SLS CONSTRUCT: 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.
SLS CONSTRUCT
Largest movements
- Receivables within one year -€74,470
down €74,470 (-68.0%), from €109,491 to €35,021
of which Trade receivables: -€67,321
- Profit (loss) carried forward -€41,436
down €41,436, from €5,497 to -€35,939
- Debts after one year -€32,546
down €32,546 (-62.9%), from €51,740 to €19,194
- Other debts +€29,000
up €29,000 (+36.2%), from €80,006 to €109,006
- Tax, wage and social debts -€19,701
down €19,701 (-95.4%), from €20,650 to €949
of which Remuneration and social security: -€15,374
- Trade debts -€10,719
down €10,719 (-46.4%), from €23,094 to €12,375
- Gross operating margin -€100,269
down €100,269 (-68.1%), from €147,175 to €46,906
- Depreciation -€32,224
down €32,224 (-85.4%), from €37,716 to €5,492
- Staff costs -€17,400
down €17,400 (-19.8%), from €87,892 to €70,492
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 | €236,073 | €160,671 | -€75,402 | -31.9% |
| Fixed assets | 21/28 | €113,550 | €114,584 | +€1,034 | +0.9% |
| Tangible fixed assets | 22/27 | €108,525 | €109,559 | +€1,034 | +1.0% |
| Furniture and vehicles | 24 | €108,525 | €109,559 | +€1,034 | +1.0% |
| Financial fixed assets | 28 | €5,025 | €5,025 | = | 0.0% |
| Current assets | 29/58 | €122,523 | €46,087 | -€76,436 | -62.4% |
| Amounts receivable within one year | 40/41 | €109,491 | €35,021 | -€74,470 | -68.0% |
| Trade receivables | 40 | €95,733 | €28,412 | -€67,321 | -70.3% |
| Other amounts receivable | 41 | €13,758 | €6,609 | -€7,149 | -52.0% |
| Cash at bank and in hand | 54/58 | €13,032 | €11,066 | -€1,966 | -15.1% |
| Total equity and liabilities | 10/49 | €236,073 | €160,671 | -€75,402 | -31.9% |
| Equity | 10/15 | €28,037 | -€13,399 | -€41,436 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,940 | €3,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,940 | €3,940 | = | 0.0% |
| Legal reserve | 130 | €3,940 | €3,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,497 | -€35,939 | -€41,436 | |
| Amounts payable | 17/49 | €208,036 | €174,070 | -€33,966 | -16.3% |
| Amounts payable after more than one year | 17 | €51,740 | €19,194 | -€32,546 | -62.9% |
| Financial debts | 170/4 | €51,740 | €19,194 | -€32,546 | -62.9% |
| Amounts payable within one year | 42/48 | €156,296 | €154,876 | -€1,420 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €32,546 | €32,546 | = | 0.0% |
| Trade debts | 44 | €23,094 | €12,375 | -€10,719 | -46.4% |
| Suppliers | 440/4 | €23,094 | €12,375 | -€10,719 | -46.4% |
| Taxes, remuneration and social security | 45 | €20,650 | €949 | -€19,701 | -95.4% |
| Taxes | 450/3 | €4,327 | - | -€4,327 | |
| Remuneration and social security | 454/9 | €16,323 | €949 | -€15,374 | -94.2% |
| Other amounts payable | 47/48 | €80,006 | €109,006 | +€29,000 | +36.2% |
| Remuneration, social security and pensions | 62 | €87,892 | €70,492 | -€17,400 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,716 | €5,492 | -€32,224 | -85.4% |
| Other operating charges | 640/8 | €8,485 | €7,822 | -€663 | -7.8% |
| Non-recurring operating charges | 66A | €7,702 | - | -€7,702 | |
| Gross operating margin | 9900 | €147,175 | €46,906 | -€100,269 | -68.1% |
| Operating profit (loss) | 9901 | €5,380 | -€36,900 | -€42,280 | |
| Financial income | 75/76B | €30 | €200 | +€170 | +566.7% |
| Recurring financial income | 75 | €30 | €200 | +€170 | +566.7% |
| Financial charges | 65/66B | €4,544 | €4,736 | +€192 | +4.2% |
| Recurring financial charges | 65 | €4,544 | €4,736 | +€192 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €866 | -€41,436 | -€42,302 | |
| Profit (loss) for the period | 9904 | €866 | -€41,436 | -€42,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €866 | -€41,436 | -€42,302 |
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 28 September 2026 via checked.be.