SL-Roads: 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-Roads
Largest movements
- Receivables within one year +€16,091
up €16,091 (+24.6%), from €65,351 to €81,442
of which Other amounts receivable: +€29,854
- Cash -€14,446
down €14,446 (-5.7%), from €252,114 to €237,668
mainly Contributions, distributions and other (-€104,835) and Receivables within one year (-€16,091)
- Tangible fixed assets -€12,161
down €12,161 (-66.7%), from €18,235 to €6,075
of which Furniture and vehicles: -€11,702
- Other debts +€53,061
up €53,061, from €0 to €53,061
- Reserves -€51,774
down €51,774 (-30.9%), from €167,666 to €115,892
- Current portion of long-term debt -€6,353
down €6,353 (-100.0%), from €6,353 to €0
- Gross operating margin +€18,646
up €18,646 (+29.1%), from €63,970 to €82,615
- Taxes +€7,049
up €7,049 (+62.8%), from €11,227 to €18,276
- Financial income -€1,546
down €1,546 (-50.5%), from €3,063 to €1,517
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 | €337,060 | €326,452 | -€10,607 | -3.1% |
| Fixed assets | 21/28 | €18,235 | €6,075 | -€12,161 | -66.7% |
| Tangible fixed assets | 22/27 | €18,235 | €6,075 | -€12,161 | -66.7% |
| Plant, machinery and equipment | 23 | €1,376 | €917 | -€459 | -33.3% |
| Furniture and vehicles | 24 | €16,859 | €5,158 | -€11,702 | -69.4% |
| Current assets | 29/58 | €318,824 | €320,377 | +€1,553 | +0.5% |
| Amounts receivable within one year | 40/41 | €65,351 | €81,442 | +€16,091 | +24.6% |
| Trade receivables | 40 | €49,704 | €35,941 | -€13,763 | -27.7% |
| Other amounts receivable | 41 | €15,646 | €45,500 | +€29,854 | +190.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €252,114 | €237,668 | -€14,446 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,359 | €1,268 | -€92 | -6.7% |
| Total equity and liabilities | 10/49 | €337,060 | €326,452 | -€10,607 | -3.1% |
| Equity | 10/15 | €292,253 | €240,479 | -€51,774 | -17.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €167,666 | €115,892 | -€51,774 | -30.9% |
| Distributable reserves | 133 | €167,666 | €115,892 | -€51,774 | -30.9% |
| Profit (loss) carried forward | 14 | €106,037 | €106,037 | = | 0.0% |
| Amounts payable | 17/49 | €44,806 | €85,973 | +€41,167 | +91.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,790 | €85,973 | +€41,183 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €6,353 | €0 | -€6,353 | -100.0% |
| Trade debts | 44 | €26,612 | €24,216 | -€2,396 | -9.0% |
| Suppliers | 440/4 | €26,612 | €24,216 | -€2,396 | -9.0% |
| Taxes, remuneration and social security | 45 | €11,825 | €8,696 | -€3,129 | -26.5% |
| Taxes | 450/3 | €8,347 | €8,696 | +€349 | +4.2% |
| Remuneration and social security | 454/9 | €3,477 | €0 | -€3,477 | -100.0% |
| Other amounts payable | 47/48 | €0 | €53,061 | +€53,061 | |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,161 | €12,161 | = | 0.0% |
| Other operating charges | 640/8 | €404 | €542 | +€138 | +34.1% |
| Gross operating margin | 9900 | €63,970 | €82,615 | +€18,646 | +29.1% |
| Operating profit (loss) | 9901 | €51,405 | €69,912 | +€18,507 | +36.0% |
| Financial income | 75/76B | €3,063 | €1,517 | -€1,546 | -50.5% |
| Recurring financial income | 75 | €3,063 | €1,517 | -€1,546 | -50.5% |
| Financial charges | 65/66B | €154 | €92 | -€62 | -40.1% |
| Recurring financial charges | 65 | €154 | €92 | -€62 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €54,314 | €71,337 | +€17,023 | +31.3% |
| Income taxes | 67/77 | €11,227 | €18,276 | +€7,049 | +62.8% |
| Profit (loss) for the period | 9904 | €43,087 | €53,061 | +€9,974 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,087 | €53,061 | +€9,974 | +23.1% |
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.