SLD Solutions: 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.
SLD Solutions
Largest movements
- Tangible fixed assets +€111,359
up €111,359 (+9.3%), from €1.2m to €1.3m
of which Land and buildings: +€75,405
- Cash +€93,203
up €93,203 (+88.5%), from €105,311 to €198,514
mainly Net result for the year (+€163,742) and Depreciation (+€140,762)
- Reserves +€84,200
up €84,200 (+16,840%), from €500 to €84,700
of which Tax-exempt reserves: +€84,200
- Other debts +€82,567
up €82,567 (+317%), from €26,070 to €108,637
- Tax, wage and social debts +€30,516
up €30,516 (+40.6%), from €75,117 to €105,633
of which Remuneration and social security: +€26,605
- Profit (loss) carried forward -€20,458
down €20,458 (-5.0%), from €406,427 to €385,969
- Current portion of long-term debt +€18,999
up €18,999 (+17.2%), from €110,402 to €129,401
- Gross operating margin +€442,250
up €442,250 (+64.2%), from €688,901 to €1.1m
- Staff costs +€226,627
up €226,627 (+50.8%), from €445,745 to €672,372
- Taxes +€60,458
up €60,458 (+186%), from €32,523 to €92,981
- Depreciation +€23,188
up €23,188 (+19.7%), from €117,573 to €140,762
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 | €1,345,439 | €1,559,150 | +€213,711 | +15.9% |
| Fixed assets | 21/28 | €1,195,822 | €1,307,081 | +€111,259 | +9.3% |
| Tangible fixed assets | 22/27 | €1,193,947 | €1,305,306 | +€111,359 | +9.3% |
| Land and buildings | 22 | €1,082,565 | €1,157,969 | +€75,405 | +7.0% |
| Plant, machinery and equipment | 23 | €9,598 | €12,804 | +€3,206 | +33.4% |
| Furniture and vehicles | 24 | €101,785 | €134,532 | +€32,748 | +32.2% |
| Financial fixed assets | 28 | €1,875 | €1,775 | -€100 | -5.3% |
| Current assets | 29/58 | €149,617 | €252,070 | +€102,453 | +68.5% |
| Amounts receivable within one year | 40/41 | €43,156 | €44,572 | +€1,416 | +3.3% |
| Trade receivables | 40 | €16,372 | €25,618 | +€9,245 | +56.5% |
| Other amounts receivable | 41 | €26,783 | €18,954 | -€7,829 | -29.2% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,311 | €198,514 | +€93,203 | +88.5% |
| Deferred charges and accrued income | 490/1 | €900 | €8,734 | +€7,834 | +870% |
| Total equity and liabilities | 10/49 | €1,345,439 | €1,559,150 | +€213,711 | +15.9% |
| Equity | 10/15 | €411,927 | €475,669 | +€63,742 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €84,700 | +€84,200 | +16,840% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406,427 | €385,969 | -€20,458 | -5.0% |
| Amounts payable | 17/49 | €933,512 | €1,083,481 | +€149,970 | +16.1% |
| Amounts payable after more than one year | 17 | €712,142 | €720,386 | +€8,245 | +1.2% |
| Financial debts | 170/4 | €712,142 | €720,386 | +€8,245 | +1.2% |
| Amounts payable within one year | 42/48 | €220,870 | €362,445 | +€141,575 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €110,402 | €129,401 | +€18,999 | +17.2% |
| Trade debts | 44 | €9,281 | €18,774 | +€9,493 | +102% |
| Suppliers | 440/4 | €9,281 | €18,774 | +€9,493 | +102% |
| Taxes, remuneration and social security | 45 | €75,117 | €105,633 | +€30,516 | +40.6% |
| Taxes | 450/3 | €1,896 | €5,807 | +€3,911 | +206% |
| Remuneration and social security | 454/9 | €73,221 | €99,826 | +€26,605 | +36.3% |
| Other amounts payable | 47/48 | €26,070 | €108,637 | +€82,567 | +317% |
| Accrued charges and deferred income | 492/3 | €500 | €650 | +€150 | +30.0% |
| Non-recurring operating income | 76A | €0 | €27,080 | +€27,080 | |
| Remuneration, social security and pensions | 62 | €445,745 | €672,372 | +€226,627 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,573 | €140,762 | +€23,188 | +19.7% |
| Other operating charges | 640/8 | €8,402 | €16,389 | +€7,987 | +95.1% |
| Non-recurring operating charges | 66A | €955 | €8,172 | +€7,216 | +755% |
| Gross operating margin | 9900 | €688,901 | €1,131,151 | +€442,250 | +64.2% |
| Operating profit (loss) | 9901 | €116,225 | €293,456 | +€177,231 | +152% |
| Financial income | 75/76B | €233 | €323 | +€90 | +38.8% |
| Recurring financial income | 75 | €233 | €323 | +€90 | +38.8% |
| Financial charges | 65/66B | €32,147 | €37,057 | +€4,910 | +15.3% |
| Recurring financial charges | 65 | €32,147 | €37,057 | +€4,910 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €84,311 | €256,723 | +€172,411 | +204% |
| Income taxes | 67/77 | €32,523 | €92,981 | +€60,458 | +186% |
| Profit (loss) for the period | 9904 | €51,788 | €163,742 | +€111,954 | +216% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,788 | €79,542 | +€27,754 | +53.6% |
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 21 October 2026 via checked.be.