SLG Vastgoed: 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.
SLG Vastgoed
Largest movements
- Receivables within one year -€443,573
down €443,573 (-57.9%), from €765,620 to €322,048
of which Trade receivables: -€443,573
- Cash +€300,679
up €300,679 (+2,377%), from €12,650 to €313,329
mainly Receivables within one year (+€443,573) and Net result for the year (+€266,722)
- Deferred charges and accrued income -€231,716
down €231,716 (-25.0%), from €927,703 to €695,987
- Tangible fixed assets -€104,967
down €104,967 (-12.2%), from €857,446 to €752,479
of which Plant, machinery and equipment: -€102,202
- Debts after one year -€350,000
down €350,000 (-18.4%), from €1.9m to €1.6m
- Profit (loss) carried forward +€266,722
up €266,722 (+212%), from €125,533 to €392,255
- Accrued charges and deferred income -€256,699
down €256,699 (-99.5%), from €257,952 to €1,253
- Trade debts -€240,699
down €240,699 (-77.8%), from €309,286 to €68,587
- Tax, wage and social debts +€110,807
up €110,807 (+226%), from €48,939 to €159,746
- Financial charges -€613,150
down €613,150 (-91.2%), from €672,559 to €59,408
of which Non-recurring financial charges: -€608,175
- Write-downs +€498,093
no longer reported in 2025 (was -€498,093)
- Turnover +€77,806
up €77,806 (+5.8%), from €1.4m to €1.4m
- Taxes +€45,570
up €45,570 (+94.5%), from €48,218 to €93,788
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 | €2,963,419 | €2,483,842 | -€479,577 | -16.2% |
| Fixed assets | 21/28 | €1,257,446 | €1,152,479 | -€104,967 | -8.3% |
| Tangible fixed assets | 22/27 | €857,446 | €752,479 | -€104,967 | -12.2% |
| Land and buildings | 22 | €15,682 | €13,132 | -€2,550 | -16.3% |
| Plant, machinery and equipment | 23 | €839,201 | €736,998 | -€102,202 | -12.2% |
| Leasing and similar rights | 25 | €2,564 | €2,349 | -€215 | -8.4% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Affiliated companies | 280/1 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable | 281 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €1,705,973 | €1,331,363 | -€374,610 | -22.0% |
| Amounts receivable within one year | 40/41 | €765,620 | €322,048 | -€443,573 | -57.9% |
| Trade receivables | 40 | €765,394 | €321,821 | -€443,573 | -58.0% |
| Other amounts receivable | 41 | €227 | €227 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,650 | €313,329 | +€300,679 | +2,377% |
| Deferred charges and accrued income | 490/1 | €927,703 | €695,987 | -€231,716 | -25.0% |
| Total equity and liabilities | 10/49 | €2,963,419 | €2,483,842 | -€479,577 | -16.2% |
| Equity | 10/15 | €437,533 | €704,255 | +€266,722 | +61.0% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,533 | €392,255 | +€266,722 | +212% |
| Amounts payable | 17/49 | €2,525,886 | €1,779,587 | -€746,299 | -29.5% |
| Amounts payable after more than one year | 17 | €1,900,000 | €1,550,000 | -€350,000 | -18.4% |
| Financial debts | 170/4 | €1,900,000 | €1,550,000 | -€350,000 | -18.4% |
| Other loans | 174 | €1,900,000 | €1,550,000 | -€350,000 | -18.4% |
| Amounts payable within one year | 42/48 | €367,934 | €228,334 | -€139,600 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €9,708 | - | -€9,708 | |
| Trade debts | 44 | €309,286 | €68,587 | -€240,699 | -77.8% |
| Suppliers | 440/4 | €309,286 | €68,587 | -€240,699 | -77.8% |
| Taxes, remuneration and social security | 45 | €48,939 | €159,746 | +€110,807 | +226% |
| Taxes | 450/3 | €48,939 | €159,746 | +€110,807 | +226% |
| Accrued charges and deferred income | 492/3 | €257,952 | €1,253 | -€256,699 | -99.5% |
| Operating income | 70/76A | €1,350,961 | €1,428,768 | +€77,806 | +5.8% |
| Turnover | 70 | €1,350,961 | €1,428,768 | +€77,806 | +5.8% |
| Operating charges | 60/66A | €520,259 | €1,018,849 | +€498,590 | +95.8% |
| Services and other goods | 61 | €801,902 | €802,831 | +€929 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,967 | €104,967 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€498,093 | - | +€498,093 | |
| Other operating charges | 640/8 | €111,483 | €111,051 | -€431 | -0.4% |
| Operating profit (loss) | 9901 | €830,702 | €409,918 | -€420,784 | -50.7% |
| Financial income | 75/76B | €19,932 | €10,001 | -€9,932 | -49.8% |
| Recurring financial income | 75 | €19,932 | €10,001 | -€9,932 | -49.8% |
| Income from current assets | 751 | €19,932 | €10,001 | -€9,932 | -49.8% |
| Financial charges | 65/66B | €672,559 | €59,408 | -€613,150 | -91.2% |
| Recurring financial charges | 65 | €64,383 | €59,408 | -€4,975 | -7.7% |
| Debt charges | 650 | €63,038 | €58,090 | -€4,948 | -7.8% |
| Other financial charges | 652/9 | €1,346 | €1,319 | -€27 | -2.0% |
| Non-recurring financial charges | 66B | €608,175 | - | -€608,175 | |
| Profit (loss) for the period before taxes | 9903 | €178,076 | €360,511 | +€182,435 | +102% |
| Income taxes | 67/77 | €48,218 | €93,788 | +€45,570 | +94.5% |
| Taxes | 670/3 | €48,218 | €93,788 | +€45,570 | +94.5% |
| Profit (loss) for the period | 9904 | €129,858 | €266,722 | +€136,865 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €129,858 | €266,722 | +€136,865 | +105% |
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 17 October 2026 via checked.be.