SLEUTEL - DIENST - EXPRESS: 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.
What changed
SLEUTEL - DIENST - EXPRESS
NACE 47.525, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€192,679
2024 · €269,083-€76,404
Equity
€3.6m
2024 · €3.5m+€92,679
Cash
€1.4m
2024 · €1.4m-€6,332
Balance sheet total
€3.9m
2024 · €3.8m+€94,943
Largest movements
Assets
- Tangible fixed assets +€39,048
up €39,048 (+3.6%), from €1.1m to €1.1m
of which Furniture and vehicles: +€51,208
Equity and liabilities
- Reserves +€92,679
up €92,679 (+2.6%), from €3.5m to €3.6m
of which Distributable reserves: +€92,679
Income statement
- Purchases and services +€101,874
up €101,874 (+13.2%), from €770,156 to €872,030
- Gross operating margin -€59,560
down €59,560 (-7.4%), from €805,040 to €745,480
- Turnover +€42,319
up €42,319 (+2.7%), from €1.6m to €1.6m
- Staff costs +€19,074
up €19,074 (+6.2%), from €308,790 to €327,864
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.
Result 2024
€269,083
Gross operating margin
-€59,560
Staff costs
-€19,074
Depreciation
-€8,692
Write-downs
+€4,960
Provisions
-€36
Other operating charges
-€590
Financial income
+€2,436
Financial charges
-€575
Taxes
+€4,727
Result 2025
€192,679
raises the resultlowers the result
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.
From operations
+€257,950
Investment
-€164,282
Financing
-€100,000
Cash 2024
€1.4m
From operations (derived)
+€257,950
Net result for the year
+€192,679
Depreciation
+€125,234
Stocks and contracts
-€19,841
Receivables within one year
-€34,681
Deferred charges and accrued income
-€7,705
Provisions
+€693
Trade debts
+€2,592
Tax, wage and social debts
-€7,878
Other debts
+€6,857
Investment (derived)
-€164,282
Investment in fixed assets (net)
-€164,282
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,760,530 | €3,855,473 | +€94,943 | +2.5% |
| Fixed assets | 21/28 | €1,074,219 | €1,113,267 | +€39,048 | +3.6% |
| Tangible fixed assets | 22/27 | €1,073,368 | €1,112,416 | +€39,048 | +3.6% |
| Land and buildings | 22 | €944,176 | €934,993 | -€9,183 | -1.0% |
| Plant, machinery and equipment | 23 | €9,313 | €6,336 | -€2,977 | -32.0% |
| Furniture and vehicles | 24 | €119,879 | €171,087 | +€51,208 | +42.7% |
| Financial fixed assets | 28 | €851 | €851 | = | 0.0% |
| Current assets | 29/58 | €2,686,311 | €2,742,206 | +€55,895 | +2.1% |
| Stocks and contracts in progress | 3 | €1,030,615 | €1,050,456 | +€19,841 | +1.9% |
| Stocks | 30/36 | €1,030,615 | €1,050,456 | +€19,841 | +1.9% |
| Amounts receivable within one year | 40/41 | €198,346 | €233,027 | +€34,681 | +17.5% |
| Trade receivables | 40 | €102,766 | €133,989 | +€31,223 | +30.4% |
| Other amounts receivable | 41 | €95,580 | €99,038 | +€3,458 | +3.6% |
| Cash at bank and in hand | 54/58 | €1,430,726 | €1,424,394 | -€6,332 | -0.4% |
| Deferred charges and accrued income | 490/1 | €26,624 | €34,329 | +€7,705 | +28.9% |
| Total equity and liabilities | 10/49 | €3,760,530 | €3,855,473 | +€94,943 | +2.5% |
| Equity | 10/15 | €3,528,028 | €3,620,707 | +€92,679 | +2.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,509,278 | €3,601,957 | +€92,679 | +2.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,059 | €1,059 | = | 0.0% |
| Distributable reserves | 133 | €3,506,344 | €3,599,023 | +€92,679 | +2.6% |
| Provisions and deferred taxes | 16 | €18,303 | €18,996 | +€693 | +3.8% |
| Provisions for liabilities and charges | 160/5 | €18,303 | €18,996 | +€693 | +3.8% |
| Other liabilities and charges | 164/5 | €18,303 | €18,996 | +€693 | +3.8% |
| Amounts payable | 17/49 | €214,199 | €215,770 | +€1,571 | +0.7% |
| Amounts payable within one year | 42/48 | €214,199 | €215,770 | +€1,571 | +0.7% |
| Trade debts | 44 | €52,856 | €55,448 | +€2,592 | +4.9% |
| Suppliers | 440/4 | €52,856 | €55,448 | +€2,592 | +4.9% |
| Advances received on contracts in progress | 46 | €5,130 | €5,130 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €60,874 | €52,996 | -€7,878 | -12.9% |
| Taxes | 450/3 | €50,874 | €40,275 | -€10,599 | -20.8% |
| Remuneration and social security | 454/9 | €10,000 | €12,721 | +€2,721 | +27.2% |
| Other amounts payable | 47/48 | €95,339 | €102,196 | +€6,857 | +7.2% |
| Turnover | 70 | €1,575,196 | €1,617,515 | +€42,319 | +2.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €770,156 | €872,030 | +€101,874 | +13.2% |
| Remuneration, social security and pensions | 62 | €308,790 | €327,864 | +€19,074 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,542 | €125,234 | +€8,692 | +7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,070 | €110 | -€4,960 | -97.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €656 | €692 | +€36 | +5.5% |
| Other operating charges | 640/8 | €13,948 | €14,538 | +€590 | +4.2% |
| Gross operating margin | 9900 | €805,040 | €745,480 | -€59,560 | -7.4% |
| Operating profit (loss) | 9901 | €360,034 | €277,042 | -€82,992 | -23.1% |
| Financial income | 75/76B | €7,209 | €9,645 | +€2,436 | +33.8% |
| Recurring financial income | 75 | €7,209 | €9,645 | +€2,436 | +33.8% |
| Financial charges | 65/66B | €2,042 | €2,617 | +€575 | +28.2% |
| Recurring financial charges | 65 | €2,042 | €2,617 | +€575 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €365,201 | €284,070 | -€81,131 | -22.2% |
| Income taxes | 67/77 | €96,118 | €91,391 | -€4,727 | -4.9% |
| Profit (loss) for the period | 9904 | €269,083 | €192,679 | -€76,404 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €269,083 | €192,679 | -€76,404 | -28.4% |
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.