SLUIS4: 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.
SLUIS4
Largest movements
- Stocks and contracts +€4,759
up €4,759 (+69.0%), from €6,900 to €11,659
- Tangible fixed assets +€3,467
up €3,467 (+5.7%), from €60,330 to €63,797
of which Furniture and vehicles: +€3,534
- Receivables within one year -€2,940
down €2,940 (-61.2%), from €4,801 to €1,861
of which Trade receivables: -€3,414
- Cash -€2,287
down €2,287 (-10.3%), from €22,253 to €19,965
mainly Investment in fixed assets (net) (-€14,069) and Debts after one year (-€8,243)
- Deferred charges and accrued income +€2,108
up €2,108 (+1387.2%), from €152 to €2,260
- Reserves +€8,969
up €8,969 (+181.6%), from €4,940 to €13,909
- Debts after one year -€8,243
down €8,243 (-51.4%), from €16,031 to €7,788
- Trade debts +€7,327
up €7,327 (+55.0%), from €13,326 to €20,653
- Tax, wage and social debts -€4,065
down €4,065 (-19.0%), from €21,382 to €17,317
of which Taxes: -€2,107
- Other debts +€1,771
up €1,771 (+5.9%), from €29,800 to €31,571
- Staff costs -€57,363
down €57,363 (-28.9%), from €198,755 to €141,392
- Gross operating margin -€55,697
down €55,697 (-25.0%), from €222,508 to €166,811
- Other operating charges -€2,590
down €2,590 (-76.6%), from €3,383 to €793
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 | €104,836 | €109,942 | +€5,106 | +4.9% |
| Fixed assets | 21/28 | €70,730 | €74,197 | +€3,467 | +4.9% |
| Tangible fixed assets | 22/27 | €60,330 | €63,797 | +€3,467 | +5.7% |
| Furniture and vehicles | 24 | €9,204 | €12,738 | +€3,534 | +38.4% |
| Other tangible fixed assets | 26 | €51,127 | €51,059 | -€68 | -0.1% |
| Financial fixed assets | 28 | €10,400 | €10,400 | = | 0.0% |
| Current assets | 29/58 | €34,105 | €35,745 | +€1,640 | +4.8% |
| Stocks and contracts in progress | 3 | €6,900 | €11,659 | +€4,759 | +69.0% |
| Stocks | 30/36 | €6,900 | €11,659 | +€4,759 | +69.0% |
| Amounts receivable within one year | 40/41 | €4,801 | €1,861 | -€2,940 | -61.2% |
| Trade receivables | 40 | €3,995 | €582 | -€3,414 | -85.4% |
| Other amounts receivable | 41 | €805 | €1,279 | +€474 | +58.8% |
| Cash at bank and in hand | 54/58 | €22,253 | €19,965 | -€2,287 | -10.3% |
| Deferred charges and accrued income | 490/1 | €152 | €2,260 | +€2,108 | +1387.2% |
| Total equity and liabilities | 10/49 | €104,836 | €109,942 | +€5,106 | +4.9% |
| Equity | 10/15 | €14,940 | €23,909 | +€8,969 | +60.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,940 | €13,909 | +€8,969 | +181.6% |
| Distributable reserves | 133 | €4,940 | €13,909 | +€8,969 | +181.6% |
| Amounts payable | 17/49 | €89,896 | €86,033 | -€3,863 | -4.3% |
| Amounts payable after more than one year | 17 | €16,031 | €7,788 | -€8,243 | -51.4% |
| Financial debts | 170/4 | €16,031 | €7,788 | -€8,243 | -51.4% |
| Amounts payable within one year | 42/48 | €73,865 | €78,245 | +€4,380 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €9,351 | €8,639 | -€712 | -7.6% |
| Financial debts | 43 | €7 | €66 | +€59 | +837.6% |
| Credit institutions | 430/8 | €7 | €66 | +€59 | +837.6% |
| Trade debts | 44 | €13,326 | €20,653 | +€7,327 | +55.0% |
| Suppliers | 440/4 | €13,326 | €20,653 | +€7,327 | +55.0% |
| Taxes, remuneration and social security | 45 | €21,382 | €17,317 | -€4,065 | -19.0% |
| Taxes | 450/3 | €3,732 | €1,624 | -€2,107 | -56.5% |
| Remuneration and social security | 454/9 | €17,650 | €15,692 | -€1,958 | -11.1% |
| Other amounts payable | 47/48 | €29,800 | €31,571 | +€1,771 | +5.9% |
| Remuneration, social security and pensions | 62 | €198,755 | €141,392 | -€57,363 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,490 | €10,602 | -€888 | -7.7% |
| Other operating charges | 640/8 | €3,383 | €793 | -€2,590 | -76.6% |
| Gross operating margin | 9900 | €222,508 | €166,811 | -€55,697 | -25.0% |
| Operating profit (loss) | 9901 | €8,881 | €14,024 | +€5,143 | +57.9% |
| Financial income | 75/76B | €65 | €36 | -€29 | -44.6% |
| Recurring financial income | 75 | €65 | €36 | -€29 | -44.6% |
| Financial charges | 65/66B | €2,425 | €1,467 | -€959 | -39.5% |
| Recurring financial charges | 65 | €2,425 | €1,467 | -€959 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €6,521 | €12,593 | +€6,073 | +93.1% |
| Income taxes | 67/77 | €1,581 | €3,624 | +€2,043 | +129.3% |
| Profit (loss) for the period | 9904 | €4,940 | €8,969 | +€4,029 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,940 | €8,969 | +€4,029 | +81.6% |
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 29 September 2026 via checked.be.