SLR: 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.
SLR
Largest movements
- Receivables within one year +€45,966
up €45,966 (+456%), from €10,072 to €56,039
of which Other amounts receivable: +€43,304
- Tangible fixed assets +€12,783
up €12,783 (+1,567%), from €816 to €13,599
of which Furniture and vehicles: +€13,228
- Financial fixed assets -€10,000
down €10,000 (-19.9%), from €50,232 to €40,232
- Deferred charges and accrued income -€1,908
down €1,908 (-63.7%), from €2,994 to €1,086
- Reserves +€51,923
up €51,923 (+281%), from €18,448 to €70,370
- Debts after one year -€4,167
down €4,167 (-24.6%), from €16,942 to €12,775
- Other debts -€4,060
down €4,060 (-61.4%), from €6,617 to €2,556
- Current portion of long-term debt +€3,254
up €3,254 (+43.6%), from €7,461 to €10,715
- Short-term financial debts -€2,425
no longer reported in 2025 (was €2,425)
- Financial income +€60,818
new in 2025: €60,818
- Taxes +€4,552
up €4,552 (+566%), from €804 to €5,356
- Gross operating margin -€1,765
down €1,765, from €1,681 to -€84
- Depreciation +€1,209
up €1,209 (+272%), from €445 to €1,654
- Other operating charges +€205
up €205 (+28.0%), from €731 to €936
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 | €64,115 | €111,475 | +€47,361 | +73.9% |
| Fixed assets | 21/28 | €51,048 | €53,831 | +€2,783 | +5.5% |
| Tangible fixed assets | 22/27 | €816 | €13,599 | +€12,783 | +1,567% |
| Plant, machinery and equipment | 23 | €816 | €371 | -€445 | -54.5% |
| Furniture and vehicles | 24 | - | €13,228 | +€13,228 | |
| Financial fixed assets | 28 | €50,232 | €40,232 | -€10,000 | -19.9% |
| Current assets | 29/58 | €13,067 | €57,644 | +€44,577 | +341% |
| Amounts receivable within one year | 40/41 | €10,072 | €56,039 | +€45,966 | +456% |
| Trade receivables | 40 | €5,627 | €8,289 | +€2,662 | +47.3% |
| Other amounts receivable | 41 | €4,446 | €47,750 | +€43,304 | +974% |
| Cash at bank and in hand | 54/58 | - | €519 | +€519 | |
| Deferred charges and accrued income | 490/1 | €2,994 | €1,086 | -€1,908 | -63.7% |
| Total equity and liabilities | 10/49 | €64,115 | €111,475 | +€47,361 | +73.9% |
| Equity | 10/15 | €24,948 | €76,870 | +€51,923 | +208% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €18,448 | €70,370 | +€51,923 | +281% |
| Distributable reserves | 133 | €18,448 | €70,370 | +€51,923 | +281% |
| Amounts payable | 17/49 | €39,167 | €34,605 | -€4,562 | -11.6% |
| Amounts payable after more than one year | 17 | €16,942 | €12,775 | -€4,167 | -24.6% |
| Financial debts | 170/4 | €16,942 | €12,775 | -€4,167 | -24.6% |
| Amounts payable within one year | 42/48 | €22,225 | €21,830 | -€395 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €7,461 | €10,715 | +€3,254 | +43.6% |
| Financial debts | 43 | €2,425 | - | -€2,425 | |
| Credit institutions | 430/8 | €2,425 | - | -€2,425 | |
| Trade debts | 44 | €216 | €1,693 | +€1,476 | +682% |
| Suppliers | 440/4 | €216 | €1,693 | +€1,476 | +682% |
| Taxes, remuneration and social security | 45 | €5,506 | €6,865 | +€1,359 | +24.7% |
| Taxes | 450/3 | €3,306 | €4,765 | +€1,459 | +44.1% |
| Remuneration and social security | 454/9 | €2,200 | €2,100 | -€100 | -4.5% |
| Other amounts payable | 47/48 | €6,617 | €2,556 | -€4,060 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €1,654 | +€1,209 | +272% |
| Other operating charges | 640/8 | €731 | €936 | +€205 | +28.0% |
| Gross operating margin | 9900 | €1,681 | -€84 | -€1,765 | |
| Operating profit (loss) | 9901 | €505 | -€2,674 | -€3,179 | |
| Financial income | 75/76B | - | €60,818 | +€60,818 | |
| Recurring financial income | 75 | - | €60,818 | +€60,818 | |
| Financial charges | 65/66B | €824 | €864 | +€41 | +4.9% |
| Recurring financial charges | 65 | €824 | €864 | +€41 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€319 | €57,279 | +€57,598 | |
| Income taxes | 67/77 | €804 | €5,356 | +€4,552 | +566% |
| Profit (loss) for the period | 9904 | -€1,123 | €51,923 | +€53,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,123 | €51,923 | +€53,046 |
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 16 October 2026 via checked.be.