SLAETS JOZEF: 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 JOZEF
Largest movements
- Receivables within one year -€95,917
down €95,917 (-21.7%), from €441,570 to €345,654
of which Trade receivables: -€58,178
- Tangible fixed assets -€83,682
down €83,682 (-27.2%), from €307,463 to €223,782
of which Furniture and vehicles: -€54,649
- Cash -€56,921
down €56,921 (-96.3%), from €59,095 to €2,175
mainly Trade debts (-€113,904) and Debts after one year (-€53,296)
- Stocks and contracts +€52,500
new in 2025: €52,500
- Trade debts -€113,904
down €113,904 (-49.9%), from €228,105 to €114,202
- Debts after one year -€53,296
down €53,296 (-42.9%), from €124,262 to €70,967
- Tax, wage and social debts -€15,002
down €15,002 (-17.3%), from €86,778 to €71,776
of which Taxes: -€39,422
- Gross operating margin -€75,650
down €75,650 (-31.3%), from €241,823 to €166,172
- Taxes -€16,091
down €16,091 (-76.0%), from €21,171 to €5,080
- Depreciation +€7,676
up €7,676 (+11.9%), from €64,378 to €72,054
- Staff costs +€7,121
up €7,121 (+11.5%), from €61,955 to €69,076
- Other operating charges -€3,998
down €3,998 (-42.0%), from €9,526 to €5,527
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 | €840,831 | €662,358 | -€178,473 | -21.2% |
| Fixed assets | 21/28 | €314,046 | €230,364 | -€83,682 | -26.6% |
| Tangible fixed assets | 22/27 | €307,463 | €223,782 | -€83,682 | -27.2% |
| Plant, machinery and equipment | 23 | €97,002 | €72,553 | -€24,449 | -25.2% |
| Furniture and vehicles | 24 | €197,576 | €142,927 | -€54,649 | -27.7% |
| Leasing and similar rights | 25 | €12,885 | €8,302 | -€4,583 | -35.6% |
| Financial fixed assets | 28 | €6,582 | €6,582 | = | 0.0% |
| Current assets | 29/58 | €526,785 | €431,994 | -€94,791 | -18.0% |
| Stocks and contracts in progress | 3 | - | €52,500 | +€52,500 | |
| Stocks | 30/36 | - | €52,500 | +€52,500 | |
| Amounts receivable within one year | 40/41 | €441,570 | €345,654 | -€95,917 | -21.7% |
| Trade receivables | 40 | €402,608 | €344,431 | -€58,178 | -14.5% |
| Other amounts receivable | 41 | €38,962 | €1,223 | -€37,739 | -96.9% |
| Cash at bank and in hand | 54/58 | €59,095 | €2,175 | -€56,921 | -96.3% |
| Deferred charges and accrued income | 490/1 | €26,120 | €31,666 | +€5,546 | +21.2% |
| Total equity and liabilities | 10/49 | €840,831 | €662,358 | -€178,473 | -21.2% |
| Equity | 10/15 | €263,033 | €266,346 | +€3,313 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €244,483 | €247,796 | +€3,313 | +1.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €242,628 | €245,941 | +€3,313 | +1.4% |
| Amounts payable | 17/49 | €577,798 | €396,012 | -€181,785 | -31.5% |
| Amounts payable after more than one year | 17 | €124,262 | €70,967 | -€53,296 | -42.9% |
| Financial debts | 170/4 | €124,262 | €70,967 | -€53,296 | -42.9% |
| Amounts payable within one year | 42/48 | €452,616 | €324,126 | -€128,490 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €47,877 | €49,173 | +€1,297 | +2.7% |
| Trade debts | 44 | €228,105 | €114,202 | -€113,904 | -49.9% |
| Suppliers | 440/4 | €228,105 | €114,202 | -€113,904 | -49.9% |
| Taxes, remuneration and social security | 45 | €86,778 | €71,776 | -€15,002 | -17.3% |
| Taxes | 450/3 | €79,049 | €39,627 | -€39,422 | -49.9% |
| Remuneration and social security | 454/9 | €7,729 | €32,149 | +€24,419 | +316% |
| Other amounts payable | 47/48 | €89,856 | €88,975 | -€881 | -1.0% |
| Accrued charges and deferred income | 492/3 | €920 | €920 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,955 | €69,076 | +€7,121 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,378 | €72,054 | +€7,676 | +11.9% |
| Other operating charges | 640/8 | €9,526 | €5,527 | -€3,998 | -42.0% |
| Non-recurring operating charges | 66A | €32,088 | - | -€32,088 | |
| Gross operating margin | 9900 | €241,823 | €166,172 | -€75,650 | -31.3% |
| Operating profit (loss) | 9901 | €73,875 | €19,515 | -€54,360 | -73.6% |
| Financial income | 75/76B | €17 | €70 | +€54 | +323% |
| Recurring financial income | 75 | €17 | €70 | +€54 | +323% |
| Financial charges | 65/66B | €10,016 | €11,192 | +€1,177 | +11.7% |
| Recurring financial charges | 65 | €10,016 | €11,192 | +€1,177 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €63,876 | €8,393 | -€55,483 | -86.9% |
| Income taxes | 67/77 | €21,171 | €5,080 | -€16,091 | -76.0% |
| Profit (loss) for the period | 9904 | €42,705 | €3,313 | -€39,392 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,705 | €3,313 | -€39,392 | -92.2% |
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.