Sluitsteen: 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.
Sluitsteen
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Financial fixed assets +€19,687
up €19,687 (+14.3%), from €138,026 to €157,713
- Receivables within one year -€16,843
down €16,843 (-31.0%), from €54,344 to €37,501
of which Trade receivables: -€18,500
- Tangible fixed assets -€10,503
down €10,503 (-45.6%), from €23,041 to €12,538
of which Furniture and vehicles: -€7,958
- Cash +€10,386
up €10,386 (+7.2%), from €145,198 to €155,584
mainly Other debts (+€187,570) and Net result for the year (+€107,055)
- Other debts +€187,570
up €187,570 (+5654.8%), from €3,317 to €190,887
- Profit (loss) carried forward -€67,945
down €67,945 (-19.3%), from €352,948 to €285,003
- Tax, wage and social debts -€16,328
down €16,328 (-80.5%), from €20,283 to €3,955
of which Remuneration and social security: -€17,000
- Gross operating margin -€287,252
down €287,252 (-64.8%), from €443,256 to €156,004
- Taxes -€67,513
down €67,513 (-65.3%), from €103,356 to €35,843
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 | €382,351 | €485,222 | +€102,871 | +26.9% |
| Fixed assets | 21/28 | €161,067 | €170,251 | +€9,184 | +5.7% |
| Tangible fixed assets | 22/27 | €23,041 | €12,538 | -€10,503 | -45.6% |
| Plant, machinery and equipment | 23 | €690 | €360 | -€330 | -47.8% |
| Furniture and vehicles | 24 | €8,548 | €590 | -€7,958 | -93.1% |
| Other tangible fixed assets | 26 | €13,803 | €11,588 | -€2,215 | -16.0% |
| Financial fixed assets | 28 | €138,026 | €157,713 | +€19,687 | +14.3% |
| Current assets | 29/58 | €221,284 | €314,971 | +€93,687 | +42.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,344 | €37,501 | -€16,843 | -31.0% |
| Trade receivables | 40 | €42,700 | €24,200 | -€18,500 | -43.3% |
| Other amounts receivable | 41 | €11,644 | €13,301 | +€1,657 | +14.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €145,198 | €155,584 | +€10,386 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,742 | €1,886 | +€144 | +8.3% |
| Total equity and liabilities | 10/49 | €382,351 | €485,222 | +€102,871 | +26.9% |
| Equity | 10/15 | €357,748 | €289,803 | -€67,945 | -19.0% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €352,948 | €285,003 | -€67,945 | -19.3% |
| Amounts payable | 17/49 | €24,603 | €195,419 | +€170,816 | +694.3% |
| Amounts payable within one year | 42/48 | €24,603 | €195,419 | +€170,816 | +694.3% |
| Trade debts | 44 | €1,003 | €577 | -€426 | -42.5% |
| Suppliers | 440/4 | €1,003 | €577 | -€426 | -42.5% |
| Taxes, remuneration and social security | 45 | €20,283 | €3,955 | -€16,328 | -80.5% |
| Taxes | 450/3 | €3,283 | €3,955 | +€672 | +20.5% |
| Remuneration and social security | 454/9 | €17,000 | - | -€17,000 | |
| Other amounts payable | 47/48 | €3,317 | €190,887 | +€187,570 | +5654.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,307 | €10,503 | -€1,804 | -14.7% |
| Other operating charges | 640/8 | €1,233 | €3,872 | +€2,639 | +214.0% |
| Non-recurring operating charges | 66A | €17,368 | - | -€17,368 | |
| Gross operating margin | 9900 | €443,256 | €156,004 | -€287,252 | -64.8% |
| Operating profit (loss) | 9901 | €412,348 | €141,629 | -€270,719 | -65.7% |
| Financial income | 75/76B | - | €1,532 | +€1,532 | |
| Recurring financial income | 75 | - | €1,532 | +€1,532 | |
| Financial charges | 65/66B | €237 | €263 | +€26 | +11.0% |
| Recurring financial charges | 65 | €237 | €263 | +€26 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €412,111 | €142,898 | -€269,213 | -65.3% |
| Income taxes | 67/77 | €103,356 | €35,843 | -€67,513 | -65.3% |
| Profit (loss) for the period | 9904 | €308,755 | €107,055 | -€201,700 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €308,755 | €107,055 | -€201,700 | -65.3% |
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 5 October 2026 via checked.be.