DE SLEUTELBOS: 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.
DE SLEUTELBOS
Largest movements
- Cash -€23,449
down €23,449 (-86.6%), from €27,076 to €3,627
mainly Net result for the year (-€20,778) and Tax, wage and social debts (-€11,448)
- Receivables within one year -€7,823
down €7,823 (-15.2%), from €51,605 to €43,783
of which Trade receivables: -€19,125
- Tangible fixed assets -€7,258
down €7,258 (-16.6%), from €43,594 to €36,336
of which Other tangible fixed assets: -€5,433
- Profit (loss) carried forward -€20,778
down €20,778 (-585%), from -€3,552 to -€24,330
- Tax, wage and social debts -€11,448
down €11,448 (-98.8%), from €11,589 to €141
of which Remuneration and social security: -€7,871
- Debts after one year -€5,430
down €5,430 (-12.1%), from €45,030 to €39,601
- Gross operating margin -€92,610
down €92,610, from €91,739 to -€871
- Staff costs -€46,921
down €46,921 (-81.8%), from €57,344 to €10,424
- Financial charges -€4,642
down €4,642 (-60.5%), from €7,671 to €3,029
- Taxes -€1,112
down €1,112 (-88.8%), from €1,253 to €141
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 | €139,748 | €101,420 | -€38,328 | -27.4% |
| Fixed assets | 21/28 | €47,144 | €39,886 | -€7,258 | -15.4% |
| Tangible fixed assets | 22/27 | €43,594 | €36,336 | -€7,258 | -16.6% |
| Plant, machinery and equipment | 23 | €5,147 | €3,997 | -€1,149 | -22.3% |
| Furniture and vehicles | 24 | €1,218 | €542 | -€677 | -55.5% |
| Other tangible fixed assets | 26 | €37,229 | €31,797 | -€5,433 | -14.6% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €92,604 | €61,535 | -€31,069 | -33.6% |
| Stocks and contracts in progress | 3 | €3,725 | €3,725 | = | 0.0% |
| Stocks | 30/36 | €3,725 | €3,725 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,605 | €43,783 | -€7,823 | -15.2% |
| Trade receivables | 40 | €25,503 | €6,378 | -€19,125 | -75.0% |
| Other amounts receivable | 41 | €26,103 | €37,404 | +€11,302 | +43.3% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,076 | €3,627 | -€23,449 | -86.6% |
| Deferred charges and accrued income | 490/1 | €198 | €400 | +€202 | +102% |
| Total equity and liabilities | 10/49 | €139,748 | €101,420 | -€38,328 | -27.4% |
| Equity | 10/15 | €76,948 | €56,171 | -€20,778 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,900 | €61,900 | = | 0.0% |
| Distributable reserves | 133 | €61,900 | €61,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,552 | -€24,330 | -€20,778 | -585% |
| Amounts payable | 17/49 | €62,800 | €45,250 | -€17,550 | -27.9% |
| Amounts payable after more than one year | 17 | €45,030 | €39,601 | -€5,430 | -12.1% |
| Financial debts | 170/4 | €45,030 | €39,601 | -€5,430 | -12.1% |
| Amounts payable within one year | 42/48 | €17,769 | €5,649 | -€12,120 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €5,242 | €5,430 | +€188 | +3.6% |
| Trade debts | 44 | €939 | €79 | -€860 | -91.6% |
| Suppliers | 440/4 | €939 | €79 | -€860 | -91.6% |
| Taxes, remuneration and social security | 45 | €11,589 | €141 | -€11,448 | -98.8% |
| Taxes | 450/3 | €3,719 | €141 | -€3,578 | -96.2% |
| Remuneration and social security | 454/9 | €7,871 | - | -€7,871 | |
| Remuneration, social security and pensions | 62 | €57,344 | €10,424 | -€46,921 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,416 | €7,258 | -€157 | -2.1% |
| Other operating charges | 640/8 | €1,051 | €910 | -€141 | -13.4% |
| Non-recurring operating charges | 66A | €3,399 | - | -€3,399 | |
| Gross operating margin | 9900 | €91,739 | -€871 | -€92,610 | |
| Operating profit (loss) | 9901 | €22,528 | -€19,464 | -€41,992 | |
| Financial income | 75/76B | €1,569 | €1,857 | +€287 | +18.3% |
| Recurring financial income | 75 | €1,569 | €1,857 | +€287 | +18.3% |
| Financial charges | 65/66B | €7,671 | €3,029 | -€4,642 | -60.5% |
| Recurring financial charges | 65 | €7,671 | €3,029 | -€4,642 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €16,427 | -€20,637 | -€37,063 | |
| Income taxes | 67/77 | €1,253 | €141 | -€1,112 | -88.8% |
| Profit (loss) for the period | 9904 | €15,174 | -€20,778 | -€35,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,174 | -€20,778 | -€35,952 |
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 21 October 2026 via checked.be.