De Sloovere: 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.
What changed
De Sloovere
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€837,457
2024 · €819,353+€18,104
Equity
€5.0m
2024 · €4.5m+€437,457
Cash
€1.1m
2024 · €468,574+€586,631
Balance sheet total
€8.3m
2024 · €9.8m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-28.2%), from €6.5m to €4.7m
of which Other amounts receivable: -€2.0m
- Cash +€586,631
up €586,631 (+125%), from €468,574 to €1.1m
mainly Receivables within one year (+€1.8m) and Net result for the year (+€837,457)
- Current investments -€315,000
down €315,000 (-41.2%), from €765,000 to €450,000
Equity and liabilities
- Other debts -€1.9m
down €1.9m (-82.8%), from €2.3m to €400,000
- Profit (loss) carried forward +€437,457
up €437,457 (+53.8%), from €812,977 to €1.3m
- Debts after one year -€166,584
down €166,584 (-7.0%), from €2.4m to €2.2m
- Trade debts +€126,524
up €126,524 (+38.0%), from €332,861 to €459,384
Income statement
- Gross operating margin +€258,125
up €258,125 (+11.0%), from €2.4m to €2.6m
- Staff costs +€220,213
up €220,213 (+20.1%), from €1.1m to €1.3m
- Other operating charges -€69,380
down €69,380 (-46.5%), from €149,239 to €79,859
- Taxes +€63,529
up €63,529 (+28.5%), from €222,894 to €286,423
- Write-downs +€43,804
new in 2025: €43,804
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.
Result 2024
€819,353
Gross operating margin
+€258,125
Staff costs
-€220,213
Depreciation
+€26,334
Write-downs
-€43,804
Other operating charges
+€69,380
Financial income
+€2,149
Financial charges
-€10,338
Taxes
-€63,529
Result 2025
€837,457
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
+€142,485
Financing
-€560,194
Cash 2024
€468,574
From operations (derived)
+€1.0m
Net result for the year
+€837,457
Depreciation
+€132,248
Receivables after one year
-€11,105
Stocks and contracts
+€40,116
Receivables within one year
+€1.8m
Deferred charges and accrued income
-€55,961
Trade debts
+€126,524
Tax, wage and social debts
+€10,913
Other debts
-€1.9m
Investment (derived)
+€142,485
Investment in fixed assets (net)
-€172,515
Current investments
+€315,000
Financing
-€560,194
Debts after one year
-€166,584
Current portion of long-term debt
+€6,390
Contributions, distributions and other
-€400,000
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,835,350 | €8,330,050 | -€1.5m | -15.3% |
| Fixed assets | 21/28 | €1,267,787 | €1,308,055 | +€40,268 | +3.2% |
| Tangible fixed assets | 22/27 | €1,267,787 | €1,308,055 | +€40,268 | +3.2% |
| Land and buildings | 22 | €524,596 | €524,596 | = | 0.0% |
| Plant, machinery and equipment | 23 | €294,796 | €400,386 | +€105,590 | +35.8% |
| Furniture and vehicles | 24 | €448,395 | €383,073 | -€65,322 | -14.6% |
| Current assets | 29/58 | €8,567,563 | €7,021,995 | -€1.5m | -18.0% |
| Amounts receivable after more than one year | 29 | €350,000 | €361,105 | +€11,105 | +3.2% |
| Other amounts receivable | 291 | €350,000 | €361,105 | +€11,105 | +3.2% |
| Stocks and contracts in progress | 3 | €410,425 | €370,309 | -€40,116 | -9.8% |
| Stocks | 30/36 | €410,425 | €370,309 | -€40,116 | -9.8% |
| Amounts receivable within one year | 40/41 | €6,537,275 | €4,693,126 | -€1.8m | -28.2% |
| Trade receivables | 40 | €1,589,140 | €1,742,988 | +€153,849 | +9.7% |
| Other amounts receivable | 41 | €4,948,136 | €2,950,138 | -€2.0m | -40.4% |
| Current investments | 50/53 | €765,000 | €450,000 | -€315,000 | -41.2% |
| Cash at bank and in hand | 54/58 | €468,574 | €1,055,205 | +€586,631 | +125% |
| Deferred charges and accrued income | 490/1 | €36,288 | €92,249 | +€55,961 | +154% |
| Total equity and liabilities | 10/49 | €9,835,350 | €8,330,050 | -€1.5m | -15.3% |
| Equity | 10/15 | €4,520,666 | €4,958,123 | +€437,457 | +9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,645,689 | €3,645,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,639,489 | €3,639,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €812,977 | €1,250,434 | +€437,457 | +53.8% |
| Amounts payable | 17/49 | €5,314,684 | €3,371,926 | -€1.9m | -36.6% |
| Amounts payable after more than one year | 17 | €2,395,451 | €2,228,867 | -€166,584 | -7.0% |
| Financial debts | 170/4 | €2,395,451 | €2,228,867 | -€166,584 | -7.0% |
| Amounts payable within one year | 42/48 | €2,895,383 | €1,119,210 | -€1.8m | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €160,194 | €166,584 | +€6,390 | +4.0% |
| Trade debts | 44 | €332,861 | €459,384 | +€126,524 | +38.0% |
| Suppliers | 440/4 | €332,861 | €459,384 | +€126,524 | +38.0% |
| Taxes, remuneration and social security | 45 | €82,329 | €93,242 | +€10,913 | +13.3% |
| Taxes | 450/3 | €2,073 | €20,648 | +€18,574 | +896% |
| Remuneration and social security | 454/9 | €80,255 | €72,594 | -€7,661 | -9.5% |
| Other amounts payable | 47/48 | €2,320,000 | €400,000 | -€1.9m | -82.8% |
| Accrued charges and deferred income | 492/3 | €23,849 | €23,849 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €1,096,643 | €1,316,856 | +€220,213 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,582 | €132,248 | -€26,334 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €43,804 | +€43,804 | |
| Other operating charges | 640/8 | €149,239 | €79,859 | -€69,380 | -46.5% |
| Gross operating margin | 9900 | €2,354,374 | €2,612,499 | +€258,125 | +11.0% |
| Operating profit (loss) | 9901 | €949,909 | €1,039,732 | +€89,822 | +9.5% |
| Financial income | 75/76B | €201,380 | €203,529 | +€2,149 | +1.1% |
| Recurring financial income | 75 | €201,380 | €203,529 | +€2,149 | +1.1% |
| Financial charges | 65/66B | €109,043 | €119,380 | +€10,338 | +9.5% |
| Recurring financial charges | 65 | €109,043 | €119,380 | +€10,338 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,042,247 | €1,123,880 | +€81,633 | +7.8% |
| Income taxes | 67/77 | €222,894 | €286,423 | +€63,529 | +28.5% |
| Profit (loss) for the period | 9904 | €819,353 | €837,457 | +€18,104 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €819,353 | €837,457 | +€18,104 | +2.2% |
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 14 October 2026 via checked.be.