SLAGMULDER MULTITECHNICS: what changed
What changed
SLAGMULDER MULTITECHNICS
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
€170,908
2023 · €11,685+€159,223
Equity
€355,968
2023 · €185,060+€170,908
Cash
€112,389
2023 · €67,129+€45,260
Balance sheet total
€692,961
2023 · €363,115+€329,846
Largest movements
Assets
- Receivables within one year +€307,683
up €307,683 (+150%), from €204,871 to €512,553
of which Trade receivables: +€337,559
- Cash +€45,260
up €45,260 (+67.4%), from €67,129 to €112,389
mainly Trade debts (+€194,535) and Net result for the year (+€170,908)
- Tangible fixed assets -€21,859
down €21,859 (-35.4%), from €61,711 to €39,852
of which Furniture and vehicles: -€19,986
Equity and liabilities
- Trade debts +€194,535
up €194,535 (+426%), from €45,635 to €240,170
- Reserves +€170,908
up €170,908 (+103%), from €166,460 to €337,368
of which Distributable reserves: +€170,908
- Tax, wage and social debts -€21,945
down €21,945 (-80.2%), from €27,349 to €5,404
of which Taxes: -€15,526
- Other debts +€12,540
up €12,540 (+77.2%), from €16,240 to €28,780
- Debts after one year -€12,455
down €12,455 (-78.8%), from €15,804 to €3,348
Income statement
- Gross operating margin +€213,889
up €213,889 (+84.3%), from €253,733 to €467,623
- Taxes +€48,068
up €48,068 (+885%), from €5,430 to €53,498
- Staff costs +€5,915
up €5,915 (+3.0%), from €197,805 to €203,720
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€11,685
Gross operating margin
+€213,889
Staff costs
-€5,915
Depreciation
-€447
Other operating charges
+€1,563
Other operating items
-€37
Financial income
+€634
Financial charges
-€2,396
Taxes
-€48,068
Result 2024
€170,908
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€69,777
Investment
-€5,973
Financing
-€18,544
Cash 2023
€67,129
From operations (derived)
+€69,777
Net result for the year
+€170,908
Depreciation
+€22,745
Stocks and contracts
+€5,553
Receivables within one year
-€307,683
Deferred charges and accrued income
+€773
Trade debts
+€194,535
Tax, wage and social debts
-€21,945
Advances received
-€5,115
Other debts
+€12,540
Accrued charges and deferred income
-€2,532
Investment (derived)
-€5,973
Investment in fixed assets (net)
-€885
Current investments
-€5,088
Financing
-€18,544
Debts after one year
-€12,455
Current portion of long-term debt
-€6,087
Short-term financial debts
-€2
Cash 2024
€112,389
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,115 | €692,961 | +€329,846 | +90.8% |
| Fixed assets | 21/28 | €63,459 | €41,600 | -€21,859 | -34.4% |
| Tangible fixed assets | 22/27 | €61,711 | €39,852 | -€21,859 | -35.4% |
| Plant, machinery and equipment | 23 | €7,984 | €6,220 | -€1,764 | -22.1% |
| Furniture and vehicles | 24 | €53,507 | €33,521 | -€19,986 | -37.4% |
| Other tangible fixed assets | 26 | €220 | €110 | -€110 | -50.0% |
| Financial fixed assets | 28 | €1,748 | €1,748 | = | 0.0% |
| Current assets | 29/58 | €299,656 | €651,361 | +€351,705 | +117% |
| Stocks and contracts in progress | 3 | €21,488 | €15,935 | -€5,553 | -25.8% |
| Stocks | 30/36 | €21,488 | €15,935 | -€5,553 | -25.8% |
| Amounts receivable within one year | 40/41 | €204,871 | €512,553 | +€307,683 | +150% |
| Trade receivables | 40 | €105,708 | €443,267 | +€337,559 | +319% |
| Other amounts receivable | 41 | €99,162 | €69,286 | -€29,876 | -30.1% |
| Current investments | 50/53 | - | €5,088 | +€5,088 | |
| Cash at bank and in hand | 54/58 | €67,129 | €112,389 | +€45,260 | +67.4% |
| Deferred charges and accrued income | 490/1 | €6,169 | €5,396 | -€773 | -12.5% |
| Total equity and liabilities | 10/49 | €363,115 | €692,961 | +€329,846 | +90.8% |
| Equity | 10/15 | €185,060 | €355,968 | +€170,908 | +92.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,460 | €337,368 | +€170,908 | +103% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,698 | €18,698 | = | 0.0% |
| Distributable reserves | 133 | €145,902 | €316,809 | +€170,908 | +117% |
| Amounts payable | 17/49 | €178,055 | €336,993 | +€158,938 | +89.3% |
| Amounts payable after more than one year | 17 | €15,804 | €3,348 | -€12,455 | -78.8% |
| Financial debts | 170/4 | €15,804 | €3,348 | -€12,455 | -78.8% |
| Amounts payable within one year | 42/48 | €158,661 | €332,587 | +€173,926 | +110% |
| Current portion of amounts payable after more than one year | 42 | €18,542 | €12,455 | -€6,087 | -32.8% |
| Financial debts | 43 | €45,780 | €45,778 | -€2 | 0.0% |
| Credit institutions | 430/8 | €45,780 | €45,778 | -€2 | 0.0% |
| Trade debts | 44 | €45,635 | €240,170 | +€194,535 | +426% |
| Suppliers | 440/4 | €45,635 | €240,170 | +€194,535 | +426% |
| Advances received on contracts in progress | 46 | €5,115 | - | -€5,115 | |
| Taxes, remuneration and social security | 45 | €27,349 | €5,404 | -€21,945 | -80.2% |
| Taxes | 450/3 | €15,749 | €223 | -€15,526 | -98.6% |
| Remuneration and social security | 454/9 | €11,600 | €5,181 | -€6,419 | -55.3% |
| Other amounts payable | 47/48 | €16,240 | €28,780 | +€12,540 | +77.2% |
| Accrued charges and deferred income | 492/3 | €3,590 | €1,058 | -€2,532 | -70.5% |
| Remuneration, social security and pensions | 62 | €197,805 | €203,720 | +€5,915 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,297 | €22,745 | +€447 | +2.0% |
| Other operating charges | 640/8 | €7,741 | €6,178 | -€1,563 | -20.2% |
| Non-recurring operating charges | 66A | - | €37 | +€37 | |
| Gross operating margin | 9900 | €253,733 | €467,623 | +€213,889 | +84.3% |
| Operating profit (loss) | 9901 | €25,889 | €234,943 | +€209,053 | +807% |
| Financial income | 75/76B | €526 | €1,160 | +€634 | +120% |
| Recurring financial income | 75 | €526 | €1,160 | +€634 | +120% |
| Financial charges | 65/66B | €9,301 | €11,697 | +€2,396 | +25.8% |
| Recurring financial charges | 65 | €9,301 | €11,697 | +€2,396 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €17,115 | €224,406 | +€207,291 | +1,211% |
| Income taxes | 67/77 | €5,430 | €53,498 | +€48,068 | +885% |
| Profit (loss) for the period | 9904 | €11,685 | €170,908 | +€159,223 | +1,363% |
| Profit (loss) for the period to be appropriated | 9905 | €11,685 | €170,908 | +€159,223 | +1,363% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.