Van Slembrouck & Willems: 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.
Van Slembrouck & Willems
Largest movements
- Cash -€2,598
down €2,598 (-8.1%), from €32,063 to €29,464
mainly Other debts (-€8,631) and Deferred charges and accrued income (-€1,557)
- Deferred charges and accrued income +€1,557
new in 2025: €1,557
- Other debts -€8,631
down €8,631 (-47.0%), from €18,362 to €9,731
- Tax, wage and social debts +€3,397
up €3,397 (+19.8%), from €17,169 to €20,565
of which Taxes: +€2,697
- Reserves +€2,428
up €2,428 (+82.3%), from €2,951 to €5,379
- Trade debts +€1,047
up €1,047 (+67.8%), from €1,546 to €2,593
- Staff costs +€8,499
up €8,499 (+10.1%), from €83,863 to €92,362
- Gross operating margin -€4,209
down €4,209 (-4.0%), from €104,201 to €99,992
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.
Derived cash bridge
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 | €52,428 | €50,669 | -€1,759 | -3.4% |
| Fixed assets | 21/28 | €1,828 | €1,477 | -€350 | -19.2% |
| Tangible fixed assets | 22/27 | €1,828 | €1,477 | -€350 | -19.2% |
| Land and buildings | 22 | €1,828 | €1,477 | -€350 | -19.2% |
| Current assets | 29/58 | €50,600 | €49,192 | -€1,408 | -2.8% |
| Amounts receivable within one year | 40/41 | €18,538 | €18,170 | -€367 | -2.0% |
| Trade receivables | 40 | €16,880 | €18,170 | +€1,291 | +7.6% |
| Other amounts receivable | 41 | €1,658 | - | -€1,658 | |
| Cash at bank and in hand | 54/58 | €32,063 | €29,464 | -€2,598 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €1,557 | +€1,557 | |
| Total equity and liabilities | 10/49 | €52,428 | €50,669 | -€1,759 | -3.4% |
| Equity | 10/15 | €15,351 | €17,779 | +€2,428 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,951 | €5,379 | +€2,428 | +82.3% |
| Distributable reserves | 133 | €2,951 | €5,379 | +€2,428 | +82.3% |
| Amounts payable | 17/49 | €37,077 | €32,890 | -€4,187 | -11.3% |
| Amounts payable within one year | 42/48 | €37,077 | €32,890 | -€4,187 | -11.3% |
| Trade debts | 44 | €1,546 | €2,593 | +€1,047 | +67.8% |
| Suppliers | 440/4 | €1,546 | €2,593 | +€1,047 | +67.8% |
| Taxes, remuneration and social security | 45 | €17,169 | €20,565 | +€3,397 | +19.8% |
| Taxes | 450/3 | €2,733 | €5,430 | +€2,697 | +98.7% |
| Remuneration and social security | 454/9 | €14,435 | €15,135 | +€700 | +4.8% |
| Other amounts payable | 47/48 | €18,362 | €9,731 | -€8,631 | -47.0% |
| Non-recurring operating income | 76A | €6,100 | - | -€6,100 | |
| Remuneration, social security and pensions | 62 | €83,863 | €92,362 | +€8,499 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €350 | = | 0.0% |
| Other operating charges | 640/8 | €1,411 | €864 | -€546 | -38.7% |
| Gross operating margin | 9900 | €104,201 | €99,992 | -€4,209 | -4.0% |
| Operating profit (loss) | 9901 | €18,577 | €6,415 | -€12,162 | -65.5% |
| Financial charges | 65/66B | €1,003 | €1,290 | +€288 | +28.7% |
| Recurring financial charges | 65 | €1,003 | €1,290 | +€288 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €17,574 | €5,125 | -€12,449 | -70.8% |
| Income taxes | 67/77 | €2,733 | €2,697 | -€36 | -1.3% |
| Profit (loss) for the period | 9904 | €14,841 | €2,428 | -€12,413 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,841 | €2,428 | -€12,413 | -83.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.