S-F CONSTRUCT: 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-F CONSTRUCT
Largest movements
- Cash +€7,039
up €7,039 (+229.3%), from €3,070 to €10,109
mainly Other debts (+€6,776) and Receivables within one year (+€3,696)
- Receivables within one year -€3,696
down €3,696 (-65.1%), from €5,680 to €1,984
- Tangible fixed assets -€3,173
no longer reported in 2023 (was €3,173)
of which Furniture and vehicles: -€2,960
- Other debts +€6,776
up €6,776 (+45.0%), from €15,062 to €21,837
- Trade debts -€3,426
down €3,426 (-66.6%), from €5,140 to €1,714
- Profit (loss) carried forward -€2,298
down €2,298 (-4.4%), from -€52,558 to -€54,856
- Tax, wage and social debts -€882
down €882 (-74.8%), from €1,179 to €297
- Gross operating margin +€16,008
up €16,008, from -€14,448 to €1,561
- Depreciation -€1,729
down €1,729 (-35.3%), from €4,901 to €3,173
- Financial income -€727
down €727 (-100.0%), from €728 to €0
- Other operating charges -€341
down €341 (-75.8%), from €450 to €109
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,923 | €12,093 | +€170 | +1.4% |
| Fixed assets | 21/28 | €3,173 | - | -€3,173 | |
| Tangible fixed assets | 22/27 | €3,173 | - | -€3,173 | |
| Plant, machinery and equipment | 23 | €212 | - | -€212 | |
| Furniture and vehicles | 24 | €2,960 | - | -€2,960 | |
| Current assets | 29/58 | €8,750 | €12,093 | +€3,343 | +38.2% |
| Amounts receivable within one year | 40/41 | €5,680 | €1,984 | -€3,696 | -65.1% |
| Trade receivables | 40 | €5,680 | €1,984 | -€3,696 | -65.1% |
| Cash at bank and in hand | 54/58 | €3,070 | €10,109 | +€7,039 | +229.3% |
| Total equity and liabilities | 10/49 | €11,923 | €12,093 | +€170 | +1.4% |
| Equity | 10/15 | -€33,958 | -€36,256 | -€2,298 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,558 | -€54,856 | -€2,298 | -4.4% |
| Amounts payable | 17/49 | €45,881 | €48,349 | +€2,468 | +5.4% |
| Amounts payable after more than one year | 17 | €24,500 | €24,500 | = | 0.0% |
| Financial debts | 170/4 | €24,500 | €24,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,381 | €23,849 | +€2,468 | +11.5% |
| Trade debts | 44 | €5,140 | €1,714 | -€3,426 | -66.6% |
| Suppliers | 440/4 | €5,140 | €1,714 | -€3,426 | -66.6% |
| Taxes, remuneration and social security | 45 | €1,179 | €297 | -€882 | -74.8% |
| Taxes | 450/3 | €1,179 | €297 | -€882 | -74.8% |
| Other amounts payable | 47/48 | €15,062 | €21,837 | +€6,776 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,901 | €3,173 | -€1,729 | -35.3% |
| Other operating charges | 640/8 | €450 | €109 | -€341 | -75.8% |
| Gross operating margin | 9900 | -€14,448 | €1,561 | +€16,008 | |
| Operating profit (loss) | 9901 | -€19,799 | -€1,721 | +€18,077 | +91.3% |
| Financial income | 75/76B | €728 | €0 | -€727 | -100.0% |
| Recurring financial income | 75 | €728 | €0 | -€727 | -100.0% |
| Financial charges | 65/66B | €720 | €576 | -€144 | -20.0% |
| Recurring financial charges | 65 | €720 | €576 | -€144 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,791 | -€2,298 | +€17,494 | +88.4% |
| Profit (loss) for the period | 9904 | -€19,791 | -€2,298 | +€17,494 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,791 | -€2,298 | +€17,494 | +88.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.