Dylan Slabbinck: 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.
Dylan Slabbinck
Largest movements
- Tangible fixed assets +€44,777
up €44,777 (+125%), from €35,739 to €80,517
- Cash +€2,523
up €2,523 (+3.6%), from €69,157 to €71,680
mainly Debts after one year (+€48,702) and Net result for the year (+€32,679)
- Receivables within one year -€2,377
down €2,377 (-37.3%), from €6,381 to €4,004
of which Other amounts receivable: -€2,138
- Debts after one year +€48,702
up €48,702 (+506%), from €9,623 to €58,324
- Current portion of long-term debt +€3,170
up €3,170 (+30.5%), from €10,398 to €13,568
- Reserves -€2,615
down €2,615 (-3.0%), from €88,003 to €85,388
- Other operating charges +€12,392
up €12,392 (+1,647%), from €752 to €13,144
- Depreciation -€9,260
down €9,260 (-72.6%), from €12,763 to €3,503
- Gross operating margin -€8,102
down €8,102 (-11.2%), from €72,121 to €64,019
- Taxes +€765
up €765 (+6.1%), from €12,616 to €13,380
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 | €121,567 | €167,153 | +€45,587 | +37.5% |
| Fixed assets | 21/28 | €35,739 | €80,517 | +€44,777 | +125% |
| Tangible fixed assets | 22/27 | €35,739 | €80,517 | +€44,777 | +125% |
| Furniture and vehicles | 24 | €35,739 | €80,517 | +€44,777 | +125% |
| Current assets | 29/58 | €85,827 | €86,637 | +€809 | +0.9% |
| Stocks and contracts in progress | 3 | €10,189 | €9,632 | -€557 | -5.5% |
| Contracts in progress | 37 | €10,189 | €9,632 | -€557 | -5.5% |
| Amounts receivable within one year | 40/41 | €6,381 | €4,004 | -€2,377 | -37.3% |
| Trade receivables | 40 | €239 | - | -€239 | |
| Other amounts receivable | 41 | €6,142 | €4,004 | -€2,138 | -34.8% |
| Cash at bank and in hand | 54/58 | €69,157 | €71,680 | +€2,523 | +3.6% |
| Deferred charges and accrued income | 490/1 | €100 | €1,321 | +€1,220 | +1,214% |
| Total equity and liabilities | 10/49 | €121,567 | €167,153 | +€45,587 | +37.5% |
| Equity | 10/15 | €93,003 | €90,388 | -€2,615 | -2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,003 | €85,388 | -€2,615 | -3.0% |
| Distributable reserves | 133 | €88,003 | €85,388 | -€2,615 | -3.0% |
| Amounts payable | 17/49 | €28,564 | €76,766 | +€48,202 | +169% |
| Amounts payable after more than one year | 17 | €9,623 | €58,324 | +€48,702 | +506% |
| Financial debts | 170/4 | €9,623 | €58,324 | +€48,702 | +506% |
| Amounts payable within one year | 42/48 | €18,941 | €18,441 | -€500 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €10,398 | €13,568 | +€3,170 | +30.5% |
| Trade debts | 44 | €1,549 | €128 | -€1,421 | -91.7% |
| Suppliers | 440/4 | €1,549 | €128 | -€1,421 | -91.7% |
| Taxes, remuneration and social security | 45 | €4,800 | €3,172 | -€1,628 | -33.9% |
| Taxes | 450/3 | €4,800 | €3,172 | -€1,628 | -33.9% |
| Other amounts payable | 47/48 | €2,194 | €1,573 | -€621 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,763 | €3,503 | -€9,260 | -72.6% |
| Other operating charges | 640/8 | €752 | €13,144 | +€12,392 | +1,647% |
| Gross operating margin | 9900 | €72,121 | €64,019 | -€8,102 | -11.2% |
| Operating profit (loss) | 9901 | €58,606 | €47,372 | -€11,234 | -19.2% |
| Financial charges | 65/66B | €1,742 | €1,312 | -€430 | -24.7% |
| Recurring financial charges | 65 | €1,742 | €1,312 | -€430 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €56,863 | €46,059 | -€10,804 | -19.0% |
| Income taxes | 67/77 | €12,616 | €13,380 | +€765 | +6.1% |
| Profit (loss) for the period | 9904 | €44,248 | €32,679 | -€11,568 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,248 | €32,679 | -€11,568 | -26.1% |
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 13 October 2026 via checked.be.