SL CONNECT: 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 CONNECT
Largest movements
- Cash +€32,894
up €32,894 (+244.8%), from €13,438 to €46,333
mainly Net result for the year (+€44,528) and Tax, wage and social debts (+€14,167)
- Deferred charges and accrued income +€17,524
new in 2025: €17,524
- Tangible fixed assets +€4,419
new in 2025: €4,419
- Receivables within one year -€927
down €927 (-8.5%), from €10,960 to €10,032
of which Trade receivables: -€1,644
- Profit (loss) carried forward +€44,528
up €44,528 (+375.2%), from €11,869 to €56,397
- Tax, wage and social debts +€14,167
up €14,167 (+255.2%), from €5,551 to €19,718
of which Taxes: +€12,767
- Other debts -€4,244
no longer reported in 2025 (was €4,244)
- Gross operating margin +€41,462
up €41,462 (+269.7%), from €15,371 to €56,833
- Taxes +€8,454
up €8,454 (+283.4%), from €2,983 to €11,437
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 | €24,398 | €78,308 | +€53,910 | +221.0% |
| Fixed assets | 21/28 | - | €4,419 | +€4,419 | |
| Tangible fixed assets | 22/27 | - | €4,419 | +€4,419 | |
| Plant, machinery and equipment | 23 | - | €4,419 | +€4,419 | |
| Current assets | 29/58 | €24,398 | €73,889 | +€49,491 | +202.8% |
| Amounts receivable within one year | 40/41 | €10,960 | €10,032 | -€927 | -8.5% |
| Trade receivables | 40 | €10,960 | €9,316 | -€1,644 | -15.0% |
| Other amounts receivable | 41 | - | €717 | +€717 | |
| Cash at bank and in hand | 54/58 | €13,438 | €46,333 | +€32,894 | +244.8% |
| Deferred charges and accrued income | 490/1 | - | €17,524 | +€17,524 | |
| Total equity and liabilities | 10/49 | €24,398 | €78,308 | +€53,910 | +221.0% |
| Equity | 10/15 | €14,369 | €58,397 | +€44,028 | +306.4% |
| Contributions | 10/11 | €2,500 | €2,000 | -€500 | -20.0% |
| Profit (loss) carried forward | 14 | €11,869 | €56,397 | +€44,528 | +375.2% |
| Amounts payable | 17/49 | €10,029 | €19,911 | +€9,881 | +98.5% |
| Amounts payable within one year | 42/48 | €10,029 | €19,911 | +€9,881 | +98.5% |
| Trade debts | 44 | €234 | €193 | -€41 | -17.5% |
| Suppliers | 440/4 | €234 | €193 | -€41 | -17.5% |
| Taxes, remuneration and social security | 45 | €5,551 | €19,718 | +€14,167 | +255.2% |
| Taxes | 450/3 | €5,551 | €18,318 | +€12,767 | +230.0% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €4,244 | - | -€4,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €176 | +€176 | |
| Other operating charges | 640/8 | €519 | €664 | +€144 | +27.8% |
| Gross operating margin | 9900 | €15,371 | €56,833 | +€41,462 | +269.7% |
| Operating profit (loss) | 9901 | €14,852 | €55,993 | +€41,141 | +277.0% |
| Financial charges | 65/66B | - | €27 | +€27 | |
| Recurring financial charges | 65 | - | €27 | +€27 | |
| Profit (loss) for the period before taxes | 9903 | €14,852 | €55,966 | +€41,114 | +276.8% |
| Income taxes | 67/77 | €2,983 | €11,437 | +€8,454 | +283.4% |
| Profit (loss) for the period | 9904 | €11,869 | €44,528 | +€32,660 | +275.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,869 | €44,528 | +€32,660 | +275.2% |
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 7 October 2026 via checked.be.