SL SERVICE: 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 SERVICE
Largest movements
- Cash +€12,675
up €12,675 (+7.7%), from €165,157 to €177,833
mainly Net result for the year (+€22,080) and Depreciation (+€11,302)
- Receivables within one year +€10,395
up €10,395 (+82.6%), from €12,578 to €22,972
- Tangible fixed assets -€7,362
down €7,362 (-17.7%), from €41,527 to €34,165
of which Furniture and vehicles: -€7,362
- Reserves +€22,080
up €22,080 (+14.2%), from €154,974 to €177,054
- Tax, wage and social debts -€9,400
down €9,400 (-28.7%), from €32,774 to €23,374
- Gross operating margin -€4,463
down €4,463 (-9.3%), from €47,954 to €43,491
- Depreciation -€3,012
down €3,012 (-21.0%), from €14,314 to €11,302
- Taxes -€683
down €683 (-7.2%), from €9,552 to €8,868
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 | €220,204 | €235,611 | +€15,408 | +7.0% |
| Fixed assets | 21/28 | €41,527 | €34,165 | -€7,362 | -17.7% |
| Tangible fixed assets | 22/27 | €41,527 | €34,165 | -€7,362 | -17.7% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €41,527 | €34,165 | -€7,362 | -17.7% |
| Current assets | 29/58 | €178,677 | €201,447 | +€22,770 | +12.7% |
| Stocks and contracts in progress | 3 | €756 | €642 | -€115 | -15.2% |
| Stocks | 30/36 | €756 | €642 | -€115 | -15.2% |
| Amounts receivable within one year | 40/41 | €12,578 | €22,972 | +€10,395 | +82.6% |
| Trade receivables | 40 | €12,578 | €22,972 | +€10,395 | +82.6% |
| Current investments | 50/53 | €186 | - | -€186 | |
| Cash at bank and in hand | 54/58 | €165,157 | €177,833 | +€12,675 | +7.7% |
| Total equity and liabilities | 10/49 | €220,204 | €235,611 | +€15,408 | +7.0% |
| Equity | 10/15 | €163,034 | €185,114 | +€22,080 | +13.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €154,974 | €177,054 | +€22,080 | +14.2% |
| Distributable reserves | 133 | €154,974 | €177,054 | +€22,080 | +14.2% |
| Amounts payable | 17/49 | €57,170 | €50,497 | -€6,673 | -11.7% |
| Amounts payable within one year | 42/48 | €57,170 | €50,497 | -€6,673 | -11.7% |
| Trade debts | 44 | €6,011 | €6,388 | +€377 | +6.3% |
| Suppliers | 440/4 | €6,011 | €6,388 | +€377 | +6.3% |
| Taxes, remuneration and social security | 45 | €32,774 | €23,374 | -€9,400 | -28.7% |
| Taxes | 450/3 | €32,774 | €23,374 | -€9,400 | -28.7% |
| Other amounts payable | 47/48 | €18,385 | €20,735 | +€2,350 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €11,302 | -€3,012 | -21.0% |
| Other operating charges | 640/8 | €877 | €931 | +€55 | +6.2% |
| Gross operating margin | 9900 | €47,954 | €43,491 | -€4,463 | -9.3% |
| Operating profit (loss) | 9901 | €32,764 | €31,258 | -€1,506 | -4.6% |
| Financial income | 75/76B | €9 | €10 | +€1 | +11.6% |
| Recurring financial income | 75 | €9 | €10 | +€1 | +11.6% |
| Financial charges | 65/66B | €338 | €319 | -€19 | -5.7% |
| Recurring financial charges | 65 | €338 | €319 | -€19 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €32,434 | €30,949 | -€1,486 | -4.6% |
| Income taxes | 67/77 | €9,552 | €8,868 | -€683 | -7.2% |
| Profit (loss) for the period | 9904 | €22,883 | €22,080 | -€802 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,883 | €22,080 | -€802 | -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.