Projecten Slembrouck: 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.
Projecten Slembrouck
Largest movements
- Stocks and contracts +€470,508
up €470,508 (+529%), from €88,918 to €559,426
of which Stocks: +€512,922
- Receivables within one year -€118,285
down €118,285 (-49.2%), from €240,581 to €122,296
of which Trade receivables: -€112,768
- Tangible fixed assets -€7,928
down €7,928 (-19.9%), from €39,795 to €31,867
of which Furniture and vehicles: -€8,348
- Short-term financial debts +€321,260
up €321,260 (+662%), from €48,556 to €369,815
- Trade debts -€84,871
down €84,871 (-57.0%), from €148,863 to €63,992
- Debts after one year +€46,943
up €46,943 (+51.6%), from €90,939 to €137,882
- Reserves +€24,304
up €24,304 (+52.9%), from €45,984 to €70,288
- Other debts +€21,152
up €21,152 (+554%), from €3,820 to €24,971
- Gross operating margin +€21,140
up €21,140 (+41.8%), from €50,606 to €71,746
- Depreciation +€4,810
up €4,810 (+87.3%), from €5,507 to €10,317
- Financial charges +€3,763
up €3,763 (+34.3%), from €10,980 to €14,744
- Other operating charges +€2,849
up €2,849 (+164%), from €1,739 to €4,589
- Taxes +€2,051
up €2,051 (+28.0%), from €7,324 to €9,375
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 | €369,417 | €715,439 | +€346,021 | +93.7% |
| Fixed assets | 21/28 | €39,904 | €31,961 | -€7,943 | -19.9% |
| Intangible fixed assets | 21 | €109 | €94 | -€15 | -13.7% |
| Tangible fixed assets | 22/27 | €39,795 | €31,867 | -€7,928 | -19.9% |
| Plant, machinery and equipment | 23 | €5,647 | €6,067 | +€420 | +7.4% |
| Furniture and vehicles | 24 | €34,148 | €25,800 | -€8,348 | -24.4% |
| Current assets | 29/58 | €329,514 | €683,477 | +€353,964 | +107% |
| Stocks and contracts in progress | 3 | €88,918 | €559,426 | +€470,508 | +529% |
| Stocks | 30/36 | €6,255 | €519,176 | +€512,922 | +8,200% |
| Contracts in progress | 37 | €82,664 | €40,250 | -€42,414 | -51.3% |
| Amounts receivable within one year | 40/41 | €240,581 | €122,296 | -€118,285 | -49.2% |
| Trade receivables | 40 | €195,103 | €82,335 | -€112,768 | -57.8% |
| Other amounts receivable | 41 | €45,478 | €39,962 | -€5,516 | -12.1% |
| Cash at bank and in hand | 54/58 | €13 | €717 | +€705 | +5,594% |
| Deferred charges and accrued income | 490/1 | €2 | €1,037 | +€1,036 | +58,840% |
| Total equity and liabilities | 10/49 | €369,417 | €715,439 | +€346,021 | +93.7% |
| Equity | 10/15 | €47,984 | €72,288 | +€24,304 | +50.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,984 | €70,288 | +€24,304 | +52.9% |
| Distributable reserves | 133 | €45,984 | €70,288 | +€24,304 | +52.9% |
| Amounts payable | 17/49 | €321,433 | €643,150 | +€321,717 | +100% |
| Amounts payable after more than one year | 17 | €90,939 | €137,882 | +€46,943 | +51.6% |
| Financial debts | 170/4 | €90,939 | €137,882 | +€46,943 | +51.6% |
| Amounts payable within one year | 42/48 | €230,494 | €505,268 | +€274,774 | +119% |
| Current portion of amounts payable after more than one year | 42 | €13,511 | €13,057 | -€454 | -3.4% |
| Financial debts | 43 | €48,556 | €369,815 | +€321,260 | +662% |
| Credit institutions | 430/8 | €48,556 | €369,815 | +€321,260 | +662% |
| Trade debts | 44 | €148,863 | €63,992 | -€84,871 | -57.0% |
| Suppliers | 440/4 | €148,863 | €63,992 | -€84,871 | -57.0% |
| Taxes, remuneration and social security | 45 | €15,746 | €33,433 | +€17,687 | +112% |
| Taxes | 450/3 | €15,746 | €33,433 | +€17,687 | +112% |
| Other amounts payable | 47/48 | €3,820 | €24,971 | +€21,152 | +554% |
| Non-recurring operating income | 76A | €2,791 | - | -€2,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,507 | €10,317 | +€4,810 | +87.3% |
| Other operating charges | 640/8 | €1,739 | €4,589 | +€2,849 | +164% |
| Gross operating margin | 9900 | €50,606 | €71,746 | +€21,140 | +41.8% |
| Operating profit (loss) | 9901 | €43,360 | €56,840 | +€13,480 | +31.1% |
| Financial income | 75/76B | €1,061 | €1,582 | +€521 | +49.1% |
| Recurring financial income | 75 | €1,061 | €1,582 | +€521 | +49.1% |
| Financial charges | 65/66B | €10,980 | €14,744 | +€3,763 | +34.3% |
| Recurring financial charges | 65 | €10,980 | €14,744 | +€3,763 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €33,441 | €43,679 | +€10,238 | +30.6% |
| Income taxes | 67/77 | €7,324 | €9,375 | +€2,051 | +28.0% |
| Profit (loss) for the period | 9904 | €26,117 | €34,304 | +€8,187 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,117 | €34,304 | +€8,187 | +31.3% |
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 23 October 2026 via checked.be.