SLAM INVEST: 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.
SLAM INVEST
Largest movements
- Deferred charges and accrued income +€8,607
up €8,607 (+1,753%), from €491 to €9,098
- Receivables within one year -€4,781
down €4,781 (-77.4%), from €6,178 to €1,397
- Cash -€2,278
down €2,278 (-6.8%), from €33,485 to €31,207
mainly Deferred charges and accrued income (-€8,607) and Tax, wage and social debts (-€7,243)
- Tangible fixed assets -€703
down €703 (-52.4%), from €1,341 to €638
- Reserves +€9,185
up €9,185 (+34.3%), from €26,743 to €35,928
- Tax, wage and social debts -€7,243
down €7,243 (-80.7%), from €8,974 to €1,731
- Trade debts -€1,098
down €1,098 (-61.8%), from €1,778 to €680
- Gross operating margin -€26,704
down €26,704 (-63.1%), from €42,300 to €15,595
- Taxes -€8,412
down €8,412 (-67.6%), from €12,443 to €4,031
- Financial charges +€783
up €783 (+72.9%), from €1,074 to €1,857
- Other operating charges -€723
down €723 (-77.4%), from €934 to €211
- Depreciation -€607
down €607 (-46.3%), from €1,310 to €703
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 | €41,495 | €42,340 | +€845 | +2.0% |
| Fixed assets | 21/28 | €1,341 | €638 | -€703 | -52.4% |
| Tangible fixed assets | 22/27 | €1,341 | €638 | -€703 | -52.4% |
| Furniture and vehicles | 24 | €1,341 | €638 | -€703 | -52.4% |
| Current assets | 29/58 | €40,154 | €41,702 | +€1,548 | +3.9% |
| Amounts receivable within one year | 40/41 | €6,178 | €1,397 | -€4,781 | -77.4% |
| Other amounts receivable | 41 | €6,178 | €1,397 | -€4,781 | -77.4% |
| Cash at bank and in hand | 54/58 | €33,485 | €31,207 | -€2,278 | -6.8% |
| Deferred charges and accrued income | 490/1 | €491 | €9,098 | +€8,607 | +1,753% |
| Total equity and liabilities | 10/49 | €41,495 | €42,340 | +€845 | +2.0% |
| Equity | 10/15 | €30,743 | €39,928 | +€9,185 | +29.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €26,743 | €35,928 | +€9,185 | +34.3% |
| Distributable reserves | 133 | €26,743 | €35,928 | +€9,185 | +34.3% |
| Amounts payable | 17/49 | €10,752 | €2,411 | -€8,341 | -77.6% |
| Amounts payable within one year | 42/48 | €10,752 | €2,411 | -€8,341 | -77.6% |
| Trade debts | 44 | €1,778 | €680 | -€1,098 | -61.8% |
| Suppliers | 440/4 | €1,778 | €680 | -€1,098 | -61.8% |
| Taxes, remuneration and social security | 45 | €8,974 | €1,731 | -€7,243 | -80.7% |
| Taxes | 450/3 | €8,974 | €1,731 | -€7,243 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €703 | -€607 | -46.3% |
| Other operating charges | 640/8 | €934 | €211 | -€723 | -77.4% |
| Gross operating margin | 9900 | €42,300 | €15,595 | -€26,704 | -63.1% |
| Operating profit (loss) | 9901 | €40,056 | €14,681 | -€25,375 | -63.3% |
| Financial income | 75/76B | €204 | €393 | +€189 | +92.5% |
| Recurring financial income | 75 | €204 | €393 | +€189 | +92.5% |
| Financial charges | 65/66B | €1,074 | €1,857 | +€783 | +72.9% |
| Recurring financial charges | 65 | €1,074 | €1,857 | +€783 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €39,186 | €13,217 | -€25,969 | -66.3% |
| Income taxes | 67/77 | €12,443 | €4,031 | -€8,412 | -67.6% |
| Profit (loss) for the period | 9904 | €26,743 | €9,185 | -€17,558 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,743 | €9,185 | -€17,558 | -65.7% |
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 31 October 2026 via checked.be.