S'Account: 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'Account
Largest movements
- Receivables within one year -€48,254
down €48,254 (-83.6%), from €57,742 to €9,489
of which Trade receivables: -€49,619
- Tangible fixed assets -€15,077
down €15,077 (-15.4%), from €98,022 to €82,945
- Cash +€14,503
up €14,503 (+72.7%), from €19,956 to €34,459
mainly Receivables within one year (+€48,254) and Other debts (+€28,588)
- Profit (loss) carried forward -€33,861
down €33,861, from €3,858 to -€30,004
- Trade debts -€32,535
down €32,535 (-96.9%), from €33,582 to €1,046
- Other debts +€28,588
up €28,588 (+4,174%), from €685 to €29,273
- Debts after one year -€11,683
down €11,683 (-11.9%), from €98,494 to €86,811
- Tax, wage and social debts +€3,736
up €3,736 (+99.8%), from €3,745 to €7,481
- Financial charges +€48,083
up €48,083 (+2,128%), from €2,259 to €50,342
- Gross operating margin +€8,704
up €8,704 (+36.6%), from €23,768 to €32,472
- Taxes -€2,254
down €2,254 (-89.7%), from €2,513 to €259
- Depreciation +€1,691
up €1,691 (+12.6%), from €13,386 to €15,077
- Other operating charges -€473
down €473 (-40.5%), from €1,168 to €695
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 | €176,336 | €128,016 | -€48,319 | -27.4% |
| Fixed assets | 21/28 | €98,022 | €82,945 | -€15,077 | -15.4% |
| Tangible fixed assets | 22/27 | €98,022 | €82,945 | -€15,077 | -15.4% |
| Land and buildings | 22 | €52,560 | €49,640 | -€2,920 | -5.6% |
| Plant, machinery and equipment | 23 | €19,632 | €13,435 | -€6,197 | -31.6% |
| Furniture and vehicles | 24 | €25,829 | €19,870 | -€5,959 | -23.1% |
| Current assets | 29/58 | €78,314 | €45,071 | -€33,243 | -42.4% |
| Amounts receivable within one year | 40/41 | €57,742 | €9,489 | -€48,254 | -83.6% |
| Trade receivables | 40 | €51,213 | €1,594 | -€49,619 | -96.9% |
| Other amounts receivable | 41 | €6,529 | €7,894 | +€1,365 | +20.9% |
| Cash at bank and in hand | 54/58 | €19,956 | €34,459 | +€14,503 | +72.7% |
| Deferred charges and accrued income | 490/1 | €615 | €1,123 | +€508 | +82.6% |
| Total equity and liabilities | 10/49 | €176,336 | €128,016 | -€48,319 | -27.4% |
| Equity | 10/15 | €24,851 | -€9,010 | -€33,861 | |
| Contributions | 10/11 | €6,212 | €6,212 | = | 0.0% |
| Reserves | 13 | €14,781 | €14,781 | = | 0.0% |
| 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 | €12,921 | €12,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,858 | -€30,004 | -€33,861 | |
| Amounts payable | 17/49 | €151,485 | €137,026 | -€14,458 | -9.5% |
| Amounts payable after more than one year | 17 | €98,494 | €86,811 | -€11,683 | -11.9% |
| Financial debts | 170/4 | €98,494 | €86,811 | -€11,683 | -11.9% |
| Amounts payable within one year | 42/48 | €52,990 | €50,215 | -€2,776 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €14,979 | €12,415 | -€2,564 | -17.1% |
| Trade debts | 44 | €33,582 | €1,046 | -€32,535 | -96.9% |
| Suppliers | 440/4 | €33,582 | €1,046 | -€32,535 | -96.9% |
| Taxes, remuneration and social security | 45 | €3,745 | €7,481 | +€3,736 | +99.8% |
| Taxes | 450/3 | €3,745 | €7,481 | +€3,736 | +99.8% |
| Other amounts payable | 47/48 | €685 | €29,273 | +€28,588 | +4,174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,386 | €15,077 | +€1,691 | +12.6% |
| Other operating charges | 640/8 | €1,168 | €695 | -€473 | -40.5% |
| Gross operating margin | 9900 | €23,768 | €32,472 | +€8,704 | +36.6% |
| Operating profit (loss) | 9901 | €9,215 | €16,701 | +€7,486 | +81.2% |
| Financial income | 75/76B | €62 | €39 | -€23 | -37.8% |
| Recurring financial income | 75 | €62 | €39 | -€23 | -37.8% |
| Financial charges | 65/66B | €2,259 | €50,342 | +€48,083 | +2,128% |
| Recurring financial charges | 65 | €2,259 | €50,342 | +€48,083 | +2,128% |
| Profit (loss) for the period before taxes | 9903 | €7,018 | -€33,602 | -€40,620 | |
| Income taxes | 67/77 | €2,513 | €259 | -€2,254 | -89.7% |
| Profit (loss) for the period | 9904 | €4,505 | -€33,861 | -€38,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,505 | -€33,861 | -€38,366 |
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 20 October 2026 via checked.be.