Slagh: 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.
Slagh
Largest movements
- Receivables within one year +€303,970
up €303,970 (+42182.9%), from €721 to €304,691
of which Other amounts receivable: +€303,606
- Tangible fixed assets -€164,426
down €164,426 (-48.8%), from €336,698 to €172,272
- Current investments -€150,491
down €150,491 (-100.0%), from €150,491 to €0
- Cash -€24,234
down €24,234 (-89.8%), from €26,974 to €2,740
mainly Receivables within one year (-€303,970) and Debts after one year (-€94,229)
- Debts after one year -€94,229
down €94,229 (-51.1%), from €184,563 to €90,334
- Reserves +€62,000
up €62,000 (+17.6%), from €353,000 to €415,000
- Gross operating margin +€46,562
up €46,562 (+99.5%), from €46,806 to €93,368
- Taxes +€12,541
up €12,541 (+161.5%), from €7,767 to €20,307
- Depreciation -€6,120
down €6,120 (-46.6%), from €13,146 to €7,026
- Other operating charges +€2,809
up €2,809 (+185.5%), from €1,514 to €4,323
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 | €914,884 | €879,703 | -€35,181 | -3.8% |
| Fixed assets | 21/28 | €736,698 | €572,272 | -€164,426 | -22.3% |
| Tangible fixed assets | 22/27 | €336,698 | €172,272 | -€164,426 | -48.8% |
| Land and buildings | 22 | €336,698 | €172,272 | -€164,426 | -48.8% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €178,186 | €307,431 | +€129,245 | +72.5% |
| Amounts receivable within one year | 40/41 | €721 | €304,691 | +€303,970 | +42182.9% |
| Trade receivables | 40 | €721 | €1,085 | +€364 | +50.6% |
| Other amounts receivable | 41 | €0 | €303,606 | +€303,606 | |
| Current investments | 50/53 | €150,491 | €0 | -€150,491 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,974 | €2,740 | -€24,234 | -89.8% |
| Total equity and liabilities | 10/49 | €914,884 | €879,703 | -€35,181 | -3.8% |
| Equity | 10/15 | €712,140 | €774,385 | +€62,246 | +8.7% |
| Contributions | 10/11 | €358,449 | €358,449 | = | 0.0% |
| Reserves | 13 | €353,000 | €415,000 | +€62,000 | +17.6% |
| Distributable reserves | 133 | €353,000 | €415,000 | +€62,000 | +17.6% |
| Profit (loss) carried forward | 14 | €691 | €936 | +€246 | +35.6% |
| Amounts payable | 17/49 | €202,745 | €105,318 | -€97,427 | -48.1% |
| Amounts payable after more than one year | 17 | €184,563 | €90,334 | -€94,229 | -51.1% |
| Financial debts | 170/4 | €184,563 | €90,334 | -€94,229 | -51.1% |
| Amounts payable within one year | 42/48 | €17,455 | €14,257 | -€3,198 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €12,703 | €7,224 | -€5,479 | -43.1% |
| Trade debts | 44 | €847 | €410 | -€437 | -51.6% |
| Suppliers | 440/4 | €847 | €410 | -€437 | -51.6% |
| Taxes, remuneration and social security | 45 | €3,905 | €6,624 | +€2,718 | +69.6% |
| Taxes | 450/3 | €3,905 | €6,624 | +€2,718 | +69.6% |
| Accrued charges and deferred income | 492/3 | €727 | €727 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,146 | €7,026 | -€6,120 | -46.6% |
| Other operating charges | 640/8 | €1,514 | €4,323 | +€2,809 | +185.5% |
| Gross operating margin | 9900 | €46,806 | €93,368 | +€46,562 | +99.5% |
| Operating profit (loss) | 9901 | €32,146 | €82,019 | +€49,874 | +155.1% |
| Financial income | 75/76B | €4,485 | €4,173 | -€312 | -7.0% |
| Recurring financial income | 75 | €4,485 | €4,173 | -€312 | -7.0% |
| Financial charges | 65/66B | €3,669 | €3,639 | -€30 | -0.8% |
| Recurring financial charges | 65 | €3,669 | €3,639 | -€30 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €32,961 | €82,553 | +€49,592 | +150.5% |
| Income taxes | 67/77 | €7,767 | €20,307 | +€12,541 | +161.5% |
| Profit (loss) for the period | 9904 | €25,195 | €62,246 | +€37,051 | +147.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,195 | €62,246 | +€37,051 | +147.1% |
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 3 October 2026 via checked.be.