S.L.S.: 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.
What changed
S.L.S.
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€518,235
2023 · €539,171-€20,936
Equity
€5.0m
2023 · €4.9m+€76,104
Cash
€1.8m
2023 · €1.3m+€564,882
Balance sheet total
€7.7m
2023 · €7.8m-€103,633
Largest movements
Assets
- Cash +€564,882
up €564,882 (+44.9%), from €1.3m to €1.8m
mainly Net result for the year (+€518,235) and Depreciation (+€497,279)
- Receivables within one year -€494,284
down €494,284 (-18.0%), from €2.7m to €2.2m
of which Trade receivables: -€407,523
- Tangible fixed assets -€144,032
down €144,032 (-3.9%), from €3.7m to €3.5m
of which Land and buildings: -€163,582
Equity and liabilities
- Trade debts +€199,181
up €199,181 (+18.4%), from €1.1m to €1.3m
- Current portion of long-term debt -€197,238
down €197,238 (-63.4%), from €311,194 to €113,956
- Profit (loss) carried forward +€143,545
up €143,545 (+28.9%), from €497,391 to €640,936
- Debts after one year -€113,956
down €113,956 (-11.1%), from €1.0m to €913,917
Income statement
- Gross operating margin -€542,400
down €542,400 (-17.8%), from €3.1m to €2.5m
- Depreciation +€72,722
up €72,722 (+17.1%), from €424,557 to €497,279
- Taxes -€44,355
down €44,355 (-34.3%), from €129,273 to €84,918
- Staff costs -€33,001
down €33,001 (-1.9%), from €1.7m to €1.7m
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.
Result 2023
€539,171
Gross operating margin
-€542,400
Staff costs
+€33,001
Depreciation
-€72,722
Other operating charges
-€5,887
Other operating items
-€7,179
Financial income
-€3,448
Financial charges
+€5,915
Taxes
+€44,355
Deferred taxes and other
+€527,430
Result 2024
€518,235
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.7m
Investment
-€353,247
Financing
-€753,325
Cash 2023
€1.3m
From operations (derived)
+€1.7m
Net result for the year
+€518,235
Depreciation
+€497,279
Receivables within one year
+€494,284
Deferred charges and accrued income
+€30,199
Provisions
-€11,781
Trade debts
+€199,181
Tax, wage and social debts
-€50,124
Other debts
-€5,820
Investment (derived)
-€353,247
Investment in fixed assets (net)
-€353,247
Financing
-€753,325
Debts after one year
-€113,956
Current portion of long-term debt
-€197,238
Contributions, distributions and other
-€442,131
Cash 2024
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,803,501 | €7,699,868 | -€103,633 | -1.3% |
| Fixed assets | 21/28 | €3,685,796 | €3,541,764 | -€144,032 | -3.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,679,626 | €3,535,594 | -€144,032 | -3.9% |
| Land and buildings | 22 | €2,784,443 | €2,620,862 | -€163,582 | -5.9% |
| Plant, machinery and equipment | 23 | €28,693 | €18,930 | -€9,763 | -34.0% |
| Furniture and vehicles | 24 | €866,490 | €895,802 | +€29,313 | +3.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €6,170 | €6,170 | = | 0.0% |
| Current assets | 29/58 | €4,117,705 | €4,158,104 | +€40,399 | +1.0% |
| Amounts receivable within one year | 40/41 | €2,738,829 | €2,244,545 | -€494,284 | -18.0% |
| Trade receivables | 40 | €2,314,465 | €1,906,942 | -€407,523 | -17.6% |
| Other amounts receivable | 41 | €424,364 | €337,602 | -€86,761 | -20.4% |
| Current investments | 50/53 | €49,984 | €49,984 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,257,677 | €1,822,559 | +€564,882 | +44.9% |
| Deferred charges and accrued income | 490/1 | €71,215 | €41,016 | -€30,199 | -42.4% |
| Total equity and liabilities | 10/49 | €7,803,501 | €7,699,868 | -€103,633 | -1.3% |
| Equity | 10/15 | €4,939,143 | €5,015,247 | +€76,104 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,126,636 | €4,091,294 | -€35,342 | -0.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €722,108 | €312,075 | -€410,032 | -56.8% |
| Distributable reserves | 133 | €3,398,329 | €3,773,019 | +€374,690 | +11.0% |
| Profit (loss) carried forward | 14 | €497,391 | €640,936 | +€143,545 | +28.9% |
| Investment grants | 15 | €253,116 | €221,017 | -€32,098 | -12.7% |
| Provisions and deferred taxes | 16 | €115,806 | €104,025 | -€11,781 | -10.2% |
| Deferred taxes | 168 | €115,806 | €104,025 | -€11,781 | -10.2% |
| Amounts payable | 17/49 | €2,748,553 | €2,580,596 | -€167,957 | -6.1% |
| Amounts payable after more than one year | 17 | €1,027,873 | €913,917 | -€113,956 | -11.1% |
| Financial debts | 170/4 | €1,027,873 | €913,917 | -€113,956 | -11.1% |
| Amounts payable within one year | 42/48 | €1,720,601 | €1,666,600 | -€54,001 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €311,194 | €113,956 | -€197,238 | -63.4% |
| Trade debts | 44 | €1,081,698 | €1,280,879 | +€199,181 | +18.4% |
| Suppliers | 440/4 | €1,081,698 | €1,280,879 | +€199,181 | +18.4% |
| Taxes, remuneration and social security | 45 | €296,889 | €246,765 | -€50,124 | -16.9% |
| Taxes | 450/3 | €103,281 | €63,863 | -€39,418 | -38.2% |
| Remuneration and social security | 454/9 | €193,608 | €182,902 | -€10,706 | -5.5% |
| Other amounts payable | 47/48 | €30,820 | €25,000 | -€5,820 | -18.9% |
| Accrued charges and deferred income | 492/3 | €78 | €78 | = | 0.0% |
| Non-recurring operating income | 76A | €476,809 | €233,954 | -€242,856 | -50.9% |
| Remuneration, social security and pensions | 62 | €1,748,554 | €1,715,553 | -€33,001 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,557 | €497,279 | +€72,722 | +17.1% |
| Other operating charges | 640/8 | €89,606 | €95,493 | +€5,887 | +6.6% |
| Non-recurring operating charges | 66A | €720 | €7,898 | +€7,179 | +997% |
| Gross operating margin | 9900 | €3,052,751 | €2,510,351 | -€542,400 | -17.8% |
| Operating profit (loss) | 9901 | €789,315 | €194,128 | -€595,187 | -75.4% |
| Financial income | 75/76B | €35,547 | €32,099 | -€3,448 | -9.7% |
| Recurring financial income | 75 | €35,547 | €32,099 | -€3,448 | -9.7% |
| Financial charges | 65/66B | €50,802 | €44,887 | -€5,915 | -11.6% |
| Recurring financial charges | 65 | €50,802 | €44,887 | -€5,915 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €774,060 | €181,340 | -€592,720 | -76.6% |
| Transfer from deferred taxes | 780 | €13,586 | €421,813 | +€408,227 | +3,005% |
| Transfer to deferred taxes | 680 | €119,202 | - | -€119,202 | |
| Income taxes | 67/77 | €129,273 | €84,918 | -€44,355 | -34.3% |
| Profit (loss) for the period | 9904 | €539,171 | €518,235 | -€20,936 | -3.9% |
| Transfer to tax-exempt reserves | 689 | €357,607 | - | -€357,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €181,564 | €518,235 | +€336,671 | +185% |
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 22 October 2026 via checked.be.