B & G SLEUTEL: 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.
B & G SLEUTEL
Largest movements
- Stocks and contracts +€69,744
up €69,744 (+13.6%), from €511,997 to €581,740
- Receivables within one year +€34,579
up €34,579 (+34.0%), from €101,601 to €136,180
of which Trade receivables: +€34,619
- Tangible fixed assets -€32,079
down €32,079 (-4.9%), from €655,636 to €623,557
of which Land and buildings: -€64,094
- Other debts +€84,554
up €84,554 (+37.4%), from €226,219 to €310,774
- Trade debts +€41,927
up €41,927 (+67.0%), from €62,617 to €104,544
- Reserves -€40,170
down €40,170 (-6.4%), from €622,884 to €582,713
of which Distributable reserves: -€40,170
- Debts after one year -€29,862
down €29,862 (-6.6%), from €452,991 to €423,130
- Tax, wage and social debts +€29,512
up €29,512 (+78.0%), from €37,832 to €67,344
of which Taxes: +€28,037
- Gross operating margin +€66,767
up €66,767 (+16.8%), from €398,270 to €465,037
- Financial income -€24,058
down €24,058 (-76.4%), from €31,495 to €7,437
- Staff costs +€9,825
up €9,825 (+6.2%), from €157,985 to €167,810
- Depreciation +€7,186
up €7,186 (+7.6%), from €94,645 to €101,831
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 | €1,642,345 | €1,726,085 | +€83,740 | +5.1% |
| Fixed assets | 21/28 | €655,636 | €623,807 | -€31,829 | -4.9% |
| Intangible fixed assets | 21 | - | €250 | +€250 | |
| Tangible fixed assets | 22/27 | €655,636 | €623,557 | -€32,079 | -4.9% |
| Land and buildings | 22 | €557,820 | €493,726 | -€64,094 | -11.5% |
| Plant, machinery and equipment | 23 | €94,944 | €98,134 | +€3,191 | +3.4% |
| Furniture and vehicles | 24 | €2,872 | €31,697 | +€28,825 | +1,004% |
| Current assets | 29/58 | €986,710 | €1,102,279 | +€115,569 | +11.7% |
| Stocks and contracts in progress | 3 | €511,997 | €581,740 | +€69,744 | +13.6% |
| Stocks | 30/36 | €511,997 | €581,740 | +€69,744 | +13.6% |
| Amounts receivable within one year | 40/41 | €101,601 | €136,180 | +€34,579 | +34.0% |
| Trade receivables | 40 | €72,216 | €106,836 | +€34,619 | +47.9% |
| Other amounts receivable | 41 | €29,385 | €29,344 | -€40 | -0.1% |
| Cash at bank and in hand | 54/58 | €354,877 | €369,614 | +€14,736 | +4.2% |
| Deferred charges and accrued income | 490/1 | €18,235 | €14,745 | -€3,490 | -19.1% |
| Total equity and liabilities | 10/49 | €1,642,345 | €1,726,085 | +€83,740 | +5.1% |
| Equity | 10/15 | €808,884 | €768,713 | -€40,170 | -5.0% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €622,884 | €582,713 | -€40,170 | -6.4% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €604,284 | €564,113 | -€40,170 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €833,462 | €957,372 | +€123,910 | +14.9% |
| Amounts payable after more than one year | 17 | €452,991 | €423,130 | -€29,862 | -6.6% |
| Financial debts | 170/4 | €452,991 | €423,130 | -€29,862 | -6.6% |
| Amounts payable within one year | 42/48 | €380,471 | €534,242 | +€153,771 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €53,802 | €51,580 | -€2,222 | -4.1% |
| Trade debts | 44 | €62,617 | €104,544 | +€41,927 | +67.0% |
| Suppliers | 440/4 | €62,617 | €104,544 | +€41,927 | +67.0% |
| Taxes, remuneration and social security | 45 | €37,832 | €67,344 | +€29,512 | +78.0% |
| Taxes | 450/3 | €17,092 | €45,129 | +€28,037 | +164% |
| Remuneration and social security | 454/9 | €20,740 | €22,215 | +€1,475 | +7.1% |
| Other amounts payable | 47/48 | €226,219 | €310,774 | +€84,554 | +37.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €157,985 | €167,810 | +€9,825 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,645 | €101,831 | +€7,186 | +7.6% |
| Other operating charges | 640/8 | €6,319 | €6,199 | -€120 | -1.9% |
| Gross operating margin | 9900 | €398,270 | €465,037 | +€66,767 | +16.8% |
| Operating profit (loss) | 9901 | €139,321 | €189,197 | +€49,876 | +35.8% |
| Financial income | 75/76B | €31,495 | €7,437 | -€24,058 | -76.4% |
| Recurring financial income | 75 | €31,495 | €7,437 | -€24,058 | -76.4% |
| Financial charges | 65/66B | €16,644 | €16,785 | +€141 | +0.8% |
| Recurring financial charges | 65 | €16,644 | €16,785 | +€141 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €154,172 | €179,849 | +€25,677 | +16.7% |
| Income taxes | 67/77 | €53,876 | €55,779 | +€1,903 | +3.5% |
| Profit (loss) for the period | 9904 | €100,296 | €124,070 | +€23,774 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,296 | €124,070 | +€23,774 | +23.7% |
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 27 October 2026 via checked.be.