SLOWGOOSE: 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.
SLOWGOOSE
Largest movements
- Current investments +€8.3m
up €8.3m (+647.0%), from €1.3m to €9.5m
- Financial fixed assets -€2.4m
down €2.4m (-100.0%), from €2.4m to €0
- Cash +€421,692
up €421,692 (+512.4%), from €82,300 to €503,992
mainly Net result for the year (+€7.9m) and Investment in fixed assets (net) (+€2.2m)
- Receivables within one year +€173,677
up €173,677 (+60.4%), from €287,657 to €461,334
of which Trade receivables: +€158,119
- Reserves +€7.2m
up €7.2m (+933.8%), from €771,635 to €8.0m
- Other debts -€1.3m
down €1.3m (-28.5%), from €4.7m to €3.4m
- Tax, wage and social debts +€689,027
up €689,027 (+1227.0%), from €56,156 to €745,183
of which Taxes: +€697,910
- Financial income +€8.6m
up €8.6m (+4526.7%), from €190,112 to €8.8m
of which Non-recurring financial income: +€8.5m
- Taxes +€771,625
up €771,625 (+5746.4%), from €13,428 to €785,053
- Financial charges +€91,062
up €91,062 (+989.4%), from €9,204 to €100,266
of which Financial charges: +€91,062
- Depreciation +€31,084
up €31,084 (+57.4%), from €54,185 to €85,269
- Staff costs -€30,420
down €30,420 (-71.1%), from €42,782 to €12,362
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 | €6,815,945 | €13,438,816 | +€6.6m | +97.2% |
| Fixed assets | 21/28 | €4,945,066 | €2,610,999 | -€2.3m | -47.2% |
| Tangible fixed assets | 22/27 | €2,543,123 | €2,610,999 | +€67,877 | +2.7% |
| Land and buildings | 22 | €2,430,811 | €2,509,560 | +€78,749 | +3.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €81,334 | €70,462 | -€10,872 | -13.4% |
| Other tangible fixed assets | 26 | €30,978 | €30,978 | = | 0.0% |
| Financial fixed assets | 28 | €2,401,944 | €0 | -€2.4m | -100.0% |
| Current assets | 29/58 | €1,870,879 | €10,827,816 | +€9.0m | +478.8% |
| Amounts receivable after more than one year | 29 | €200,000 | €285,000 | +€85,000 | +42.5% |
| Other amounts receivable | 291 | €200,000 | €285,000 | +€85,000 | +42.5% |
| Amounts receivable within one year | 40/41 | €287,657 | €461,334 | +€173,677 | +60.4% |
| Trade receivables | 40 | €59,120 | €217,239 | +€158,119 | +267.5% |
| Other amounts receivable | 41 | €228,538 | €244,096 | +€15,558 | +6.8% |
| Current investments | 50/53 | €1,276,683 | €9,537,109 | +€8.3m | +647.0% |
| Cash at bank and in hand | 54/58 | €82,300 | €503,992 | +€421,692 | +512.4% |
| Deferred charges and accrued income | 490/1 | €24,239 | €40,381 | +€16,142 | +66.6% |
| Total equity and liabilities | 10/49 | €6,815,945 | €13,438,816 | +€6.6m | +97.2% |
| Equity | 10/15 | €796,635 | €8,001,846 | +€7.2m | +904.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €771,635 | €7,976,846 | +€7.2m | +933.8% |
| Distributable reserves | 133 | €771,635 | €7,976,846 | +€7.2m | +933.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,019,310 | €5,436,969 | -€582,340 | -9.7% |
| Amounts payable after more than one year | 17 | €1,067,762 | €1,056,916 | -€10,845 | -1.0% |
| Financial debts | 170/4 | €1,067,762 | €1,056,916 | -€10,845 | -1.0% |
| Amounts payable within one year | 42/48 | €4,939,325 | €4,360,435 | -€578,890 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €12,395 | €11,815 | -€580 | -4.7% |
| Financial debts | 43 | €2,041 | €0 | -€2,041 | -100.0% |
| Credit institutions | 430/8 | €2,041 | €0 | -€2,041 | -100.0% |
| Trade debts | 44 | €169,196 | €243,128 | +€73,932 | +43.7% |
| Suppliers | 440/4 | €169,196 | €243,128 | +€73,932 | +43.7% |
| Taxes, remuneration and social security | 45 | €56,156 | €745,183 | +€689,027 | +1227.0% |
| Taxes | 450/3 | €46,223 | €744,133 | +€697,910 | +1509.9% |
| Remuneration and social security | 454/9 | €9,933 | €1,050 | -€8,883 | -89.4% |
| Other amounts payable | 47/48 | €4,699,537 | €3,360,309 | -€1.3m | -28.5% |
| Accrued charges and deferred income | 492/3 | €12,223 | €19,618 | +€7,395 | +60.5% |
| Remuneration, social security and pensions | 62 | €42,782 | €12,362 | -€30,420 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,185 | €85,269 | +€31,084 | +57.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€165 | -€165 | |
| Other operating charges | 640/8 | €5,530 | €12,726 | +€7,196 | +130.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,584 | €60,844 | +€10,260 | +20.3% |
| Operating profit (loss) | 9901 | -€51,913 | -€49,348 | +€2,564 | +4.9% |
| Financial income | 75/76B | €190,112 | €8,795,946 | +€8.6m | +4526.7% |
| Recurring financial income | 75 | €190,112 | €262,663 | +€72,550 | +38.2% |
| Non-recurring financial income | 76B | - | €8,533,283 | +€8.5m | |
| Financial charges | 65/66B | €9,204 | €100,266 | +€91,062 | +989.4% |
| Recurring financial charges | 65 | €9,204 | €100,266 | +€91,062 | +989.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €128,996 | €8,646,332 | +€8.5m | +6602.8% |
| Income taxes | 67/77 | €13,428 | €785,053 | +€771,625 | +5746.4% |
| Profit (loss) for the period | 9904 | €115,568 | €7,861,279 | +€7.7m | +6702.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,568 | €7,861,279 | +€7.7m | +6702.3% |
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 8 October 2026 via checked.be.