S.L. HOLDING: what changed
What changed
S.L. HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€8,636
2024 · €11,252-€2,616
Equity
€443,916
2024 · €435,280+€8,636
Cash
€7,996
2024 · €7,487+€508
Balance sheet total
€1.3m
2024 · €1.4m-€17,205
Largest movements
Assets
- Tangible fixed assets -€29,059
down €29,059 (-50.1%), from €58,038 to €28,979
Equity and liabilities
- Debts after one year -€48,252
down €48,252 (-21.4%), from €225,533 to €177,281
- Other debts +€39,786
up €39,786 (+6.5%), from €614,435 to €654,221
- Current portion of long-term debt -€22,920
down €22,920 (-32.2%), from €71,172 to €48,252
Income statement
- Gross operating margin -€5,463
down €5,463 (-9.7%), from €56,563 to €51,100
- Other operating charges -€2,353
down €2,353 (-73.9%), from €3,182 to €829
- Taxes +€2,207
up €2,207 (+196%), from €1,125 to €3,332
- Financial charges -€1,594
down €1,594 (-14.7%), from €10,840 to €9,246
- Depreciation -€1,105
down €1,105 (-3.7%), from €30,164 to €29,059
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,252
Gross operating margin
-€5,463
Depreciation
+€1,105
Other operating charges
+€2,353
Financial income
+€3
Financial charges
+€1,594
Taxes
-€2,207
Result 2025
€8,636
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€71,681
Investment
€0
Financing
-€71,172
Cash 2024
€7,487
From operations (derived)
+€71,681
Net result for the year
+€8,636
Depreciation
+€29,059
Receivables within one year
-€11,323
Deferred charges and accrued income
-€22
Trade debts
-€708
Tax, wage and social debts
+€6,025
Other debts
+€39,786
Accrued charges and deferred income
+€228
Financing
-€71,172
Debts after one year
-€48,252
Current portion of long-term debt
-€22,920
Cash 2025
€7,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,366,522 | €1,349,317 | -€17,205 | -1.3% |
| Fixed assets | 21/28 | €1,280,638 | €1,251,579 | -€29,059 | -2.3% |
| Tangible fixed assets | 22/27 | €58,038 | €28,979 | -€29,059 | -50.1% |
| Furniture and vehicles | 24 | €58,038 | €28,979 | -€29,059 | -50.1% |
| Financial fixed assets | 28 | €1,222,600 | €1,222,600 | = | 0.0% |
| Current assets | 29/58 | €85,884 | €97,737 | +€11,854 | +13.8% |
| Amounts receivable within one year | 40/41 | €77,900 | €89,223 | +€11,323 | +14.5% |
| Other amounts receivable | 41 | €77,900 | €89,223 | +€11,323 | +14.5% |
| Cash at bank and in hand | 54/58 | €7,487 | €7,996 | +€508 | +6.8% |
| Deferred charges and accrued income | 490/1 | €496 | €518 | +€22 | +4.4% |
| Total equity and liabilities | 10/49 | €1,366,522 | €1,349,317 | -€17,205 | -1.3% |
| Equity | 10/15 | €435,280 | €443,916 | +€8,636 | +2.0% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €230,280 | €238,916 | +€8,636 | +3.8% |
| Distributable reserves | 133 | €230,280 | €238,916 | +€8,636 | +3.8% |
| Amounts payable | 17/49 | €931,242 | €905,400 | -€25,841 | -2.8% |
| Amounts payable after more than one year | 17 | €225,533 | €177,281 | -€48,252 | -21.4% |
| Financial debts | 170/4 | €225,533 | €177,281 | -€48,252 | -21.4% |
| Amounts payable within one year | 42/48 | €705,709 | €727,891 | +€22,182 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €71,172 | €48,252 | -€22,920 | -32.2% |
| Trade debts | 44 | €7,119 | €6,411 | -€708 | -9.9% |
| Suppliers | 440/4 | €7,119 | €6,411 | -€708 | -9.9% |
| Advances received on contracts in progress | 46 | €11,858 | €11,858 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,125 | €7,150 | +€6,025 | +535% |
| Taxes | 450/3 | €1,125 | €7,150 | +€6,025 | +535% |
| Other amounts payable | 47/48 | €614,435 | €654,221 | +€39,786 | +6.5% |
| Accrued charges and deferred income | 492/3 | - | €228 | +€228 | |
| Non-recurring operating income | 76A | €6,111 | - | -€6,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,164 | €29,059 | -€1,105 | -3.7% |
| Other operating charges | 640/8 | €3,182 | €829 | -€2,353 | -73.9% |
| Gross operating margin | 9900 | €56,563 | €51,100 | -€5,463 | -9.7% |
| Operating profit (loss) | 9901 | €23,217 | €21,212 | -€2,005 | -8.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +3,586% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3,586% |
| Financial charges | 65/66B | €10,840 | €9,246 | -€1,594 | -14.7% |
| Recurring financial charges | 65 | €10,840 | €9,246 | -€1,594 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €12,377 | €11,968 | -€409 | -3.3% |
| Income taxes | 67/77 | €1,125 | €3,332 | +€2,207 | +196% |
| Profit (loss) for the period | 9904 | €11,252 | €8,636 | -€2,616 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,252 | €8,636 | -€2,616 | -23.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.