S&C: what changed
Two fiscal 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&C
Largest movements
- Receivables within one year +€21,992
up €21,992 (+9.1%), from €242,186 to €264,178
of which Other amounts receivable: +€11,801
- Tangible fixed assets +€13,673
up €13,673 (+451.1%), from €3,031 to €16,704
of which Furniture and vehicles: +€12,678
- Trade debts +€27,042
up €27,042 (+18.2%), from €148,793 to €175,835
- Tax, wage and social debts +€7,148
up €7,148 (+52.7%), from €13,571 to €20,718
of which Remuneration and social security: +€7,811
- Turnover -€386,400
no longer reported in 2025 (was €386,400)
- Purchases and services -€92,669
down €92,669 (-28.3%), from €326,973 to €234,304
- Gross operating margin +€83,998
up €83,998 (+115.4%), from €72,791 to €156,789
- Staff costs +€83,250
up €83,250 (+143.2%), from €58,133 to €141,383
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,673 | €284,438 | +€36,765 | +14.8% |
| Fixed assets | 21/28 | €5,487 | €20,260 | +€14,773 | +269.2% |
| Tangible fixed assets | 22/27 | €3,031 | €16,704 | +€13,673 | +451.1% |
| Plant, machinery and equipment | 23 | €704 | €1,699 | +€995 | +141.3% |
| Furniture and vehicles | 24 | €2,327 | €15,005 | +€12,678 | +544.8% |
| Financial fixed assets | 28 | €2,456 | €3,556 | +€1,100 | +44.8% |
| Current assets | 29/58 | €242,186 | €264,178 | +€21,992 | +9.1% |
| Amounts receivable within one year | 40/41 | €242,186 | €264,178 | +€21,992 | +9.1% |
| Trade receivables | 40 | €224,413 | €234,603 | +€10,190 | +4.5% |
| Other amounts receivable | 41 | €17,773 | €29,575 | +€11,801 | +66.4% |
| Total equity and liabilities | 10/49 | €247,673 | €284,438 | +€36,765 | +14.8% |
| Equity | 10/15 | €59,885 | €60,085 | +€199 | +0.3% |
| Profit (loss) carried forward | 14 | €59,885 | €60,085 | +€199 | +0.3% |
| Amounts payable | 17/49 | €187,787 | €224,353 | +€36,566 | +19.5% |
| Amounts payable within one year | 42/48 | €187,787 | €224,353 | +€36,566 | +19.5% |
| Financial debts | 43 | €10,424 | €12,800 | +€2,376 | +22.8% |
| Credit institutions | 430/8 | €10,424 | €12,800 | +€2,376 | +22.8% |
| Trade debts | 44 | €148,793 | €175,835 | +€27,042 | +18.2% |
| Suppliers | 440/4 | €148,793 | €175,835 | +€27,042 | +18.2% |
| Taxes, remuneration and social security | 45 | €13,571 | €20,718 | +€7,148 | +52.7% |
| Taxes | 450/3 | €2,085 | €1,422 | -€663 | -31.8% |
| Remuneration and social security | 454/9 | €11,485 | €19,297 | +€7,811 | +68.0% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Turnover | 70 | €386,400 | - | -€386,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €326,973 | €234,304 | -€92,669 | -28.3% |
| Remuneration, social security and pensions | 62 | €58,133 | €141,383 | +€83,250 | +143.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,091 | €6,854 | +€2,764 | +67.6% |
| Other operating charges | 640/8 | €2,501 | €4,156 | +€1,655 | +66.2% |
| Gross operating margin | 9900 | €72,791 | €156,789 | +€83,998 | +115.4% |
| Operating profit (loss) | 9901 | €8,066 | €4,396 | -€3,671 | -45.5% |
| Financial income | 75/76B | €211 | €0 | -€211 | -99.9% |
| Recurring financial income | 75 | €211 | €0 | -€211 | -99.9% |
| Financial charges | 65/66B | €2,747 | €3,320 | +€573 | +20.9% |
| Recurring financial charges | 65 | €2,747 | €3,320 | +€573 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €5,530 | €1,076 | -€4,454 | -80.5% |
| Income taxes | 67/77 | €1,468 | €877 | -€591 | -40.3% |
| Profit (loss) for the period | 9904 | €4,062 | €199 | -€3,863 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,062 | €199 | -€3,863 | -95.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.