SLHIMO: what changed
Two fiscal 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.
SLHIMO
Largest movements
- Tangible fixed assets -€80,491
down €80,491 (-7.8%), from €1.0m to €950,943
of which Land and buildings: -€81,091
- Cash +€42,350
up €42,350 (+147.9%), from €28,626 to €70,976
mainly Depreciation (+€81,763) and Net result for the year (+€53,052)
- Current portion of long-term debt -€44,895
down €44,895 (-52.9%), from €84,859 to €39,964
- Debts after one year -€39,964
down €39,964 (-24.2%), from €164,964 to €125,000
- Other debts +€37,061
up €37,061 (+15.7%), from €236,449 to €273,510
- Reserves +€24,558
up €24,558 (+4.8%), from €507,423 to €531,981
of which Distributable reserves: +€38,122
- Gross operating margin +€12,850
up €12,850 (+6.9%), from €185,708 to €198,559
- Other operating charges -€5,647
down €5,647 (-15.4%), from €36,644 to €30,997
- Taxes +€3,502
up €3,502 (+13.7%), from €25,637 to €29,139
- Depreciation +€2,838
up €2,838 (+3.6%), from €78,925 to €81,763
- Financial income +€2,601
up €2,601 (+52.4%), from €4,965 to €7,566
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.
Cash bridge derived
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 | €1,300,920 | €1,265,190 | -€35,730 | -2.7% |
| Fixed assets | 21/28 | €1,031,434 | €950,943 | -€80,491 | -7.8% |
| Tangible fixed assets | 22/27 | €1,031,434 | €950,943 | -€80,491 | -7.8% |
| Land and buildings | 22 | €1,031,434 | €950,343 | -€81,091 | -7.9% |
| Furniture and vehicles | 24 | - | €599 | +€599 | |
| Current assets | 29/58 | €269,486 | €314,247 | +€44,761 | +16.6% |
| Amounts receivable within one year | 40/41 | €860 | €3,271 | +€2,411 | +280.4% |
| Trade receivables | 40 | - | €3,271 | +€3,271 | |
| Other amounts receivable | 41 | €860 | €0 | -€860 | -100.0% |
| Current investments | 50/53 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,626 | €70,976 | +€42,350 | +147.9% |
| Total equity and liabilities | 10/49 | €1,300,920 | €1,265,190 | -€35,730 | -2.7% |
| Equity | 10/15 | €702,430 | €726,988 | +€24,558 | +3.5% |
| Contributions | 10/11 | €195,007 | €195,007 | = | 0.0% |
| Capital | 10 | €195,007 | €195,007 | = | 0.0% |
| Issued capital | 100 | €195,007 | €195,007 | = | 0.0% |
| Reserves | 13 | €507,423 | €531,981 | +€24,558 | +4.8% |
| Non-distributable reserves | 130/1 | €19,501 | €19,501 | = | 0.0% |
| Legal reserve | 130 | €19,501 | €19,501 | = | 0.0% |
| Tax-exempt reserves | 132 | €224,745 | €211,182 | -€13,563 | -6.0% |
| Distributable reserves | 133 | €263,177 | €301,298 | +€38,122 | +14.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €74,915 | €70,394 | -€4,521 | -6.0% |
| Deferred taxes | 168 | €74,915 | €70,394 | -€4,521 | -6.0% |
| Amounts payable | 17/49 | €523,576 | €467,808 | -€55,767 | -10.7% |
| Amounts payable after more than one year | 17 | €164,964 | €125,000 | -€39,964 | -24.2% |
| Financial debts | 170/4 | €164,964 | €125,000 | -€39,964 | -24.2% |
| Amounts payable within one year | 42/48 | €344,732 | €329,867 | -€14,865 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €84,859 | €39,964 | -€44,895 | -52.9% |
| Trade debts | 44 | €2,185 | €7,566 | +€5,381 | +246.2% |
| Suppliers | 440/4 | €2,185 | €7,566 | +€5,381 | +246.2% |
| Advances received on contracts in progress | 46 | - | €465 | +€465 | |
| Taxes, remuneration and social security | 45 | €21,238 | €8,361 | -€12,877 | -60.6% |
| Taxes | 450/3 | €21,238 | €8,361 | -€12,877 | -60.6% |
| Other amounts payable | 47/48 | €236,449 | €273,510 | +€37,061 | +15.7% |
| Accrued charges and deferred income | 492/3 | €13,880 | €12,941 | -€939 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,925 | €81,763 | +€2,838 | +3.6% |
| Other operating charges | 640/8 | €36,644 | €30,997 | -€5,647 | -15.4% |
| Gross operating margin | 9900 | €185,708 | €198,559 | +€12,850 | +6.9% |
| Operating profit (loss) | 9901 | €70,140 | €85,799 | +€15,659 | +22.3% |
| Financial income | 75/76B | €4,965 | €7,566 | +€2,601 | +52.4% |
| Recurring financial income | 75 | €4,965 | €7,566 | +€2,601 | +52.4% |
| Financial charges | 65/66B | €16,954 | €15,695 | -€1,259 | -7.4% |
| Recurring financial charges | 65 | €16,954 | €15,695 | -€1,259 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €58,151 | €77,669 | +€19,519 | +33.6% |
| Transfer from deferred taxes | 780 | €4,521 | €4,521 | = | 0.0% |
| Income taxes | 67/77 | €25,637 | €29,139 | +€3,502 | +13.7% |
| Profit (loss) for the period | 9904 | €37,035 | €53,052 | +€16,017 | +43.2% |
| Transfer from tax-exempt reserves | 789 | €13,563 | €13,563 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,598 | €66,615 | +€16,017 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.