Slaets Groep: 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 Groep
Largest movements
- Cash -€2.1m
down €2.1m (-66.6%), from €3.1m to €1.1m
mainly Current investments (-€1.1m) and Contributions, distributions and other (-€1.0m)
- Current investments +€1.1m
new in 2025: €1.1m
- Reserves -€493,282
down €493,282 (-13.4%), from €3.7m to €3.2m
of which Distributable reserves: -€497,026
- Contributions -€431,837
down €431,837 (-15.4%), from €2.8m to €2.4m
- Financial income -€2.6m
down €2.6m (-97.9%), from €2.7m to €57,220
of which Non-recurring financial income: -€2.6m
- Gross operating margin -€338,048
down €338,048 (-75.2%), from €449,328 to €111,280
- Staff costs -€266,555
down €266,555 (-91.6%), from €290,901 to €24,346
- Taxes -€27,902
down €27,902 (-53.6%), from €52,097 to €24,195
- Financial charges +€8,187
up €8,187 (+25.2%), from €32,427 to €40,613
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 | €7,574,037 | €6,624,347 | -€949,690 | -12.5% |
| Fixed assets | 21/28 | €4,085,945 | €4,093,521 | +€7,576 | +0.2% |
| Tangible fixed assets | 22/27 | - | €7,576 | +€7,576 | |
| Furniture and vehicles | 24 | - | €7,576 | +€7,576 | |
| Financial fixed assets | 28 | €4,085,945 | €4,085,945 | = | 0.0% |
| Current assets | 29/58 | €3,488,092 | €2,530,826 | -€957,266 | -27.4% |
| Amounts receivable within one year | 40/41 | €342,116 | €317,349 | -€24,767 | -7.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €342,116 | €317,349 | -€24,767 | -7.2% |
| Current investments | 50/53 | - | €1,145,313 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €3,141,710 | €1,050,632 | -€2.1m | -66.6% |
| Deferred charges and accrued income | 490/1 | €4,266 | €17,533 | +€13,267 | +311% |
| Total equity and liabilities | 10/49 | €7,574,037 | €6,624,347 | -€949,690 | -12.5% |
| Equity | 10/15 | €6,486,701 | €5,561,581 | -€925,119 | -14.3% |
| Contributions | 10/11 | €2,801,197 | €2,369,360 | -€431,837 | -15.4% |
| Capital | 10 | €2,801,197 | €2,369,360 | -€431,837 | -15.4% |
| Issued capital | 100 | €2,801,197 | €2,369,360 | -€431,837 | -15.4% |
| Reserves | 13 | €3,685,504 | €3,192,221 | -€493,282 | -13.4% |
| Non-distributable reserves | 130/1 | €184,444 | €188,188 | +€3,744 | +2.0% |
| Legal reserve | 130 | €184,444 | €188,188 | +€3,744 | +2.0% |
| Distributable reserves | 133 | €3,501,060 | €3,004,034 | -€497,026 | -14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,087,336 | €1,062,766 | -€24,570 | -2.3% |
| Amounts payable after more than one year | 17 | €943,867 | €926,612 | -€17,255 | -1.8% |
| Financial debts | 170/4 | €943,867 | €926,612 | -€17,255 | -1.8% |
| Amounts payable within one year | 42/48 | €143,469 | €136,153 | -€7,316 | -5.1% |
| Trade debts | 44 | €12,787 | €5,107 | -€7,680 | -60.1% |
| Suppliers | 440/4 | €12,787 | €5,107 | -€7,680 | -60.1% |
| Taxes, remuneration and social security | 45 | €95,418 | €74,236 | -€21,183 | -22.2% |
| Taxes | 450/3 | €71,669 | €68,012 | -€3,657 | -5.1% |
| Remuneration and social security | 454/9 | €23,749 | €6,224 | -€17,525 | -73.8% |
| Other amounts payable | 47/48 | €35,264 | €56,811 | +€21,547 | +61.1% |
| Non-recurring operating income | 76A | - | €34,289 | +€34,289 | |
| Remuneration, social security and pensions | 62 | €290,901 | €24,346 | -€266,555 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,208 | +€1,208 | |
| Other operating charges | 640/8 | €2,336 | €3,258 | +€922 | +39.5% |
| Gross operating margin | 9900 | €449,328 | €111,280 | -€338,048 | -75.2% |
| Operating profit (loss) | 9901 | €156,091 | €82,469 | -€73,622 | -47.2% |
| Financial income | 75/76B | €2,700,056 | €57,220 | -€2.6m | -97.9% |
| Recurring financial income | 75 | €61,003 | €57,220 | -€3,783 | -6.2% |
| Non-recurring financial income | 76B | €2,639,053 | €0 | -€2.6m | -100% |
| Financial charges | 65/66B | €32,427 | €40,613 | +€8,187 | +25.2% |
| Recurring financial charges | 65 | €32,427 | €40,613 | +€8,187 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €2,823,720 | €99,075 | -€2.7m | -96.5% |
| Income taxes | 67/77 | €52,097 | €24,195 | -€27,902 | -53.6% |
| Profit (loss) for the period | 9904 | €2,771,623 | €74,881 | -€2.7m | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,771,623 | €74,881 | -€2.7m | -97.3% |
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 18 October 2026 via checked.be.