S+ BENELUX: 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+ BENELUX
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-24.9%), from €5.2m to €3.9m
of which Trade receivables: -€1.3m
- Deferred charges and accrued income +€1.3m
up €1.3m (+69,855%), from €1,805 to €1.3m
- Cash -€962,443
down €962,443 (-27.7%), from €3.5m to €2.5m
mainly Deferred charges and accrued income (-€1.3m) and Other debts (-€1.0m)
- Other debts -€1.0m
down €1.0m (-75.0%), from €1.4m to €337,825
- Trade debts -€514,448
down €514,448 (-10.2%), from €5.1m to €4.5m
- Profit (loss) carried forward +€246,888
up €246,888 (+12.4%), from €2.0m to €2.2m
- Tax, wage and social debts +€241,632
up €241,632 (+109%), from €221,398 to €463,030
of which Taxes: +€241,146
- Goods and materials -€19.8m
down €19.8m (-57.7%), from €34.3m to €14.5m
- Turnover -€19.6m
down €19.6m (-54.5%), from €36.0m to €16.4m
- Financial income +€584,506
up €584,506 (+188%), from €310,668 to €895,174
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 | €8,664,896 | €7,671,022 | -€993,874 | -11.5% |
| Fixed assets | 21/28 | €752 | €752 | = | 0.0% |
| Financial fixed assets | 28 | €752 | €752 | = | 0.0% |
| Other financial fixed assets | 284/8 | €752 | €752 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €752 | €752 | = | 0.0% |
| Current assets | 29/58 | €8,664,144 | €7,670,270 | -€993,874 | -11.5% |
| Amounts receivable within one year | 40/41 | €5,190,100 | €3,897,935 | -€1.3m | -24.9% |
| Trade receivables | 40 | €5,187,554 | €3,896,100 | -€1.3m | -24.9% |
| Other amounts receivable | 41 | €2,546 | €1,836 | -€710 | -27.9% |
| Cash at bank and in hand | 54/58 | €3,472,240 | €2,509,797 | -€962,443 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,805 | €1,262,538 | +€1.3m | +69,855% |
| Total equity and liabilities | 10/49 | €8,664,896 | €7,671,022 | -€993,874 | -11.5% |
| Equity | 10/15 | €1,994,279 | €2,241,167 | +€246,888 | +12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,989,279 | €2,236,167 | +€246,888 | +12.4% |
| Amounts payable | 17/49 | €6,670,617 | €5,429,855 | -€1.2m | -18.6% |
| Amounts payable within one year | 42/48 | €6,633,494 | €5,347,138 | -€1.3m | -19.4% |
| Trade debts | 44 | €5,060,731 | €4,546,283 | -€514,448 | -10.2% |
| Suppliers | 440/4 | €5,060,731 | €4,546,283 | -€514,448 | -10.2% |
| Taxes, remuneration and social security | 45 | €221,398 | €463,030 | +€241,632 | +109% |
| Taxes | 450/3 | €207,829 | €448,975 | +€241,146 | +116% |
| Remuneration and social security | 454/9 | €13,569 | €14,055 | +€486 | +3.6% |
| Other amounts payable | 47/48 | €1,351,365 | €337,825 | -€1.0m | -75.0% |
| Accrued charges and deferred income | 492/3 | €37,124 | €82,717 | +€45,593 | +123% |
| Operating income | 70/76A | €36,002,852 | €16,370,766 | -€19.6m | -54.5% |
| Turnover | 70 | €36,002,466 | €16,370,381 | -€19.6m | -54.5% |
| Other operating income | 74 | €386 | €385 | -€1 | -0.3% |
| Operating charges | 60/66A | €35,063,589 | €15,549,886 | -€19.5m | -55.7% |
| Goods for resale, raw materials and consumables | 60 | €34,287,020 | €14,520,434 | -€19.8m | -57.7% |
| Purchases | 600/8 | €34,287,020 | €14,520,434 | -€19.8m | -57.7% |
| Services and other goods | 61 | €644,762 | €903,063 | +€258,302 | +40.1% |
| Remuneration, social security and pensions | 62 | €131,689 | €126,269 | -€5,420 | -4.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | €939,263 | €820,880 | -€118,383 | -12.6% |
| Financial income | 75/76B | €310,668 | €895,174 | +€584,506 | +188% |
| Recurring financial income | 75 | €310,668 | €895,174 | +€584,506 | +188% |
| Income from current assets | 751 | €94 | €65 | -€29 | -30.7% |
| Other financial income | 752/9 | €310,574 | €895,109 | +€584,534 | +188% |
| Financial charges | 65/66B | €487,256 | €813,020 | +€325,764 | +66.9% |
| Recurring financial charges | 65 | €487,256 | €813,020 | +€325,764 | +66.9% |
| Debt charges | 650 | €39,617 | €8,235 | -€31,383 | -79.2% |
| Other financial charges | 652/9 | €447,639 | €804,785 | +€357,146 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €762,675 | €903,034 | +€140,359 | +18.4% |
| Income taxes | 67/77 | €207,829 | €241,146 | +€33,317 | +16.0% |
| Taxes | 670/3 | €207,829 | €241,146 | +€33,317 | +16.0% |
| Profit (loss) for the period | 9904 | €554,846 | €661,888 | +€107,042 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €554,846 | €661,888 | +€107,042 | +19.3% |
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 27 October 2026 via checked.be.