SLAW: 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.
SLAW
Largest movements
- Tangible fixed assets +€51,274
up €51,274 (+406%), from €12,631 to €63,905
of which Furniture and vehicles: +€50,913
- Receivables within one year +€5,360
up €5,360 (+13.7%), from €39,253 to €44,613
of which Other amounts receivable: +€4,861
- Profit (loss) carried forward +€44,630
up €44,630 (+97.0%), from €46,001 to €90,631
- Tax, wage and social debts +€10,767
up €10,767 (+689%), from €1,563 to €12,330
of which Taxes: +€10,767
- Gross operating margin +€48,792
up €48,792 (+166%), from €29,387 to €78,179
- Taxes +€10,953
up €10,953 (+313%), from €3,500 to €14,453
- Depreciation +€9,022
up €9,022 (+96.8%), from €9,319 to €18,341
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 | €55,703 | €111,021 | +€55,317 | +99.3% |
| Fixed assets | 21/28 | €12,811 | €64,085 | +€51,274 | +400% |
| Tangible fixed assets | 22/27 | €12,631 | €63,905 | +€51,274 | +406% |
| Plant, machinery and equipment | 23 | €878 | €1,239 | +€361 | +41.1% |
| Furniture and vehicles | 24 | €11,752 | €62,665 | +€50,913 | +433% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €42,893 | €46,936 | +€4,043 | +9.4% |
| Amounts receivable within one year | 40/41 | €39,253 | €44,613 | +€5,360 | +13.7% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €39,253 | €44,113 | +€4,861 | +12.4% |
| Cash at bank and in hand | 54/58 | €1,787 | €722 | -€1,064 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,853 | €1,601 | -€253 | -13.6% |
| Total equity and liabilities | 10/49 | €55,703 | €111,021 | +€55,317 | +99.3% |
| Equity | 10/15 | €54,061 | €98,691 | +€44,630 | +82.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,001 | €90,631 | +€44,630 | +97.0% |
| Amounts payable | 17/49 | €1,643 | €12,330 | +€10,687 | +651% |
| Amounts payable within one year | 42/48 | €1,643 | €12,330 | +€10,687 | +651% |
| Trade debts | 44 | €80 | - | -€80 | |
| Suppliers | 440/4 | €80 | - | -€80 | |
| Taxes, remuneration and social security | 45 | €1,563 | €12,330 | +€10,767 | +689% |
| Taxes | 450/3 | €1,483 | €12,250 | +€10,767 | +726% |
| Remuneration and social security | 454/9 | €80 | €80 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,319 | €18,341 | +€9,022 | +96.8% |
| Other operating charges | 640/8 | €387 | €453 | +€65 | +16.9% |
| Gross operating margin | 9900 | €29,387 | €78,179 | +€48,792 | +166% |
| Operating profit (loss) | 9901 | €19,681 | €59,386 | +€39,705 | +202% |
| Financial income | 75/76B | €0 | €2 | +€2 | +21,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +21,900% |
| Financial charges | 65/66B | €302 | €304 | +€2 | +0.7% |
| Recurring financial charges | 65 | €302 | €304 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €19,379 | €59,083 | +€39,705 | +205% |
| Income taxes | 67/77 | €3,500 | €14,453 | +€10,953 | +313% |
| Profit (loss) for the period | 9904 | €15,879 | €44,630 | +€28,751 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €15,879 | €44,630 | +€28,751 | +181% |
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 20 October 2026 via checked.be.