SLAOUI: 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.
SLAOUI
Largest movements
- Deferred charges and accrued income +€43,292
new in 2025: €43,292
- Cash -€17,375
down €17,375 (-10.0%), from €173,167 to €155,792
mainly Deferred charges and accrued income (-€43,292) and Investment in fixed assets (net) (-€18,673)
- Tangible fixed assets +€12,610
up €12,610 (+77.3%), from €16,321 to €28,931
- Trade debts +€29,723
up €29,723 (+120%), from €24,688 to €54,411
- Profit (loss) carried forward +€15,486
up €15,486 (+309%), from €5,004 to €20,490
- Staff costs +€34,766
up €34,766 (+73.7%), from €47,157 to €81,923
- Gross operating margin -€28,696
down €28,696 (-20.4%), from €140,735 to €112,039
- Taxes -€21,539
down €21,539 (-75.0%), from €28,722 to €7,183
- Financial charges -€2,631
down €2,631 (-92.8%), from €2,836 to €205
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 | €206,222 | €247,463 | +€41,241 | +20.0% |
| Formation expenses | 20 | €11,734 | €11,734 | -€0 | 0.0% |
| Fixed assets | 21/28 | €16,321 | €28,931 | +€12,610 | +77.3% |
| Tangible fixed assets | 22/27 | €16,321 | €28,931 | +€12,610 | +77.3% |
| Furniture and vehicles | 24 | €16,321 | €28,931 | +€12,610 | +77.3% |
| Current assets | 29/58 | €178,167 | €206,798 | +€28,631 | +16.1% |
| Stocks and contracts in progress | 3 | €5,000 | €6,146 | +€1,146 | +22.9% |
| Stocks | 30/36 | €5,000 | €6,146 | +€1,146 | +22.9% |
| Amounts receivable within one year | 40/41 | - | €1,568 | +€1,568 | |
| Other amounts receivable | 41 | - | €1,568 | +€1,568 | |
| Cash at bank and in hand | 54/58 | €173,167 | €155,792 | -€17,375 | -10.0% |
| Deferred charges and accrued income | 490/1 | - | €43,292 | +€43,292 | |
| Total equity and liabilities | 10/49 | €206,222 | €247,463 | +€41,241 | +20.0% |
| Equity | 10/15 | €104,523 | €120,009 | +€15,486 | +14.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €80,969 | €80,969 | +€0 | 0.0% |
| Distributable reserves | 133 | €80,969 | €80,969 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €5,004 | €20,490 | +€15,486 | +309% |
| Amounts payable | 17/49 | €101,699 | €127,454 | +€25,755 | +25.3% |
| Amounts payable within one year | 42/48 | €101,699 | €127,454 | +€25,755 | +25.3% |
| Trade debts | 44 | €24,688 | €54,411 | +€29,723 | +120% |
| Suppliers | 440/4 | €24,688 | €54,411 | +€29,723 | +120% |
| Taxes, remuneration and social security | 45 | €46,249 | €44,469 | -€1,780 | -3.8% |
| Taxes | 450/3 | €41,868 | €44,469 | +€2,601 | +6.2% |
| Remuneration and social security | 454/9 | €4,381 | - | -€4,381 | |
| Other amounts payable | 47/48 | €30,761 | €28,574 | -€2,187 | -7.1% |
| Remuneration, social security and pensions | 62 | €47,157 | €81,923 | +€34,766 | +73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,011 | €6,063 | +€1,052 | +21.0% |
| Other operating charges | 640/8 | €913 | €1,180 | +€267 | +29.2% |
| Gross operating margin | 9900 | €140,735 | €112,039 | -€28,696 | -20.4% |
| Operating profit (loss) | 9901 | €87,654 | €22,873 | -€64,781 | -73.9% |
| Financial charges | 65/66B | €2,836 | €205 | -€2,631 | -92.8% |
| Recurring financial charges | 65 | €2,836 | €205 | -€2,631 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €84,818 | €22,668 | -€62,150 | -73.3% |
| Income taxes | 67/77 | €28,722 | €7,183 | -€21,539 | -75.0% |
| Profit (loss) for the period | 9904 | €56,095 | €15,485 | -€40,610 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,095 | €15,485 | -€40,610 | -72.4% |
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 23 October 2026 via checked.be.