SL PROJECT: 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 PROJECT
Largest movements
- Cash -€35,546
down €35,546 (-100.0%), from €35,547 to €1
mainly Trade debts (-€39,654) and Receivables within one year (-€25,499)
- Receivables within one year +€25,499
up €25,499 (+94.1%), from €27,099 to €52,598
of which Trade receivables: +€29,897
- Tangible fixed assets -€1,102
down €1,102 (-40.0%), from €2,755 to €1,653
- Trade debts -€39,654
down €39,654 (-73.2%), from €54,208 to €14,554
- Tax, wage and social debts +€12,947
up €12,947 (+1256.9%), from €1,030 to €13,977
- Other debts +€10,009
new in 2025: €10,009
- Profit (loss) carried forward +€5,550
up €5,550 (+56.4%), from -€9,837 to -€4,287
- Turnover +€221,637
up €221,637 (+860.7%), from €25,749 to €247,387
- Purchases and services +€159,228
up €159,228 (+192.7%), from €82,610 to €241,838
- Gross operating margin +€16,119
up €16,119, from -€9,210 to €6,909
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 | €65,401 | €54,252 | -€11,149 | -17.0% |
| Fixed assets | 21/28 | €2,755 | €1,653 | -€1,102 | -40.0% |
| Tangible fixed assets | 22/27 | €2,755 | €1,653 | -€1,102 | -40.0% |
| Furniture and vehicles | 24 | €2,755 | €1,653 | -€1,102 | -40.0% |
| Current assets | 29/58 | €62,646 | €52,599 | -€10,047 | -16.0% |
| Amounts receivable within one year | 40/41 | €27,099 | €52,598 | +€25,499 | +94.1% |
| Trade receivables | 40 | €2,307 | €32,203 | +€29,897 | +1296.1% |
| Other amounts receivable | 41 | €24,793 | €20,395 | -€4,398 | -17.7% |
| Cash at bank and in hand | 54/58 | €35,547 | €1 | -€35,546 | -100.0% |
| Total equity and liabilities | 10/49 | €65,401 | €54,252 | -€11,149 | -17.0% |
| Equity | 10/15 | €10,163 | €15,713 | +€5,550 | +54.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,837 | -€4,287 | +€5,550 | +56.4% |
| Amounts payable | 17/49 | €55,238 | €38,539 | -€16,699 | -30.2% |
| Amounts payable within one year | 42/48 | €55,238 | €38,539 | -€16,699 | -30.2% |
| Trade debts | 44 | €54,208 | €14,554 | -€39,654 | -73.2% |
| Suppliers | 440/4 | €54,208 | €14,554 | -€39,654 | -73.2% |
| Taxes, remuneration and social security | 45 | €1,030 | €13,977 | +€12,947 | +1256.9% |
| Taxes | 450/3 | €1,030 | €13,977 | +€12,947 | +1256.9% |
| Other amounts payable | 47/48 | - | €10,009 | +€10,009 | |
| Turnover | 70 | €25,749 | €247,387 | +€221,637 | +860.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,610 | €241,838 | +€159,228 | +192.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €1,102 | +€551 | +100.0% |
| Other operating charges | 640/8 | - | €90 | +€90 | |
| Gross operating margin | 9900 | -€9,210 | €6,909 | +€16,119 | |
| Operating profit (loss) | 9901 | -€9,761 | €5,717 | +€15,478 | |
| Financial charges | 65/66B | €75 | €167 | +€92 | +122.1% |
| Recurring financial charges | 65 | €75 | €167 | +€92 | +122.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,837 | €5,550 | +€15,386 | |
| Profit (loss) for the period | 9904 | -€9,837 | €5,550 | +€15,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,837 | €5,550 | +€15,386 |
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 1 October 2026 via checked.be.