S.L.: 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.
S.L.
Largest movements
- Tangible fixed assets -€11,121
down €11,121 (-31.9%), from €34,857 to €23,736
of which Furniture and vehicles: -€7,845
- Cash -€2,548
down €2,548 (-55.8%), from €4,563 to €2,016
mainly Other debts (-€10,818) and Debts after one year (-€3,340)
- Stocks and contracts +€1,930
up €1,930 (+31.6%), from €6,097 to €8,026
- Deferred charges and accrued income +€661
up €661 (+259.3%), from €255 to €916
- Other debts -€10,818
down €10,818 (-38.2%), from €28,351 to €17,534
- Debts after one year -€3,340
down €3,340 (-30.3%), from €11,028 to €7,688
- Profit (loss) carried forward +€2,176
up €2,176 (+4.4%), from -€49,462 to -€47,287
- Tax, wage and social debts +€707
up €707 (+57.1%), from €1,237 to €1,943
- Trade debts +€487
up €487 (+78.4%), from €622 to €1,109
- Staff costs +€2,157
new in 2025: €2,157
- Gross operating margin +€2,050
up €2,050 (+10.7%), from €19,099 to €21,149
- Depreciation -€1,200
down €1,200 (-9.7%), from €12,321 to €11,121
- Taxes +€521
up €521 (+20.7%), from €2,518 to €3,040
- Other operating charges +€284
up €284 (+44.2%), from €641 to €925
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 | €45,946 | €35,160 | -€10,786 | -23.5% |
| Fixed assets | 21/28 | €34,857 | €24,034 | -€10,822 | -31.0% |
| Tangible fixed assets | 22/27 | €34,857 | €23,736 | -€11,121 | -31.9% |
| Plant, machinery and equipment | 23 | €12,311 | €9,036 | -€3,275 | -26.6% |
| Furniture and vehicles | 24 | €22,545 | €14,700 | -€7,845 | -34.8% |
| Financial fixed assets | 28 | - | €298 | +€298 | |
| Current assets | 29/58 | €11,089 | €11,126 | +€37 | +0.3% |
| Stocks and contracts in progress | 3 | €6,097 | €8,026 | +€1,930 | +31.6% |
| Stocks | 30/36 | €6,097 | €8,026 | +€1,930 | +31.6% |
| Amounts receivable within one year | 40/41 | €174 | €167 | -€7 | -3.9% |
| Other amounts receivable | 41 | €174 | €167 | -€7 | -3.9% |
| Cash at bank and in hand | 54/58 | €4,563 | €2,016 | -€2,548 | -55.8% |
| Deferred charges and accrued income | 490/1 | €255 | €916 | +€661 | +259.3% |
| Total equity and liabilities | 10/49 | €45,946 | €35,160 | -€10,786 | -23.5% |
| Equity | 10/15 | -€706 | €1,469 | +€2,176 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €156 | €156 | = | 0.0% |
| Distributable reserves | 133 | €156 | €156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,462 | -€47,287 | +€2,176 | +4.4% |
| Amounts payable | 17/49 | €46,652 | €33,691 | -€12,961 | -27.8% |
| Amounts payable after more than one year | 17 | €11,028 | €7,688 | -€3,340 | -30.3% |
| Financial debts | 170/4 | €11,028 | €7,688 | -€3,340 | -30.3% |
| Amounts payable within one year | 42/48 | €35,624 | €26,002 | -€9,621 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €5,414 | €5,416 | +€3 | 0.0% |
| Trade debts | 44 | €622 | €1,109 | +€487 | +78.4% |
| Suppliers | 440/4 | €622 | €1,109 | +€487 | +78.4% |
| Taxes, remuneration and social security | 45 | €1,237 | €1,943 | +€707 | +57.1% |
| Taxes | 450/3 | €1,237 | €1,943 | +€707 | +57.1% |
| Other amounts payable | 47/48 | €28,351 | €17,534 | -€10,818 | -38.2% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | - | €2,157 | +€2,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,321 | €11,121 | -€1,200 | -9.7% |
| Other operating charges | 640/8 | €641 | €925 | +€284 | +44.2% |
| Gross operating margin | 9900 | €19,099 | €21,149 | +€2,050 | +10.7% |
| Operating profit (loss) | 9901 | €6,136 | €6,946 | +€810 | +13.2% |
| Financial income | 75/76B | €12 | €2 | -€11 | -87.7% |
| Recurring financial income | 75 | €12 | €2 | -€11 | -87.7% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €1,902 | €1,733 | -€169 | -8.9% |
| Recurring financial charges | 65 | €1,902 | €1,733 | -€169 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €4,247 | €5,215 | +€969 | +22.8% |
| Income taxes | 67/77 | €2,518 | €3,040 | +€521 | +20.7% |
| Profit (loss) for the period | 9904 | €1,728 | €2,176 | +€447 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,728 | €2,176 | +€447 | +25.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.