SL PRODUCTS: 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 PRODUCTS
Largest movements
- Tangible fixed assets -€12,896
down €12,896 (-5.7%), from €225,093 to €212,197
of which Land and buildings: -€12,052
- Cash -€11,744
down €11,744 (-46.5%), from €25,252 to €13,509
mainly Contributions, distributions and other (-€55,078) and Debts after one year (-€17,654)
- Debts after one year -€17,654
down €17,654 (-34.8%), from €50,678 to €33,024
- Short-term financial debts -€10,201
down €10,201 (-36.6%), from €27,870 to €17,669
- Gross operating margin -€4,565
down €4,565 (-4.4%), from €103,275 to €98,710
- Financial charges -€2,127
down €2,127 (-41.5%), from €5,121 to €2,994
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 | €538,585 | €508,014 | -€30,571 | -5.7% |
| Fixed assets | 21/28 | €225,093 | €212,197 | -€12,896 | -5.7% |
| Tangible fixed assets | 22/27 | €225,093 | €212,197 | -€12,896 | -5.7% |
| Land and buildings | 22 | €221,570 | €209,519 | -€12,052 | -5.4% |
| Plant, machinery and equipment | 23 | €3,523 | €2,679 | -€844 | -24.0% |
| Current assets | 29/58 | €313,492 | €295,817 | -€17,675 | -5.6% |
| Stocks and contracts in progress | 3 | €63,429 | €61,658 | -€1,771 | -2.8% |
| Stocks | 30/36 | €63,429 | €61,658 | -€1,771 | -2.8% |
| Amounts receivable within one year | 40/41 | €221,778 | €217,586 | -€4,192 | -1.9% |
| Trade receivables | 40 | €13,213 | €28,177 | +€14,963 | +113% |
| Other amounts receivable | 41 | €208,565 | €189,410 | -€19,156 | -9.2% |
| Current investments | 50/53 | €3,032 | €3,064 | +€32 | +1.1% |
| Cash at bank and in hand | 54/58 | €25,252 | €13,509 | -€11,744 | -46.5% |
| Total equity and liabilities | 10/49 | €538,585 | €508,014 | -€30,571 | -5.7% |
| Equity | 10/15 | €431,255 | €431,313 | +€57 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €412,655 | €412,713 | +€57 | 0.0% |
| Distributable reserves | 133 | €412,655 | €412,713 | +€57 | 0.0% |
| Amounts payable | 17/49 | €107,330 | €76,702 | -€30,628 | -28.5% |
| Amounts payable after more than one year | 17 | €50,678 | €33,024 | -€17,654 | -34.8% |
| Financial debts | 170/4 | €50,678 | €33,024 | -€17,654 | -34.8% |
| Amounts payable within one year | 42/48 | €56,652 | €43,677 | -€12,974 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €17,405 | €17,654 | +€249 | +1.4% |
| Financial debts | 43 | €27,870 | €17,669 | -€10,201 | -36.6% |
| Credit institutions | 430/8 | €27,870 | €17,669 | -€10,201 | -36.6% |
| Trade debts | 44 | €874 | €238 | -€636 | -72.8% |
| Suppliers | 440/4 | €874 | €238 | -€636 | -72.8% |
| Taxes, remuneration and social security | 45 | €9,670 | €7,283 | -€2,387 | -24.7% |
| Taxes | 450/3 | €9,670 | €7,283 | -€2,387 | -24.7% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,896 | €12,896 | = | 0.0% |
| Other operating charges | 640/8 | €2,455 | €2,539 | +€83 | +3.4% |
| Gross operating margin | 9900 | €103,275 | €98,710 | -€4,565 | -4.4% |
| Operating profit (loss) | 9901 | €87,924 | €83,275 | -€4,649 | -5.3% |
| Financial income | 75/76B | €554 | €459 | -€95 | -17.2% |
| Recurring financial income | 75 | €554 | €459 | -€95 | -17.2% |
| Financial charges | 65/66B | €5,121 | €2,994 | -€2,127 | -41.5% |
| Recurring financial charges | 65 | €5,121 | €2,994 | -€2,127 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €83,357 | €80,740 | -€2,617 | -3.1% |
| Income taxes | 67/77 | €26,442 | €25,604 | -€838 | -3.2% |
| Profit (loss) for the period | 9904 | €56,915 | €55,136 | -€1,779 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,915 | €55,136 | -€1,779 | -3.1% |
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 17 October 2026 via checked.be.