S&A: 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.
S&A
Largest movements
- Receivables within one year -€12,103
down €12,103 (-54.1%), from €22,375 to €10,272
of which Trade receivables: -€7,426
- Tangible fixed assets +€10,709
up €10,709 (+178%), from €6,018 to €16,728
of which Furniture and vehicles: +€6,414
- Cash -€5,781
down €5,781 (-51.7%), from €11,191 to €5,410
mainly Investment in fixed assets (net) (-€14,708) and Net result for the year (-€10,803)
- Deferred charges and accrued income -€2,782
down €2,782 (-93.3%), from €2,983 to €201
- Profit (loss) carried forward -€10,803
down €10,803, from €9,844 to -€959
- Tax, wage and social debts +€1,466
up €1,466 (+20.9%), from €7,031 to €8,497
- Other debts -€600
down €600 (-70.0%), from €857 to €257
- Gross operating margin -€15,161
down €15,161, from €13,088 to -€2,073
- Taxes -€3,219
down €3,219 (-94.2%), from €3,417 to €198
- Depreciation +€2,736
up €2,736 (+217%), from €1,262 to €3,998
- Financial charges +€1,562
up €1,562 (+194%), from €804 to €2,366
- Other operating charges +€312
up €312 (+17.4%), from €1,792 to €2,103
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 | €42,567 | €32,611 | -€9,956 | -23.4% |
| Fixed assets | 21/28 | €6,018 | €16,728 | +€10,709 | +178% |
| Tangible fixed assets | 22/27 | €6,018 | €16,728 | +€10,709 | +178% |
| Plant, machinery and equipment | 23 | €1,429 | €5,897 | +€4,467 | +313% |
| Furniture and vehicles | 24 | €3,126 | €9,540 | +€6,414 | +205% |
| Other tangible fixed assets | 26 | €1,463 | €1,291 | -€172 | -11.8% |
| Current assets | 29/58 | €36,549 | €15,883 | -€20,666 | -56.5% |
| Amounts receivable within one year | 40/41 | €22,375 | €10,272 | -€12,103 | -54.1% |
| Trade receivables | 40 | €17,698 | €10,272 | -€7,426 | -42.0% |
| Other amounts receivable | 41 | €4,677 | - | -€4,677 | |
| Cash at bank and in hand | 54/58 | €11,191 | €5,410 | -€5,781 | -51.7% |
| Deferred charges and accrued income | 490/1 | €2,983 | €201 | -€2,782 | -93.3% |
| Total equity and liabilities | 10/49 | €42,567 | €32,611 | -€9,956 | -23.4% |
| Equity | 10/15 | €30,646 | €19,843 | -€10,803 | -35.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,802 | €19,802 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €19,702 | €19,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,844 | -€959 | -€10,803 | |
| Amounts payable | 17/49 | €11,921 | €12,768 | +€847 | +7.1% |
| Amounts payable within one year | 42/48 | €11,921 | €12,768 | +€847 | +7.1% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €4,034 | €4,012 | -€22 | -0.5% |
| Suppliers | 440/4 | €4,034 | €4,012 | -€22 | -0.5% |
| Taxes, remuneration and social security | 45 | €7,031 | €8,497 | +€1,466 | +20.9% |
| Taxes | 450/3 | €7,031 | €8,497 | +€1,466 | +20.9% |
| Other amounts payable | 47/48 | €857 | €257 | -€600 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €3,998 | +€2,736 | +217% |
| Other operating charges | 640/8 | €1,792 | €2,103 | +€312 | +17.4% |
| Non-recurring operating charges | 66A | - | €72 | +€72 | |
| Gross operating margin | 9900 | €13,088 | -€2,073 | -€15,161 | |
| Operating profit (loss) | 9901 | €10,034 | -€8,246 | -€18,280 | |
| Financial income | 75/76B | €81 | €7 | -€74 | -91.8% |
| Recurring financial income | 75 | €81 | €7 | -€74 | -91.8% |
| Financial charges | 65/66B | €804 | €2,366 | +€1,562 | +194% |
| Recurring financial charges | 65 | €804 | €2,366 | +€1,562 | +194% |
| Profit (loss) for the period before taxes | 9903 | €9,311 | -€10,605 | -€19,916 | |
| Income taxes | 67/77 | €3,417 | €198 | -€3,219 | -94.2% |
| Profit (loss) for the period | 9904 | €5,894 | -€10,803 | -€16,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,894 | -€10,803 | -€16,697 |
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 14 October 2026 via checked.be.