S.L.M.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.M.C.
Largest movements
- Deferred charges and accrued income +€47,869
up €47,869 (+394%), from €12,160 to €60,028
- Receivables within one year -€21,275
down €21,275 (-100%), from €21,275 to €0
- Cash +€7,073
up €7,073 (+780%), from €907 to €7,980
mainly Net result for the year (+€34,286) and Receivables within one year (+€21,275)
- Reserves +€34,286
up €34,286 (+24.2%), from €141,659 to €175,944
of which Distributable reserves: +€34,286
- Gross operating margin +€40,921
up €40,921 (+2,039%), from €2,007 to €42,928
- Other operating charges +€7,382
up €7,382 (+1,089%), from €678 to €8,060
- Financial charges -€467
down €467 (-42.0%), from €1,111 to €645
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 | €176,554 | €210,221 | +€33,667 | +19.1% |
| Fixed assets | 21/28 | €142,213 | €142,213 | = | 0.0% |
| Tangible fixed assets | 22/27 | €142,213 | €142,213 | = | 0.0% |
| Land and buildings | 22 | €142,213 | €142,213 | = | 0.0% |
| Current assets | 29/58 | €34,341 | €68,008 | +€33,667 | +98.0% |
| Amounts receivable within one year | 40/41 | €21,275 | €0 | -€21,275 | -100% |
| Other amounts receivable | 41 | €21,275 | €0 | -€21,275 | -100% |
| Cash at bank and in hand | 54/58 | €907 | €7,980 | +€7,073 | +780% |
| Deferred charges and accrued income | 490/1 | €12,160 | €60,028 | +€47,869 | +394% |
| Total equity and liabilities | 10/49 | €176,554 | €210,221 | +€33,667 | +19.1% |
| Equity | 10/15 | €150,817 | €185,103 | +€34,286 | +22.7% |
| Contributions | 10/11 | €9,158 | €9,158 | = | 0.0% |
| Reserves | 13 | €141,659 | €175,944 | +€34,286 | +24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,133 | €8,133 | = | 0.0% |
| Distributable reserves | 133 | €131,665 | €165,951 | +€34,286 | +26.0% |
| Amounts payable | 17/49 | €25,737 | €25,118 | -€619 | -2.4% |
| Amounts payable within one year | 42/48 | €24,923 | €24,632 | -€291 | -1.2% |
| Trade debts | 44 | €9,201 | €8,040 | -€1,161 | -12.6% |
| Suppliers | 440/4 | €9,201 | €8,040 | -€1,161 | -12.6% |
| Other amounts payable | 47/48 | €15,722 | €16,592 | +€871 | +5.5% |
| Accrued charges and deferred income | 492/3 | €814 | €486 | -€328 | -40.3% |
| Other operating charges | 640/8 | €678 | €8,060 | +€7,382 | +1,089% |
| Gross operating margin | 9900 | €2,007 | €42,928 | +€40,921 | +2,039% |
| Operating profit (loss) | 9901 | €1,329 | €34,868 | +€33,539 | +2,524% |
| Financial income | 75/76B | €212 | €62 | -€150 | -70.8% |
| Recurring financial income | 75 | €212 | €62 | -€150 | -70.8% |
| Financial charges | 65/66B | €1,111 | €645 | -€467 | -42.0% |
| Recurring financial charges | 65 | €1,111 | €645 | -€467 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €430 | €34,286 | +€33,856 | +7,874% |
| Profit (loss) for the period | 9904 | €430 | €34,286 | +€33,856 | +7,874% |
| Profit (loss) for the period to be appropriated | 9905 | €430 | €34,286 | +€33,856 | +7,874% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.