SLEUTELCENTRALE: 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.
SLEUTELCENTRALE
Largest movements
- Cash +€23,486
up €23,486 (+29.6%), from €79,444 to €102,930
mainly Net result for the year (+€35,800) and Receivables within one year (+€15,900)
- Receivables within one year -€15,900
down €15,900 (-35.2%), from €45,123 to €29,224
of which Trade receivables: -€15,823
- Stocks and contracts -€4,306
down €4,306 (-5.8%), from €74,189 to €69,884
- Reserves +€35,800
up €35,800 (+22.1%), from €161,844 to €197,643
of which Distributable reserves: +€35,800
- Debts after one year -€11,974
down €11,974 (-100%), from €11,974 to €0
- Current portion of long-term debt -€11,445
down €11,445 (-48.9%), from €23,420 to €11,974
- Tax, wage and social debts -€5,663
down €5,663 (-21.2%), from €26,744 to €21,081
of which Taxes: -€6,706
- Gross operating margin -€14,154
down €14,154 (-11.3%), from €125,724 to €111,569
- Staff costs +€6,772
up €6,772 (+21.2%), from €31,909 to €38,681
- Taxes -€4,896
down €4,896 (-22.3%), from €21,959 to €17,063
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 | €377,577 | €385,283 | +€7,705 | +2.0% |
| Fixed assets | 21/28 | €174,068 | €176,390 | +€2,322 | +1.3% |
| Tangible fixed assets | 22/27 | €174,068 | €176,390 | +€2,322 | +1.3% |
| Land and buildings | 22 | €164,987 | €169,970 | +€4,982 | +3.0% |
| Plant, machinery and equipment | 23 | €9,081 | €6,421 | -€2,660 | -29.3% |
| Current assets | 29/58 | €203,509 | €208,892 | +€5,383 | +2.6% |
| Stocks and contracts in progress | 3 | €74,189 | €69,884 | -€4,306 | -5.8% |
| Stocks | 30/36 | €74,189 | €69,884 | -€4,306 | -5.8% |
| Amounts receivable within one year | 40/41 | €45,123 | €29,224 | -€15,900 | -35.2% |
| Trade receivables | 40 | €45,047 | €29,224 | -€15,823 | -35.1% |
| Other amounts receivable | 41 | €77 | €0 | -€77 | -100% |
| Current investments | 50/53 | €2,345 | €4,438 | +€2,092 | +89.2% |
| Cash at bank and in hand | 54/58 | €79,444 | €102,930 | +€23,486 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,407 | €2,417 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €377,577 | €385,283 | +€7,705 | +2.0% |
| Equity | 10/15 | €289,855 | €325,654 | +€35,800 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €161,844 | €197,643 | +€35,800 | +22.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,844 | €197,643 | +€35,800 | +22.1% |
| Profit (loss) carried forward | 14 | €109,419 | €109,419 | = | 0.0% |
| Amounts payable | 17/49 | €87,722 | €59,628 | -€28,094 | -32.0% |
| Amounts payable after more than one year | 17 | €11,974 | €0 | -€11,974 | -100% |
| Financial debts | 170/4 | €11,974 | €0 | -€11,974 | -100% |
| Amounts payable within one year | 42/48 | €75,748 | €59,628 | -€16,120 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €23,420 | €11,974 | -€11,445 | -48.9% |
| Trade debts | 44 | €16,998 | €17,315 | +€317 | +1.9% |
| Suppliers | 440/4 | €16,998 | €17,315 | +€317 | +1.9% |
| Taxes, remuneration and social security | 45 | €26,744 | €21,081 | -€5,663 | -21.2% |
| Taxes | 450/3 | €17,990 | €11,284 | -€6,706 | -37.3% |
| Remuneration and social security | 454/9 | €8,754 | €9,797 | +€1,043 | +11.9% |
| Other amounts payable | 47/48 | €8,586 | €9,257 | +€671 | +7.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,909 | €38,681 | +€6,772 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,613 | €10,223 | -€390 | -3.7% |
| Other operating charges | 640/8 | €4,405 | €4,034 | -€371 | -8.4% |
| Non-recurring operating charges | 66A | €4,008 | €3,393 | -€615 | -15.3% |
| Gross operating margin | 9900 | €125,724 | €111,569 | -€14,154 | -11.3% |
| Operating profit (loss) | 9901 | €74,789 | €55,238 | -€19,551 | -26.1% |
| Financial income | 75/76B | €78 | €95 | +€17 | +21.6% |
| Recurring financial income | 75 | €78 | €95 | +€17 | +21.6% |
| Financial charges | 65/66B | €3,546 | €2,470 | -€1,075 | -30.3% |
| Recurring financial charges | 65 | €3,546 | €2,470 | -€1,075 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €71,321 | €52,862 | -€18,459 | -25.9% |
| Income taxes | 67/77 | €21,959 | €17,063 | -€4,896 | -22.3% |
| Profit (loss) for the period | 9904 | €49,362 | €35,800 | -€13,563 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,362 | €35,800 | -€13,563 | -27.5% |
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 24 October 2026 via checked.be.