S & L Management: 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 Management
Largest movements
- Cash -€35,698
down €35,698 (-28.2%), from €126,774 to €91,076
mainly Deferred charges and accrued income (-€30,997) and Receivables within one year (-€5,438)
- Deferred charges and accrued income +€30,997
new in 2024: €30,997
- Receivables within one year +€5,438
up €5,438 (+34.7%), from €15,685 to €21,123
of which Other amounts receivable: +€4,049
- Tangible fixed assets +€3,000
up €3,000 (+408%), from €735 to €3,735
- Tax, wage and social debts +€2,611
up €2,611 (+408%), from €640 to €3,251
- Reserves +€2,109
up €2,109 (+1.8%), from €115,702 to €117,810
of which Distributable reserves: +€2,109
- Gross operating margin +€23,785
up €23,785, from -€19,880 to €3,904
- Financial income -€7,937
no longer reported in 2024 (was €7,937)
- Other operating charges -€819
down €819 (-63.8%), from €1,284 to €466
- Depreciation -€210
no longer reported in 2024 (was €210)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,194 | €146,932 | +€3,737 | +2.6% |
| Fixed assets | 21/28 | €735 | €3,735 | +€3,000 | +408% |
| Tangible fixed assets | 22/27 | €735 | €3,735 | +€3,000 | +408% |
| Furniture and vehicles | 24 | €735 | €3,735 | +€3,000 | +408% |
| Current assets | 29/58 | €142,459 | €143,196 | +€737 | +0.5% |
| Amounts receivable within one year | 40/41 | €15,685 | €21,123 | +€5,438 | +34.7% |
| Trade receivables | 40 | - | €1,388 | +€1,388 | |
| Other amounts receivable | 41 | €15,685 | €19,735 | +€4,049 | +25.8% |
| Cash at bank and in hand | 54/58 | €126,774 | €91,076 | -€35,698 | -28.2% |
| Deferred charges and accrued income | 490/1 | - | €30,997 | +€30,997 | |
| Total equity and liabilities | 10/49 | €143,194 | €146,932 | +€3,737 | +2.6% |
| Equity | 10/15 | €134,302 | €136,410 | +€2,109 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,702 | €117,810 | +€2,109 | +1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €113,842 | €115,950 | +€2,109 | +1.9% |
| Amounts payable | 17/49 | €8,893 | €10,521 | +€1,628 | +18.3% |
| Amounts payable within one year | 42/48 | €8,893 | €10,521 | +€1,628 | +18.3% |
| Trade debts | 44 | €983 | - | -€983 | |
| Suppliers | 440/4 | €983 | - | -€983 | |
| Taxes, remuneration and social security | 45 | €640 | €3,251 | +€2,611 | +408% |
| Taxes | 450/3 | €640 | €3,251 | +€2,611 | +408% |
| Other amounts payable | 47/48 | €7,270 | €7,270 | = | 0.0% |
| Non-recurring operating income | 76A | €27,713 | - | -€27,713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | - | -€210 | |
| Other operating charges | 640/8 | €1,284 | €466 | -€819 | -63.8% |
| Gross operating margin | 9900 | -€19,880 | €3,904 | +€23,785 | |
| Operating profit (loss) | 9901 | -€21,375 | €3,439 | +€24,814 | |
| Financial income | 75/76B | €7,937 | - | -€7,937 | |
| Recurring financial income | 75 | €7,937 | - | -€7,937 | |
| Financial charges | 65/66B | €49 | €41 | -€8 | -17.0% |
| Recurring financial charges | 65 | €49 | €41 | -€8 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,487 | €3,398 | +€16,885 | |
| Income taxes | 67/77 | €1,415 | €1,289 | -€126 | -8.9% |
| Profit (loss) for the period | 9904 | -€14,901 | €2,109 | +€17,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,901 | €2,109 | +€17,010 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.