s-Lim: 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-Lim
Largest movements
- Current investments -€2.3m
down €2.3m (-18.7%), from €12.3m to €10.0m
- Financial fixed assets -€677,608
down €677,608 (-34.3%), from €2.0m to €1.3m
- Cash +€387,728
up €387,728 (+156.1%), from €248,417 to €636,145
mainly Current investments (+€2.3m) and Investment in fixed assets (net) (+€677,608)
- Receivables within one year -€158,350
down €158,350 (-24.3%), from €651,176 to €492,826
of which Trade receivables: -€171,204
- Debts after one year -€965,656
down €965,656 (-10.2%), from €9.5m to €8.5m
- Other debts -€765,738
down €765,738 (-25.9%), from €3.0m to €2.2m
- Profit (loss) carried forward -€622,829
down €622,829 (-3671.0%), from -€16,966 to -€639,796
- Trade debts -€487,471
down €487,471 (-59.7%), from €816,317 to €328,846
- Financial charges -€1.2m
down €1.2m (-63.0%), from €1.8m to €677,915
of which Non-recurring financial charges: -€1.2m
- Services and other goods -€898,535
down €898,535 (-24.8%), from €3.6m to €2.7m
- Turnover -€701,292
down €701,292 (-21.5%), from €3.3m to €2.6m
- Financial income -€131,765
down €131,765 (-35.9%), from €366,765 to €235,000
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 | €15,273,205 | €12,511,069 | -€2.8m | -18.1% |
| Fixed assets | 21/28 | €1,977,299 | €1,299,691 | -€677,608 | -34.3% |
| Financial fixed assets | 28 | €1,977,299 | €1,299,691 | -€677,608 | -34.3% |
| Affiliated companies | 280/1 | €1,977,299 | €1,299,691 | -€677,608 | -34.3% |
| Participating interests | 280 | €1,977,299 | €1,299,691 | -€677,608 | -34.3% |
| Current assets | 29/58 | €13,295,906 | €11,211,378 | -€2.1m | -15.7% |
| Amounts receivable within one year | 40/41 | €651,176 | €492,826 | -€158,350 | -24.3% |
| Trade receivables | 40 | €506,223 | €335,020 | -€171,204 | -33.8% |
| Other amounts receivable | 41 | €144,953 | €157,807 | +€12,854 | +8.9% |
| Current investments | 50/53 | €12,300,000 | €10,000,000 | -€2.3m | -18.7% |
| Other investments | 51/53 | €12,300,000 | €10,000,000 | -€2.3m | -18.7% |
| Cash at bank and in hand | 54/58 | €248,417 | €636,145 | +€387,728 | +156.1% |
| Deferred charges and accrued income | 490/1 | €96,313 | €82,407 | -€13,906 | -14.4% |
| Total equity and liabilities | 10/49 | €15,273,205 | €12,511,069 | -€2.8m | -18.1% |
| Equity | 10/15 | €1,983,034 | €1,360,204 | -€622,829 | -31.4% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,966 | -€639,796 | -€622,829 | -3671.0% |
| Amounts payable | 17/49 | €13,290,172 | €11,150,865 | -€2.1m | -16.1% |
| Amounts payable after more than one year | 17 | €9,461,745 | €8,496,089 | -€965,656 | -10.2% |
| Other amounts payable | 178/9 | €9,461,745 | €8,496,089 | -€965,656 | -10.2% |
| Amounts payable within one year | 42/48 | €3,773,036 | €2,612,652 | -€1.2m | -30.8% |
| Trade debts | 44 | €816,317 | €328,846 | -€487,471 | -59.7% |
| Suppliers | 440/4 | €816,317 | €328,846 | -€487,471 | -59.7% |
| Advances received on contracts in progress | 46 | - | €88,529 | +€88,529 | |
| Taxes, remuneration and social security | 45 | - | €4,295 | +€4,295 | |
| Taxes | 450/3 | - | €4,295 | +€4,295 | |
| Other amounts payable | 47/48 | €2,956,720 | €2,190,982 | -€765,738 | -25.9% |
| Accrued charges and deferred income | 492/3 | €55,390 | €42,123 | -€13,266 | -24.0% |
| Operating income | 70/76A | €3,258,661 | €2,557,330 | -€701,331 | -21.5% |
| Turnover | 70 | €3,258,622 | €2,557,330 | -€701,292 | -21.5% |
| Other operating income | 74 | €39 | - | -€39 | |
| Operating charges | 60/66A | €3,616,251 | €2,717,716 | -€898,535 | -24.8% |
| Services and other goods | 61 | €3,616,251 | €2,717,716 | -€898,535 | -24.8% |
| Operating profit (loss) | 9901 | -€357,590 | -€160,387 | +€197,203 | +55.1% |
| Financial income | 75/76B | €366,765 | €235,000 | -€131,765 | -35.9% |
| Recurring financial income | 75 | €366,765 | €235,000 | -€131,765 | -35.9% |
| Income from current assets | 751 | €366,765 | €235,000 | -€131,765 | -35.9% |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,833,162 | €677,915 | -€1.2m | -63.0% |
| Recurring financial charges | 65 | €179 | €307 | +€128 | +71.8% |
| Debt charges | 650 | €0 | - | -€0 | |
| Other financial charges | 652/9 | €178 | €307 | +€129 | +72.1% |
| Non-recurring financial charges | 66B | €1,832,984 | €677,608 | -€1.2m | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,823,987 | -€603,302 | +€1.2m | +66.9% |
| Income taxes | 67/77 | €3,262 | €19,528 | +€16,266 | +498.7% |
| Taxes | 670/3 | €3,262 | €19,528 | +€16,266 | +498.7% |
| Profit (loss) for the period | 9904 | -€1,827,249 | -€622,829 | +€1.2m | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,827,249 | -€622,829 | +€1.2m | +65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.