SLIMVEST: 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.
SLIMVEST
Largest movements
- Tangible fixed assets +€389,533
up €389,533 (+51.0%), from €763,728 to €1.2m
- Cash -€43,449
down €43,449 (-36.9%), from €117,654 to €74,205
mainly Investment in fixed assets (net) (-€429,562) and Other debts (-€8,673)
- Debts after one year +€315,279
up €315,279 (+61.1%), from €515,810 to €831,089
- Current portion of long-term debt +€32,827
up €32,827 (+43.9%), from €74,777 to €107,604
- Other operating charges -€29,280
down €29,280 (-98.2%), from €29,810 to €530
- Financial charges +€14,569
up €14,569 (+71.2%), from €20,470 to €35,039
- Depreciation +€10,510
up €10,510 (+35.6%), from €29,520 to €40,030
- Gross operating margin +€8,464
up €8,464 (+12.2%), from €69,137 to €77,601
- Taxes -€3,584
no longer reported in 2025 (was €3,584)
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 | €886,566 | €1,227,466 | +€340,900 | +38.5% |
| Fixed assets | 21/28 | €763,728 | €1,153,261 | +€389,533 | +51.0% |
| Tangible fixed assets | 22/27 | €763,728 | €1,153,261 | +€389,533 | +51.0% |
| Land and buildings | 22 | €763,728 | €1,153,261 | +€389,533 | +51.0% |
| Current assets | 29/58 | €122,838 | €74,205 | -€48,633 | -39.6% |
| Amounts receivable within one year | 40/41 | €1,416 | - | -€1,416 | |
| Other amounts receivable | 41 | €1,416 | - | -€1,416 | |
| Cash at bank and in hand | 54/58 | €117,654 | €74,205 | -€43,449 | -36.9% |
| Deferred charges and accrued income | 490/1 | €3,769 | - | -€3,769 | |
| Total equity and liabilities | 10/49 | €886,566 | €1,227,466 | +€340,900 | +38.5% |
| Equity | 10/15 | €106,741 | €108,743 | +€2,003 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,462 | €107,462 | = | 0.0% |
| Distributable reserves | 133 | €107,462 | €107,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,122 | -€11,119 | +€2,003 | +15.3% |
| Amounts payable | 17/49 | €779,826 | €1,118,723 | +€338,897 | +43.5% |
| Amounts payable after more than one year | 17 | €515,810 | €831,089 | +€315,279 | +61.1% |
| Financial debts | 170/4 | €515,810 | €831,089 | +€315,279 | +61.1% |
| Amounts payable within one year | 42/48 | €264,016 | €287,634 | +€23,618 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €74,777 | €107,604 | +€32,827 | +43.9% |
| Trade debts | 44 | €1,261 | €726 | -€535 | -42.4% |
| Suppliers | 440/4 | €1,261 | €726 | -€535 | -42.4% |
| Other amounts payable | 47/48 | €187,977 | €179,304 | -€8,673 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,520 | €40,030 | +€10,510 | +35.6% |
| Other operating charges | 640/8 | €29,810 | €530 | -€29,280 | -98.2% |
| Gross operating margin | 9900 | €69,137 | €77,601 | +€8,464 | +12.2% |
| Operating profit (loss) | 9901 | €9,808 | €37,041 | +€27,234 | +278% |
| Financial charges | 65/66B | €20,470 | €35,039 | +€14,569 | +71.2% |
| Recurring financial charges | 65 | €20,470 | €35,039 | +€14,569 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,662 | €2,003 | +€12,665 | |
| Income taxes | 67/77 | €3,584 | - | -€3,584 | |
| Profit (loss) for the period | 9904 | -€14,247 | €2,003 | +€16,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,247 | €2,003 | +€16,249 |
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.