Sam Sluismans: 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.
Sam Sluismans
Largest movements
- Current investments +€377,736
up €377,736 (+115%), from €328,672 to €706,408
- Receivables within one year +€260,803
up €260,803 (+277%), from €94,295 to €355,098
of which Other amounts receivable: +€217,946
- Receivables after one year +€137,600
up €137,600 (+16.2%), from €848,400 to €986,000
- Tangible fixed assets -€77,556
down €77,556 (-6.0%), from €1.3m to €1.2m
of which Land and buildings: -€41,900
- Cash +€62,631
up €62,631 (+51.9%), from €120,589 to €183,219
mainly Other debts (+€678,824) and Net result for the year (+€646,398)
- Other debts +€678,824
up €678,824 (+2,509%), from €27,059 to €705,882
- Trade debts +€91,985
up €91,985 (+157%), from €58,550 to €150,536
- Profit (loss) carried forward -€59,485
down €59,485 (-2.9%), from €2.0m to €2.0m
- Short-term financial debts +€43,733
up €43,733 (+8.1%), from €537,833 to €581,567
- Financial income +€99,353
up €99,353 (+443%), from €22,414 to €121,768
- Gross operating margin +€93,997
up €93,997 (+12.9%), from €728,990 to €822,987
- Taxes +€35,430
up €35,430 (+22.3%), from €158,706 to €194,136
- Depreciation -€16,172
down €16,172 (-19.6%), from €82,582 to €66,409
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.
Derived cash bridge
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 | €2,714,674 | €3,476,561 | +€761,888 | +28.1% |
| Fixed assets | 21/28 | €1,296,783 | €1,219,227 | -€77,556 | -6.0% |
| Tangible fixed assets | 22/27 | €1,296,783 | €1,219,227 | -€77,556 | -6.0% |
| Land and buildings | 22 | €1,188,897 | €1,146,997 | -€41,900 | -3.5% |
| Plant, machinery and equipment | 23 | €2,169 | €983 | -€1,186 | -54.7% |
| Furniture and vehicles | 24 | €105,716 | €71,246 | -€34,471 | -32.6% |
| Current assets | 29/58 | €1,417,891 | €2,257,335 | +€839,444 | +59.2% |
| Amounts receivable after more than one year | 29 | €848,400 | €986,000 | +€137,600 | +16.2% |
| Other amounts receivable | 291 | €848,400 | €986,000 | +€137,600 | +16.2% |
| Amounts receivable within one year | 40/41 | €94,295 | €355,098 | +€260,803 | +277% |
| Trade receivables | 40 | €31,328 | €74,185 | +€42,857 | +137% |
| Other amounts receivable | 41 | €62,967 | €280,913 | +€217,946 | +346% |
| Current investments | 50/53 | €328,672 | €706,408 | +€377,736 | +115% |
| Cash at bank and in hand | 54/58 | €120,589 | €183,219 | +€62,631 | +51.9% |
| Deferred charges and accrued income | 490/1 | €25,935 | €26,610 | +€674 | +2.6% |
| Total equity and liabilities | 10/49 | €2,714,674 | €3,476,561 | +€761,888 | +28.1% |
| Equity | 10/15 | €2,057,118 | €1,997,633 | -€59,485 | -2.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €2,024,118 | €1,964,633 | -€59,485 | -2.9% |
| Amounts payable | 17/49 | €657,555 | €1,478,928 | +€821,372 | +125% |
| Amounts payable within one year | 42/48 | €629,126 | €1,445,983 | +€816,858 | +130% |
| Financial debts | 43 | €537,833 | €581,567 | +€43,733 | +8.1% |
| Other loans | 439 | €537,833 | €581,567 | +€43,733 | +8.1% |
| Trade debts | 44 | €58,550 | €150,536 | +€91,985 | +157% |
| Suppliers | 440/4 | €58,550 | €150,536 | +€91,985 | +157% |
| Taxes, remuneration and social security | 45 | €5,683 | €7,999 | +€2,316 | +40.7% |
| Taxes | 450/3 | - | €2,637 | +€2,637 | |
| Remuneration and social security | 454/9 | €5,683 | €5,362 | -€321 | -5.6% |
| Other amounts payable | 47/48 | €27,059 | €705,882 | +€678,824 | +2,509% |
| Accrued charges and deferred income | 492/3 | €28,430 | €32,945 | +€4,515 | +15.9% |
| Non-recurring operating income | 76A | - | €52,863 | +€52,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,582 | €66,409 | -€16,172 | -19.6% |
| Other operating charges | 640/8 | €4,465 | €4,651 | +€185 | +4.2% |
| Gross operating margin | 9900 | €728,990 | €822,987 | +€93,997 | +12.9% |
| Operating profit (loss) | 9901 | €641,943 | €751,927 | +€109,984 | +17.1% |
| Financial income | 75/76B | €22,414 | €121,768 | +€99,353 | +443% |
| Recurring financial income | 75 | €22,414 | €121,768 | +€99,353 | +443% |
| Financial charges | 65/66B | €31,348 | €33,162 | +€1,814 | +5.8% |
| Recurring financial charges | 65 | €31,348 | €33,162 | +€1,814 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €633,009 | €840,534 | +€207,524 | +32.8% |
| Income taxes | 67/77 | €158,706 | €194,136 | +€35,430 | +22.3% |
| Profit (loss) for the period | 9904 | €474,303 | €646,398 | +€172,094 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €474,303 | €646,398 | +€172,094 | +36.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.