SLL MANAGEMENT: 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.
SLL MANAGEMENT
Largest movements
- Tangible fixed assets +€110,635
up €110,635 (+40.7%), from €271,747 to €382,383
of which Land and buildings: +€117,509
- Cash -€25,355
down €25,355 (-65.1%), from €38,926 to €13,571
mainly Investment in fixed assets (net) (-€132,367) and Other debts (-€15,402)
- Receivables within one year -€10,301
down €10,301 (-18.5%), from €55,801 to €45,500
of which Trade receivables: -€16,236
- Debts after one year +€54,828
up €54,828 (+21.7%), from €253,000 to €307,828
- Current portion of long-term debt +€26,358
new in 2025: €26,358
- Other debts -€15,402
down €15,402 (-90.7%), from €16,982 to €1,581
- Tax, wage and social debts +€6,596
up €6,596 (+22.5%), from €29,356 to €35,952
- Depreciation +€18,995
up €18,995 (+694.1%), from €2,737 to €21,732
- Financial charges +€10,240
up €10,240 (+850.9%), from €1,203 to €11,444
- Gross operating margin +€9,895
up €9,895 (+40.8%), from €24,250 to €34,145
- Taxes -€4,435
down €4,435 (-100.0%), from €4,435 to €0
- Other operating charges +€802
up €802 (+76.5%), from €1,048 to €1,849
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 | €366,474 | €441,734 | +€75,261 | +20.5% |
| Fixed assets | 21/28 | €271,747 | €382,383 | +€110,635 | +40.7% |
| Tangible fixed assets | 22/27 | €271,747 | €382,383 | +€110,635 | +40.7% |
| Land and buildings | 22 | €244,809 | €362,318 | +€117,509 | +48.0% |
| Furniture and vehicles | 24 | €26,938 | €20,064 | -€6,874 | -25.5% |
| Current assets | 29/58 | €94,726 | €59,352 | -€35,375 | -37.3% |
| Amounts receivable within one year | 40/41 | €55,801 | €45,500 | -€10,301 | -18.5% |
| Trade receivables | 40 | €52,824 | €36,589 | -€16,236 | -30.7% |
| Other amounts receivable | 41 | €2,976 | €8,911 | +€5,934 | +199.4% |
| Cash at bank and in hand | 54/58 | €38,926 | €13,571 | -€25,355 | -65.1% |
| Deferred charges and accrued income | 490/1 | - | €281 | +€281 | |
| Total equity and liabilities | 10/49 | €366,474 | €441,734 | +€75,261 | +20.5% |
| Equity | 10/15 | €66,130 | €65,260 | -€870 | -1.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,030 | €65,160 | -€870 | -1.3% |
| Amounts payable | 17/49 | €300,344 | €376,475 | +€76,131 | +25.3% |
| Amounts payable after more than one year | 17 | €253,000 | €307,828 | +€54,828 | +21.7% |
| Financial debts | 170/4 | €253,000 | €307,828 | +€54,828 | +21.7% |
| Amounts payable within one year | 42/48 | €47,344 | €68,646 | +€21,302 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | - | €26,358 | +€26,358 | |
| Trade debts | 44 | €1,005 | €4,755 | +€3,750 | +373.1% |
| Suppliers | 440/4 | €1,005 | €4,755 | +€3,750 | +373.1% |
| Taxes, remuneration and social security | 45 | €29,356 | €35,952 | +€6,596 | +22.5% |
| Taxes | 450/3 | €29,356 | €35,952 | +€6,596 | +22.5% |
| Other amounts payable | 47/48 | €16,982 | €1,581 | -€15,402 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,737 | €21,732 | +€18,995 | +694.1% |
| Other operating charges | 640/8 | €1,048 | €1,849 | +€802 | +76.5% |
| Gross operating margin | 9900 | €24,250 | €34,145 | +€9,895 | +40.8% |
| Operating profit (loss) | 9901 | €20,466 | €10,564 | -€9,902 | -48.4% |
| Financial income | 75/76B | €35 | €10 | -€25 | -71.7% |
| Recurring financial income | 75 | €35 | €10 | -€25 | -71.7% |
| Financial charges | 65/66B | €1,203 | €11,444 | +€10,240 | +850.9% |
| Recurring financial charges | 65 | €1,203 | €11,444 | +€10,240 | +850.9% |
| Profit (loss) for the period before taxes | 9903 | €19,298 | -€870 | -€20,168 | |
| Income taxes | 67/77 | €4,435 | €0 | -€4,435 | -100.0% |
| Profit (loss) for the period | 9904 | €14,862 | -€870 | -€15,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,862 | -€870 | -€15,732 |
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 6 October 2026 via checked.be.