SLALOME: 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.
SLALOME
Largest movements
- Tangible fixed assets +€163,280
up €163,280 (+183%), from €89,178 to €252,458
of which Assets under construction and advance payments: +€149,818
- Cash -€46,932
down €46,932 (-55.7%), from €84,305 to €37,373
mainly Investment in fixed assets (net) (-€175,144) and Net result for the year (-€34,805)
- Receivables within one year +€10,156
up €10,156 (+1,541%), from €659 to €10,815
of which Other amounts receivable: +€9,818
- Debts after one year +€133,811
up €133,811 (+519%), from €25,760 to €159,571
- Profit (loss) carried forward -€34,805
down €34,805, from €1,037 to -€33,768
- Current portion of long-term debt +€19,254
up €19,254 (+293%), from €6,574 to €25,828
- Other debts +€11,618
up €11,618 (+14.0%), from €82,876 to €94,494
- Gross operating margin -€25,472
down €25,472, from €9,430 to -€16,042
- Depreciation +€8,226
up €8,226 (+221%), from €3,719 to €11,944
- Staff costs +€1,632
up €1,632 (+6,172%), from €26 to €1,658
- Financial charges +€616
up €616 (+14.1%), from €4,373 to €4,989
- Financial income +€436
up €436 (+194%), from €225 to €661
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 | €183,276 | €311,442 | +€128,166 | +69.9% |
| Formation expenses | 20 | €1,329 | €1,029 | -€300 | -22.6% |
| Fixed assets | 21/28 | €95,463 | €258,963 | +€163,500 | +171% |
| Intangible fixed assets | 21 | €3,285 | €3,505 | +€220 | +6.7% |
| Tangible fixed assets | 22/27 | €89,178 | €252,458 | +€163,280 | +183% |
| Plant, machinery and equipment | 23 | €1,968 | €4,714 | +€2,745 | +139% |
| Furniture and vehicles | 24 | €2,000 | €18,792 | +€16,792 | +840% |
| Other tangible fixed assets | 26 | €71,994 | €65,918 | -€6,075 | -8.4% |
| Assets under construction and advance payments | 27 | €13,216 | €163,034 | +€149,818 | +1,134% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €86,484 | €51,451 | -€35,033 | -40.5% |
| Stocks and contracts in progress | 3 | €1,520 | €3,263 | +€1,743 | +115% |
| Stocks | 30/36 | €1,520 | €3,263 | +€1,743 | +115% |
| Amounts receivable within one year | 40/41 | €659 | €10,815 | +€10,156 | +1,541% |
| Trade receivables | 40 | €623 | €961 | +€338 | +54.2% |
| Other amounts receivable | 41 | €36 | €9,854 | +€9,818 | +27,273% |
| Cash at bank and in hand | 54/58 | €84,305 | €37,373 | -€46,932 | -55.7% |
| Total equity and liabilities | 10/49 | €183,276 | €311,442 | +€128,166 | +69.9% |
| Equity | 10/15 | €61,037 | €26,232 | -€34,805 | -57.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,037 | -€33,768 | -€34,805 | |
| Amounts payable | 17/49 | €122,238 | €285,209 | +€162,971 | +133% |
| Amounts payable after more than one year | 17 | €25,760 | €159,571 | +€133,811 | +519% |
| Financial debts | 170/4 | €25,760 | €159,571 | +€133,811 | +519% |
| Amounts payable within one year | 42/48 | €96,478 | €125,376 | +€28,898 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €6,574 | €25,828 | +€19,254 | +293% |
| Trade debts | 44 | €5,572 | €5,012 | -€559 | -10.0% |
| Suppliers | 440/4 | €5,572 | €5,012 | -€559 | -10.0% |
| Taxes, remuneration and social security | 45 | €1,456 | €42 | -€1,414 | -97.1% |
| Taxes | 450/3 | €1,456 | €42 | -€1,414 | -97.1% |
| Other amounts payable | 47/48 | €82,876 | €94,494 | +€11,618 | +14.0% |
| Accrued charges and deferred income | 492/3 | - | €262 | +€262 | |
| Remuneration, social security and pensions | 62 | €26 | €1,658 | +€1,632 | +6,172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,719 | €11,944 | +€8,226 | +221% |
| Other operating charges | 640/8 | €499 | €790 | +€291 | +58.4% |
| Gross operating margin | 9900 | €9,430 | -€16,042 | -€25,472 | |
| Operating profit (loss) | 9901 | €5,186 | -€30,435 | -€35,621 | |
| Financial income | 75/76B | €225 | €661 | +€436 | +194% |
| Recurring financial income | 75 | €225 | €661 | +€436 | +194% |
| Financial charges | 65/66B | €4,373 | €4,989 | +€616 | +14.1% |
| Recurring financial charges | 65 | €4,373 | €4,989 | +€616 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €1,037 | -€34,763 | -€35,801 | |
| Income taxes | 67/77 | - | €42 | +€42 | |
| Profit (loss) for the period | 9904 | €1,037 | -€34,805 | -€35,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,037 | -€34,805 | -€35,842 |
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.