SLABBAERT MC: 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.
SLABBAERT MC
Largest movements
- Current investments +€47,510
up €47,510 (+49.2%), from €96,559 to €144,069
- Tangible fixed assets -€7,499
down €7,499 (-7.9%), from €94,669 to €87,170
of which Land and buildings: -€4,450
- Receivables within one year -€5,547
down €5,547 (-65.4%), from €8,482 to €2,935
- Cash -€4,078
down €4,078 (-11.4%), from €35,689 to €31,611
mainly Current investments (-€47,510) and Contributions, distributions and other (-€19,081)
- Reserves +€28,082
up €28,082 (+13.3%), from €211,404 to €239,486
of which Distributable reserves: +€28,082
- Other debts +€7,947
up €7,947 (+69.0%), from €11,520 to €19,468
- Debts after one year -€7,375
down €7,375 (-11.2%), from €66,082 to €58,707
- Financial income +€16,421
up €16,421 (+54.1%), from €30,367 to €46,788
- Taxes +€5,023
up €5,023 (+96.5%), from €5,204 to €10,227
- Depreciation -€869
down €869 (-10.4%), from €8,368 to €7,499
- Gross operating margin -€472
down €472 (-2.1%), from €22,039 to €21,567
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 | €316,995 | €347,381 | +€30,386 | +9.6% |
| Fixed assets | 21/28 | €176,041 | €168,542 | -€7,499 | -4.3% |
| Tangible fixed assets | 22/27 | €94,669 | €87,170 | -€7,499 | -7.9% |
| Land and buildings | 22 | €88,179 | €83,729 | -€4,450 | -5.0% |
| Plant, machinery and equipment | 23 | €2,496 | €907 | -€1,588 | -63.7% |
| Furniture and vehicles | 24 | €3,994 | €2,534 | -€1,460 | -36.6% |
| Financial fixed assets | 28 | €81,373 | €81,373 | = | 0.0% |
| Current assets | 29/58 | €140,954 | €178,839 | +€37,885 | +26.9% |
| Amounts receivable within one year | 40/41 | €8,482 | €2,935 | -€5,547 | -65.4% |
| Other amounts receivable | 41 | €8,482 | €2,935 | -€5,547 | -65.4% |
| Current investments | 50/53 | €96,559 | €144,069 | +€47,510 | +49.2% |
| Cash at bank and in hand | 54/58 | €35,689 | €31,611 | -€4,078 | -11.4% |
| Deferred charges and accrued income | 490/1 | €225 | €225 | = | 0.0% |
| Total equity and liabilities | 10/49 | €316,995 | €347,381 | +€30,386 | +9.6% |
| Equity | 10/15 | €223,804 | €251,886 | +€28,082 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €211,404 | €239,486 | +€28,082 | +13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €211,404 | €239,486 | +€28,082 | +13.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,191 | €95,495 | +€2,304 | +2.5% |
| Amounts payable after more than one year | 17 | €66,082 | €58,707 | -€7,375 | -11.2% |
| Financial debts | 170/4 | €66,082 | €58,707 | -€7,375 | -11.2% |
| Amounts payable within one year | 42/48 | €24,409 | €34,088 | +€9,679 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €7,122 | €7,375 | +€253 | +3.6% |
| Trade debts | 44 | €715 | €912 | +€198 | +27.6% |
| Suppliers | 440/4 | €715 | €912 | +€198 | +27.6% |
| Taxes, remuneration and social security | 45 | €5,052 | €6,333 | +€1,281 | +25.4% |
| Taxes | 450/3 | €5,052 | €6,333 | +€1,281 | +25.4% |
| Other amounts payable | 47/48 | €11,520 | €19,468 | +€7,947 | +69.0% |
| Accrued charges and deferred income | 492/3 | €2,700 | €2,700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,368 | €7,499 | -€869 | -10.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €22,039 | €21,567 | -€472 | -2.1% |
| Operating profit (loss) | 9901 | €13,166 | €13,548 | +€383 | +2.9% |
| Financial income | 75/76B | €30,367 | €46,788 | +€16,421 | +54.1% |
| Recurring financial income | 75 | €30,367 | €46,788 | +€16,421 | +54.1% |
| Financial charges | 65/66B | €2,866 | €2,946 | +€80 | +2.8% |
| Recurring financial charges | 65 | €2,866 | €2,946 | +€80 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €40,667 | €57,390 | +€16,724 | +41.1% |
| Income taxes | 67/77 | €5,204 | €10,227 | +€5,023 | +96.5% |
| Profit (loss) for the period | 9904 | €35,463 | €47,163 | +€11,701 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,463 | €47,163 | +€11,701 | +33.0% |
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 11 October 2026 via checked.be.