S.L.A.: 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.
S.L.A.
Largest movements
- Cash -€92,365
down €92,365 (-39.7%), from €232,893 to €140,528
mainly Other debts (-€80,451) and Debts after one year (-€26,476)
- Other debts -€80,451
down €80,451 (-80.0%), from €100,583 to €20,132
- Debts after one year -€26,476
down €26,476 (-92.3%), from €28,695 to €2,218
- Trade debts +€19,914
up €19,914 (+17499.4%), from €114 to €20,028
- Financial income -€53,020
down €53,020 (-98.1%), from €54,069 to €1,049
of which Non-recurring financial income: -€53,821
- Taxes -€13,203
down €13,203 (-97.9%), from €13,481 to €278
- Gross operating margin +€11,004
up €11,004 (+120.3%), from €9,149 to €20,154
- Other operating charges -€1,411
down €1,411 (-21.1%), from €6,697 to €5,286
- Depreciation +€672
up €672 (+4.3%), from €15,709 to €16,381
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 | €415,708 | €326,776 | -€88,933 | -21.4% |
| Fixed assets | 21/28 | €182,815 | €185,952 | +€3,137 | +1.7% |
| Tangible fixed assets | 22/27 | €182,815 | €185,952 | +€3,137 | +1.7% |
| Land and buildings | 22 | €182,815 | €185,952 | +€3,137 | +1.7% |
| Current assets | 29/58 | €232,893 | €140,824 | -€92,069 | -39.5% |
| Cash at bank and in hand | 54/58 | €232,893 | €140,528 | -€92,365 | -39.7% |
| Deferred charges and accrued income | 490/1 | - | €295 | +€295 | |
| Total equity and liabilities | 10/49 | €415,708 | €326,776 | -€88,933 | -21.4% |
| Equity | 10/15 | €259,306 | €257,921 | -€1,385 | -0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €213,538 | €213,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,538 | €7,538 | = | 0.0% |
| Legal reserve | 130 | €7,538 | €7,538 | = | 0.0% |
| Distributable reserves | 133 | €206,000 | €206,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,732 | -€17,117 | -€1,385 | -8.8% |
| Amounts payable | 17/49 | €156,402 | €68,855 | -€87,548 | -56.0% |
| Amounts payable after more than one year | 17 | €28,695 | €2,218 | -€26,476 | -92.3% |
| Financial debts | 170/4 | €28,695 | €2,218 | -€26,476 | -92.3% |
| Amounts payable within one year | 42/48 | €126,908 | €66,637 | -€60,271 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €26,211 | €26,476 | +€266 | +1.0% |
| Trade debts | 44 | €114 | €20,028 | +€19,914 | +17499.4% |
| Suppliers | 440/4 | €114 | €20,028 | +€19,914 | +17499.4% |
| Other amounts payable | 47/48 | €100,583 | €20,132 | -€80,451 | -80.0% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,709 | €16,381 | +€672 | +4.3% |
| Other operating charges | 640/8 | €6,697 | €5,286 | -€1,411 | -21.1% |
| Gross operating margin | 9900 | €9,149 | €20,154 | +€11,004 | +120.3% |
| Operating profit (loss) | 9901 | -€13,256 | -€1,514 | +€11,742 | +88.6% |
| Financial income | 75/76B | €54,069 | €1,049 | -€53,020 | -98.1% |
| Recurring financial income | 75 | €248 | €1,049 | +€801 | +322.6% |
| Non-recurring financial income | 76B | €53,821 | - | -€53,821 | |
| Financial charges | 65/66B | €858 | €642 | -€216 | -25.1% |
| Recurring financial charges | 65 | €858 | €642 | -€216 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €39,955 | -€1,107 | -€41,062 | |
| Income taxes | 67/77 | €13,481 | €278 | -€13,203 | -97.9% |
| Profit (loss) for the period | 9904 | €26,474 | -€1,385 | -€27,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,474 | -€1,385 | -€27,859 |
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 12 October 2026 via checked.be.