SLS: what changed
SLS
Largest movements
- Tangible fixed assets -€2,898
down €2,898 (-13.7%), from €21,086 to €18,188
of which Other tangible fixed assets: -€1,798
- Receivables within one year -€1,813
down €1,813 (-15.5%), from €11,663 to €9,849
of which Other amounts receivable: -€1,499
- Cash +€735
up €735 (+6.2%), from €11,917 to €12,651
mainly Net result for the year (+€16,171) and Other debts (+€13,958)
- Other debts +€13,958
up €13,958 (+1,262%), from €1,106 to €15,064
- Reserves -€13,829
down €13,829 (-98.6%), from €14,032 to €203
- Tax, wage and social debts -€3,007
down €3,007 (-26.8%), from €11,221 to €8,214
of which Remuneration and social security: -€1,880
- Trade debts -€1,044
down €1,044 (-90.0%), from €1,159 to €115
- Gross operating margin +€24,130
up €24,130 (+320%), from €7,535 to €31,664
- Taxes +€7,805
up €7,805 (+311%), from €2,513 to €10,318
- Depreciation -€2,417
down €2,417 (-45.5%), from €5,315 to €2,898
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,130 | €42,197 | -€3,933 | -8.5% |
| Fixed assets | 21/28 | €21,086 | €18,188 | -€2,898 | -13.7% |
| Tangible fixed assets | 22/27 | €21,086 | €18,188 | -€2,898 | -13.7% |
| Plant, machinery and equipment | 23 | €1,746 | €1,114 | -€632 | -36.2% |
| Furniture and vehicles | 24 | €4,055 | €3,587 | -€468 | -11.5% |
| Other tangible fixed assets | 26 | €15,285 | €13,487 | -€1,798 | -11.8% |
| Current assets | 29/58 | €25,044 | €24,009 | -€1,035 | -4.1% |
| Amounts receivable within one year | 40/41 | €11,663 | €9,849 | -€1,813 | -15.5% |
| Trade receivables | 40 | €10,164 | €9,849 | -€315 | -3.1% |
| Other amounts receivable | 41 | €1,499 | - | -€1,499 | |
| Cash at bank and in hand | 54/58 | €11,917 | €12,651 | +€735 | +6.2% |
| Deferred charges and accrued income | 490/1 | €1,464 | €1,508 | +€44 | +3.0% |
| Total equity and liabilities | 10/49 | €46,130 | €42,197 | -€3,933 | -8.5% |
| Equity | 10/15 | €32,632 | €18,803 | -€13,829 | -42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,032 | €203 | -€13,829 | -98.6% |
| Distributable reserves | 133 | €14,032 | €203 | -€13,829 | -98.6% |
| Amounts payable | 17/49 | €13,498 | €23,394 | +€9,896 | +73.3% |
| Amounts payable within one year | 42/48 | €13,486 | €23,394 | +€9,908 | +73.5% |
| Trade debts | 44 | €1,159 | €115 | -€1,044 | -90.0% |
| Suppliers | 440/4 | €1,159 | €115 | -€1,044 | -90.0% |
| Taxes, remuneration and social security | 45 | €11,221 | €8,214 | -€3,007 | -26.8% |
| Taxes | 450/3 | €8,572 | €7,445 | -€1,127 | -13.1% |
| Remuneration and social security | 454/9 | €2,649 | €769 | -€1,880 | -71.0% |
| Other amounts payable | 47/48 | €1,106 | €15,064 | +€13,958 | +1,262% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,315 | €2,898 | -€2,417 | -45.5% |
| Other operating charges | 640/8 | €2,243 | €2,115 | -€128 | -5.7% |
| Gross operating margin | 9900 | €7,535 | €31,664 | +€24,130 | +320% |
| Operating profit (loss) | 9901 | -€23 | €26,652 | +€26,674 | |
| Financial charges | 65/66B | €173 | €163 | -€11 | -6.2% |
| Recurring financial charges | 65 | €173 | €163 | -€11 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€196 | €26,489 | +€26,685 | |
| Income taxes | 67/77 | €2,513 | €10,318 | +€7,805 | +311% |
| Profit (loss) for the period | 9904 | -€2,709 | €16,171 | +€18,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,709 | €16,171 | +€18,880 |
Next steps
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 8 November 2026 via checked.be.