S.L.C.: 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.C.
Largest movements
- Cash +€125,625
up €125,625 (+52.7%), from €238,350 to €363,975
mainly Net result for the year (+€109,176) and Receivables within one year (+€85,036)
- Receivables within one year -€85,036
down €85,036 (-74.8%), from €113,661 to €28,626
of which Other amounts receivable: -€77,471
- Current investments -€34,347
down €34,347 (-50.4%), from €68,100 to €33,753
- Tangible fixed assets +€5,748
up €5,748 (+118%), from €4,850 to €10,598
of which Furniture and vehicles: +€5,942
- Profit (loss) carried forward -€180,947
down €180,947 (-100%), from €180,947 to €0
- Reserves +€107,316
up €107,316 (+109%), from €98,216 to €205,532
of which Distributable reserves: +€107,316
- Other debts +€54,100
up €54,100 (+54.1%), from €100,000 to €154,100
- Tax, wage and social debts +€18,553
up €18,553 (+183%), from €10,129 to €28,683
of which Remuneration and social security: +€27,421
- Current portion of long-term debt +€14,753
new in 2025: €14,753
- Gross operating margin +€13,694
up €13,694 (+9.9%), from €138,699 to €152,393
- Financial income -€6,933
down €6,933 (-100%), from €6,933 to €0
- Other operating charges -€3,162
down €3,162 (-83.2%), from €3,802 to €640
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 | €424,962 | €436,951 | +€11,990 | +2.8% |
| Fixed assets | 21/28 | €4,850 | €10,598 | +€5,748 | +118% |
| Tangible fixed assets | 22/27 | €4,850 | €10,598 | +€5,748 | +118% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,300 | €7,243 | +€5,942 | +457% |
| Other tangible fixed assets | 26 | €3,550 | €3,355 | -€195 | -5.5% |
| Current assets | 29/58 | €420,111 | €426,353 | +€6,242 | +1.5% |
| Amounts receivable within one year | 40/41 | €113,661 | €28,626 | -€85,036 | -74.8% |
| Trade receivables | 40 | €10,463 | €2,898 | -€7,565 | -72.3% |
| Other amounts receivable | 41 | €103,199 | €25,728 | -€77,471 | -75.1% |
| Current investments | 50/53 | €68,100 | €33,753 | -€34,347 | -50.4% |
| Cash at bank and in hand | 54/58 | €238,350 | €363,975 | +€125,625 | +52.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €424,962 | €436,951 | +€11,990 | +2.8% |
| Equity | 10/15 | €297,764 | €224,132 | -€73,631 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,216 | €205,532 | +€107,316 | +109% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,216 | €205,532 | +€107,316 | +109% |
| Profit (loss) carried forward | 14 | €180,947 | €0 | -€180,947 | -100% |
| Amounts payable | 17/49 | €127,198 | €212,819 | +€85,621 | +67.3% |
| Amounts payable within one year | 42/48 | €127,198 | €212,819 | +€85,621 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,753 | +€14,753 | |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €2,069 | €283 | -€1,786 | -86.3% |
| Suppliers | 440/4 | €2,069 | €283 | -€1,786 | -86.3% |
| Taxes, remuneration and social security | 45 | €10,129 | €28,683 | +€18,553 | +183% |
| Taxes | 450/3 | €10,129 | €1,261 | -€8,868 | -87.5% |
| Remuneration and social security | 454/9 | €0 | €27,421 | +€27,421 | |
| Other amounts payable | 47/48 | €100,000 | €154,100 | +€54,100 | +54.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €19,006 | €0 | -€19,006 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,883 | €2,667 | -€1,217 | -31.3% |
| Other operating charges | 640/8 | €3,802 | €640 | -€3,162 | -83.2% |
| Gross operating margin | 9900 | €138,699 | €152,393 | +€13,694 | +9.9% |
| Operating profit (loss) | 9901 | €131,014 | €149,087 | +€18,073 | +13.8% |
| Financial income | 75/76B | €6,933 | €0 | -€6,933 | -100% |
| Recurring financial income | 75 | €6,933 | €0 | -€6,933 | -100% |
| Financial charges | 65/66B | €2,738 | €2,382 | -€356 | -13.0% |
| Recurring financial charges | 65 | €2,738 | €2,382 | -€356 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €135,209 | €146,705 | +€11,496 | +8.5% |
| Income taxes | 67/77 | €38,853 | €37,529 | -€1,323 | -3.4% |
| Profit (loss) for the period | 9904 | €96,356 | €109,176 | +€12,820 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,356 | €109,176 | +€12,820 | +13.3% |
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 14 October 2026 via checked.be.