SLT: 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.
SLT
Largest movements
- Current investments +€164,978
up €164,978 (+6067.0%), from €2,719 to €167,698
- Cash -€79,771
down €79,771 (-47.5%), from €168,008 to €88,237
mainly Current investments (-€164,978) and Receivables within one year (-€35,907)
- Receivables within one year +€35,907
up €35,907 (+186.2%), from €19,286 to €55,194
of which Trade receivables: +€31,458
- Reserves +€111,362
up €111,362 (+72.1%), from €154,488 to €265,849
of which Distributable reserves: +€113,222
- Trade debts +€10,306
up €10,306 (+17527.8%), from €59 to €10,365
- Tax, wage and social debts -€5,422
down €5,422 (-52.7%), from €10,293 to €4,871
- Other debts +€3,270
up €3,270 (+51.9%), from €6,302 to €9,572
- Gross operating margin -€39,602
down €39,602 (-20.7%), from €191,354 to €151,752
- Taxes -€8,987
down €8,987 (-18.9%), from €47,531 to €38,544
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 | €193,676 | €312,496 | +€118,820 | +61.3% |
| Fixed assets | 21/28 | €3,426 | €819 | -€2,606 | -76.1% |
| Tangible fixed assets | 22/27 | €3,426 | €819 | -€2,606 | -76.1% |
| Plant, machinery and equipment | 23 | €3,426 | €819 | -€2,606 | -76.1% |
| Current assets | 29/58 | €190,250 | €311,676 | +€121,426 | +63.8% |
| Amounts receivable within one year | 40/41 | €19,286 | €55,194 | +€35,907 | +186.2% |
| Trade receivables | 40 | €19,286 | €50,744 | +€31,458 | +163.1% |
| Other amounts receivable | 41 | €0 | €4,450 | +€4,450 | |
| Current investments | 50/53 | €2,719 | €167,698 | +€164,978 | +6067.0% |
| Cash at bank and in hand | 54/58 | €168,008 | €88,237 | -€79,771 | -47.5% |
| Deferred charges and accrued income | 490/1 | €236 | €548 | +€312 | +132.3% |
| Total equity and liabilities | 10/49 | €193,676 | €312,496 | +€118,820 | +61.3% |
| Equity | 10/15 | €173,088 | €286,309 | +€113,222 | +65.4% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €154,488 | €265,849 | +€111,362 | +72.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €152,628 | €265,849 | +€113,222 | +74.2% |
| Amounts payable | 17/49 | €20,588 | €26,186 | +€5,598 | +27.2% |
| Amounts payable within one year | 42/48 | €16,653 | €24,808 | +€8,154 | +49.0% |
| Trade debts | 44 | €59 | €10,365 | +€10,306 | +17527.8% |
| Suppliers | 440/4 | €59 | €10,365 | +€10,306 | +17527.8% |
| Taxes, remuneration and social security | 45 | €10,293 | €4,871 | -€5,422 | -52.7% |
| Taxes | 450/3 | €10,293 | €4,871 | -€5,422 | -52.7% |
| Other amounts payable | 47/48 | €6,302 | €9,572 | +€3,270 | +51.9% |
| Accrued charges and deferred income | 492/3 | €3,935 | €1,379 | -€2,556 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,680 | €2,606 | -€1,074 | -29.2% |
| Other operating charges | 640/8 | €164 | €233 | +€69 | +42.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €191,354 | €151,752 | -€39,602 | -20.7% |
| Operating profit (loss) | 9901 | €187,511 | €148,913 | -€38,597 | -20.6% |
| Financial income | 75/76B | €1,549 | €3,007 | +€1,458 | +94.1% |
| Recurring financial income | 75 | €1,549 | €3,007 | +€1,458 | +94.1% |
| Financial charges | 65/66B | €143 | €155 | +€13 | +8.8% |
| Recurring financial charges | 65 | €143 | €155 | +€13 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €188,917 | €151,766 | -€37,152 | -19.7% |
| Income taxes | 67/77 | €47,531 | €38,544 | -€8,987 | -18.9% |
| Profit (loss) for the period | 9904 | €141,386 | €113,222 | -€28,164 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €141,386 | €113,222 | -€28,164 | -19.9% |
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 8 October 2026 via checked.be.