SLS Management: 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 Management
Largest movements
- Cash +€16,752
up €16,752 (+55.5%), from €30,166 to €46,918
mainly Depreciation (+€12,184) and Receivables within one year (+€12,100)
- Receivables within one year -€12,100
no longer reported in 2025 (was €12,100)
- Tangible fixed assets -€10,794
down €10,794 (-24.6%), from €43,910 to €33,116
of which Leasing and similar rights: -€11,028
- Debts after one year -€10,665
down €10,665 (-35.3%), from €30,216 to €19,550
- Profit (loss) carried forward +€2,412
up €2,412 (+8.0%), from €30,143 to €32,555
- Other debts +€1,750
new in 2025: €1,750
- Gross operating margin -€14,653
down €14,653 (-44.0%), from €33,322 to €18,669
- Taxes -€2,928
down €2,928 (-67.1%), from €4,361 to €1,433
- Depreciation +€1,079
up €1,079 (+9.7%), from €11,104 to €12,184
- Financial charges -€583
down €583 (-29.1%), from €2,006 to €1,423
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 | €87,783 | €81,736 | -€6,047 | -6.9% |
| Fixed assets | 21/28 | €43,910 | €33,116 | -€10,794 | -24.6% |
| Tangible fixed assets | 22/27 | €43,910 | €33,116 | -€10,794 | -24.6% |
| Furniture and vehicles | 24 | €4,720 | €4,954 | +€234 | +5.0% |
| Leasing and similar rights | 25 | €39,190 | €28,162 | -€11,028 | -28.1% |
| Current assets | 29/58 | €43,873 | €48,620 | +€4,746 | +10.8% |
| Amounts receivable within one year | 40/41 | €12,100 | - | -€12,100 | |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Cash at bank and in hand | 54/58 | €30,166 | €46,918 | +€16,752 | +55.5% |
| Deferred charges and accrued income | 490/1 | €1,607 | €1,702 | +€94 | +5.9% |
| Total equity and liabilities | 10/49 | €87,783 | €81,736 | -€6,047 | -6.9% |
| Equity | 10/15 | €31,143 | €33,555 | +€2,412 | +7.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,143 | €32,555 | +€2,412 | +8.0% |
| Amounts payable | 17/49 | €56,641 | €48,181 | -€8,459 | -14.9% |
| Amounts payable after more than one year | 17 | €30,216 | €19,550 | -€10,665 | -35.3% |
| Financial debts | 170/4 | €30,216 | €19,550 | -€10,665 | -35.3% |
| Amounts payable within one year | 42/48 | €26,015 | €28,471 | +€2,456 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €10,260 | €10,665 | +€406 | +4.0% |
| Trade debts | 44 | €384 | €437 | +€53 | +13.8% |
| Suppliers | 440/4 | €384 | €437 | +€53 | +13.8% |
| Taxes, remuneration and social security | 45 | €15,371 | €15,618 | +€248 | +1.6% |
| Taxes | 450/3 | €15,371 | €15,618 | +€248 | +1.6% |
| Other amounts payable | 47/48 | - | €1,750 | +€1,750 | |
| Accrued charges and deferred income | 492/3 | €410 | €160 | -€250 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,104 | €12,184 | +€1,079 | +9.7% |
| Other operating charges | 640/8 | €1,321 | €1,217 | -€104 | -7.8% |
| Gross operating margin | 9900 | €33,322 | €18,669 | -€14,653 | -44.0% |
| Operating profit (loss) | 9901 | €20,897 | €5,268 | -€15,629 | -74.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,006 | €1,423 | -€583 | -29.1% |
| Recurring financial charges | 65 | €2,006 | €1,423 | -€583 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €18,891 | €3,845 | -€15,046 | -79.6% |
| Income taxes | 67/77 | €4,361 | €1,433 | -€2,928 | -67.1% |
| Profit (loss) for the period | 9904 | €14,529 | €2,412 | -€12,118 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,529 | €2,412 | -€12,118 | -83.4% |
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 4 October 2026 via checked.be.