SLMF Invest: what changed
What changed
SLMF Invest
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€442,343
2024 · €7,588+€434,755
Equity
€1.4m
2024 · €920,396+€442,343
Cash
€432,461
2024 · €298,264+€134,197
Balance sheet total
€1.6m
2024 · €1.0m+€575,909
Largest movements
Assets
- Receivables within one year +€328,003
up €328,003 (+143%), from €230,000 to €558,003
of which Other amounts receivable: +€327,639
- Cash +€134,197
up €134,197 (+45.0%), from €298,264 to €432,461
mainly Net result for the year (+€442,343) and Provisions (+€176,306)
- Tangible fixed assets +€113,906
up €113,906 (+22.5%), from €506,276 to €620,182
of which Land and buildings: +€142,869
Equity and liabilities
- Reserves +€442,918
up €442,918 (+49.2%), from €899,588 to €1.3m
of which Tax-exempt reserves: +€528,918
- Provisions +€176,306
new in 2025: €176,306
- Debts after one year -€22,858
down €22,858 (-32.4%), from €70,478 to €47,620
Income statement
- Gross operating margin +€612,429
up €612,429 (+469%), from €130,711 to €743,140
- Depreciation +€9,957
up €9,957 (+9.6%), from €104,009 to €113,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,588
Gross operating margin
+€612,429
Depreciation
-€9,957
Other operating charges
+€7,344
Financial income
-€5,433
Financial charges
+€3,825
Taxes
+€2,853
Deferred taxes and other
-€176,306
Result 2025
€442,343
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€384,928
Investment
-€227,872
Financing
-€22,858
Cash 2024
€298,264
From operations (derived)
+€384,928
Net result for the year
+€442,343
Depreciation
+€113,967
Receivables within one year
-€328,003
Deferred charges and accrued income
+€196
Provisions
+€176,306
Trade debts
-€16,071
Tax, wage and social debts
-€3,810
Investment (derived)
-€227,872
Investment in fixed assets (net)
-€227,872
Financing
-€22,858
Debts after one year
-€22,858
Cash 2025
€432,461
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,283 | €1,612,193 | +€575,909 | +55.6% |
| Fixed assets | 21/28 | €506,524 | €620,430 | +€113,906 | +22.5% |
| Tangible fixed assets | 22/27 | €506,276 | €620,182 | +€113,906 | +22.5% |
| Land and buildings | 22 | €384,584 | €527,453 | +€142,869 | +37.1% |
| Plant, machinery and equipment | 23 | €13,422 | €0 | -€13,422 | -100% |
| Furniture and vehicles | 24 | €108,270 | €92,729 | -€15,541 | -14.4% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €529,759 | €991,763 | +€462,004 | +87.2% |
| Amounts receivable within one year | 40/41 | €230,000 | €558,003 | +€328,003 | +143% |
| Trade receivables | 40 | €0 | €364 | +€364 | |
| Other amounts receivable | 41 | €230,000 | €557,639 | +€327,639 | +142% |
| Cash at bank and in hand | 54/58 | €298,264 | €432,461 | +€134,197 | +45.0% |
| Deferred charges and accrued income | 490/1 | €1,495 | €1,299 | -€196 | -13.1% |
| Total equity and liabilities | 10/49 | €1,036,283 | €1,612,193 | +€575,909 | +55.6% |
| Equity | 10/15 | €920,396 | €1,362,739 | +€442,343 | +48.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €899,588 | €1,342,506 | +€442,918 | +49.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €20,000 | €548,918 | +€528,918 | +2,645% |
| Distributable reserves | 133 | €879,588 | €793,588 | -€86,000 | -9.8% |
| Profit (loss) carried forward | 14 | €808 | €233 | -€575 | -71.2% |
| Provisions and deferred taxes | 16 | - | €176,306 | +€176,306 | |
| Deferred taxes | 168 | - | €176,306 | +€176,306 | |
| Amounts payable | 17/49 | €115,887 | €73,147 | -€42,740 | -36.9% |
| Amounts payable after more than one year | 17 | €70,478 | €47,620 | -€22,858 | -32.4% |
| Financial debts | 170/4 | €70,478 | €47,620 | -€22,858 | -32.4% |
| Amounts payable within one year | 42/48 | €43,884 | €24,002 | -€19,882 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €22,858 | €22,858 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €16,710 | €639 | -€16,071 | -96.2% |
| Suppliers | 440/4 | €16,710 | €639 | -€16,071 | -96.2% |
| Taxes, remuneration and social security | 45 | €4,316 | €505 | -€3,810 | -88.3% |
| Taxes | 450/3 | €4,316 | €505 | -€3,810 | -88.3% |
| Accrued charges and deferred income | 492/3 | €1,525 | €1,525 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,009 | €113,967 | +€9,957 | +9.6% |
| Other operating charges | 640/8 | €13,536 | €6,191 | -€7,344 | -54.3% |
| Gross operating margin | 9900 | €130,711 | €743,140 | +€612,429 | +469% |
| Operating profit (loss) | 9901 | €13,166 | €622,982 | +€609,816 | +4,632% |
| Financial income | 75/76B | €5,433 | - | -€5,433 | |
| Recurring financial income | 75 | €5,433 | - | -€5,433 | |
| Financial charges | 65/66B | €7,622 | €3,797 | -€3,825 | -50.2% |
| Recurring financial charges | 65 | €7,622 | €3,797 | -€3,825 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €10,977 | €619,185 | +€608,208 | +5,541% |
| Transfer from deferred taxes | 780 | - | €11,099 | +€11,099 | |
| Transfer to deferred taxes | 680 | - | €187,405 | +€187,405 | |
| Income taxes | 67/77 | €3,389 | €536 | -€2,853 | -84.2% |
| Profit (loss) for the period | 9904 | €7,588 | €442,343 | +€434,755 | +5,730% |
| Transfer from tax-exempt reserves | 789 | - | €33,296 | +€33,296 | |
| Transfer to tax-exempt reserves | 689 | - | €562,215 | +€562,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,588 | -€86,575 | -€94,163 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.