SLM CONSULTANCY: 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.
SLM CONSULTANCY
Largest movements
- Receivables after one year +€111,326
new in 2025: €111,326
- Receivables within one year -€25,881
down €25,881 (-21.5%), from €120,254 to €94,373
of which Other amounts receivable: -€19,280
- Cash -€25,865
down €25,865 (-34.0%), from €75,972 to €50,107
mainly Receivables after one year (-€111,326) and Debts after one year (-€49,578)
- Tangible fixed assets -€7,669
down €7,669 (-1.7%), from €447,384 to €439,715
of which Land and buildings: -€5,186
- Reserves +€95,260
up €95,260 (+34.8%), from €273,733 to €368,993
of which Distributable reserves: +€95,260
- Debts after one year -€49,578
down €49,578 (-24.0%), from €206,451 to €156,873
- Current portion of long-term debt +€24,741
up €24,741 (+51.8%), from €47,799 to €72,540
- Tax, wage and social debts -€17,230
down €17,230 (-31.4%), from €54,811 to €37,581
- Gross operating margin -€11,091
down €11,091 (-5.7%), from €195,481 to €184,390
- Other operating charges +€4,798
up €4,798 (+164%), from €2,932 to €7,730
- Taxes -€4,664
down €4,664 (-9.9%), from €46,993 to €42,329
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 | €643,610 | €695,521 | +€51,911 | +8.1% |
| Fixed assets | 21/28 | €447,384 | €439,715 | -€7,669 | -1.7% |
| Tangible fixed assets | 22/27 | €447,384 | €439,715 | -€7,669 | -1.7% |
| Land and buildings | 22 | €434,869 | €429,683 | -€5,186 | -1.2% |
| Plant, machinery and equipment | 23 | €5,650 | €5,154 | -€496 | -8.8% |
| Furniture and vehicles | 24 | €6,865 | €4,878 | -€1,987 | -28.9% |
| Current assets | 29/58 | €196,226 | €255,806 | +€59,580 | +30.4% |
| Amounts receivable after more than one year | 29 | - | €111,326 | +€111,326 | |
| Other amounts receivable | 291 | - | €111,326 | +€111,326 | |
| Amounts receivable within one year | 40/41 | €120,254 | €94,373 | -€25,881 | -21.5% |
| Trade receivables | 40 | €36,104 | €29,503 | -€6,601 | -18.3% |
| Other amounts receivable | 41 | €84,150 | €64,870 | -€19,280 | -22.9% |
| Cash at bank and in hand | 54/58 | €75,972 | €50,107 | -€25,865 | -34.0% |
| Total equity and liabilities | 10/49 | €643,610 | €695,521 | +€51,911 | +8.1% |
| Equity | 10/15 | €330,780 | €426,040 | +€95,260 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €273,733 | €368,993 | +€95,260 | +34.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €271,878 | €367,138 | +€95,260 | +35.0% |
| Profit (loss) carried forward | 14 | €50,847 | €50,847 | = | 0.0% |
| Amounts payable | 17/49 | €312,830 | €269,481 | -€43,349 | -13.9% |
| Amounts payable after more than one year | 17 | €206,451 | €156,873 | -€49,578 | -24.0% |
| Financial debts | 170/4 | €206,451 | €156,873 | -€49,578 | -24.0% |
| Amounts payable within one year | 42/48 | €106,379 | €112,608 | +€6,229 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €47,799 | €72,540 | +€24,741 | +51.8% |
| Trade debts | 44 | €3,769 | €2,487 | -€1,282 | -34.0% |
| Suppliers | 440/4 | €3,769 | €2,487 | -€1,282 | -34.0% |
| Taxes, remuneration and social security | 45 | €54,811 | €37,581 | -€17,230 | -31.4% |
| Taxes | 450/3 | €54,811 | €37,581 | -€17,230 | -31.4% |
| Non-recurring operating income | 76A | - | €14,010 | +€14,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,374 | €20,230 | +€856 | +4.4% |
| Other operating charges | 640/8 | €2,932 | €7,730 | +€4,798 | +164% |
| Gross operating margin | 9900 | €195,481 | €184,390 | -€11,091 | -5.7% |
| Operating profit (loss) | 9901 | €173,175 | €156,430 | -€16,745 | -9.7% |
| Financial income | 75/76B | €1,458 | €1,656 | +€198 | +13.6% |
| Recurring financial income | 75 | €1,458 | €1,656 | +€198 | +13.6% |
| Financial charges | 65/66B | €19,562 | €20,497 | +€935 | +4.8% |
| Recurring financial charges | 65 | €19,562 | €20,497 | +€935 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €155,071 | €137,589 | -€17,482 | -11.3% |
| Income taxes | 67/77 | €46,993 | €42,329 | -€4,664 | -9.9% |
| Profit (loss) for the period | 9904 | €108,078 | €95,260 | -€12,818 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,078 | €95,260 | -€12,818 | -11.9% |
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 14 October 2026 via checked.be.