Bart Slootmaeckers: 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.
Bart Slootmaeckers
Largest movements
- Tangible fixed assets -€31,392
down €31,392 (-13.1%), from €240,188 to €208,796
- Cash +€29,796
up €29,796 (+623%), from €4,786 to €34,582
mainly Net result for the year (+€36,851) and Depreciation (+€34,314)
- Deferred charges and accrued income -€24,527
down €24,527 (-23.5%), from €104,255 to €79,728
- Receivables within one year +€20,614
up €20,614 (+75.6%), from €27,253 to €47,867
of which Trade receivables: +€22,723
- Debts after one year -€35,622
down €35,622 (-20.9%), from €170,346 to €134,723
- Reserves +€25,189
up €25,189 (+18.2%), from €138,727 to €163,916
- Other debts +€11,558
new in 2025: €11,558
- Trade debts -€9,458
down €9,458 (-83.7%), from €11,297 to €1,839
- Tax, wage and social debts +€7,363
up €7,363 (+351%), from €2,098 to €9,461
- Gross operating margin +€11,762
up €11,762 (+13.6%), from €86,396 to €98,159
- Taxes +€5,399
up €5,399 (+34.7%), from €15,580 to €20,979
- Depreciation +€1,483
up €1,483 (+4.5%), from €32,830 to €34,314
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 | €385,131 | €379,613 | -€5,518 | -1.4% |
| Fixed assets | 21/28 | €240,188 | €208,796 | -€31,392 | -13.1% |
| Tangible fixed assets | 22/27 | €240,188 | €208,796 | -€31,392 | -13.1% |
| Land and buildings | 22 | €185,569 | €171,967 | -€13,602 | -7.3% |
| Plant, machinery and equipment | 23 | €8,132 | €5,849 | -€2,283 | -28.1% |
| Furniture and vehicles | 24 | €46,487 | €30,980 | -€15,507 | -33.4% |
| Current assets | 29/58 | €144,944 | €170,817 | +€25,874 | +17.9% |
| Stocks and contracts in progress | 3 | €8,650 | €8,640 | -€10 | -0.1% |
| Stocks | 30/36 | €8,650 | €8,640 | -€10 | -0.1% |
| Amounts receivable within one year | 40/41 | €27,253 | €47,867 | +€20,614 | +75.6% |
| Trade receivables | 40 | €15,701 | €38,425 | +€22,723 | +145% |
| Other amounts receivable | 41 | €11,551 | €9,442 | -€2,109 | -18.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,786 | €34,582 | +€29,796 | +623% |
| Deferred charges and accrued income | 490/1 | €104,255 | €79,728 | -€24,527 | -23.5% |
| Total equity and liabilities | 10/49 | €385,131 | €379,613 | -€5,518 | -1.4% |
| Equity | 10/15 | €161,220 | €186,409 | +€25,189 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,727 | €163,916 | +€25,189 | +18.2% |
| Distributable reserves | 133 | €138,727 | €163,916 | +€25,189 | +18.2% |
| Profit (loss) carried forward | 14 | €3,893 | €3,893 | = | 0.0% |
| Amounts payable | 17/49 | €223,912 | €193,204 | -€30,708 | -13.7% |
| Amounts payable after more than one year | 17 | €170,346 | €134,723 | -€35,622 | -20.9% |
| Financial debts | 170/4 | €170,346 | €134,723 | -€35,622 | -20.9% |
| Amounts payable within one year | 42/48 | €53,566 | €58,480 | +€4,914 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €40,171 | €35,622 | -€4,549 | -11.3% |
| Trade debts | 44 | €11,297 | €1,839 | -€9,458 | -83.7% |
| Suppliers | 440/4 | €11,297 | €1,839 | -€9,458 | -83.7% |
| Taxes, remuneration and social security | 45 | €2,098 | €9,461 | +€7,363 | +351% |
| Taxes | 450/3 | €2,098 | €9,461 | +€7,363 | +351% |
| Other amounts payable | 47/48 | - | €11,558 | +€11,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,830 | €34,314 | +€1,483 | +4.5% |
| Other operating charges | 640/8 | €1,384 | €1,320 | -€64 | -4.6% |
| Gross operating margin | 9900 | €86,396 | €98,159 | +€11,762 | +13.6% |
| Operating profit (loss) | 9901 | €52,181 | €62,525 | +€10,343 | +19.8% |
| Financial income | 75/76B | €443 | €614 | +€171 | +38.7% |
| Recurring financial income | 75 | €443 | €614 | +€171 | +38.7% |
| Financial charges | 65/66B | €5,028 | €5,309 | +€281 | +5.6% |
| Recurring financial charges | 65 | €5,028 | €5,309 | +€281 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €47,596 | €57,829 | +€10,234 | +21.5% |
| Income taxes | 67/77 | €15,580 | €20,979 | +€5,399 | +34.7% |
| Profit (loss) for the period | 9904 | €32,016 | €36,851 | +€4,835 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,016 | €36,851 | +€4,835 | +15.1% |
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 20 October 2026 via checked.be.