SLL: 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.
SLL
Largest movements
- Receivables within one year -€61,647
down €61,647 (-39.3%), from €157,015 to €95,368
of which Trade receivables: -€133,409
- Tangible fixed assets -€7,753
down €7,753 (-4.0%), from €196,053 to €188,300
of which Land and buildings: -€6,378
- Stocks and contracts -€6,638
down €6,638 (-12.2%), from €54,542 to €47,904
- Trade debts -€104,508
down €104,508 (-74.1%), from €141,036 to €36,528
- Debts after one year -€15,510
down €15,510 (-47.6%), from €32,605 to €17,096
- Tax, wage and social debts +€13,356
up €13,356 (+63.8%), from €20,920 to €34,276
of which Remuneration and social security: +€7,724
- Profit (loss) carried forward +€12,050
up €12,050 (+131.1%), from €9,193 to €21,243
- Other debts +€10,590
up €10,590 (+5.5%), from €192,721 to €203,311
- Gross operating margin +€45,582
up €45,582 (+37.4%), from €121,785 to €167,367
- Staff costs +€16,329
up €16,329 (+15.4%), from €105,972 to €122,301
- Financial charges +€10,004
up €10,004 (+370.3%), from €2,701 to €12,705
of which Non-recurring financial charges: +€11,110
- Taxes +€6,361
up €6,361 (+4559.1%), from €140 to €6,500
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 | €432,143 | €353,553 | -€78,590 | -18.2% |
| Fixed assets | 21/28 | €204,058 | €196,305 | -€7,753 | -3.8% |
| Tangible fixed assets | 22/27 | €196,053 | €188,300 | -€7,753 | -4.0% |
| Land and buildings | 22 | €192,813 | €186,436 | -€6,378 | -3.3% |
| Plant, machinery and equipment | 23 | €1,750 | €1,500 | -€250 | -14.3% |
| Furniture and vehicles | 24 | €1,489 | €364 | -€1,125 | -75.5% |
| Financial fixed assets | 28 | €8,005 | €8,005 | = | 0.0% |
| Current assets | 29/58 | €228,086 | €157,248 | -€70,837 | -31.1% |
| Stocks and contracts in progress | 3 | €54,542 | €47,904 | -€6,638 | -12.2% |
| Stocks | 30/36 | €54,542 | €47,904 | -€6,638 | -12.2% |
| Amounts receivable within one year | 40/41 | €157,015 | €95,368 | -€61,647 | -39.3% |
| Trade receivables | 40 | €145,706 | €12,298 | -€133,409 | -91.6% |
| Other amounts receivable | 41 | €11,309 | €83,070 | +€71,762 | +634.6% |
| Current investments | 50/53 | €1 | €0 | -€1 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,561 | €8,842 | -€3,719 | -29.6% |
| Deferred charges and accrued income | 490/1 | €3,966 | €5,134 | +€1,167 | +29.4% |
| Total equity and liabilities | 10/49 | €432,143 | €353,553 | -€78,590 | -18.2% |
| Equity | 10/15 | €29,652 | €41,702 | +€12,050 | +40.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,193 | €21,243 | +€12,050 | +131.1% |
| Amounts payable | 17/49 | €402,491 | €311,851 | -€90,640 | -22.5% |
| Amounts payable after more than one year | 17 | €32,605 | €17,096 | -€15,510 | -47.6% |
| Financial debts | 170/4 | €32,605 | €17,096 | -€15,510 | -47.6% |
| Amounts payable within one year | 42/48 | €369,886 | €289,750 | -€80,136 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €15,210 | €15,510 | +€300 | +2.0% |
| Trade debts | 44 | €141,036 | €36,528 | -€104,508 | -74.1% |
| Suppliers | 440/4 | €141,036 | €36,528 | -€104,508 | -74.1% |
| Advances received on contracts in progress | 46 | - | €126 | +€126 | |
| Taxes, remuneration and social security | 45 | €20,920 | €34,276 | +€13,356 | +63.8% |
| Taxes | 450/3 | €3,205 | €8,837 | +€5,632 | +175.8% |
| Remuneration and social security | 454/9 | €17,715 | €25,439 | +€7,724 | +43.6% |
| Other amounts payable | 47/48 | €192,721 | €203,311 | +€10,590 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €5,005 | +€5,005 | |
| Remuneration, social security and pensions | 62 | €105,972 | €122,301 | +€16,329 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,402 | €7,753 | +€351 | +4.7% |
| Other operating charges | 640/8 | €6,310 | €6,058 | -€253 | -4.0% |
| Gross operating margin | 9900 | €121,785 | €167,367 | +€45,582 | +37.4% |
| Operating profit (loss) | 9901 | €2,101 | €31,255 | +€29,155 | +1388.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -26.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -26.5% |
| Financial charges | 65/66B | €2,701 | €12,705 | +€10,004 | +370.3% |
| Recurring financial charges | 65 | €2,701 | €1,595 | -€1,106 | -41.0% |
| Non-recurring financial charges | 66B | - | €11,110 | +€11,110 | |
| Profit (loss) for the period before taxes | 9903 | -€600 | €18,550 | +€19,151 | |
| Income taxes | 67/77 | €140 | €6,500 | +€6,361 | +4559.1% |
| Profit (loss) for the period | 9904 | -€740 | €12,050 | +€12,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€740 | €12,050 | +€12,790 |
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 9 October 2026 via checked.be.