SLS JOHNSON: 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.
SLS JOHNSON
Largest movements
- Current investments +€39,379
up €39,379 (+10.0%), from €395,742 to €435,121
- Cash +€22,605
up €22,605 (+39.9%), from €56,594 to €79,200
mainly Net result for the year (+€28,076) and Trade debts (+€27,415)
- Reserves +€28,076
up €28,076 (+7.0%), from €403,492 to €431,568
of which Distributable reserves: +€28,076
- Trade debts +€27,415
up €27,415 (+12,047%), from €228 to €27,643
- Financial income -€4,105
down €4,105 (-33.8%), from €12,150 to €8,045
- Taxes -€1,368
down €1,368 (-12.8%), from €10,727 to €9,359
- Gross operating margin -€1,076
down €1,076 (-2.2%), from €47,857 to €46,781
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 | €587,248 | €642,739 | +€55,491 | +9.4% |
| Fixed assets | 21/28 | €132,001 | €125,795 | -€6,207 | -4.7% |
| Tangible fixed assets | 22/27 | €132,001 | €125,795 | -€6,207 | -4.7% |
| Land and buildings | 22 | €132,001 | €125,795 | -€6,207 | -4.7% |
| Current assets | 29/58 | €455,247 | €516,944 | +€61,697 | +13.6% |
| Amounts receivable within one year | 40/41 | - | €55 | +€55 | |
| Other amounts receivable | 41 | - | €55 | +€55 | |
| Current investments | 50/53 | €395,742 | €435,121 | +€39,379 | +10.0% |
| Cash at bank and in hand | 54/58 | €56,594 | €79,200 | +€22,605 | +39.9% |
| Deferred charges and accrued income | 490/1 | €2,910 | €2,569 | -€341 | -11.7% |
| Total equity and liabilities | 10/49 | €587,248 | €642,739 | +€55,491 | +9.4% |
| Equity | 10/15 | €527,439 | €555,514 | +€28,076 | +5.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €403,492 | €431,568 | +€28,076 | +7.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €391,097 | €419,173 | +€28,076 | +7.2% |
| Amounts payable | 17/49 | €59,810 | €87,224 | +€27,415 | +45.8% |
| Amounts payable after more than one year | 17 | €10,500 | €10,500 | = | 0.0% |
| Other amounts payable | 178/9 | €10,500 | €10,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €310 | €27,724 | +€27,415 | +8,857% |
| Trade debts | 44 | €228 | €27,643 | +€27,415 | +12,047% |
| Suppliers | 440/4 | €228 | €27,643 | +€27,415 | +12,047% |
| Taxes, remuneration and social security | 45 | €82 | €82 | = | 0.0% |
| Taxes | 450/3 | €82 | €82 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €49,000 | €49,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,207 | €6,207 | = | 0.0% |
| Other operating charges | 640/8 | €10,761 | €11,094 | +€333 | +3.1% |
| Gross operating margin | 9900 | €47,857 | €46,781 | -€1,076 | -2.2% |
| Operating profit (loss) | 9901 | €30,890 | €29,481 | -€1,409 | -4.6% |
| Financial income | 75/76B | €12,150 | €8,045 | -€4,105 | -33.8% |
| Recurring financial income | 75 | €12,150 | €8,045 | -€4,105 | -33.8% |
| Financial charges | 65/66B | €132 | €92 | -€40 | -30.6% |
| Recurring financial charges | 65 | €132 | €92 | -€40 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €42,907 | €37,434 | -€5,473 | -12.8% |
| Income taxes | 67/77 | €10,727 | €9,359 | -€1,368 | -12.8% |
| Profit (loss) for the period | 9904 | €32,181 | €28,076 | -€4,105 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,181 | €28,076 | -€4,105 | -12.8% |
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 15 October 2026 via checked.be.