S&D GESTION: 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&D GESTION
Largest movements
- Receivables within one year +€13,767
new in 2025: €13,767
- Cash +€11,079
up €11,079 (+554.0%), from €2,000 to €13,079
mainly Net result for the year (+€14,457) and Tax, wage and social debts (+€8,522)
- Tangible fixed assets +€4,153
new in 2025: €4,153
of which Furniture and vehicles: +€2,930
- Deferred charges and accrued income +€1,042
new in 2025: €1,042
- Profit (loss) carried forward +€14,457
up €14,457, from -€1,112 to €13,345
- Tax, wage and social debts +€8,522
new in 2025: €8,522
- Trade debts +€7,061
up €7,061 (+635.1%), from €1,112 to €8,173
- Gross operating margin +€22,579
up €22,579, from -€1,112 to €21,467
- Taxes +€5,591
new in 2025: €5,591
- Other operating charges +€918
new in 2025: €918
- Depreciation +€413
new in 2025: €413
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
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 | €2,000 | €32,041 | +€30,041 | +1502.0% |
| Fixed assets | 21/28 | - | €4,153 | +€4,153 | |
| Tangible fixed assets | 22/27 | - | €4,153 | +€4,153 | |
| Plant, machinery and equipment | 23 | - | €1,223 | +€1,223 | |
| Furniture and vehicles | 24 | - | €2,930 | +€2,930 | |
| Current assets | 29/58 | €2,000 | €27,888 | +€25,888 | +1294.4% |
| Amounts receivable within one year | 40/41 | - | €13,767 | +€13,767 | |
| Trade receivables | 40 | - | €13,767 | +€13,767 | |
| Cash at bank and in hand | 54/58 | €2,000 | €13,079 | +€11,079 | +554.0% |
| Deferred charges and accrued income | 490/1 | - | €1,042 | +€1,042 | |
| Total equity and liabilities | 10/49 | €2,000 | €32,041 | +€30,041 | +1502.0% |
| Equity | 10/15 | €888 | €15,345 | +€14,457 | +1627.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,112 | €13,345 | +€14,457 | |
| Amounts payable | 17/49 | €1,112 | €16,695 | +€15,584 | +1401.5% |
| Amounts payable within one year | 42/48 | €1,112 | €16,695 | +€15,584 | +1401.5% |
| Trade debts | 44 | €1,112 | €8,173 | +€7,061 | +635.1% |
| Suppliers | 440/4 | €1,112 | €8,173 | +€7,061 | +635.1% |
| Taxes, remuneration and social security | 45 | - | €8,522 | +€8,522 | |
| Taxes | 450/3 | - | €8,522 | +€8,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €413 | +€413 | |
| Other operating charges | 640/8 | - | €918 | +€918 | |
| Gross operating margin | 9900 | -€1,112 | €21,467 | +€22,579 | |
| Operating profit (loss) | 9901 | -€1,112 | €20,135 | +€21,247 | |
| Financial charges | 65/66B | - | €87 | +€87 | |
| Recurring financial charges | 65 | - | €87 | +€87 | |
| Profit (loss) for the period before taxes | 9903 | -€1,112 | €20,048 | +€21,160 | |
| Income taxes | 67/77 | - | €5,591 | +€5,591 | |
| Profit (loss) for the period | 9904 | -€1,112 | €14,457 | +€15,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,112 | €14,457 | +€15,569 |
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 7 October 2026 via checked.be.