SLEAWO: 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.
SLEAWO
Largest movements
- Cash +€16,945
up €16,945 (+50.5%), from €33,555 to €50,500
mainly Net result for the year (+€48,801) and Depreciation (+€18,723)
- Tangible fixed assets -€15,981
down €15,981 (-8.4%), from €189,513 to €173,532
of which Land and buildings: -€12,782
- Debts after one year -€9,137
down €9,137 (-9.0%), from €101,106 to €91,969
- Reserves +€7,624
up €7,624 (+7.0%), from €108,633 to €116,257
of which Distributable reserves: +€7,624
- Current portion of long-term debt +€2,493
up €2,493 (+21.3%), from €11,691 to €14,184
- Gross operating margin +€7,535
up €7,535 (+9.6%), from €78,336 to €85,871
- Taxes +€1,402
up €1,402 (+10.9%), from €12,917 to €14,319
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 | €244,652 | €242,832 | -€1,821 | -0.7% |
| Fixed assets | 21/28 | €189,513 | €173,532 | -€15,981 | -8.4% |
| Tangible fixed assets | 22/27 | €189,513 | €173,532 | -€15,981 | -8.4% |
| Land and buildings | 22 | €182,266 | €169,484 | -€12,782 | -7.0% |
| Furniture and vehicles | 24 | €7,247 | €4,048 | -€3,199 | -44.1% |
| Current assets | 29/58 | €55,140 | €69,300 | +€14,160 | +25.7% |
| Amounts receivable within one year | 40/41 | €17,044 | €14,862 | -€2,182 | -12.8% |
| Trade receivables | 40 | €17,044 | €13,129 | -€3,916 | -23.0% |
| Other amounts receivable | 41 | €0 | €1,733 | +€1,733 | |
| Cash at bank and in hand | 54/58 | €33,555 | €50,500 | +€16,945 | +50.5% |
| Deferred charges and accrued income | 490/1 | €4,540 | €3,938 | -€603 | -13.3% |
| Total equity and liabilities | 10/49 | €244,652 | €242,832 | -€1,821 | -0.7% |
| Equity | 10/15 | €127,233 | €134,857 | +€7,624 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,633 | €116,257 | +€7,624 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,773 | €114,397 | +€7,624 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,419 | €107,974 | -€9,445 | -8.0% |
| Amounts payable after more than one year | 17 | €101,106 | €91,969 | -€9,137 | -9.0% |
| Financial debts | 170/4 | €101,106 | €91,969 | -€9,137 | -9.0% |
| Amounts payable within one year | 42/48 | €16,314 | €16,005 | -€308 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €11,691 | €14,184 | +€2,493 | +21.3% |
| Trade debts | 44 | €1,939 | €1,001 | -€938 | -48.4% |
| Suppliers | 440/4 | €1,939 | €1,001 | -€938 | -48.4% |
| Taxes, remuneration and social security | 45 | €2,629 | €820 | -€1,809 | -68.8% |
| Taxes | 450/3 | €2,629 | €820 | -€1,809 | -68.8% |
| Other amounts payable | 47/48 | €54 | €0 | -€54 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,386 | €18,723 | +€337 | +1.8% |
| Other operating charges | 640/8 | €2,931 | €2,689 | -€243 | -8.3% |
| Gross operating margin | 9900 | €78,336 | €85,871 | +€7,535 | +9.6% |
| Operating profit (loss) | 9901 | €57,018 | €64,459 | +€7,440 | +13.0% |
| Financial income | 75/76B | €10 | €1 | -€9 | -90.1% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.1% |
| Financial charges | 65/66B | €1,682 | €1,341 | -€342 | -20.3% |
| Recurring financial charges | 65 | €1,682 | €1,341 | -€342 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €55,346 | €63,119 | +€7,773 | +14.0% |
| Income taxes | 67/77 | €12,917 | €14,319 | +€1,402 | +10.9% |
| Profit (loss) for the period | 9904 | €42,429 | €48,801 | +€6,372 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,429 | €48,801 | +€6,372 | +15.0% |
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 9 October 2026 via checked.be.