SL CONCEPT: 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.
SL CONCEPT
Largest movements
- Receivables within one year -€50,130
down €50,130 (-65.1%), from €77,049 to €26,919
of which Other amounts receivable: -€52,935
- Cash -€32,421
down €32,421 (-6.9%), from €472,855 to €440,433
mainly Contributions, distributions and other (-€280,000) and Tax, wage and social debts (-€15,374)
- Profit (loss) carried forward -€66,615
down €66,615 (-13.5%), from €495,032 to €428,417
- Tax, wage and social debts -€15,374
down €15,374 (-27.6%), from €55,732 to €40,358
- Gross operating margin +€79,654
up €79,654 (+38.6%), from €206,601 to €286,255
- Taxes +€21,333
up €21,333 (+45.4%), from €47,027 to €68,360
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 | €558,260 | €473,327 | -€84,933 | -15.2% |
| Fixed assets | 21/28 | €6,378 | €4,627 | -€1,750 | -27.4% |
| Tangible fixed assets | 22/27 | €6,378 | €4,627 | -€1,750 | -27.4% |
| Land and buildings | 22 | €4,307 | €3,350 | -€957 | -22.2% |
| Furniture and vehicles | 24 | €2,071 | €1,278 | -€793 | -38.3% |
| Current assets | 29/58 | €551,882 | €468,700 | -€83,183 | -15.1% |
| Amounts receivable within one year | 40/41 | €77,049 | €26,919 | -€50,130 | -65.1% |
| Trade receivables | 40 | €22,473 | €25,279 | +€2,805 | +12.5% |
| Other amounts receivable | 41 | €54,575 | €1,640 | -€52,935 | -97.0% |
| Current investments | 50/53 | - | €1,010 | +€1,010 | |
| Cash at bank and in hand | 54/58 | €472,855 | €440,433 | -€32,421 | -6.9% |
| Deferred charges and accrued income | 490/1 | €1,979 | €338 | -€1,641 | -82.9% |
| Total equity and liabilities | 10/49 | €558,260 | €473,327 | -€84,933 | -15.2% |
| Equity | 10/15 | €498,032 | €431,417 | -€66,615 | -13.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €495,032 | €428,417 | -€66,615 | -13.5% |
| Amounts payable | 17/49 | €60,227 | €41,910 | -€18,318 | -30.4% |
| Amounts payable within one year | 42/48 | €60,227 | €41,910 | -€18,318 | -30.4% |
| Trade debts | 44 | €4,495 | €1,451 | -€3,045 | -67.7% |
| Suppliers | 440/4 | €4,495 | €1,451 | -€3,045 | -67.7% |
| Taxes, remuneration and social security | 45 | €55,732 | €40,358 | -€15,374 | -27.6% |
| Taxes | 450/3 | €55,732 | €40,358 | -€15,374 | -27.6% |
| Other amounts payable | 47/48 | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €1,750 | +€479 | +37.6% |
| Other operating charges | 640/8 | €4,155 | €2,654 | -€1,501 | -36.1% |
| Gross operating margin | 9900 | €206,601 | €286,255 | +€79,654 | +38.6% |
| Operating profit (loss) | 9901 | €201,174 | €281,851 | +€80,677 | +40.1% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1303.3% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1303.3% |
| Financial charges | 65/66B | €114 | €118 | +€5 | +4.1% |
| Recurring financial charges | 65 | €114 | €118 | +€5 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €201,061 | €281,745 | +€80,684 | +40.1% |
| Income taxes | 67/77 | €47,027 | €68,360 | +€21,333 | +45.4% |
| Profit (loss) for the period | 9904 | €154,034 | €213,385 | +€59,351 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,034 | €213,385 | +€59,351 | +38.5% |
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 8 October 2026 via checked.be.