S & Cie: 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 & Cie
Largest movements
- Receivables within one year -€58,448
down €58,448 (-70.4%), from €82,968 to €24,520
of which Trade receivables: -€35,443
- Tangible fixed assets -€20,438
down €20,438 (-23.2%), from €87,999 to €67,562
of which Furniture and vehicles: -€12,377
- Receivables after one year -€15,000
down €15,000 (-25.0%), from €60,000 to €45,000
- Cash -€10,338
down €10,338 (-8.3%), from €124,821 to €114,483
mainly Contributions, distributions and other (-€67,230) and Net result for the year (-€23,955)
- Reserves -€67,230
down €67,230 (-20.3%), from €331,227 to €263,996
- Profit (loss) carried forward -€23,955
down €23,955, from €1,671 to -€22,283
- Tax, wage and social debts -€13,935
down €13,935 (-92.5%), from €15,065 to €1,130
- Gross operating margin -€102,334
down €102,334, from €91,399 to -€10,936
- Taxes -€22,807
down €22,807 (-98.8%), from €23,095 to €288
- Financial income +€6,276
up €6,276 (+266%), from €2,359 to €8,635
of which Non-recurring financial income: +€6,335
- Depreciation +€4,992
up €4,992 (+32.3%), from €15,446 to €20,438
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 | €356,124 | €253,087 | -€103,036 | -28.9% |
| Fixed assets | 21/28 | €87,999 | €67,562 | -€20,438 | -23.2% |
| Tangible fixed assets | 22/27 | €87,999 | €67,562 | -€20,438 | -23.2% |
| Land and buildings | 22 | €14,397 | €11,103 | -€3,294 | -22.9% |
| Plant, machinery and equipment | 23 | €19,027 | €14,260 | -€4,767 | -25.1% |
| Furniture and vehicles | 24 | €54,575 | €42,199 | -€12,377 | -22.7% |
| Current assets | 29/58 | €268,124 | €185,526 | -€82,599 | -30.8% |
| Amounts receivable after more than one year | 29 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Trade receivables | 290 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €82,968 | €24,520 | -€58,448 | -70.4% |
| Trade receivables | 40 | €40,070 | €4,627 | -€35,443 | -88.5% |
| Other amounts receivable | 41 | €42,897 | €19,893 | -€23,004 | -53.6% |
| Cash at bank and in hand | 54/58 | €124,821 | €114,483 | -€10,338 | -8.3% |
| Deferred charges and accrued income | 490/1 | €336 | €1,523 | +€1,187 | +353% |
| Total equity and liabilities | 10/49 | €356,124 | €253,087 | -€103,036 | -28.9% |
| Equity | 10/15 | €339,098 | €247,913 | -€91,185 | -26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,227 | €263,996 | -€67,230 | -20.3% |
| Distributable reserves | 133 | €331,227 | €263,996 | -€67,230 | -20.3% |
| Profit (loss) carried forward | 14 | €1,671 | -€22,283 | -€23,955 | |
| Amounts payable | 17/49 | €17,026 | €5,174 | -€11,851 | -69.6% |
| Amounts payable within one year | 42/48 | €17,026 | €5,174 | -€11,851 | -69.6% |
| Financial debts | 43 | €704 | €773 | +€69 | +9.8% |
| Credit institutions | 430/8 | €704 | €773 | +€69 | +9.8% |
| Trade debts | 44 | €1,256 | €2,061 | +€805 | +64.1% |
| Suppliers | 440/4 | €1,256 | €2,061 | +€805 | +64.1% |
| Taxes, remuneration and social security | 45 | €15,065 | €1,130 | -€13,935 | -92.5% |
| Taxes | 450/3 | €15,065 | €1,130 | -€13,935 | -92.5% |
| Other amounts payable | 47/48 | - | €1,210 | +€1,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,446 | €20,438 | +€4,992 | +32.3% |
| Other operating charges | 640/8 | €1,000 | €741 | -€258 | -25.8% |
| Gross operating margin | 9900 | €91,399 | -€10,936 | -€102,334 | |
| Operating profit (loss) | 9901 | €74,953 | -€32,114 | -€107,068 | |
| Financial income | 75/76B | €2,359 | €8,635 | +€6,276 | +266% |
| Recurring financial income | 75 | €2,359 | €2,300 | -€59 | -2.5% |
| Non-recurring financial income | 76B | - | €6,335 | +€6,335 | |
| Financial charges | 65/66B | €137 | €187 | +€50 | +36.8% |
| Recurring financial charges | 65 | €137 | €187 | +€50 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €77,176 | -€23,666 | -€100,842 | |
| Income taxes | 67/77 | €23,095 | €288 | -€22,807 | -98.8% |
| Profit (loss) for the period | 9904 | €54,080 | -€23,955 | -€78,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,080 | -€23,955 | -€78,035 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.