SLV Management: 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.
SLV Management
Largest movements
- Cash +€33,643
up €33,643 (+248.7%), from €13,526 to €47,169
mainly Net result for the year (+€31,785) and Depreciation (+€16,318)
- Tangible fixed assets -€20,498
down €20,498 (-32.2%), from €63,716 to €43,218
of which Furniture and vehicles: -€13,035
- Receivables within one year +€17,548
up €17,548 (+91.0%), from €19,293 to €36,842
- Reserves +€31,785
up €31,785 (+316.4%), from €10,045 to €41,831
of which Distributable reserves: +€31,785
- Debts after one year -€7,873
down €7,873 (-24.5%), from €32,096 to €24,223
- Tax, wage and social debts +€7,087
up €7,087 (+23.4%), from €30,245 to €37,332
of which Remuneration and social security: +€4,556
- Trade debts +€6,911
up €6,911 (+553.3%), from €1,249 to €8,160
- Current portion of long-term debt -€6,446
down €6,446 (-45.0%), from €14,319 to €7,873
- Gross operating margin +€90,550
up €90,550 (+192.8%), from €46,958 to €137,508
- Staff costs +€50,759
up €50,759 (+235.7%), from €21,537 to €72,296
- Taxes +€10,954
up €10,954 (+317.9%), from €3,446 to €14,400
- Depreciation +€2,434
up €2,434 (+17.5%), from €13,884 to €16,318
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 | €96,536 | €127,229 | +€30,694 | +31.8% |
| Fixed assets | 21/28 | €63,716 | €43,218 | -€20,498 | -32.2% |
| Tangible fixed assets | 22/27 | €63,716 | €43,218 | -€20,498 | -32.2% |
| Plant, machinery and equipment | 23 | - | €963 | +€963 | |
| Furniture and vehicles | 24 | €24,301 | €11,266 | -€13,035 | -53.6% |
| Leasing and similar rights | 25 | €39,416 | €30,989 | -€8,426 | -21.4% |
| Current assets | 29/58 | €32,819 | €84,011 | +€51,192 | +156.0% |
| Amounts receivable within one year | 40/41 | €19,293 | €36,842 | +€17,548 | +91.0% |
| Trade receivables | 40 | €19,293 | €36,842 | +€17,548 | +91.0% |
| Cash at bank and in hand | 54/58 | €13,526 | €47,169 | +€33,643 | +248.7% |
| Total equity and liabilities | 10/49 | €96,536 | €127,229 | +€30,694 | +31.8% |
| Equity | 10/15 | €16,245 | €48,031 | +€31,785 | +195.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,045 | €41,831 | +€31,785 | +316.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,185 | €39,971 | +€31,785 | +388.3% |
| Amounts payable | 17/49 | €80,291 | €79,199 | -€1,092 | -1.4% |
| Amounts payable after more than one year | 17 | €32,096 | €24,223 | -€7,873 | -24.5% |
| Financial debts | 170/4 | €32,096 | €24,223 | -€7,873 | -24.5% |
| Amounts payable within one year | 42/48 | €48,195 | €54,976 | +€6,781 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €14,319 | €7,873 | -€6,446 | -45.0% |
| Trade debts | 44 | €1,249 | €8,160 | +€6,911 | +553.3% |
| Suppliers | 440/4 | €1,249 | €8,160 | +€6,911 | +553.3% |
| Taxes, remuneration and social security | 45 | €30,245 | €37,332 | +€7,087 | +23.4% |
| Taxes | 450/3 | €17,844 | €20,375 | +€2,531 | +14.2% |
| Remuneration and social security | 454/9 | €12,402 | €16,957 | +€4,556 | +36.7% |
| Other amounts payable | 47/48 | €2,382 | €1,611 | -€771 | -32.4% |
| Non-recurring operating income | 76A | €2,181 | €9,483 | +€7,301 | +334.7% |
| Remuneration, social security and pensions | 62 | €21,537 | €72,296 | +€50,759 | +235.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,884 | €16,318 | +€2,434 | +17.5% |
| Other operating charges | 640/8 | €1,070 | €860 | -€209 | -19.6% |
| Gross operating margin | 9900 | €46,958 | €137,508 | +€90,550 | +192.8% |
| Operating profit (loss) | 9901 | €10,468 | €48,034 | +€37,566 | +358.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €853 | €1,848 | +€995 | +116.6% |
| Recurring financial charges | 65 | €853 | €1,848 | +€995 | +116.6% |
| Profit (loss) for the period before taxes | 9903 | €9,614 | €46,185 | +€36,571 | +380.4% |
| Income taxes | 67/77 | €3,446 | €14,400 | +€10,954 | +317.9% |
| Profit (loss) for the period | 9904 | €6,169 | €31,785 | +€25,617 | +415.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,169 | €31,785 | +€25,617 | +415.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.