SLENDERS: 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.
SLENDERS
Largest movements
- Cash +€46,375
up €46,375 (+284%), from €16,349 to €62,724
mainly Depreciation (+€27,444) and Current investments (+€26,984)
- Current investments -€26,984
no longer reported in 2025 (was €26,984)
- Tangible fixed assets -€21,240
down €21,240 (-28.3%), from €75,185 to €53,944
of which Furniture and vehicles: -€14,927
- Receivables within one year -€7,565
down €7,565 (-30.5%), from €24,769 to €17,204
of which Trade receivables: -€7,565
- Stocks and contracts +€3,380
new in 2025: €3,380
- Other debts +€25,127
up €25,127 (+76.8%), from €32,719 to €57,845
- Debts after one year -€22,617
down €22,617 (-100%), from €22,617 to €0
of which Other amounts payable: -€20,000
- Reserves -€5,233
down €5,233 (-8.6%), from €60,984 to €55,752
- Tax, wage and social debts -€1,950
down €1,950 (-26.3%), from €7,418 to €5,469
- Depreciation +€5,736
up €5,736 (+26.4%), from €21,708 to €27,444
- Taxes -€1,761
down €1,761 (-21.3%), from €8,284 to €6,523
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 | €146,426 | €142,353 | -€4,073 | -2.8% |
| Fixed assets | 21/28 | €75,185 | €53,944 | -€21,240 | -28.3% |
| Tangible fixed assets | 22/27 | €75,185 | €53,944 | -€21,240 | -28.3% |
| Land and buildings | 22 | €10,297 | €9,257 | -€1,040 | -10.1% |
| Plant, machinery and equipment | 23 | €5,207 | €2,735 | -€2,472 | -47.5% |
| Furniture and vehicles | 24 | €44,359 | €29,431 | -€14,927 | -33.7% |
| Other tangible fixed assets | 26 | €15,323 | €12,521 | -€2,801 | -18.3% |
| Current assets | 29/58 | €71,241 | €88,408 | +€17,167 | +24.1% |
| Stocks and contracts in progress | 3 | - | €3,380 | +€3,380 | |
| Contracts in progress | 37 | - | €3,380 | +€3,380 | |
| Amounts receivable within one year | 40/41 | €24,769 | €17,204 | -€7,565 | -30.5% |
| Trade receivables | 40 | €15,769 | €8,204 | -€7,565 | -48.0% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Current investments | 50/53 | €26,984 | - | -€26,984 | |
| Cash at bank and in hand | 54/58 | €16,349 | €62,724 | +€46,375 | +284% |
| Deferred charges and accrued income | 490/1 | €3,138 | €5,099 | +€1,961 | +62.5% |
| Total equity and liabilities | 10/49 | €146,426 | €142,353 | -€4,073 | -2.8% |
| Equity | 10/15 | €79,584 | €74,352 | -€5,233 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,984 | €55,752 | -€5,233 | -8.6% |
| Distributable reserves | 133 | €60,984 | €55,752 | -€5,233 | -8.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,842 | €68,001 | +€1,159 | +1.7% |
| Amounts payable after more than one year | 17 | €22,617 | €0 | -€22,617 | -100% |
| Financial debts | 170/4 | €2,617 | €0 | -€2,617 | -100% |
| Other amounts payable | 178/9 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €44,225 | €68,001 | +€23,776 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €3,452 | €2,617 | -€835 | -24.2% |
| Trade debts | 44 | €636 | €2,071 | +€1,434 | +225% |
| Suppliers | 440/4 | €636 | €2,071 | +€1,434 | +225% |
| Taxes, remuneration and social security | 45 | €7,418 | €5,469 | -€1,950 | -26.3% |
| Taxes | 450/3 | €7,418 | €5,469 | -€1,950 | -26.3% |
| Other amounts payable | 47/48 | €32,719 | €57,845 | +€25,127 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,708 | €27,444 | +€5,736 | +26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,921 | €1,955 | +€33 | +1.7% |
| Non-recurring operating charges | 66A | - | €135 | +€135 | |
| Gross operating margin | 9900 | €50,162 | €50,485 | +€323 | +0.6% |
| Operating profit (loss) | 9901 | €26,532 | €20,951 | -€5,581 | -21.0% |
| Financial income | 75/76B | €172 | €131 | -€41 | -23.7% |
| Recurring financial income | 75 | €172 | €131 | -€41 | -23.7% |
| Financial charges | 65/66B | €453 | €295 | -€159 | -35.0% |
| Recurring financial charges | 65 | €453 | €295 | -€159 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €26,250 | €20,788 | -€5,463 | -20.8% |
| Income taxes | 67/77 | €8,284 | €6,523 | -€1,761 | -21.3% |
| Profit (loss) for the period | 9904 | €17,966 | €14,265 | -€3,702 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,966 | €14,265 | -€3,702 | -20.6% |
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 28 October 2026 via checked.be.