Sloten & Sleutels: 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.
Sloten & Sleutels
Largest movements
- Receivables within one year +€54,468
up €54,468 (+33.6%), from €162,132 to €216,600
of which Trade receivables: +€62,402
- Deferred charges and accrued income +€30,168
up €30,168 (+180%), from €16,733 to €46,901
- Stocks and contracts +€18,745
up €18,745 (+6.3%), from €296,888 to €315,634
- Tangible fixed assets +€14,815
up €14,815 (+3.3%), from €442,550 to €457,365
of which Plant, machinery and equipment: +€39,126
- Profit (loss) carried forward +€51,211
up €51,211 (+14.0%), from €367,030 to €418,241
- Accrued charges and deferred income +€37,419
new in 2025: €37,419
- Tax, wage and social debts +€30,824
up €30,824 (+58.5%), from €52,662 to €83,485
of which Taxes: +€26,580
- Debts after one year +€27,095
up €27,095 (+9.6%), from €281,792 to €308,886
- Current portion of long-term debt -€18,816
down €18,816 (-11.4%), from €164,753 to €145,937
- Staff costs +€50,735
up €50,735 (+12.3%), from €414,067 to €464,802
- Gross operating margin +€46,441
up €46,441 (+7.6%), from €613,415 to €659,856
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 | €1,007,645 | €1,124,778 | +€117,133 | +11.6% |
| Fixed assets | 21/28 | €453,965 | €469,209 | +€15,244 | +3.4% |
| Intangible fixed assets | 21 | €9,735 | €10,164 | +€429 | +4.4% |
| Tangible fixed assets | 22/27 | €442,550 | €457,365 | +€14,815 | +3.3% |
| Land and buildings | 22 | €313,880 | €299,392 | -€14,487 | -4.6% |
| Plant, machinery and equipment | 23 | €82,904 | €122,029 | +€39,126 | +47.2% |
| Furniture and vehicles | 24 | €45,766 | €35,943 | -€9,823 | -21.5% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €553,680 | €655,568 | +€101,889 | +18.4% |
| Stocks and contracts in progress | 3 | €296,888 | €315,634 | +€18,745 | +6.3% |
| Stocks | 30/36 | €296,888 | €315,634 | +€18,745 | +6.3% |
| Amounts receivable within one year | 40/41 | €162,132 | €216,600 | +€54,468 | +33.6% |
| Trade receivables | 40 | €154,198 | €216,600 | +€62,402 | +40.5% |
| Other amounts receivable | 41 | €7,934 | - | -€7,934 | |
| Cash at bank and in hand | 54/58 | €77,926 | €76,433 | -€1,493 | -1.9% |
| Deferred charges and accrued income | 490/1 | €16,733 | €46,901 | +€30,168 | +180% |
| Total equity and liabilities | 10/49 | €1,007,645 | €1,124,778 | +€117,133 | +11.6% |
| Equity | 10/15 | €422,030 | €473,241 | +€51,211 | +12.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,030 | €418,241 | +€51,211 | +14.0% |
| Amounts payable | 17/49 | €585,615 | €651,537 | +€65,922 | +11.3% |
| Amounts payable after more than one year | 17 | €281,792 | €308,886 | +€27,095 | +9.6% |
| Financial debts | 170/4 | €281,792 | €308,886 | +€27,095 | +9.6% |
| Amounts payable within one year | 42/48 | €303,824 | €305,232 | +€1,408 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €164,753 | €145,937 | -€18,816 | -11.4% |
| Financial debts | 43 | €5,356 | - | -€5,356 | |
| Credit institutions | 430/8 | €2,543 | - | -€2,543 | |
| Other loans | 439 | €2,813 | - | -€2,813 | |
| Trade debts | 44 | €59,297 | €54,098 | -€5,198 | -8.8% |
| Suppliers | 440/4 | €59,297 | €54,098 | -€5,198 | -8.8% |
| Taxes, remuneration and social security | 45 | €52,662 | €83,485 | +€30,824 | +58.5% |
| Taxes | 450/3 | €14,274 | €40,854 | +€26,580 | +186% |
| Remuneration and social security | 454/9 | €38,387 | €42,632 | +€4,244 | +11.1% |
| Other amounts payable | 47/48 | €21,757 | €21,711 | -€45 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €37,419 | +€37,419 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €414,067 | €464,802 | +€50,735 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,943 | €79,454 | +€511 | +0.6% |
| Other operating charges | 640/8 | €9,374 | €9,876 | +€503 | +5.4% |
| Gross operating margin | 9900 | €613,415 | €659,856 | +€46,441 | +7.6% |
| Operating profit (loss) | 9901 | €111,031 | €105,723 | -€5,308 | -4.8% |
| Financial income | 75/76B | €11,373 | €10,806 | -€567 | -5.0% |
| Recurring financial income | 75 | €11,373 | €10,806 | -€567 | -5.0% |
| Financial charges | 65/66B | €24,825 | €21,998 | -€2,828 | -11.4% |
| Recurring financial charges | 65 | €24,825 | €21,998 | -€2,828 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €97,579 | €94,532 | -€3,047 | -3.1% |
| Income taxes | 67/77 | €28,152 | €25,674 | -€2,479 | -8.8% |
| Profit (loss) for the period | 9904 | €69,426 | €68,858 | -€568 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,426 | €68,858 | -€568 | -0.8% |
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 23 October 2026 via checked.be.