Sleutel Service: 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.
Sleutel Service
Largest movements
- Tangible fixed assets -€11,418
down €11,418 (-4.6%), from €246,191 to €234,773
of which Other tangible fixed assets: -€6,864
- Stocks and contracts -€10,953
down €10,953 (-22.4%), from €48,913 to €37,960
of which Contracts in progress: -€6,884
- Debts after one year -€24,470
down €24,470 (-62.3%), from €39,277 to €14,808
- Other debts +€20,169
up €20,169 (+17.3%), from €116,439 to €136,607
- Short-term financial debts -€12,763
down €12,763 (-34.3%), from €37,232 to €24,470
- Profit (loss) carried forward -€11,048
down €11,048 (-68.8%), from -€16,060 to -€27,108
- Tax, wage and social debts +€9,098
up €9,098 (+115%), from €7,902 to €16,999
of which Remuneration and social security: +€12,500
- Gross operating margin +€4,582
up €4,582 (+13.6%), from €33,744 to €38,326
- Depreciation +€2,209
up €2,209 (+5.3%), from €41,792 to €44,001
- Financial charges -€1,811
down €1,811 (-37.6%), from €4,823 to €3,012
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 | €319,960 | €297,021 | -€22,939 | -7.2% |
| Fixed assets | 21/28 | €246,361 | €234,943 | -€11,418 | -4.6% |
| Tangible fixed assets | 22/27 | €246,191 | €234,773 | -€11,418 | -4.6% |
| Land and buildings | 22 | €67,663 | €63,054 | -€4,609 | -6.8% |
| Plant, machinery and equipment | 23 | €14,727 | €12,036 | -€2,690 | -18.3% |
| Furniture and vehicles | 24 | €69,172 | €75,982 | +€6,810 | +9.8% |
| Leasing and similar rights | 25 | €4,064 | - | -€4,064 | |
| Other tangible fixed assets | 26 | €90,565 | €83,701 | -€6,864 | -7.6% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €73,599 | €62,078 | -€11,521 | -15.7% |
| Stocks and contracts in progress | 3 | €48,913 | €37,960 | -€10,953 | -22.4% |
| Stocks | 30/36 | €41,850 | €37,781 | -€4,069 | -9.7% |
| Contracts in progress | 37 | €7,063 | €179 | -€6,884 | -97.5% |
| Amounts receivable within one year | 40/41 | €5,191 | €5,000 | -€191 | -3.7% |
| Trade receivables | 40 | €4,296 | €4,277 | -€20 | -0.5% |
| Other amounts receivable | 41 | €895 | €723 | -€171 | -19.1% |
| Cash at bank and in hand | 54/58 | €16,083 | €15,115 | -€967 | -6.0% |
| Deferred charges and accrued income | 490/1 | €3,411 | €4,003 | +€591 | +17.3% |
| Total equity and liabilities | 10/49 | €319,960 | €297,021 | -€22,939 | -7.2% |
| Equity | 10/15 | €105,149 | €94,101 | -€11,048 | -10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €101,209 | €101,209 | = | 0.0% |
| Tax-exempt reserves | 132 | €713 | €713 | = | 0.0% |
| Distributable reserves | 133 | €100,497 | €100,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,060 | -€27,108 | -€11,048 | -68.8% |
| Amounts payable | 17/49 | €214,810 | €202,920 | -€11,891 | -5.5% |
| Amounts payable after more than one year | 17 | €39,277 | €14,808 | -€24,470 | -62.3% |
| Financial debts | 170/4 | €39,277 | €14,808 | -€24,470 | -62.3% |
| Amounts payable within one year | 42/48 | €171,642 | €182,408 | +€10,766 | +6.3% |
| Financial debts | 43 | €37,232 | €24,470 | -€12,763 | -34.3% |
| Credit institutions | 430/8 | €37,232 | €24,470 | -€12,763 | -34.3% |
| Trade debts | 44 | €10,069 | €4,332 | -€5,737 | -57.0% |
| Suppliers | 440/4 | €10,069 | €4,332 | -€5,737 | -57.0% |
| Taxes, remuneration and social security | 45 | €7,902 | €16,999 | +€9,098 | +115% |
| Taxes | 450/3 | €7,902 | €4,499 | -€3,402 | -43.1% |
| Remuneration and social security | 454/9 | - | €12,500 | +€12,500 | |
| Other amounts payable | 47/48 | €116,439 | €136,607 | +€20,169 | +17.3% |
| Accrued charges and deferred income | 492/3 | €3,891 | €5,704 | +€1,813 | +46.6% |
| Non-recurring operating income | 76A | €502 | €9,806 | +€9,304 | +1,855% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,792 | €44,001 | +€2,209 | +5.3% |
| Other operating charges | 640/8 | €2,650 | €2,336 | -€313 | -11.8% |
| Gross operating margin | 9900 | €33,744 | €38,326 | +€4,582 | +13.6% |
| Operating profit (loss) | 9901 | -€10,697 | -€8,011 | +€2,686 | +25.1% |
| Financial income | 75/76B | €358 | €276 | -€82 | -23.0% |
| Recurring financial income | 75 | €358 | €276 | -€82 | -23.0% |
| Financial charges | 65/66B | €4,823 | €3,012 | -€1,811 | -37.6% |
| Recurring financial charges | 65 | €4,823 | €3,012 | -€1,811 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,162 | -€10,747 | +€4,415 | +29.1% |
| Income taxes | 67/77 | €298 | €301 | +€3 | +1.1% |
| Profit (loss) for the period | 9904 | -€15,460 | -€11,048 | +€4,412 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,460 | -€11,048 | +€4,412 | +28.5% |
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 23 October 2026 via checked.be.