SLABINCK: 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.
What changed
SLABINCK
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€164,922
2024 · -€309,411+€144,489
Equity
€4.3m
2024 · €4.5m-€164,922
Cash
€717,616
2024 · €659,034+€58,582
Balance sheet total
€9.6m
2024 · €9.8m-€200,788
Largest movements
Assets
- Receivables within one year -€769,346
down €769,346 (-17.2%), from €4.5m to €3.7m
of which Trade receivables: -€566,595
- Receivables after one year +€750,000
up €750,000 (+100.0%), from €750,000 to €1.5m
of which Trade receivables: +€750,000
- Tangible fixed assets -€459,489
down €459,489 (-20.2%), from €2.3m to €1.8m
of which Plant, machinery and equipment: -€259,174
- Stocks and contracts +€281,337
up €281,337 (+27.6%), from €1.0m to €1.3m
of which Stocks: +€622,714
Equity and liabilities
- Trade debts +€382,203
up €382,203 (+26.8%), from €1.4m to €1.8m
- Debts after one year -€366,339
down €366,339 (-25.0%), from €1.5m to €1.1m
- Short-term financial debts +€174,542
up €174,542 (+13.2%), from €1.3m to €1.5m
- Reserves -€164,922
down €164,922 (-4.2%), from €3.9m to €3.7m
of which Distributable reserves: -€164,922
- Current portion of long-term debt -€138,949
down €138,949 (-27.5%), from €505,288 to €366,339
Income statement
- Staff costs -€1.3m
down €1.3m (-33.8%), from €3.7m to €2.5m
- Turnover -€999,410
down €999,410 (-7.9%), from €12.6m to €11.6m
- Services and other goods -€319,330
down €319,330 (-11.9%), from €2.7m to €2.4m
- Goods and materials +€298,292
up €298,292 (+4.8%), from €6.2m to €6.5m
of which Purchases: +€216,932
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.
Result 2024
-€309,411
Turnover
-€999,410
Other operating income
-€62,147
Goods and materials
-€298,292
Services and other goods
+€319,330
Staff costs
+€1.3m
Depreciation
-€84,491
Write-downs
-€121,160
Other operating charges
+€18,196
Other operating items
+€151,075
Financial income
-€68,253
Financial charges
+€26,545
Taxes
+€3,020
Result 2025
-€164,922
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.
From operations
+€535,643
Investment
-€146,315
Financing
-€330,746
Cash 2024
€659,034
From operations (derived)
+€535,643
Net result for the year
-€164,922
Depreciation
+€643,094
Receivables after one year
-€750,000
Stocks and contracts
-€281,337
Receivables within one year
+€769,346
Deferred charges and accrued income
+€24,583
Trade debts
+€382,203
Tax, wage and social debts
-€108,714
Advances received
+€14,521
Other debts
+€1,856
Accrued charges and deferred income
+€5,014
Investment (derived)
-€146,315
Investment in fixed assets (net)
-€146,315
Financing
-€330,746
Debts after one year
-€366,339
Current portion of long-term debt
-€138,949
Short-term financial debts
+€174,542
Cash 2025
€717,616
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,822,039 | €9,621,251 | -€200,788 | -2.0% |
| Fixed assets | 21/28 | €2,839,089 | €2,342,310 | -€496,779 | -17.5% |
| Intangible fixed assets | 21 | €90,902 | €49,916 | -€40,986 | -45.1% |
| Tangible fixed assets | 22/27 | €2,277,393 | €1,817,904 | -€459,489 | -20.2% |
| Plant, machinery and equipment | 23 | €1,286,599 | €1,027,424 | -€259,174 | -20.1% |
| Furniture and vehicles | 24 | €135,298 | €78,339 | -€56,960 | -42.1% |
| Leasing and similar rights | 25 | €827,322 | €687,069 | -€140,253 | -17.0% |
| Other tangible fixed assets | 26 | €28,174 | €25,072 | -€3,102 | -11.0% |
| Financial fixed assets | 28 | €470,794 | €474,490 | +€3,696 | +0.8% |
| Affiliated companies | 280/1 | €398,000 | €401,696 | +€3,696 | +0.9% |
| Participating interests | 280 | €398,000 | €401,696 | +€3,696 | +0.9% |
| Other financial fixed assets | 284/8 | €72,794 | €72,794 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €72,794 | €72,794 | = | 0.0% |
| Current assets | 29/58 | €6,982,950 | €7,278,941 | +€295,991 | +4.2% |
| Amounts receivable after more than one year | 29 | €750,000 | €1,500,000 | +€750,000 | +100.0% |
| Trade receivables | 290 | - | €750,000 | +€750,000 | |
| Other amounts receivable | 291 | €750,000 | €750,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,018,401 | €1,299,739 | +€281,337 | +27.6% |
| Stocks | 30/36 | €677,025 | €1,299,739 | +€622,714 | +92.0% |
| Raw materials and consumables | 30/31 | €361,216 | €391,096 | +€29,880 | +8.3% |
| Work in progress | 32 | - | €449,541 | +€449,541 | |
| Finished goods | 33 | €315,809 | €459,101 | +€143,292 | +45.4% |
| Contracts in progress | 37 | €341,376 | - | -€341,376 | |
