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
- Financial fixed assets +€522,650
new in 2025: €522,650
- Tangible fixed assets -€103,056
down €103,056 (-24.3%), from €424,565 to €321,508
- Receivables within one year -€34,011
down €34,011 (-99.1%), from €34,329 to €319
of which Trade receivables: -€34,329
- Cash +€25,146
up €25,146 (+86.3%), from €29,132 to €54,278
mainly Other debts (+€341,400) and Net result for the year (+€89,365)
- Other debts +€341,400
up €341,400 (+58.9%), from €580,000 to €921,400
- Profit (loss) carried forward +€89,365
up €89,365 (+69.3%), from -€128,918 to -€39,552
- Trade debts -€23,782
down €23,782 (-67.5%), from €35,233 to €11,451
- Gross operating margin +€68,871
up €68,871 (+166.7%), from €41,314 to €110,185
- Depreciation -€17,043
down €17,043 (-46.1%), from €36,986 to €19,943
- Other operating charges -€2,870
down €2,870 (-76.7%), from €3,741 to €871
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 | €492,516 | €899,499 | +€406,984 | +82.6% |
| Fixed assets | 21/28 | €424,565 | €844,158 | +€419,594 | +98.8% |
| Tangible fixed assets | 22/27 | €424,565 | €321,508 | -€103,056 | -24.3% |
| Land and buildings | 22 | €424,565 | €321,508 | -€103,056 | -24.3% |
| Financial fixed assets | 28 | - | €522,650 | +€522,650 | |
| Current assets | 29/58 | €67,951 | €55,341 | -€12,610 | -18.6% |
| Amounts receivable within one year | 40/41 | €34,329 | €319 | -€34,011 | -99.1% |
| Trade receivables | 40 | €34,329 | €0 | -€34,329 | -100.0% |
| Other amounts receivable | 41 | - | €319 | +€319 | |
| Cash at bank and in hand | 54/58 | €29,132 | €54,278 | +€25,146 | +86.3% |
| Deferred charges and accrued income | 490/1 | €4,489 | €744 | -€3,745 | -83.4% |
| Total equity and liabilities | 10/49 | €492,516 | €899,499 | +€406,984 | +82.6% |
| Equity | 10/15 | -€122,718 | -€33,352 | +€89,365 | +72.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,918 | -€39,552 | +€89,365 | +69.3% |
| Amounts payable | 17/49 | €615,233 | €932,851 | +€317,618 | +51.6% |
| Amounts payable within one year | 42/48 | €615,233 | €932,851 | +€317,618 | +51.6% |
| Trade debts | 44 | €35,233 | €11,451 | -€23,782 | -67.5% |
| Suppliers | 440/4 | €35,233 | €11,451 | -€23,782 | -67.5% |
| Other amounts payable | 47/48 | €580,000 | €921,400 | +€341,400 | +58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,986 | €19,943 | -€17,043 | -46.1% |
| Other operating charges | 640/8 | €3,741 | €871 | -€2,870 | -76.7% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €41,314 | €110,185 | +€68,871 | +166.7% |
| Operating profit (loss) | 9901 | €587 | €89,371 | +€88,784 | +15130.4% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €513 | €89,365 | +€88,852 | +17310.3% |
| Profit (loss) for the period | 9904 | €513 | €89,365 | +€88,852 | +17310.3% |
| Profit (loss) for the period to be appropriated | 9905 | €513 | €89,365 | +€88,852 | +17310.3% |
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 9 October 2026 via checked.be.