s-Lim: 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-Lim
Largest movements
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Tangible fixed assets +€1.1m
up €1.1m (+189.5%), from €571,202 to €1.7m
of which Plant, machinery and equipment: +€1.1m
- Intangible fixed assets -€244,860
down €244,860 (-33.3%), from €734,480 to €489,620
- Cash +€220,240
up €220,240 (+27.2%), from €810,663 to €1.0m
mainly Current investments (+€2.0m) and Trade debts (+€665,787)
- Receivables within one year -€197,267
down €197,267 (-22.0%), from €897,098 to €699,831
of which Trade receivables: -€200,012
- Contributions -€1.4m
down €1.4m (-34.3%), from €4.0m to €2.6m
- Trade debts +€665,787
up €665,787 (+91.4%), from €728,308 to €1.4m
- Accrued charges and deferred income -€338,693
down €338,693 (-61.9%), from €547,004 to €208,311
- Services and other goods +€334,721
up €334,721 (+29.4%), from €1.1m to €1.5m
- Turnover -€330,270
down €330,270 (-12.1%), from €2.7m to €2.4m
- Goods and materials -€152,355
down €152,355 (-9.6%), from €1.6m to €1.4m
of which Purchases: -€165,634
- Financial income -€72,265
down €72,265 (-67.6%), from €106,900 to €34,634
- Staff costs +€51,116
up €51,116 (+7.9%), from €647,732 to €698,849
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 | €5,334,436 | €4,282,111 | -€1.1m | -19.7% |
| Fixed assets | 21/28 | €1,305,682 | €2,142,965 | +€837,283 | +64.1% |
| Intangible fixed assets | 21 | €734,480 | €489,620 | -€244,860 | -33.3% |
| Tangible fixed assets | 22/27 | €571,202 | €1,653,345 | +€1.1m | +189.5% |
| Plant, machinery and equipment | 23 | €565,445 | €1,645,271 | +€1.1m | +191.0% |
| Furniture and vehicles | 24 | €5,757 | €8,074 | +€2,317 | +40.2% |
| Current assets | 29/58 | €4,028,754 | €2,139,146 | -€1.9m | -46.9% |
| Stocks and contracts in progress | 3 | €30,669 | €65,734 | +€35,066 | +114.3% |
| Stocks | 30/36 | €13,280 | - | -€13,280 | |
| Goods purchased for resale | 34 | €13,280 | - | -€13,280 | |
| Contracts in progress | 37 | €17,389 | €65,734 | +€48,345 | +278.0% |
| Amounts receivable within one year | 40/41 | €897,098 | €699,831 | -€197,267 | -22.0% |
| Trade receivables | 40 | €711,286 | €511,274 | -€200,012 | -28.1% |
| Other amounts receivable | 41 | €185,812 | €188,557 | +€2,745 | +1.5% |
| Current investments | 50/53 | €2,000,000 | - | -€2.0m | |
| Other investments | 51/53 | €2,000,000 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €810,663 | €1,030,902 | +€220,240 | +27.2% |
| Deferred charges and accrued income | 490/1 | €290,324 | €342,678 | +€52,354 | +18.0% |
| Total equity and liabilities | 10/49 | €5,334,436 | €4,282,111 | -€1.1m | -19.7% |
| Equity | 10/15 | €3,954,599 | €2,599,382 | -€1.4m | -34.3% |
| Contributions | 10/11 | €3,954,599 | €2,599,382 | -€1.4m | -34.3% |
| Amounts payable | 17/49 | €1,379,837 | €1,682,728 | +€302,891 | +22.0% |
| Amounts payable within one year | 42/48 | €832,833 | €1,474,417 | +€641,584 | +77.0% |
| Trade debts | 44 | €728,308 | €1,394,096 | +€665,787 | +91.4% |
| Suppliers | 440/4 | €728,308 | €1,394,096 | +€665,787 | +91.4% |
| Taxes, remuneration and social security | 45 | €104,525 | €80,322 | -€24,203 | -23.2% |
| Taxes | 450/3 | €30,548 | - | -€30,548 | |
| Remuneration and social security | 454/9 | €73,977 | €80,322 | +€6,345 | +8.6% |
| Accrued charges and deferred income | 492/3 | €547,004 | €208,311 | -€338,693 | -61.9% |
| Operating income | 70/76A | €2,461,065 | €2,567,574 | +€106,509 | +4.3% |
| Turnover | 70 | €2,723,349 | €2,393,079 | -€330,270 | -12.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€391,206 | €48,345 | +€439,551 | |
| Other operating income | 74 | €127,837 | €126,150 | -€1,687 | -1.3% |
| Non-recurring operating income | 76A | €1,085 | - | -€1,085 | |
| Operating charges | 60/66A | €3,701,543 | €3,952,610 | +€251,067 | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €1,584,431 | €1,432,077 | -€152,355 | -9.6% |
| Purchases | 600/8 | €1,584,431 | €1,418,797 | -€165,634 | -10.5% |
| Change in stocks: decrease (increase) | 609 | - | €13,280 | +€13,280 | |
| Services and other goods | 61 | €1,137,140 | €1,471,861 | +€334,721 | +29.4% |
| Remuneration, social security and pensions | 62 | €647,732 | €698,849 | +€51,116 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,210 | €348,764 | +€17,554 | +5.3% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Operating profit (loss) | 9901 | -€1,240,478 | -€1,385,036 | -€144,558 | -11.7% |
| Financial income | 75/76B | €106,900 | €34,634 | -€72,265 | -67.6% |
| Recurring financial income | 75 | €106,900 | €34,634 | -€72,265 | -67.6% |
| Income from current assets | 751 | €106,900 | €34,634 | -€72,265 | -67.6% |
| Financial charges | 65/66B | €3,620 | €3,176 | -€444 | -12.3% |
| Recurring financial charges | 65 | €3,620 | €3,176 | -€444 | -12.3% |
| Debt charges | 650 | €3,212 | €2,766 | -€446 | -13.9% |
| Other financial charges | 652/9 | €408 | €410 | +€2 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,137,198 | -€1,353,578 | -€216,380 | -19.0% |
| Income taxes | 67/77 | -€165 | €1,639 | +€1,804 | |
| Taxes | 670/3 | €1,147 | €1,639 | +€492 | +42.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,312 | - | -€1,312 | |
| Profit (loss) for the period | 9904 | -€1,137,032 | -€1,355,216 | -€218,184 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,137,032 | -€1,355,216 | -€218,184 | -19.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.