,890 | +192.7% |
| Other amounts payable | 47/48 | €1,558 | - | -€1,558 | |
| Accrued charges and deferred income | 492/3 | €268 | €606 | +€338 | +125.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €359 | +€105 | +41.6% |
| Other operating charges | 640/8 | €322 | €1,021 | +€699 | +217.3% |
| Gross operating margin | 9900 | €25,686 | €39,756 | +€14,070 | +54.8% |
| Operating profit (loss) | 9901 | €25,110 | €38,375 | +€13,265 | +52.8% |
| Financial income | 75/76B | €192 | - | -€192 | |
| Recurring financial income | 75 | €192 | - | -€192 | |
| Financial charges | 65/66B | €797 | €867 | +€69 | +8.7% |
| Recurring financial charges | 65 | €797 | €867 | +€69 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €24,505 | €37,508 | +€13,004 | +53.1% |
| Income taxes | 67/77 | €5,180 | €7,957 | +€2,777 | +53.6% |
| Profit (loss) for the period | 9904 | €19,325 | €29,552 | +€10,227 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,325 | €29,552 | +€10,227 | +52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.