| Amounts receivable within one year | 40/41 | €4,479,870 | €3,710,524 | -€769,346 | -17.2% |
| Trade receivables | 40 | €4,244,301 | €3,677,705 | -€566,595 | -13.3% |
| Other amounts receivable | 41 | €235,570 | €32,819 | -€202,751 | -86.1% |
| Cash at bank and in hand | 54/58 | €659,034 | €717,616 | +€58,582 | +8.9% |
| Deferred charges and accrued income | 490/1 | €75,645 | €51,062 | -€24,583 | -32.5% |
| Total equity and liabilities | 10/49 | €9,822,039 | €9,621,251 | -€200,788 | -2.0% |
| Equity | 10/15 | €4,499,337 | €4,334,415 | -€164,922 | -3.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €3,899,337 | €3,734,415 | -€164,922 | -4.2% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,661 | €189,661 | = | 0.0% |
| Distributable reserves | 133 | €3,649,677 | €3,484,755 | -€164,922 | -4.5% |
| Amounts payable | 17/49 | €5,322,702 | €5,286,835 | -€35,866 | -0.7% |
| Amounts payable after more than one year | 17 | €1,465,501 | €1,099,162 | -€366,339 | -25.0% |
| Financial debts | 170/4 | €1,465,501 | €1,099,162 | -€366,339 | -25.0% |
| Leasing and similar obligations | 172 | €686,069 | €541,383 | -€144,685 | -21.1% |
| Credit institutions | 173 | €779,433 | €557,779 | -€221,654 | -28.4% |
| Amounts payable within one year | 42/48 | €3,833,232 | €4,158,691 | +€325,459 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €505,288 | €366,339 | -€138,949 | -27.5% |
| Financial debts | 43 | €1,325,458 | €1,500,000 | +€174,542 | +13.2% |
| Credit institutions | 430/8 | €1,325,458 | €1,500,000 | +€174,542 | +13.2% |
| Trade debts | 44 | €1,425,410 | €1,807,613 | +€382,203 | +26.8% |
| Suppliers | 440/4 | €1,425,410 | €1,807,613 | +€382,203 | +26.8% |
| Advances received on contracts in progress | 46 | €325 | €14,846 | +€14,521 | +4468.1% |
| Taxes, remuneration and social security | 45 | €576,751 | €468,037 | -€108,714 | -18.8% |
| Taxes | 450/3 | €118,993 | €163,552 | +€44,559 | +37.4% |
| Remuneration and social security | 454/9 | €457,759 | €304,485 | -€153,273 | -33.5% |
| Other amounts payable | 47/48 | - | €1,856 | +€1,856 | |
| Accrued charges and deferred income | 492/3 | €23,968 | €28,982 | +€5,014 | +20.9% |
| Operating income | 70/76A | €12,994,861 | €12,084,380 | -€910,482 | -7.0% |
| Turnover | 70 | €12,589,856 | €11,590,447 | -€999,410 | -7.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €191,392 | €337,624 | +€146,232 | +76.4% |
| Other operating income | 74 | €201,453 | €139,306 | -€62,147 | -30.8% |
| Non-recurring operating income | 76A | €12,160 | €17,003 | +€4,843 | +39.8% |
| Operating charges | 60/66A | €13,207,971 | €12,114,312 | -€1.1m | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €6,165,957 | €6,464,248 | +€298,292 | +4.8% |
| Purchases | 600/8 | €6,276,115 | €6,493,047 | +€216,932 | +3.5% |
| Change in stocks: decrease (increase) | 609 | -€110,158 | -€28,799 | +€81,359 | +73.9% |
| Services and other goods | 61 | €2,689,989 | €2,370,659 | -€319,330 | -11.9% |
| Remuneration, social security and pensions | 62 | €3,732,279 | €2,472,204 | -€1.3m | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558,603 | €643,094 | +€84,491 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,232 | €146,392 | +€121,160 | +480.2% |
| Other operating charges | 640/8 | €35,912 | €17,715 | -€18,196 | -50.7% |
| Operating profit (loss) | 9901 | -€213,110 | -€29,933 | +€183,177 | +86.0% |
| Financial income | 75/76B | €90,276 | €22,022 | -€68,253 | -75.6% |
| Recurring financial income | 75 | €90,276 | €22,022 | -€68,253 | -75.6% |
| Income from current assets | 751 | €25,775 | €21,926 | -€3,849 | -14.9% |
| Other financial income | 752/9 | €64,501 | €96 | -€64,404 | -99.9% |
| Financial charges | 65/66B | €183,465 | €156,920 | -€26,545 | -14.5% |
| Recurring financial charges | 65 | €183,465 | €156,920 | -€26,545 | -14.5% |
| Debt charges | 650 | €171,794 | €146,849 | -€24,944 | -14.5% |
| Other financial charges | 652/9 | €11,671 | €10,071 | -€1,600 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€306,299 | -€164,831 | +€141,469 | +46.2% |
| Income taxes | 67/77 | €3,111 | €91 | -€3,020 | -97.1% |
| Taxes | 670/3 | €3,925 | €1,698 | -€2,227 | -56.7% |
| Tax adjustments and reversals of tax provisions | 77 | €814 | €1,606 | +€793 | +97.5% |
| Profit (loss) for the period | 9904 | -€309,411 | -€164,922 | +€144,489 | +46.7% |
| Transfer to tax-exempt reserves | 689 | €150,493 | - | -€150,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€459,904 | -€164,922 | +€294,982 | +64.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.