SLAK: 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.
SLAK
Largest movements
- Tangible fixed assets -€6,947
down €6,947 (-16.0%), from €43,348 to €36,401
of which Plant, machinery and equipment: -€3,490
- Receivables within one year +€5,119
up €5,119 (+38.9%), from €13,170 to €18,289
of which Trade receivables: +€4,741
- Cash +€3,301
up €3,301 (+89.4%), from €3,694 to €6,995
mainly Net result for the year (+€13,692) and Depreciation (+€6,308)
- Stocks and contracts +€1,650
new in 2025: €1,650
- Other debts -€8,708
down €8,708 (-28.8%), from €30,229 to €21,521
- Profit (loss) carried forward +€7,994
no longer reported in 2025 (was -€7,994)
- Reserves +€5,698
up €5,698 (+19.7%), from €28,900 to €34,598
- Tax, wage and social debts -€1,458
down €1,458 (-25.2%), from €5,788 to €4,330
of which Taxes: -€2,340
- Gross operating margin +€40,961
up €40,961, from -€13,926 to €27,035
- Taxes +€2,730
up €2,730 (+2,133%), from €128 to €2,858
- Staff costs +€2,298
up €2,298 (+420%), from €547 to €2,845
- Depreciation -€762
down €762 (-10.8%), from €7,071 to €6,308
- Other operating charges +€283
up €283 (+87.1%), from €325 to €609
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 | €61,565 | €64,892 | +€3,328 | +5.4% |
| Fixed assets | 21/28 | €43,348 | €36,401 | -€6,947 | -16.0% |
| Tangible fixed assets | 22/27 | €43,348 | €36,401 | -€6,947 | -16.0% |
| Land and buildings | 22 | €8,180 | €7,248 | -€932 | -11.4% |
| Plant, machinery and equipment | 23 | €8,048 | €4,558 | -€3,490 | -43.4% |
| Furniture and vehicles | 24 | €282 | - | -€282 | |
| Other tangible fixed assets | 26 | €26,839 | €24,595 | -€2,244 | -8.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €18,217 | €28,492 | +€10,275 | +56.4% |
| Stocks and contracts in progress | 3 | - | €1,650 | +€1,650 | |
| Contracts in progress | 37 | - | €1,650 | +€1,650 | |
| Amounts receivable within one year | 40/41 | €13,170 | €18,289 | +€5,119 | +38.9% |
| Trade receivables | 40 | €8,405 | €13,146 | +€4,741 | +56.4% |
| Other amounts receivable | 41 | €4,765 | €5,143 | +€378 | +7.9% |
| Cash at bank and in hand | 54/58 | €3,694 | €6,995 | +€3,301 | +89.4% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,558 | +€205 | +15.1% |
| Total equity and liabilities | 10/49 | €61,565 | €64,892 | +€3,328 | +5.4% |
| Equity | 10/15 | €21,006 | €34,698 | +€13,692 | +65.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €28,900 | €34,598 | +€5,698 | +19.7% |
| Distributable reserves | 133 | €28,900 | €34,598 | +€5,698 | +19.7% |
| Profit (loss) carried forward | 14 | -€7,994 | - | +€7,994 | |
| Amounts payable | 17/49 | €40,559 | €30,194 | -€10,365 | -25.6% |
| Amounts payable within one year | 42/48 | €40,559 | €30,194 | -€10,365 | -25.6% |
| Trade debts | 44 | €4,541 | €4,343 | -€199 | -4.4% |
| Suppliers | 440/4 | €4,541 | €4,343 | -€199 | -4.4% |
| Taxes, remuneration and social security | 45 | €5,788 | €4,330 | -€1,458 | -25.2% |
| Taxes | 450/3 | €4,670 | €2,330 | -€2,340 | -50.1% |
| Remuneration and social security | 454/9 | €1,118 | €2,000 | +€882 | +78.9% |
| Other amounts payable | 47/48 | €30,229 | €21,521 | -€8,708 | -28.8% |
| Remuneration, social security and pensions | 62 | €547 | €2,845 | +€2,298 | +420% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,071 | €6,308 | -€762 | -10.8% |
| Other operating charges | 640/8 | €325 | €609 | +€283 | +87.1% |
| Non-recurring operating charges | 66A | - | €639 | +€639 | |
| Gross operating margin | 9900 | -€13,926 | €27,035 | +€40,961 | |
| Operating profit (loss) | 9901 | -€21,870 | €16,633 | +€38,503 | |
| Financial income | 75/76B | €93 | €161 | +€68 | +73.5% |
| Recurring financial income | 75 | €93 | €161 | +€68 | +73.5% |
| Financial charges | 65/66B | €244 | €245 | +€1 | +0.3% |
| Recurring financial charges | 65 | €244 | €245 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,021 | €16,550 | +€38,571 | |
| Income taxes | 67/77 | €128 | €2,858 | +€2,730 | +2,133% |
| Profit (loss) for the period | 9904 | -€22,149 | €13,692 | +€35,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,149 | €13,692 | +€35,841 |
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 17 October 2026 via checked.be.