S.L. PROJECTS: what changed
Two fiscal 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. PROJECTS
Largest movements
- Tangible fixed assets -€116,069
down €116,069 (-100.0%), from €116,069 to €0
- Cash +€106,532
up €106,532 (+308.5%), from €34,528 to €141,060
mainly Investment in fixed assets (net) (+€116,069) and Other debts (+€69,147)
- Receivables within one year -€40,940
down €40,940 (-68.0%), from €60,198 to €19,258
of which Other amounts receivable: -€39,609
- Receivables after one year -€2,500
down €2,500 (-100.0%), from €2,500 to €0
of which Other amounts receivable: -€2,500
- Debts after one year -€73,332
down €73,332 (-100.0%), from €73,332 to €0
- Other debts +€69,147
up €69,147 (+189.2%), from €36,550 to €105,697
- Trade debts -€41,101
down €41,101 (-47.3%), from €86,883 to €45,782
- Current portion of long-term debt -€13,333
down €13,333 (-100.0%), from €13,333 to €0
- Profit (loss) carried forward +€6,603
up €6,603 (+34.0%), from -€19,432 to -€12,829
- Depreciation -€10,515
down €10,515 (-100.0%), from €10,515 to €0
- Financial income -€7,512
down €7,512 (-67.9%), from €11,068 to €3,556
- Gross operating margin -€2,059
down €2,059 (-15.8%), from €13,067 to €11,008
- Financial charges +€357
up €357 (+17.0%), from €2,105 to €2,462
- Taxes -€162
down €162 (-5.1%), from €3,169 to €3,007
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 | €214,796 | €162,118 | -€52,678 | -24.5% |
| Fixed assets | 21/28 | €116,069 | €0 | -€116,069 | -100.0% |
| Tangible fixed assets | 22/27 | €116,069 | €0 | -€116,069 | -100.0% |
| Land and buildings | 22 | €116,069 | €0 | -€116,069 | -100.0% |
| Current assets | 29/58 | €98,726 | €162,118 | +€63,392 | +64.2% |
| Amounts receivable after more than one year | 29 | €2,500 | €0 | -€2,500 | -100.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €2,500 | €0 | -€2,500 | -100.0% |
| Stocks and contracts in progress | 3 | €1,500 | €1,800 | +€300 | +20.0% |
| Stocks | 30/36 | €1,500 | €1,800 | +€300 | +20.0% |
| Amounts receivable within one year | 40/41 | €60,198 | €19,258 | -€40,940 | -68.0% |
| Trade receivables | 40 | €6,273 | €4,942 | -€1,331 | -21.2% |
| Other amounts receivable | 41 | €53,925 | €14,316 | -€39,609 | -73.5% |
| Cash at bank and in hand | 54/58 | €34,528 | €141,060 | +€106,532 | +308.5% |
| Total equity and liabilities | 10/49 | €214,796 | €162,118 | -€52,678 | -24.5% |
| Equity | 10/15 | €1,028 | €7,631 | +€6,603 | +642.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,432 | -€12,829 | +€6,603 | +34.0% |
| Amounts payable | 17/49 | €213,768 | €154,487 | -€59,281 | -27.7% |
| Amounts payable after more than one year | 17 | €73,332 | €0 | -€73,332 | -100.0% |
| Financial debts | 170/4 | €73,332 | €0 | -€73,332 | -100.0% |
| Amounts payable within one year | 42/48 | €140,435 | €154,487 | +€14,051 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €0 | -€13,333 | -100.0% |
| Trade debts | 44 | €86,883 | €45,782 | -€41,101 | -47.3% |
| Suppliers | 440/4 | €86,883 | €45,782 | -€41,101 | -47.3% |
| Taxes, remuneration and social security | 45 | €3,669 | €3,007 | -€662 | -18.0% |
| Taxes | 450/3 | €3,169 | €3,007 | -€162 | -5.1% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €36,550 | €105,697 | +€69,147 | +189.2% |
| Non-recurring operating income | 76A | - | €45,931 | +€45,931 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,515 | €0 | -€10,515 | -100.0% |
| Other operating charges | 640/8 | €2,354 | €2,492 | +€138 | +5.9% |
| Gross operating margin | 9900 | €13,067 | €11,008 | -€2,059 | -15.8% |
| Operating profit (loss) | 9901 | €198 | €8,516 | +€8,318 | +4206.5% |
| Financial income | 75/76B | €11,068 | €3,556 | -€7,512 | -67.9% |
| Recurring financial income | 75 | €11,068 | €3,556 | -€7,512 | -67.9% |
| Financial charges | 65/66B | €2,105 | €2,462 | +€357 | +17.0% |
| Recurring financial charges | 65 | €2,105 | €2,462 | +€357 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €9,161 | €9,610 | +€449 | +4.9% |
| Income taxes | 67/77 | €3,169 | €3,007 | -€162 | -5.1% |
| Profit (loss) for the period | 9904 | €5,992 | €6,603 | +€611 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,992 | €6,603 | +€611 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.