SL DEMOLITION: 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.
SL DEMOLITION
Largest movements
- Tangible fixed assets +€219,050
up €219,050 (+29.2%), from €750,414 to €969,464
of which Leasing and similar rights: +€196,367
- Cash +€166,907
up €166,907 (+87.2%), from €191,369 to €358,276
mainly Depreciation (+€156,417) and Short-term financial debts (+€125,064)
- Short-term financial debts +€125,064
up €125,064 (+217%), from €57,669 to €182,733
- Debts after one year +€119,877
up €119,877 (+23.9%), from €501,001 to €620,878
- Profit (loss) carried forward +€102,017
up €102,017 (+20.7%), from €492,275 to €594,292
- Current portion of long-term debt +€48,774
up €48,774 (+57.5%), from €84,753 to €133,527
- Other debts -€33,893
down €33,893 (-43.4%), from €78,098 to €44,205
- Gross operating margin +€84,717
up €84,717 (+14.1%), from €599,299 to €684,016
- Depreciation +€53,234
up €53,234 (+51.6%), from €103,183 to €156,417
- Staff costs +€36,353
up €36,353 (+12.6%), from €289,235 to €325,588
- Write-downs -€13,987
no longer reported in 2025 (was €13,987)
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 | €1,379,179 | €1,757,665 | +€378,486 | +27.4% |
| Fixed assets | 21/28 | €750,699 | €969,749 | +€219,050 | +29.2% |
| Tangible fixed assets | 22/27 | €750,414 | €969,464 | +€219,050 | +29.2% |
| Land and buildings | 22 | €532,724 | €518,409 | -€14,315 | -2.7% |
| Plant, machinery and equipment | 23 | €106,207 | €138,641 | +€32,434 | +30.5% |
| Furniture and vehicles | 24 | €48,995 | €49,397 | +€402 | +0.8% |
| Leasing and similar rights | 25 | €58,645 | €255,012 | +€196,367 | +335% |
| Other tangible fixed assets | 26 | €3,843 | €8,005 | +€4,162 | +108% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €628,480 | €787,916 | +€159,436 | +25.4% |
| Amounts receivable within one year | 40/41 | €410,867 | €405,349 | -€5,518 | -1.3% |
| Trade receivables | 40 | €310,085 | €261,495 | -€48,590 | -15.7% |
| Other amounts receivable | 41 | €100,782 | €143,854 | +€43,072 | +42.7% |
| Cash at bank and in hand | 54/58 | €191,369 | €358,276 | +€166,907 | +87.2% |
| Deferred charges and accrued income | 490/1 | €26,244 | €24,291 | -€1,953 | -7.4% |
| Total equity and liabilities | 10/49 | €1,379,179 | €1,757,665 | +€378,486 | +27.4% |
| Equity | 10/15 | €612,735 | €714,752 | +€102,017 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €492,275 | €594,292 | +€102,017 | +20.7% |
| Amounts payable | 17/49 | €766,444 | €1,042,913 | +€276,469 | +36.1% |
| Amounts payable after more than one year | 17 | €501,001 | €620,878 | +€119,877 | +23.9% |
| Financial debts | 170/4 | €501,001 | €620,878 | +€119,877 | +23.9% |
| Amounts payable within one year | 42/48 | €264,939 | €421,577 | +€156,638 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €84,753 | €133,527 | +€48,774 | +57.5% |
| Financial debts | 43 | €57,669 | €182,733 | +€125,064 | +217% |
| Credit institutions | 430/8 | €57,669 | €182,733 | +€125,064 | +217% |
| Trade debts | 44 | €35,353 | €58,272 | +€22,919 | +64.8% |
| Suppliers | 440/4 | €35,353 | €58,272 | +€22,919 | +64.8% |
| Advances received on contracts in progress | 46 | €3,019 | - | -€3,019 | |
| Taxes, remuneration and social security | 45 | €6,047 | €2,840 | -€3,207 | -53.0% |
| Taxes | 450/3 | - | €423 | +€423 | |
| Remuneration and social security | 454/9 | €6,047 | €2,417 | -€3,630 | -60.0% |
| Other amounts payable | 47/48 | €78,098 | €44,205 | -€33,893 | -43.4% |
| Accrued charges and deferred income | 492/3 | €504 | €458 | -€46 | -9.1% |
| Non-recurring operating income | 76A | €7,799 | €28,604 | +€20,805 | +267% |
| Remuneration, social security and pensions | 62 | €289,235 | €325,588 | +€36,353 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,183 | €156,417 | +€53,234 | +51.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,987 | - | -€13,987 | |
| Other operating charges | 640/8 | €17,909 | €19,396 | +€1,487 | +8.3% |
| Non-recurring operating charges | 66A | €98 | €8,519 | +€8,421 | +8,593% |
| Gross operating margin | 9900 | €599,299 | €684,016 | +€84,717 | +14.1% |
| Operating profit (loss) | 9901 | €174,887 | €174,096 | -€791 | -0.5% |
| Financial income | 75/76B | €2,642 | €3,596 | +€954 | +36.1% |
| Recurring financial income | 75 | €2,642 | €3,596 | +€954 | +36.1% |
| Financial charges | 65/66B | €31,481 | €36,242 | +€4,761 | +15.1% |
| Recurring financial charges | 65 | €31,481 | €36,242 | +€4,761 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €146,048 | €141,450 | -€4,598 | -3.1% |
| Income taxes | 67/77 | €34,391 | €39,433 | +€5,042 | +14.7% |
| Profit (loss) for the period | 9904 | €111,657 | €102,017 | -€9,640 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,657 | €102,017 | -€9,640 | -8.6% |
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 18 October 2026 via checked.be.