SLLO'T: 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.
SLLO'T
Largest movements
- Cash +€106,664
up €106,664 (+556.7%), from €19,160 to €125,824
mainly Other debts (+€103,287) and Trade debts (+€84,761)
- Tangible fixed assets -€46,889
down €46,889 (-8.2%), from €574,756 to €527,867
of which Plant, machinery and equipment: -€25,468
- Receivables within one year +€42,558
up €42,558 (+14.9%), from €285,651 to €328,209
of which Other amounts receivable: +€43,839
- Deferred charges and accrued income +€16,237
up €16,237 (+558.3%), from €2,908 to €19,145
- Other debts +€103,287
up €103,287 (+101.0%), from €102,243 to €205,530
- Trade debts +€84,761
up €84,761 (+175.1%), from €48,409 to €133,170
- Debts after one year -€58,121
down €58,121 (-13.8%), from €421,333 to €363,212
- Profit (loss) carried forward -€34,992
down €34,992 (-18.7%), from €187,091 to €152,100
- Tax, wage and social debts +€19,641
up €19,641 (+24.2%), from €81,195 to €100,835
of which Taxes: +€24,155
- Staff costs -€86,561
down €86,561 (-23.3%), from €372,267 to €285,706
- Gross operating margin -€48,881
down €48,881 (-9.4%), from €522,437 to €473,556
- Depreciation -€44,750
down €44,750 (-43.0%), from €104,143 to €59,394
- Taxes +€14,032
up €14,032 (+117.4%), from €11,950 to €25,982
- Financial charges +€9,337
up €9,337 (+71.4%), from €13,083 to €22,421
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 | €906,369 | €1,021,968 | +€115,599 | +12.8% |
| Formation expenses | 20 | €276 | €68 | -€208 | -75.4% |
| Fixed assets | 21/28 | €586,175 | €537,286 | -€48,889 | -8.3% |
| Intangible fixed assets | 21 | €11,419 | €9,419 | -€2,000 | -17.5% |
| Tangible fixed assets | 22/27 | €574,756 | €527,867 | -€46,889 | -8.2% |
| Land and buildings | 22 | €366,065 | €350,464 | -€15,601 | -4.3% |
| Plant, machinery and equipment | 23 | €184,192 | €158,724 | -€25,468 | -13.8% |
| Furniture and vehicles | 24 | €24,498 | €18,679 | -€5,819 | -23.8% |
| Current assets | 29/58 | €319,918 | €484,614 | +€164,696 | +51.5% |
| Stocks and contracts in progress | 3 | €12,199 | €11,436 | -€762 | -6.2% |
| Stocks | 30/36 | €12,199 | €11,436 | -€762 | -6.2% |
| Amounts receivable within one year | 40/41 | €285,651 | €328,209 | +€42,558 | +14.9% |
| Trade receivables | 40 | €1,281 | €0 | -€1,281 | -100.0% |
| Other amounts receivable | 41 | €284,370 | €328,209 | +€43,839 | +15.4% |
| Cash at bank and in hand | 54/58 | €19,160 | €125,824 | +€106,664 | +556.7% |
| Deferred charges and accrued income | 490/1 | €2,908 | €19,145 | +€16,237 | +558.3% |
| Total equity and liabilities | 10/49 | €906,369 | €1,021,968 | +€115,599 | +12.8% |
| Equity | 10/15 | €196,091 | €161,100 | -€34,992 | -17.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,091 | €152,100 | -€34,992 | -18.7% |
| Amounts payable | 17/49 | €710,278 | €860,868 | +€150,591 | +21.2% |
| Amounts payable after more than one year | 17 | €421,333 | €363,212 | -€58,121 | -13.8% |
| Financial debts | 170/4 | €421,333 | €363,212 | -€58,121 | -13.8% |
| Amounts payable within one year | 42/48 | €288,945 | €497,656 | +€208,711 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €57,099 | €58,121 | +€1,022 | +1.8% |
| Trade debts | 44 | €48,409 | €133,170 | +€84,761 | +175.1% |
| Suppliers | 440/4 | €48,409 | €133,170 | +€84,761 | +175.1% |
| Taxes, remuneration and social security | 45 | €81,195 | €100,835 | +€19,641 | +24.2% |
| Taxes | 450/3 | €40,597 | €64,751 | +€24,155 | +59.5% |
| Remuneration and social security | 454/9 | €40,598 | €36,084 | -€4,514 | -11.1% |
| Other amounts payable | 47/48 | €102,243 | €205,530 | +€103,287 | +101.0% |
| Non-recurring operating income | 76A | - | €3,271 | +€3,271 | |
| Remuneration, social security and pensions | 62 | €372,267 | €285,706 | -€86,561 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,143 | €59,394 | -€44,750 | -43.0% |
| Other operating charges | 640/8 | €3,066 | €9,075 | +€6,008 | +195.9% |
| Non-recurring operating charges | 66A | €5 | €91 | +€86 | +1815.5% |
| Gross operating margin | 9900 | €522,437 | €473,556 | -€48,881 | -9.4% |
| Operating profit (loss) | 9901 | €42,956 | €119,291 | +€76,335 | +177.7% |
| Financial income | 75/76B | €14 | €2 | -€12 | -87.2% |
| Recurring financial income | 75 | €14 | €2 | -€12 | -87.2% |
| Financial charges | 65/66B | €13,083 | €22,421 | +€9,337 | +71.4% |
| Recurring financial charges | 65 | €13,083 | €22,421 | +€9,337 | +71.4% |
| Profit (loss) for the period before taxes | 9903 | €29,887 | €96,872 | +€66,985 | +224.1% |
| Income taxes | 67/77 | €11,950 | €25,982 | +€14,032 | +117.4% |
| Profit (loss) for the period | 9904 | €17,937 | €70,891 | +€52,954 | +295.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,937 | €70,891 | +€52,954 | +295.2% |
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 3 October 2026 via checked.be.