SLE: 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.
SLE
Largest movements
- Receivables within one year +€454,918
up €454,918 (+607.8%), from €74,847 to €529,765
of which Other amounts receivable: +€439,918
- Cash -€168,440
down €168,440 (-99.0%), from €170,162 to €1,723
mainly Receivables within one year (-€454,918) and Advances received (-€6,000)
- Reserves +€268,445
up €268,445 (+198.3%), from €135,406 to €403,851
- Trade debts +€116,171
up €116,171 (+9956.2%), from €1,167 to €117,338
- Profit (loss) carried forward -€93,325
down €93,325 (-100.0%), from €93,325 to €0
- Advances received -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Gross operating margin +€194,946
up €194,946 (+579.7%), from €33,629 to €228,575
- Taxes +€51,815
up €51,815 (+618.9%), from €8,373 to €60,188
- Financial income +€2,451
up €2,451 (+53.8%), from €4,557 to €7,008
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 | €245,009 | €531,487 | +€286,478 | +116.9% |
| Current assets | 29/58 | €245,009 | €531,487 | +€286,478 | +116.9% |
| Amounts receivable within one year | 40/41 | €74,847 | €529,765 | +€454,918 | +607.8% |
| Trade receivables | 40 | €6,000 | €21,000 | +€15,000 | +250.0% |
| Other amounts receivable | 41 | €68,847 | €508,765 | +€439,918 | +639.0% |
| Cash at bank and in hand | 54/58 | €170,162 | €1,723 | -€168,440 | -99.0% |
| Total equity and liabilities | 10/49 | €245,009 | €531,487 | +€286,478 | +116.9% |
| Equity | 10/15 | €234,931 | €410,051 | +€175,120 | +74.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,406 | €403,851 | +€268,445 | +198.3% |
| Distributable reserves | 133 | €135,406 | €403,851 | +€268,445 | +198.3% |
| Profit (loss) carried forward | 14 | €93,325 | €0 | -€93,325 | -100.0% |
| Amounts payable | 17/49 | €10,078 | €121,436 | +€111,358 | +1105.0% |
| Amounts payable within one year | 42/48 | €10,078 | €121,436 | +€111,358 | +1105.0% |
| Trade debts | 44 | €1,167 | €117,338 | +€116,171 | +9956.2% |
| Suppliers | 440/4 | €1,167 | €117,338 | +€116,171 | +9956.2% |
| Advances received on contracts in progress | 46 | €6,000 | €0 | -€6,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,911 | €4,099 | +€1,188 | +40.8% |
| Taxes | 450/3 | €2,911 | €4,099 | +€1,188 | +40.8% |
| Other operating charges | 640/8 | €619 | €204 | -€416 | -67.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €33,629 | €228,575 | +€194,946 | +579.7% |
| Operating profit (loss) | 9901 | €33,010 | €228,371 | +€195,362 | +591.8% |
| Financial income | 75/76B | €4,557 | €7,008 | +€2,451 | +53.8% |
| Recurring financial income | 75 | €4,557 | €7,008 | +€2,451 | +53.8% |
| Financial charges | 65/66B | €83 | €72 | -€11 | -13.3% |
| Recurring financial charges | 65 | €83 | €72 | -€11 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €37,484 | €235,308 | +€197,823 | +527.8% |
| Income taxes | 67/77 | €8,373 | €60,188 | +€51,815 | +618.9% |
| Profit (loss) for the period | 9904 | €29,111 | €175,120 | +€146,009 | +501.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,111 | €175,120 | +€146,009 | +501.5% |
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 6 October 2026 via checked.be.