SLAGMOLEN: 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
SLAGMOLEN
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€31,868
2024 · €102,730-€70,863
Equity
€1.0m
2024 · €1.2m-€198,133
Cash
€55,604
2024 · €47,836+€7,768
Balance sheet total
€3.0m
2024 · €3.3m-€308,830
Largest movements
Assets
- Tangible fixed assets -€260,618
down €260,618 (-9.0%), from €2.9m to €2.6m
of which Land and buildings: -€192,926
- Receivables after one year -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year +€139,069
up €139,069 (+104%), from €133,268 to €272,337
of which Other amounts receivable: +€139,020
Equity and liabilities
- Debts after one year -€248,050
down €248,050 (-14.9%), from €1.7m to €1.4m
- Reserves -€198,133
down €198,133 (-19.0%), from €1.0m to €846,940
of which Distributable reserves: -€198,133
- Other debts +€153,103
up €153,103 (+201%), from €76,239 to €229,341
Income statement
- Gross operating margin -€113,092
down €113,092 (-24.5%), from €461,864 to €348,772
- Depreciation -€35,561
down €35,561 (-11.5%), from €308,207 to €272,646
- Financial charges -€8,896
down €8,896 (-25.3%), from €35,175 to €26,279
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
€102,730
Gross operating margin
-€113,092
Depreciation
+€35,561
Other operating charges
-€80
Financial income
+€703
Financial charges
+€8,896
Taxes
-€2,850
Result 2025
€31,868
raises the resultlowers the result
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.
From operations
+€494,166
Investment
-€12,029
Financing
-€474,370
Cash 2024
€47,836
From operations (derived)
+€494,166
Net result for the year
+€31,868
Depreciation
+€272,646
Receivables after one year
+€200,000
Receivables within one year
-€139,069
Deferred charges and accrued income
-€4,952
Trade debts
-€4,024
Tax, wage and social debts
-€15,406
Other debts
+€153,103
Investment (derived)
-€12,029
Investment in fixed assets (net)
-€12,029
Financing
-€474,370
Debts after one year
-€248,050
Current portion of long-term debt
+€3,680
Contributions, distributions and other
-€230,000
Cash 2025
€55,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,274,897 | €2,966,067 | -€308,830 | -9.4% |
| Fixed assets | 21/28 | €2,890,602 | €2,629,985 | -€260,618 | -9.0% |
| Tangible fixed assets | 22/27 | €2,890,602 | €2,629,985 | -€260,618 | -9.0% |
| Land and buildings | 22 | €2,410,127 | €2,217,201 | -€192,926 | -8.0% |
| Plant, machinery and equipment | 23 | €361,375 | €315,550 | -€45,826 | -12.7% |
| Furniture and vehicles | 24 | €119,100 | €97,234 | -€21,866 | -18.4% |
| Current assets | 29/58 | €384,294 | €336,083 | -€48,212 | -12.5% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100% |
| Amounts receivable within one year | 40/41 | €133,268 | €272,337 | +€139,069 | +104% |
| Trade receivables | 40 | - | €48 | +€48 | |
| Other amounts receivable | 41 | €133,268 | €272,288 | +€139,020 | +104% |
| Cash at bank and in hand | 54/58 | €47,836 | €55,604 | +€7,768 | +16.2% |
| Deferred charges and accrued income | 490/1 | €3,190 | €8,142 | +€4,952 | +155% |
| Total equity and liabilities | 10/49 | €3,274,897 | €2,966,067 | -€308,830 | -9.4% |
| Equity | 10/15 | €1,245,072 | €1,046,940 | -€198,133 | -15.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,045,072 | €846,940 | -€198,133 | -19.0% |
| Non-distributable reserves | 130/1 | €28,609 | €28,609 | = | 0.0% |
| Legal reserve | 130 | €28,609 | €28,609 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €1,012,964 | €814,831 | -€198,133 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €15,033 | €15,033 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,033 | €15,033 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,033 | €15,033 | = | 0.0% |
| Amounts payable | 17/49 | €2,014,791 | €1,904,094 | -€110,697 | -5.5% |
| Amounts payable after more than one year | 17 | €1,662,950 | €1,414,899 | -€248,050 | -14.9% |
| Financial debts | 170/4 | €1,662,950 | €1,414,899 | -€248,050 | -14.9% |
| Amounts payable within one year | 42/48 | €351,842 | €489,195 | +€137,353 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €244,370 | €248,050 | +€3,680 | +1.5% |
| Trade debts | 44 | €4,024 | €0 | -€4,024 | -100% |
| Suppliers | 440/4 | €4,024 | €0 | -€4,024 | -100% |
| Taxes, remuneration and social security | 45 | €27,209 | €11,804 | -€15,406 | -56.6% |
| Taxes | 450/3 | €1,032 | €11,804 | +€10,772 | +1,044% |
| Remuneration and social security | 454/9 | €26,178 | €0 | -€26,178 | -100% |
| Other amounts payable | 47/48 | €76,239 | €229,341 | +€153,103 | +201% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,207 | €272,646 | -€35,561 | -11.5% |
| Other operating charges | 640/8 | €5,182 | €5,263 | +€80 | +1.6% |
| Gross operating margin | 9900 | €461,864 | €348,772 | -€113,092 | -24.5% |
| Operating profit (loss) | 9901 | €148,474 | €70,863 | -€77,611 | -52.3% |
| Financial income | 75/76B | €462 | €1,165 | +€703 | +152% |
| Recurring financial income | 75 | €462 | €1,165 | +€703 | +152% |
| Financial charges | 65/66B | €35,175 | €26,279 | -€8,896 | -25.3% |
| Recurring financial charges | 65 | €35,175 | €26,279 | -€8,896 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €113,762 | €45,749 | -€68,013 | -59.8% |
| Income taxes | 67/77 | €11,032 | €13,882 | +€2,850 | +25.8% |
| Profit (loss) for the period | 9904 | €102,730 | €31,868 | -€70,863 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,730 | €31,868 | -€70,863 | -69.0% |
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 27 October 2026 via checked.be.