Slipway: 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.
Slipway
Largest movements
- Cash -€111,380
down €111,380 (-62.9%), from €177,199 to €65,819
mainly Net result for the year (-€141,541) and Other debts (-€47,559)
- Tangible fixed assets -€95,800
down €95,800 (-32.1%), from €298,480 to €202,680
of which Furniture and vehicles: -€88,607
- Receivables within one year -€35,374
down €35,374 (-29.2%), from €120,952 to €85,577
of which Other amounts receivable: -€21,740
- Current investments +€31,082
up €31,082 (+26.0%), from €119,397 to €150,479
- Reserves -€163,000
down €163,000 (-32.6%), from €500,520 to €337,520
- Other debts -€47,559
down €47,559 (-64.9%), from €73,301 to €25,742
- Tax, wage and social debts +€27,633
up €27,633 (+54.8%), from €50,428 to €78,061
of which Remuneration and social security: +€20,185
- Trade debts -€18,393
down €18,393 (-34.9%), from €52,741 to €34,348
- Debts after one year -€12,865
down €12,865 (-100%), from €12,865 to €0
- Gross operating margin -€143,378
down €143,378 (-40.0%), from €358,512 to €215,133
- Staff costs +€127,273
up €127,273 (+112%), from €113,453 to €240,726
- Taxes -€24,828
down €24,828 (-97.7%), from €25,403 to €575
- Depreciation +€11,603
up €11,603 (+11.6%), from €100,170 to €111,774
- Financial income -€6,499
down €6,499 (-54.5%), from €11,933 to €5,434
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 | €730,822 | €510,534 | -€220,289 | -30.1% |
| Fixed assets | 21/28 | €310,573 | €208,659 | -€101,914 | -32.8% |
| Intangible fixed assets | 21 | €11,459 | €5,095 | -€6,364 | -55.5% |
| Tangible fixed assets | 22/27 | €298,480 | €202,680 | -€95,800 | -32.1% |
| Plant, machinery and equipment | 23 | €16,028 | €11,337 | -€4,691 | -29.3% |
| Furniture and vehicles | 24 | €274,143 | €185,536 | -€88,607 | -32.3% |
| Other tangible fixed assets | 26 | €8,309 | €5,807 | -€2,502 | -30.1% |
| Financial fixed assets | 28 | €634 | €884 | +€250 | +39.4% |
| Current assets | 29/58 | €420,249 | €301,875 | -€118,375 | -28.2% |
| Amounts receivable within one year | 40/41 | €120,952 | €85,577 | -€35,374 | -29.2% |
| Trade receivables | 40 | €53,863 | €40,228 | -€13,635 | -25.3% |
| Other amounts receivable | 41 | €67,089 | €45,349 | -€21,740 | -32.4% |
| Current investments | 50/53 | €119,397 | €150,479 | +€31,082 | +26.0% |
| Cash at bank and in hand | 54/58 | €177,199 | €65,819 | -€111,380 | -62.9% |
| Deferred charges and accrued income | 490/1 | €2,702 | €0 | -€2,702 | -100% |
| Total equity and liabilities | 10/49 | €730,822 | €510,534 | -€220,289 | -30.1% |
| Equity | 10/15 | €522,878 | €358,337 | -€164,541 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500,520 | €337,520 | -€163,000 | -32.6% |
| Distributable reserves | 133 | €500,520 | €337,520 | -€163,000 | -32.6% |
| Profit (loss) carried forward | 14 | €3,758 | €2,217 | -€1,541 | -41.0% |
| Amounts payable | 17/49 | €207,945 | €152,197 | -€55,748 | -26.8% |
| Amounts payable after more than one year | 17 | €12,865 | €0 | -€12,865 | -100% |
| Financial debts | 170/4 | €12,865 | €0 | -€12,865 | -100% |
| Amounts payable within one year | 42/48 | €191,617 | €151,015 | -€40,602 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €15,148 | €12,865 | -€2,284 | -15.1% |
| Trade debts | 44 | €52,741 | €34,348 | -€18,393 | -34.9% |
| Suppliers | 440/4 | €52,741 | €34,348 | -€18,393 | -34.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €50,428 | €78,061 | +€27,633 | +54.8% |
| Taxes | 450/3 | €25,635 | €33,083 | +€7,448 | +29.1% |
| Remuneration and social security | 454/9 | €24,793 | €44,978 | +€20,185 | +81.4% |
| Other amounts payable | 47/48 | €73,301 | €25,742 | -€47,559 | -64.9% |
| Accrued charges and deferred income | 492/3 | €3,463 | €1,182 | -€2,281 | -65.9% |
| Non-recurring operating income | 76A | €0 | €1,349 | +€1,349 | |
| Remuneration, social security and pensions | 62 | €113,453 | €240,726 | +€127,273 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,170 | €111,774 | +€11,603 | +11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,467 | +€1,467 | |
| Other operating charges | 640/8 | €6,462 | €5,935 | -€527 | -8.2% |
| Gross operating margin | 9900 | €358,512 | €215,133 | -€143,378 | -40.0% |
| Operating profit (loss) | 9901 | €138,427 | -€144,768 | -€283,195 | |
| Financial income | 75/76B | €11,933 | €5,434 | -€6,499 | -54.5% |
| Recurring financial income | 75 | €11,933 | €5,434 | -€6,499 | -54.5% |
| Financial charges | 65/66B | €1,834 | €1,632 | -€202 | -11.0% |
| Recurring financial charges | 65 | €1,834 | €1,632 | -€202 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €148,526 | -€140,966 | -€289,492 | |
| Income taxes | 67/77 | €25,403 | €575 | -€24,828 | -97.7% |
| Profit (loss) for the period | 9904 | €123,123 | -€141,541 | -€264,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,123 | -€141,541 | -€264,664 |
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 21 October 2026 via checked.be.