SLIERT: 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.
SLIERT
Largest movements
- Receivables within one year +€106,335
up €106,335 (+45.0%), from €236,242 to €342,577
of which Other amounts receivable: +€106,543
- Tangible fixed assets -€17,707
down €17,707 (-24.4%), from €72,502 to €54,795
of which Other tangible fixed assets: -€9,775
- Reserves +€72,437
up €72,437 (+40.6%), from €178,560 to €250,998
- Other debts +€10,778
up €10,778 (+21.6%), from €50,010 to €60,788
- Trade debts +€10,524
up €10,524 (+28.9%), from €36,377 to €46,901
- Current portion of long-term debt -€8,634
down €8,634 (-100%), from €8,634 to €0
- Tax, wage and social debts +€4,646
up €4,646 (+8.7%), from €53,358 to €58,003
of which Remuneration and social security: +€2,510
- Staff costs -€29,170
down €29,170 (-8.5%), from €342,369 to €313,199
- Gross operating margin -€27,652
down €27,652 (-5.1%), from €537,325 to €509,673
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 | €346,989 | €438,139 | +€91,150 | +26.3% |
| Fixed assets | 21/28 | €75,502 | €57,795 | -€17,707 | -23.5% |
| Tangible fixed assets | 22/27 | €72,502 | €54,795 | -€17,707 | -24.4% |
| Plant, machinery and equipment | 23 | €28,482 | €23,003 | -€5,479 | -19.2% |
| Furniture and vehicles | 24 | €10,223 | €7,770 | -€2,453 | -24.0% |
| Other tangible fixed assets | 26 | €33,798 | €24,023 | -€9,775 | -28.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €271,487 | €380,344 | +€108,857 | +40.1% |
| Stocks and contracts in progress | 3 | €23,331 | €26,959 | +€3,628 | +15.5% |
| Stocks | 30/36 | €23,331 | €26,959 | +€3,628 | +15.5% |
| Amounts receivable within one year | 40/41 | €236,242 | €342,577 | +€106,335 | +45.0% |
| Trade receivables | 40 | €5,538 | €5,331 | -€208 | -3.8% |
| Other amounts receivable | 41 | €230,704 | €337,247 | +€106,543 | +46.2% |
| Cash at bank and in hand | 54/58 | €5,684 | €2,173 | -€3,511 | -61.8% |
| Deferred charges and accrued income | 490/1 | €6,229 | €8,634 | +€2,405 | +38.6% |
| Total equity and liabilities | 10/49 | €346,989 | €438,139 | +€91,150 | +26.3% |
| Equity | 10/15 | €197,160 | €269,598 | +€72,437 | +36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,560 | €250,998 | +€72,437 | +40.6% |
| Distributable reserves | 133 | €178,560 | €250,998 | +€72,437 | +40.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,829 | €168,541 | +€18,713 | +12.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €148,379 | €165,691 | +€17,313 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,634 | €0 | -€8,634 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €36,377 | €46,901 | +€10,524 | +28.9% |
| Suppliers | 440/4 | €36,377 | €46,901 | +€10,524 | +28.9% |
| Taxes, remuneration and social security | 45 | €53,358 | €58,003 | +€4,646 | +8.7% |
| Taxes | 450/3 | €18,264 | €20,400 | +€2,136 | +11.7% |
| Remuneration and social security | 454/9 | €35,094 | €37,603 | +€2,510 | +7.2% |
| Other amounts payable | 47/48 | €50,010 | €60,788 | +€10,778 | +21.6% |
| Accrued charges and deferred income | 492/3 | €1,450 | €2,850 | +€1,400 | +96.6% |
| Remuneration, social security and pensions | 62 | €342,369 | €313,199 | -€29,170 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,988 | €23,081 | +€1,093 | +5.0% |
| Other operating charges | 640/8 | €8,481 | €3,130 | -€5,351 | -63.1% |
| Gross operating margin | 9900 | €537,325 | €509,673 | -€27,652 | -5.1% |
| Operating profit (loss) | 9901 | €164,488 | €170,263 | +€5,775 | +3.5% |
| Financial income | 75/76B | €2,570 | €3,985 | +€1,415 | +55.0% |
| Recurring financial income | 75 | €2,570 | €3,985 | +€1,415 | +55.0% |
| Financial charges | 65/66B | €5,750 | €9,085 | +€3,335 | +58.0% |
| Recurring financial charges | 65 | €5,750 | €9,085 | +€3,335 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €161,308 | €165,163 | +€3,855 | +2.4% |
| Income taxes | 67/77 | €41,510 | €42,726 | +€1,216 | +2.9% |
| Profit (loss) for the period | 9904 | €119,798 | €122,437 | +€2,639 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €119,798 | €122,437 | +€2,639 | +2.2% |
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 16 October 2026 via checked.be.