Slaets Arne: 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.
Slaets Arne
Largest movements
- Receivables within one year +€35,903
up €35,903 (+493%), from €7,277 to €43,180
of which Trade receivables: +€40,056
- Cash -€2,589
no longer reported in 2025 (was €2,589)
mainly Receivables within one year (-€35,903) and Investment in fixed assets (net) (-€14,000)
- Deferred charges and accrued income -€2,002
no longer reported in 2025 (was €2,002)
- Tangible fixed assets -€1,202
down €1,202 (-2.5%), from €47,488 to €46,286
of which Furniture and vehicles: -€11,621
- Other debts +€20,000
up €20,000 (+433%), from €4,614 to €24,614
- Tax, wage and social debts +€18,678
up €18,678 (+255%), from €7,332 to €26,010
of which Remuneration and social security: +€16,805
- Debts after one year -€8,841
down €8,841 (-33.0%), from €26,813 to €17,971
- Trade debts -€2,024
down €2,024 (-67.6%), from €2,996 to €972
- Reserves +€1,288
up €1,288 (+15.9%), from €8,107 to €9,395
- Depreciation +€13,482
up €13,482 (+784%), from €1,720 to €15,202
- Gross operating margin +€11,169
up €11,169 (+135%), from €8,302 to €19,471
- Staff costs -€1,023
no longer reported in 2025 (was €1,023)
- Financial charges +€924
up €924 (+212%), from €436 to €1,361
- Other operating charges +€385
new in 2025: €385
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 | €59,356 | €89,465 | +€30,110 | +50.7% |
| Fixed assets | 21/28 | €47,488 | €46,286 | -€1,202 | -2.5% |
| Tangible fixed assets | 22/27 | €47,488 | €46,286 | -€1,202 | -2.5% |
| Plant, machinery and equipment | 23 | €2,370 | €12,789 | +€10,419 | +440% |
| Furniture and vehicles | 24 | €45,118 | €33,497 | -€11,621 | -25.8% |
| Current assets | 29/58 | €11,868 | €43,180 | +€31,312 | +264% |
| Amounts receivable within one year | 40/41 | €7,277 | €43,180 | +€35,903 | +493% |
| Trade receivables | 40 | €2,167 | €42,223 | +€40,056 | +1,849% |
| Other amounts receivable | 41 | €5,110 | €957 | -€4,153 | -81.3% |
| Cash at bank and in hand | 54/58 | €2,589 | - | -€2,589 | |
| Deferred charges and accrued income | 490/1 | €2,002 | - | -€2,002 | |
| Total equity and liabilities | 10/49 | €59,356 | €89,465 | +€30,110 | +50.7% |
| Equity | 10/15 | €9,107 | €10,395 | +€1,288 | +14.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,107 | €9,395 | +€1,288 | +15.9% |
| Distributable reserves | 133 | €8,107 | €9,395 | +€1,288 | +15.9% |
| Amounts payable | 17/49 | €50,248 | €79,070 | +€28,822 | +57.4% |
| Amounts payable after more than one year | 17 | €26,813 | €17,971 | -€8,841 | -33.0% |
| Financial debts | 170/4 | €26,813 | €17,971 | -€8,841 | -33.0% |
| Amounts payable within one year | 42/48 | €23,436 | €61,099 | +€37,663 | +161% |
| Financial debts | 43 | €8,493 | €9,503 | +€1,009 | +11.9% |
| Credit institutions | 430/8 | €8,493 | €9,503 | +€1,009 | +11.9% |
| Trade debts | 44 | €2,996 | €972 | -€2,024 | -67.6% |
| Suppliers | 440/4 | €2,996 | €972 | -€2,024 | -67.6% |
| Taxes, remuneration and social security | 45 | €7,332 | €26,010 | +€18,678 | +255% |
| Taxes | 450/3 | €1,032 | €2,905 | +€1,873 | +182% |
| Remuneration and social security | 454/9 | €6,300 | €23,105 | +€16,805 | +267% |
| Other amounts payable | 47/48 | €4,614 | €24,614 | +€20,000 | +433% |
| Remuneration, social security and pensions | 62 | €1,023 | - | -€1,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €15,202 | +€13,482 | +784% |
| Other operating charges | 640/8 | - | €385 | +€385 | |
| Gross operating margin | 9900 | €8,302 | €19,471 | +€11,169 | +135% |
| Operating profit (loss) | 9901 | €5,560 | €3,884 | -€1,676 | -30.1% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €436 | €1,361 | +€924 | +212% |
| Recurring financial charges | 65 | €436 | €1,361 | +€924 | +212% |
| Profit (loss) for the period before taxes | 9903 | €5,159 | €2,523 | -€2,635 | -51.1% |
| Income taxes | 67/77 | €1,032 | €1,235 | +€204 | +19.7% |
| Profit (loss) for the period | 9904 | €4,127 | €1,288 | -€2,839 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,127 | €1,288 | -€2,839 | -68.8% |
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 14 October 2026 via checked.be.