S & CO MANAGEMENT: 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 & CO MANAGEMENT
Largest movements
- Receivables after one year -€32,750
no longer reported in 2025 (was €32,750)
- Cash +€19,040
up €19,040 (+30.0%), from €63,382 to €82,422
mainly Receivables after one year (+€32,750) and Net result for the year (+€21,655)
- Short-term financial debts -€20,750
down €20,750 (-88.3%), from €23,502 to €2,752
- Reserves +€15,000
new in 2025: €15,000
- Advances received -€14,531
no longer reported in 2025 (was €14,531)
- Profit (loss) carried forward +€6,655
up €6,655 (+20.0%), from €33,288 to €39,943
- Gross operating margin +€8,394
up €8,394 (+61.4%), from €13,681 to €22,075
- Taxes -€3,338
down €3,338 (-97.3%), from €3,431 to €92
- Depreciation -€886
no longer reported in 2025 (was €886)
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 | €101,080 | €87,370 | -€13,710 | -13.6% |
| Fixed assets | 21/28 | €4,948 | €4,948 | = | 0.0% |
| Financial fixed assets | 28 | €4,948 | €4,948 | = | 0.0% |
| Current assets | 29/58 | €96,132 | €82,422 | -€13,710 | -14.3% |
| Amounts receivable after more than one year | 29 | €32,750 | - | -€32,750 | |
| Other amounts receivable | 291 | €32,750 | - | -€32,750 | |
| Cash at bank and in hand | 54/58 | €63,382 | €82,422 | +€19,040 | +30.0% |
| Total equity and liabilities | 10/49 | €101,080 | €87,370 | -€13,710 | -13.6% |
| Equity | 10/15 | €55,509 | €77,164 | +€21,655 | +39.0% |
| Contributions | 10/11 | €22,221 | €22,221 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €33,288 | €39,943 | +€6,655 | +20.0% |
| Amounts payable | 17/49 | €45,571 | €10,206 | -€35,365 | -77.6% |
| Amounts payable within one year | 42/48 | €45,571 | €10,206 | -€35,365 | -77.6% |
| Financial debts | 43 | €23,502 | €2,752 | -€20,750 | -88.3% |
| Other loans | 439 | €23,502 | €2,752 | -€20,750 | -88.3% |
| Trade debts | 44 | €7,058 | €6,975 | -€84 | -1.2% |
| Suppliers | 440/4 | €7,058 | €6,975 | -€84 | -1.2% |
| Advances received on contracts in progress | 46 | €14,531 | - | -€14,531 | |
| Taxes, remuneration and social security | 45 | €480 | €480 | = | 0.0% |
| Taxes | 450/3 | €480 | €480 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | - | -€886 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €13,681 | €22,075 | +€8,394 | +61.4% |
| Operating profit (loss) | 9901 | €12,408 | €21,676 | +€9,268 | +74.7% |
| Financial income | 75/76B | €286 | €308 | +€22 | +7.7% |
| Recurring financial income | 75 | €286 | €308 | +€22 | +7.7% |
| Financial charges | 65/66B | €278 | €237 | -€41 | -14.9% |
| Recurring financial charges | 65 | €278 | €237 | -€41 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €12,416 | €21,747 | +€9,331 | +75.2% |
| Income taxes | 67/77 | €3,431 | €92 | -€3,338 | -97.3% |
| Profit (loss) for the period | 9904 | €8,985 | €21,655 | +€12,670 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €8,985 | €21,655 | +€12,670 | +141% |
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 19 October 2026 via checked.be.