SL PROPERTY: 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 PROPERTY
Largest movements
- Cash +€19,630
up €19,630 (+134.3%), from €14,621 to €34,251
mainly Net result for the year (+€15,169) and Depreciation (+€14,007)
- Tangible fixed assets -€14,007
down €14,007 (-3.8%), from €370,391 to €356,384
- Debts after one year -€20,463
down €20,463 (-5.8%), from €355,207 to €334,743
- Profit (loss) carried forward +€15,169
up €15,169, from -€8,154 to €7,015
- Other debts +€7,500
new in 2025: €7,500
- Current portion of long-term debt +€5,670
up €5,670 (+38.3%), from €14,793 to €20,463
- Accrued charges and deferred income -€5,363
no longer reported in 2025 (was €5,363)
- Gross operating margin -€12,841
down €12,841 (-22.1%), from €58,081 to €45,240
- Depreciation +€3,495
up €3,495 (+33.2%), from €10,512 to €14,007
- Taxes +€1,754
new in 2025: €1,754
- Other operating charges -€1,610
down €1,610 (-40.8%), from €3,948 to €2,338
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 | €385,209 | €390,777 | +€5,569 | +1.4% |
| Fixed assets | 21/28 | €370,391 | €356,384 | -€14,007 | -3.8% |
| Tangible fixed assets | 22/27 | €370,391 | €356,384 | -€14,007 | -3.8% |
| Land and buildings | 22 | €370,391 | €356,384 | -€14,007 | -3.8% |
| Current assets | 29/58 | €14,817 | €34,393 | +€19,576 | +132.1% |
| Amounts receivable within one year | 40/41 | - | €143 | +€143 | |
| Trade receivables | 40 | - | €143 | +€143 | |
| Cash at bank and in hand | 54/58 | €14,621 | €34,251 | +€19,630 | +134.3% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €385,209 | €390,777 | +€5,569 | +1.4% |
| Equity | 10/15 | €9,846 | €25,015 | +€15,169 | +154.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,154 | €7,015 | +€15,169 | |
| Amounts payable | 17/49 | €375,363 | €365,762 | -€9,600 | -2.6% |
| Amounts payable after more than one year | 17 | €355,207 | €334,743 | -€20,463 | -5.8% |
| Financial debts | 170/4 | €355,207 | €334,743 | -€20,463 | -5.8% |
| Amounts payable within one year | 42/48 | €14,793 | €31,019 | +€16,226 | +109.7% |
| Current portion of amounts payable after more than one year | 42 | €14,793 | €20,463 | +€5,670 | +38.3% |
| Trade debts | 44 | - | €1,302 | +€1,302 | |
| Suppliers | 440/4 | - | €1,302 | +€1,302 | |
| Taxes, remuneration and social security | 45 | - | €1,754 | +€1,754 | |
| Taxes | 450/3 | - | €1,754 | +€1,754 | |
| Other amounts payable | 47/48 | - | €7,500 | +€7,500 | |
| Accrued charges and deferred income | 492/3 | €5,363 | - | -€5,363 | |
| Non-recurring operating income | 76A | €65,729 | - | -€65,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,512 | €14,007 | +€3,495 | +33.2% |
| Other operating charges | 640/8 | €3,948 | €2,338 | -€1,610 | -40.8% |
| Non-recurring operating charges | 66A | €40,285 | - | -€40,285 | |
| Gross operating margin | 9900 | €58,081 | €45,240 | -€12,841 | -22.1% |
| Operating profit (loss) | 9901 | €3,336 | €28,895 | +€25,559 | +766.2% |
| Financial charges | 65/66B | €11,490 | €11,972 | +€483 | +4.2% |
| Recurring financial charges | 65 | €11,490 | €11,972 | +€483 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,154 | €16,923 | +€25,076 | |
| Income taxes | 67/77 | - | €1,754 | +€1,754 | |
| Profit (loss) for the period | 9904 | -€8,154 | €15,169 | +€23,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,154 | €15,169 | +€23,323 |
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 8 October 2026 via checked.be.