S&A Enterprises: what changed
S&A Enterprises
Largest movements
- Cash -€48,069
down €48,069 (-41.7%), from €115,196 to €67,126
mainly Other debts (-€55,461) and Tax, wage and social debts (-€19,187)
- Other debts -€55,461
down €55,461 (-100%), from €55,461 to €0
- Profit (loss) carried forward +€29,494
up €29,494 (+52.6%), from €56,061 to €85,555
- Tax, wage and social debts -€19,187
down €19,187 (-65.6%), from €29,236 to €10,049
of which Remuneration and social security: -€9,990
- Trade debts -€2,146
down €2,146 (-30.1%), from €7,129 to €4,983
- Staff costs +€5,629
up €5,629 (+10.7%), from €52,611 to €58,239
- Gross operating margin +€2,076
up €2,076 (+1.9%), from €110,371 to €112,447
- Depreciation +€1,319
up €1,319 (+42.3%), from €3,118 to €4,437
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,387 | €103,087 | -€47,300 | -31.5% |
| Fixed assets | 21/28 | €18,299 | €18,925 | +€626 | +3.4% |
| Tangible fixed assets | 22/27 | €18,299 | €18,925 | +€626 | +3.4% |
| Plant, machinery and equipment | 23 | - | €4,783 | +€4,783 | |
| Furniture and vehicles | 24 | €9,121 | €6,360 | -€2,761 | -30.3% |
| Other tangible fixed assets | 26 | €9,178 | €7,781 | -€1,396 | -15.2% |
| Current assets | 29/58 | €132,088 | €84,162 | -€47,926 | -36.3% |
| Amounts receivable within one year | 40/41 | €15,854 | €17,036 | +€1,181 | +7.5% |
| Trade receivables | 40 | €14,326 | €14,400 | +€74 | +0.5% |
| Other amounts receivable | 41 | €1,528 | €2,636 | +€1,108 | +72.5% |
| Cash at bank and in hand | 54/58 | €115,196 | €67,126 | -€48,069 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,038 | €0 | -€1,038 | -100% |
| Total equity and liabilities | 10/49 | €150,387 | €103,087 | -€47,300 | -31.5% |
| Equity | 10/15 | €58,561 | €88,055 | +€29,494 | +50.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,061 | €85,555 | +€29,494 | +52.6% |
| Amounts payable | 17/49 | €91,826 | €15,032 | -€76,794 | -83.6% |
| Amounts payable within one year | 42/48 | €91,826 | €15,032 | -€76,794 | -83.6% |
| Trade debts | 44 | €7,129 | €4,983 | -€2,146 | -30.1% |
| Suppliers | 440/4 | €7,129 | €4,983 | -€2,146 | -30.1% |
| Taxes, remuneration and social security | 45 | €29,236 | €10,049 | -€19,187 | -65.6% |
| Taxes | 450/3 | €19,246 | €10,049 | -€9,197 | -47.8% |
| Remuneration and social security | 454/9 | €9,990 | €0 | -€9,990 | -100% |
| Other amounts payable | 47/48 | €55,461 | €0 | -€55,461 | -100% |
| Remuneration, social security and pensions | 62 | €52,611 | €58,239 | +€5,629 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | €4,437 | +€1,319 | +42.3% |
| Other operating charges | 640/8 | €3,376 | €3,461 | +€86 | +2.5% |
| Gross operating margin | 9900 | €110,371 | €112,447 | +€2,076 | +1.9% |
| Operating profit (loss) | 9901 | €51,266 | €46,308 | -€4,957 | -9.7% |
| Financial income | 75/76B | €0 | €30 | +€30 | +17,559% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +17,559% |
| Financial charges | 65/66B | €2,406 | €3,221 | +€815 | +33.9% |
| Recurring financial charges | 65 | €2,406 | €3,221 | +€815 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €48,860 | €43,117 | -€5,743 | -11.8% |
| Income taxes | 67/77 | €12,509 | €13,624 | +€1,115 | +8.9% |
| Profit (loss) for the period | 9904 | €36,351 | €29,494 | -€6,857 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,351 | €29,494 | -€6,857 | -18.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.