SLSD: 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.
SLSD
Largest movements
- Receivables within one year -€46,436
down €46,436 (-24.8%), from €187,180 to €140,744
of which Trade receivables: -€60,534
- Tangible fixed assets +€22,239
up €22,239 (+148.6%), from €14,961 to €37,200
of which Plant, machinery and equipment: +€23,294
- Cash -€6,534
down €6,534 (-44.8%), from €14,582 to €8,048
mainly Investment in fixed assets (net) (-€31,198) and Trade debts (-€25,176)
- Reserves +€80,761
new in 2024: €80,761
- Profit (loss) carried forward -€66,803
no longer reported in 2024 (was €66,803)
- Trade debts -€25,176
down €25,176 (-52.6%), from €47,848 to €22,672
- Tax, wage and social debts -€14,392
down €14,392 (-65.7%), from €21,907 to €7,515
of which Taxes: -€19,487
- Other debts -€2,602
down €2,602 (-4.4%), from €59,088 to €56,486
- Gross operating margin -€29,891
down €29,891 (-35.5%), from €84,171 to €54,279
- Staff costs +€28,643
new in 2024: €28,643
- Taxes -€10,620
down €10,620 (-69.1%), from €15,367 to €4,747
- Depreciation +€7,805
up €7,805 (+5071.3%), from €154 to €7,959
- Other operating charges -€2,477
down €2,477 (-91.2%), from €2,716 to €239
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,723 | €193,610 | -€28,114 | -12.7% |
| Fixed assets | 21/28 | €19,961 | €43,200 | +€23,239 | +116.4% |
| Tangible fixed assets | 22/27 | €14,961 | €37,200 | +€22,239 | +148.6% |
| Plant, machinery and equipment | 23 | €12,993 | €36,287 | +€23,294 | +179.3% |
| Furniture and vehicles | 24 | €1,969 | €914 | -€1,055 | -53.6% |
| Financial fixed assets | 28 | €5,000 | €6,000 | +€1,000 | +20.0% |
| Current assets | 29/58 | €201,762 | €150,409 | -€51,353 | -25.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €187,180 | €140,744 | -€46,436 | -24.8% |
| Trade receivables | 40 | €155,638 | €95,104 | -€60,534 | -38.9% |
| Other amounts receivable | 41 | €31,542 | €45,640 | +€14,098 | +44.7% |
| Cash at bank and in hand | 54/58 | €14,582 | €8,048 | -€6,534 | -44.8% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €221,723 | €193,610 | -€28,114 | -12.7% |
| Equity | 10/15 | €67,803 | €81,761 | +€13,958 | +20.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €80,761 | +€80,761 | |
| Distributable reserves | 133 | - | €80,761 | +€80,761 | |
| Profit (loss) carried forward | 14 | €66,803 | - | -€66,803 | |
| Amounts payable | 17/49 | €153,921 | €111,849 | -€42,072 | -27.3% |
| Amounts payable after more than one year | 17 | €25,077 | €25,077 | = | 0.0% |
| Financial debts | 170/4 | €25,077 | €25,077 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,843 | €86,673 | -€42,171 | -32.7% |
| Trade debts | 44 | €47,848 | €22,672 | -€25,176 | -52.6% |
| Suppliers | 440/4 | €47,848 | €22,672 | -€25,176 | -52.6% |
| Taxes, remuneration and social security | 45 | €21,907 | €7,515 | -€14,392 | -65.7% |
| Taxes | 450/3 | €21,907 | €2,420 | -€19,487 | -89.0% |
| Remuneration and social security | 454/9 | - | €5,095 | +€5,095 | |
| Other amounts payable | 47/48 | €59,088 | €56,486 | -€2,602 | -4.4% |
| Accrued charges and deferred income | 492/3 | - | €99 | +€99 | |
| Remuneration, social security and pensions | 62 | - | €28,643 | +€28,643 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154 | €7,959 | +€7,805 | +5071.3% |
| Other operating charges | 640/8 | €2,716 | €239 | -€2,477 | -91.2% |
| Non-recurring operating charges | 66A | €4,164 | - | -€4,164 | |
| Gross operating margin | 9900 | €84,171 | €54,279 | -€29,891 | -35.5% |
| Operating profit (loss) | 9901 | €77,137 | €17,439 | -€59,698 | -77.4% |
| Financial income | 75/76B | €251 | €1,902 | +€1,651 | +658.6% |
| Recurring financial income | 75 | €251 | €1,902 | +€1,651 | +658.6% |
| Financial charges | 65/66B | €1,892 | €636 | -€1,256 | -66.4% |
| Recurring financial charges | 65 | €1,892 | €636 | -€1,256 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €75,496 | €18,705 | -€56,791 | -75.2% |
| Income taxes | 67/77 | €15,367 | €4,747 | -€10,620 | -69.1% |
| Profit (loss) for the period | 9904 | €60,129 | €13,958 | -€46,171 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,129 | €13,958 | -€46,171 | -76.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.