SLAM: what changed
Two fiscal 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.
SLAM
Largest movements
- Cash -€21,594
down €21,594 (-83.8%), from €25,776 to €4,182
mainly Debts after one year (-€27,740) and Receivables within one year (-€21,261)
- Receivables within one year +€21,261
up €21,261 (+112.2%), from €18,944 to €40,205
- Tangible fixed assets -€17,133
down €17,133 (-3.1%), from €560,138 to €543,005
- Debts after one year -€27,740
down €27,740 (-5.5%), from €507,174 to €479,433
- Current portion of long-term debt +€9,914
up €9,914 (+55.6%), from €17,826 to €27,740
- Profit (loss) carried forward -€6,753
down €6,753 (-33.5%), from -€20,142 to -€26,895
- Other debts +€6,456
new in 2025: €6,456
- Gross operating margin +€35,284
up €35,284, from -€813 to €34,471
- Financial charges +€16,715
up €16,715 (+333.7%), from €5,009 to €21,724
- Depreciation +€3,190
up €3,190 (+22.9%), from €13,943 to €17,133
- Other operating charges +€1,990
up €1,990 (+528.3%), from €377 to €2,367
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.
Cash bridge derived
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 | €604,858 | €587,407 | -€17,451 | -2.9% |
| Fixed assets | 21/28 | €560,138 | €543,005 | -€17,133 | -3.1% |
| Tangible fixed assets | 22/27 | €560,138 | €543,005 | -€17,133 | -3.1% |
| Land and buildings | 22 | €560,138 | €543,005 | -€17,133 | -3.1% |
| Current assets | 29/58 | €44,720 | €44,403 | -€317 | -0.7% |
| Amounts receivable within one year | 40/41 | €18,944 | €40,205 | +€21,261 | +112.2% |
| Other amounts receivable | 41 | €18,944 | €40,205 | +€21,261 | +112.2% |
| Cash at bank and in hand | 54/58 | €25,776 | €4,182 | -€21,594 | -83.8% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €604,858 | €587,407 | -€17,451 | -2.9% |
| Equity | 10/15 | €79,858 | €73,105 | -€6,753 | -8.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,142 | -€26,895 | -€6,753 | -33.5% |
| Amounts payable | 17/49 | €525,000 | €514,303 | -€10,697 | -2.0% |
| Amounts payable after more than one year | 17 | €507,174 | €479,433 | -€27,740 | -5.5% |
| Financial debts | 170/4 | €507,174 | €479,433 | -€27,740 | -5.5% |
| Amounts payable within one year | 42/48 | €17,826 | €34,870 | +€17,043 | +95.6% |
| Current portion of amounts payable after more than one year | 42 | €17,826 | €27,740 | +€9,914 | +55.6% |
| Trade debts | 44 | - | €673 | +€673 | |
| Suppliers | 440/4 | - | €673 | +€673 | |
| Other amounts payable | 47/48 | - | €6,456 | +€6,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,943 | €17,133 | +€3,190 | +22.9% |
| Other operating charges | 640/8 | €377 | €2,367 | +€1,990 | +528.3% |
| Gross operating margin | 9900 | -€813 | €34,471 | +€35,284 | |
| Operating profit (loss) | 9901 | -€15,133 | €14,971 | +€30,104 | |
| Financial charges | 65/66B | €5,009 | €21,724 | +€16,715 | +333.7% |
| Recurring financial charges | 65 | €5,009 | €21,724 | +€16,715 | +333.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,142 | -€6,753 | +€13,389 | +66.5% |
| Profit (loss) for the period | 9904 | -€20,142 | -€6,753 | +€13,389 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,142 | -€6,753 | +€13,389 | +66.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.