SLUISE VEER: what changed
What changed
SLUISE VEER
filed annual accounts (NBB)
Net result for the year
-€39,832
2024 · €95,704-€135,536
Equity
€2.9m
2024 · €2.9m-€39,832
Cash
€73,479
2024 · €284,674-€211,194
Balance sheet total
€4.2m
2024 · €4.2m-€69,163
Largest movements
Assets
- Cash -€211,194
down €211,194 (-74.2%), from €284,674 to €73,479
mainly Investment in fixed assets (net) (-€140,717) and Other debts (-€72,137)
- Tangible fixed assets +€84,894
up €84,894 (+2.6%), from €3.2m to €3.3m
of which Plant, machinery and equipment: +€63,780
- Deferred charges and accrued income +€55,705
up €55,705 (+83.2%), from €66,952 to €122,657
Equity and liabilities
- Other debts -€72,137
down €72,137 (-6.1%), from €1.2m to €1.1m
- Trade debts +€43,560
new in 2025: €43,560
Income statement
- Gross operating margin -€109,540
down €109,540 (-71.8%), from €152,546 to €43,005
- Depreciation +€14,531
up €14,531 (+33.6%), from €43,292 to €57,823
- Taxes +€7,237
up €7,237, from -€860 to €6,377
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€95,704
Gross operating margin
-€109,540
Depreciation
-€14,531
Other operating charges
+€247
Other operating items
-€5,000
Financial income
+€0
Financial charges
+€525
Taxes
-€7,237
Result 2025
-€39,832
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€46,591
Investment
-€140,717
Financing
-€23,886
Cash 2024
€284,674
From operations (derived)
-€46,591
Net result for the year
-€39,832
Depreciation
+€57,823
Stocks and contracts
-€4,600
Receivables within one year
+€1,168
Deferred charges and accrued income
-€55,705
Trade debts
+€43,560
Tax, wage and social debts
+€2,667
Other debts
-€72,137
Accrued charges and deferred income
+€20,465
Investment (derived)
-€140,717
Investment in fixed assets (net)
-€140,717
Financing
-€23,886
Debts after one year
-€8,887
Current portion of long-term debt
-€15,000
Cash 2025
€73,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,230,831 | €4,161,668 | -€69,163 | -1.6% |
| Fixed assets | 21/28 | €3,246,503 | €3,329,397 | +€82,894 | +2.6% |
| Intangible fixed assets | 21 | €17,833 | €15,833 | -€2,000 | -11.2% |
| Tangible fixed assets | 22/27 | €3,222,911 | €3,307,805 | +€84,894 | +2.6% |
| Land and buildings | 22 | €3,008,522 | €2,986,479 | -€22,043 | -0.7% |
| Plant, machinery and equipment | 23 | €214,389 | €278,169 | +€63,780 | +29.7% |
| Furniture and vehicles | 24 | - | €43,154 | +€43,154 | |
| Other tangible fixed assets | 26 | - | €3 | +€3 | |
| Financial fixed assets | 28 | €5,759 | €5,759 | = | 0.0% |
| Current assets | 29/58 | €984,328 | €832,270 | -€152,058 | -15.4% |
| Stocks and contracts in progress | 3 | €10,400 | €15,000 | +€4,600 | +44.2% |
| Stocks | 30/36 | €10,400 | €15,000 | +€4,600 | +44.2% |
| Amounts receivable within one year | 40/41 | €622,302 | €621,134 | -€1,168 | -0.2% |
| Other amounts receivable | 41 | €622,302 | €621,134 | -€1,168 | -0.2% |
| Cash at bank and in hand | 54/58 | €284,674 | €73,479 | -€211,194 | -74.2% |
| Deferred charges and accrued income | 490/1 | €66,952 | €122,657 | +€55,705 | +83.2% |
| Total equity and liabilities | 10/49 | €4,230,831 | €4,161,668 | -€69,163 | -1.6% |
| Equity | 10/15 | €2,930,013 | €2,890,181 | -€39,832 | -1.4% |
| Contributions | 10/11 | €2,584,000 | €2,584,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,013 | €306,181 | -€39,832 | -11.5% |
| Amounts payable | 17/49 | €1,300,818 | €1,271,487 | -€29,331 | -2.3% |
| Amounts payable after more than one year | 17 | €62,947 | €54,060 | -€8,887 | -14.1% |
| Financial debts | 170/4 | €62,947 | €54,060 | -€8,887 | -14.1% |
| Amounts payable within one year | 42/48 | €1,216,870 | €1,175,961 | -€40,910 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €23,886 | €8,887 | -€15,000 | -62.8% |
| Trade debts | 44 | - | €43,560 | +€43,560 | |
| Suppliers | 440/4 | - | €43,560 | +€43,560 | |
| Taxes, remuneration and social security | 45 | €8,673 | €11,340 | +€2,667 | +30.7% |
| Taxes | 450/3 | €8,673 | €11,340 | +€2,667 | +30.7% |
| Other amounts payable | 47/48 | €1,184,311 | €1,112,174 | -€72,137 | -6.1% |
| Accrued charges and deferred income | 492/3 | €21,001 | €41,466 | +€20,465 | +97.4% |
| Non-recurring operating income | 76A | €18,070 | €0 | -€18,070 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,292 | €57,823 | +€14,531 | +33.6% |
| Other operating charges | 640/8 | €11,364 | €11,116 | -€247 | -2.2% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €152,546 | €43,005 | -€109,540 | -71.8% |
| Operating profit (loss) | 9901 | €97,890 | -€30,934 | -€128,824 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,046 | €2,521 | -€525 | -17.2% |
| Recurring financial charges | 65 | €3,046 | €2,521 | -€525 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €94,844 | -€33,455 | -€128,299 | |
| Income taxes | 67/77 | -€860 | €6,377 | +€7,237 | |
| Profit (loss) for the period | 9904 | €95,704 | -€39,832 | -€135,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,704 | -€39,832 | -€135,536 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.