DE SLAPPE: 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.
DE SLAPPE
Largest movements
- Tangible fixed assets +€181,653
up €181,653 (+12.7%), from €1.4m to €1.6m
of which Land and buildings: +€151,780
- Receivables within one year +€38,416
up €38,416 (+182933.3%), from €21 to €38,437
of which Other amounts receivable: +€37,237
- Cash -€23,002
down €23,002 (-38.9%), from €59,140 to €36,138
mainly Investment in fixed assets (net) (-€281,180) and Receivables within one year (-€38,416)
- Debts after one year +€112,677
up €112,677 (+9.8%), from €1.2m to €1.3m
of which Financial debts: +€105,789
- Reserves +€86,073
up €86,073 (+67.4%), from €127,667 to €213,740
- Tax, wage and social debts +€34,055
up €34,055 (+69.9%), from €48,686 to €82,741
of which Taxes: +€44,580
- Trade debts -€29,594
down €29,594 (-66.3%), from €44,644 to €15,050
- Gross operating margin +€95,593
up €95,593 (+19.6%), from €486,690 to €582,283
- Other operating charges -€57,209
down €57,209 (-86.5%), from €66,133 to €8,924
- Staff costs +€37,039
up €37,039 (+15.4%), from €240,512 to €277,551
- Depreciation +€27,849
up €27,849 (+38.9%), from €71,552 to €99,401
- Financial charges +€26,472
up €26,472 (+76.6%), from €34,576 to €61,048
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 | €1,486,717 | €1,683,910 | +€197,193 | +13.3% |
| Fixed assets | 21/28 | €1,427,556 | €1,609,335 | +€181,779 | +12.7% |
| Tangible fixed assets | 22/27 | €1,425,594 | €1,607,247 | +€181,653 | +12.7% |
| Land and buildings | 22 | €1,376,798 | €1,528,578 | +€151,780 | +11.0% |
| Plant, machinery and equipment | 23 | €47,679 | €73,324 | +€25,645 | +53.8% |
| Furniture and vehicles | 24 | €1,117 | €5,345 | +€4,228 | +378.5% |
| Financial fixed assets | 28 | €1,962 | €2,088 | +€126 | +6.4% |
| Current assets | 29/58 | €59,161 | €74,575 | +€15,414 | +26.1% |
| Amounts receivable within one year | 40/41 | €21 | €38,437 | +€38,416 | +182933.3% |
| Trade receivables | 40 | €21 | €1,200 | +€1,179 | +5614.3% |
| Other amounts receivable | 41 | - | €37,237 | +€37,237 | |
| Cash at bank and in hand | 54/58 | €59,140 | €36,138 | -€23,002 | -38.9% |
| Total equity and liabilities | 10/49 | €1,486,717 | €1,683,910 | +€197,193 | +13.3% |
| Equity | 10/15 | €146,259 | €232,332 | +€86,073 | +58.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €127,667 | €213,740 | +€86,073 | +67.4% |
| Distributable reserves | 133 | €127,667 | €213,740 | +€86,073 | +67.4% |
| Amounts payable | 17/49 | €1,340,458 | €1,451,578 | +€111,120 | +8.3% |
| Amounts payable after more than one year | 17 | €1,155,422 | €1,268,099 | +€112,677 | +9.8% |
| Financial debts | 170/4 | €1,122,379 | €1,228,168 | +€105,789 | +9.4% |
| Other amounts payable | 178/9 | €33,043 | €39,931 | +€6,888 | +20.8% |
| Amounts payable within one year | 42/48 | €182,036 | €181,479 | -€557 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €69,820 | €79,498 | +€9,678 | +13.9% |
| Trade debts | 44 | €44,644 | €15,050 | -€29,594 | -66.3% |
| Suppliers | 440/4 | €44,644 | €15,050 | -€29,594 | -66.3% |
| Taxes, remuneration and social security | 45 | €48,686 | €82,741 | +€34,055 | +69.9% |
| Taxes | 450/3 | €37,124 | €81,704 | +€44,580 | +120.1% |
| Remuneration and social security | 454/9 | €11,562 | €1,037 | -€10,525 | -91.0% |
| Other amounts payable | 47/48 | €18,886 | €4,190 | -€14,696 | -77.8% |
| Accrued charges and deferred income | 492/3 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Remuneration, social security and pensions | 62 | €240,512 | €277,551 | +€37,039 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,552 | €99,401 | +€27,849 | +38.9% |
| Other operating charges | 640/8 | €66,133 | €8,924 | -€57,209 | -86.5% |
| Gross operating margin | 9900 | €486,690 | €582,283 | +€95,593 | +19.6% |
| Operating profit (loss) | 9901 | €108,493 | €196,407 | +€87,914 | +81.0% |
| Financial income | 75/76B | €88 | €242 | +€154 | +175.0% |
| Recurring financial income | 75 | €88 | €242 | +€154 | +175.0% |
| Financial charges | 65/66B | €34,576 | €61,048 | +€26,472 | +76.6% |
| Recurring financial charges | 65 | €34,576 | €61,048 | +€26,472 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €74,005 | €135,601 | +€61,596 | +83.2% |
| Income taxes | 67/77 | €24,820 | €49,528 | +€24,708 | +99.5% |
| Profit (loss) for the period | 9904 | €49,185 | €86,073 | +€36,888 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,185 | €86,073 | +€36,888 | +75.0% |
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 29 September 2026 via checked.be.