S & B-DW: 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 & B-DW
Largest movements
- Cash -€36,274
down €36,274 (-83.8%), from €43,288 to €7,014
mainly Other debts (-€40,345) and Tax, wage and social debts (-€9,778)
- Tangible fixed assets -€22,332
down €22,332 (-26.9%), from €83,107 to €60,776
of which Furniture and vehicles: -€22,278
- Receivables within one year +€2,172
up €2,172 (+2.6%), from €83,893 to €86,065
of which Other amounts receivable: +€2,172
- Other debts -€40,345
down €40,345 (-28.4%), from €142,070 to €101,725
- Tax, wage and social debts -€9,778
down €9,778 (-68.6%), from €14,246 to €4,468
- Profit (loss) carried forward -€7,037
new in 2025: -€7,037
- Gross operating margin -€11,594
down €11,594 (-38.2%), from €30,341 to €18,747
- Taxes -€2,174
down €2,174 (-86.9%), from €2,502 to €328
- Financial charges +€1,415
up €1,415 (+795%), from €178 to €1,593
- Other operating charges +€1,063
up €1,063 (+227%), from €468 to €1,531
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 | €212,998 | €157,143 | -€55,855 | -26.2% |
| Fixed assets | 21/28 | €83,107 | €60,776 | -€22,332 | -26.9% |
| Tangible fixed assets | 22/27 | €83,107 | €60,776 | -€22,332 | -26.9% |
| Plant, machinery and equipment | 23 | €54 | €0 | -€54 | -100% |
| Furniture and vehicles | 24 | €83,053 | €60,776 | -€22,278 | -26.8% |
| Current assets | 29/58 | €129,891 | €96,368 | -€33,523 | -25.8% |
| Amounts receivable within one year | 40/41 | €83,893 | €86,065 | +€2,172 | +2.6% |
| Trade receivables | 40 | €83,893 | €83,893 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €2,172 | +€2,172 | |
| Cash at bank and in hand | 54/58 | €43,288 | €7,014 | -€36,274 | -83.8% |
| Deferred charges and accrued income | 490/1 | €2,709 | €3,289 | +€579 | +21.4% |
| Total equity and liabilities | 10/49 | €212,998 | €157,143 | -€55,855 | -26.2% |
| Equity | 10/15 | €56,682 | €49,645 | -€7,037 | -12.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,682 | €54,682 | = | 0.0% |
| Distributable reserves | 133 | €54,682 | €54,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,037 | -€7,037 | |
| Amounts payable | 17/49 | €156,316 | €107,499 | -€48,818 | -31.2% |
| Amounts payable within one year | 42/48 | €156,316 | €107,499 | -€48,818 | -31.2% |
| Trade debts | 44 | €0 | €1,305 | +€1,305 | |
| Suppliers | 440/4 | €0 | €1,305 | +€1,305 | |
| Taxes, remuneration and social security | 45 | €14,246 | €4,468 | -€9,778 | -68.6% |
| Taxes | 450/3 | €14,246 | €4,468 | -€9,778 | -68.6% |
| Other amounts payable | 47/48 | €142,070 | €101,725 | -€40,345 | -28.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,597 | €22,332 | -€265 | -1.2% |
| Other operating charges | 640/8 | €468 | €1,531 | +€1,063 | +227% |
| Gross operating margin | 9900 | €30,341 | €18,747 | -€11,594 | -38.2% |
| Operating profit (loss) | 9901 | €7,276 | -€5,116 | -€12,392 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €178 | €1,593 | +€1,415 | +795% |
| Recurring financial charges | 65 | €178 | €1,593 | +€1,415 | +795% |
| Profit (loss) for the period before taxes | 9903 | €7,098 | -€6,709 | -€13,807 | |
| Income taxes | 67/77 | €2,502 | €328 | -€2,174 | -86.9% |
| Profit (loss) for the period | 9904 | €4,596 | -€7,037 | -€11,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,596 | -€7,037 | -€11,633 |
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 17 October 2026 via checked.be.