S&D Procurement Services: 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&D Procurement Services
Largest movements
- Cash -€4,006
down €4,006 (-17.3%), from €23,177 to €19,171
mainly Tax, wage and social debts (-€4,390) and Receivables within one year (-€2,098)
- Receivables within one year +€2,098
up €2,098 (+17.6%), from €11,906 to €14,004
of which Trade receivables: +€1,936
- Deferred charges and accrued income -€1,137
down €1,137 (-100.0%), from €1,137 to €0
- Tax, wage and social debts -€4,390
down €4,390 (-31.1%), from €14,113 to €9,724
of which Taxes: -€5,090
- Reserves +€2,586
up €2,586 (+12.9%), from €20,005 to €22,591
- Trade debts -€2,093
down €2,093 (-86.7%), from €2,415 to €322
- Other debts +€494
up €494 (+24.8%), from €1,994 to €2,488
- Gross operating margin -€15,529
down €15,529 (-68.4%), from €22,717 to €7,188
- Taxes -€3,034
down €3,034 (-53.3%), from €5,694 to €2,660
- Depreciation -€267
down €267 (-43.7%), from €611 to €344
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 | €39,527 | €36,138 | -€3,389 | -8.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,307 | €2,963 | -€344 | -10.4% |
| Tangible fixed assets | 22/27 | €3,307 | €2,963 | -€344 | -10.4% |
| Plant, machinery and equipment | 23 | €1,711 | €1,531 | -€180 | -10.5% |
| Other tangible fixed assets | 26 | €1,596 | €1,432 | -€164 | -10.3% |
| Current assets | 29/58 | €36,220 | €33,175 | -€3,045 | -8.4% |
| Amounts receivable within one year | 40/41 | €11,906 | €14,004 | +€2,098 | +17.6% |
| Trade receivables | 40 | €11,906 | €13,842 | +€1,936 | +16.3% |
| Other amounts receivable | 41 | - | €161 | +€161 | |
| Cash at bank and in hand | 54/58 | €23,177 | €19,171 | -€4,006 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,137 | €0 | -€1,137 | -100.0% |
| Total equity and liabilities | 10/49 | €39,527 | €36,138 | -€3,389 | -8.6% |
| Equity | 10/15 | €21,005 | €23,591 | +€2,586 | +12.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,005 | €22,591 | +€2,586 | +12.9% |
| Distributable reserves | 133 | €20,005 | €22,591 | +€2,586 | +12.9% |
| Amounts payable | 17/49 | €18,522 | €12,547 | -€5,975 | -32.3% |
| Amounts payable within one year | 42/48 | €18,522 | €12,547 | -€5,975 | -32.3% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €2,415 | €322 | -€2,093 | -86.7% |
| Suppliers | 440/4 | €2,415 | €322 | -€2,093 | -86.7% |
| Taxes, remuneration and social security | 45 | €14,113 | €9,724 | -€4,390 | -31.1% |
| Taxes | 450/3 | €14,113 | €9,024 | -€5,090 | -36.1% |
| Remuneration and social security | 454/9 | €0 | €700 | +€700 | |
| Other amounts payable | 47/48 | €1,994 | €2,488 | +€494 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €344 | -€267 | -43.7% |
| Other operating charges | 640/8 | €408 | €263 | -€145 | -35.5% |
| Gross operating margin | 9900 | €22,717 | €7,188 | -€15,529 | -68.4% |
| Operating profit (loss) | 9901 | €21,698 | €6,581 | -€15,117 | -69.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €1,332 | €1,334 | +€2 | +0.2% |
| Recurring financial charges | 65 | €1,332 | €1,334 | +€2 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €20,367 | €5,246 | -€15,121 | -74.2% |
| Income taxes | 67/77 | €5,694 | €2,660 | -€3,034 | -53.3% |
| Profit (loss) for the period | 9904 | €14,673 | €2,586 | -€12,087 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,673 | €2,586 | -€12,087 | -82.4% |
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 10 October 2026 via checked.be.