SL FINANCE: 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.
What changed
SL FINANCE
NACE 64.999, Other financial services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€478,425
2024 · €462,193+€16,232
Equity
€58.8m
2024 · €58.3m+€478,425
Cash
€1,000
2024 · €1,000
Balance sheet total
€61.1m
2024 · €61.8m-€740,027
Largest movements
Assets
- Receivables within one year -€734,420
down €734,420 (-7.6%), from €9.6m to €8.9m
of which Other amounts receivable: -€748,405
Equity and liabilities
- Tax, wage and social debts -€1.1m
down €1.1m (-92.5%), from €1.2m to €92,674
Income statement
- Financial income -€2.7m
down €2.7m (-91.7%), from €2.9m to €244,603
- Financial charges -€2.2m
down €2.2m (-100.0%), from €2.2m to €628
of which Non-recurring financial charges: -€2.2m
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.
Result 2024
€462,193
Depreciation
+€12,626
Other operating charges
-€33
Other operating items
+€18,997
Financial income
-€2.7m
Financial charges
+€2.2m
Taxes
+€428,479
Result 2025
€478,425
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€53,170
Investment
€0
Financing
-€53,170
Cash 2024
€1,000
From operations (derived)
+€53,170
Net result for the year
+€478,425
Depreciation
+€5,606
Receivables within one year
+€734,420
Smaller working-capital items
-€0
Trade debts
-€20,779
Tax, wage and social debts
-€1.1m
Financing
-€53,170
Current portion of long-term debt
-€70
Short-term financial debts
-€53,100
Cash 2025
€1,000
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,823,588 | €61,083,561 | -€740,027 | -1.2% |
| Fixed assets | 21/28 | €52,199,538 | €52,193,931 | -€5,606 | 0.0% |
| Intangible fixed assets | 21 | €5,606 | - | -€5,606 | |
| Financial fixed assets | 28 | €52,193,931 | €52,193,931 | = | 0.0% |
| Affiliated companies | 280/1 | €52,193,931 | €52,193,931 | = | 0.0% |
| Participating interests | 280 | €52,193,931 | €52,193,931 | = | 0.0% |
| Current assets | 29/58 | €9,624,050 | €8,889,629 | -€734,420 | -7.6% |
| Amounts receivable within one year | 40/41 | €9,623,050 | €8,888,629 | -€734,420 | -7.6% |
| Trade receivables | 40 | - | €13,985 | +€13,985 | |
| Other amounts receivable | 41 | €9,623,050 | €8,874,645 | -€748,405 | -7.8% |
| Cash at bank and in hand | 54/58 | €1,000 | €1,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €61,823,588 | €61,083,561 | -€740,027 | -1.2% |
| Equity | 10/15 | €58,332,196 | €58,810,621 | +€478,425 | +0.8% |
| Contributions | 10/11 | €55,953,917 | €55,953,917 | = | 0.0% |
| Capital | 10 | €55,953,917 | €55,953,917 | = | 0.0% |
| Issued capital | 100 | €55,953,917 | €55,953,917 | = | 0.0% |
| Reserves | 13 | €201,308 | €225,229 | +€23,921 | +11.9% |
| Non-distributable reserves | 130/1 | €201,308 | €225,229 | +€23,921 | +11.9% |
| Legal reserve | 130 | €201,308 | €225,229 | +€23,921 | +11.9% |
| Profit (loss) carried forward | 14 | €2,176,971 | €2,631,475 | +€454,504 | +20.9% |
| Amounts payable | 17/49 | €3,491,392 | €2,272,940 | -€1.2m | -34.9% |
| Amounts payable within one year | 42/48 | €3,491,392 | €2,272,940 | -€1.2m | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €70 | - | -€70 | |
| Financial debts | 43 | €2,231,268 | €2,178,167 | -€53,100 | -2.4% |
| Other loans | 439 | €2,231,268 | €2,178,167 | -€53,100 | -2.4% |
| Trade debts | 44 | €22,877 | €2,099 | -€20,779 | -90.8% |
| Suppliers | 440/4 | €22,877 | €2,099 | -€20,779 | -90.8% |
| Taxes, remuneration and social security | 45 | €1,237,177 | €92,674 | -€1.1m | -92.5% |
| Taxes | 450/3 | €1,237,177 | €92,674 | -€1.1m | -92.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Operating income | 70/76A | €162,546 | €167,817 | +€5,271 | +3.2% |
| Other operating income | 74 | €162,546 | €167,817 | +€5,271 | +3.2% |
| Operating charges | 60/66A | €72,968 | €46,648 | -€26,319 | -36.1% |
| Services and other goods | 61 | €53,574 | €39,848 | -€13,726 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,233 | €5,606 | -€12,626 | -69.3% |
| Other operating charges | 640/8 | €1,161 | €1,193 | +€33 | +2.8% |
| Operating profit (loss) | 9901 | €89,578 | €121,168 | +€31,590 | +35.3% |
| Financial income | 75/76B | €2,930,082 | €244,603 | -€2.7m | -91.7% |
| Recurring financial income | 75 | €2,930,082 | €244,603 | -€2.7m | -91.7% |
| Income from current assets | 751 | €2,844,952 | €162,453 | -€2.7m | -94.3% |
| Other financial income | 752/9 | €85,130 | €82,150 | -€2,980 | -3.5% |
| Financial charges | 65/66B | €2,242,270 | €628 | -€2.2m | -100.0% |
| Recurring financial charges | 65 | €460 | €628 | +€168 | +36.5% |
| Other financial charges | 652/9 | €460 | €628 | +€168 | +36.5% |
| Non-recurring financial charges | 66B | €2,241,810 | - | -€2.2m | |
| Profit (loss) for the period before taxes | 9903 | €777,390 | €365,143 | -€412,247 | -53.0% |
| Income taxes | 67/77 | €315,196 | -€113,282 | -€428,479 | |
| Taxes | 670/3 | €755,184 | €91,286 | -€663,898 | -87.9% |
| Tax adjustments and reversals of tax provisions | 77 | €439,987 | €204,568 | -€235,420 | -53.5% |
| Profit (loss) for the period | 9904 | €462,193 | €478,425 | +€16,232 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €462,193 | €478,425 | +€16,232 | +3.5% |
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 25 October 2026 via checked.be.