S & F SERVICES: what changed
S & F SERVICES
Largest movements
- Cash +€6,594
up €6,594 (+295%), from €2,239 to €8,833
mainly Net result for the year (+€10,691) and Depreciation (+€6,574)
- Tangible fixed assets -€6,574
down €6,574 (-29.7%), from €22,128 to €15,554
- Receivables within one year +€2,185
up €2,185 (+95.5%), from €2,287 to €4,472
of which Trade receivables: +€2,184
- Profit (loss) carried forward +€10,691
up €10,691 (+84.5%), from -€12,648 to -€1,957
- Debts after one year -€8,702
down €8,702 (-59.0%), from €14,748 to €6,046
of which Other amounts payable: -€4,841
- Gross operating margin +€16,533
up €16,533 (+204%), from €8,106 to €24,639
- Taxes +€5,044
up €5,044 (+734%), from €687 to €5,731
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,741 | €28,946 | +€2,205 | +8.2% |
| Fixed assets | 21/28 | €22,128 | €15,554 | -€6,574 | -29.7% |
| Tangible fixed assets | 22/27 | €22,128 | €15,554 | -€6,574 | -29.7% |
| Furniture and vehicles | 24 | €22,128 | €15,554 | -€6,574 | -29.7% |
| Current assets | 29/58 | €4,613 | €13,392 | +€8,779 | +190% |
| Amounts receivable within one year | 40/41 | €2,287 | €4,472 | +€2,185 | +95.5% |
| Trade receivables | 40 | €2,280 | €4,464 | +€2,184 | +95.8% |
| Other amounts receivable | 41 | €7 | €7 | +€1 | +8.9% |
| Cash at bank and in hand | 54/58 | €2,239 | €8,833 | +€6,594 | +295% |
| Deferred charges and accrued income | 490/1 | €87 | €87 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €26,741 | €28,946 | +€2,205 | +8.2% |
| Equity | 10/15 | €5,952 | €16,643 | +€10,691 | +180% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,648 | -€1,957 | +€10,691 | +84.5% |
| Amounts payable | 17/49 | €20,789 | €12,303 | -€8,486 | -40.8% |
| Amounts payable after more than one year | 17 | €14,748 | €6,046 | -€8,702 | -59.0% |
| Financial debts | 170/4 | €9,907 | €6,046 | -€3,861 | -39.0% |
| Other amounts payable | 178/9 | €4,841 | €0 | -€4,841 | -100% |
| Amounts payable within one year | 42/48 | €6,041 | €6,148 | +€107 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €3,731 | €3,861 | +€130 | +3.5% |
| Trade debts | 44 | €227 | €121 | -€106 | -46.6% |
| Suppliers | 440/4 | €227 | €121 | -€106 | -46.6% |
| Taxes, remuneration and social security | 45 | €2,083 | €2,166 | +€83 | +4.0% |
| Taxes | 450/3 | €2,083 | €2,166 | +€83 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,616 | €6,574 | -€42 | -0.6% |
| Other operating charges | 640/8 | €763 | €695 | -€68 | -9.0% |
| Gross operating margin | 9900 | €8,106 | €24,639 | +€16,533 | +204% |
| Operating profit (loss) | 9901 | €727 | €17,370 | +€16,643 | +2,288% |
| Financial charges | 65/66B | €1,164 | €948 | -€216 | -18.6% |
| Recurring financial charges | 65 | €1,164 | €948 | -€216 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€436 | €16,422 | +€16,859 | |
| Income taxes | 67/77 | €687 | €5,731 | +€5,044 | +734% |
| Profit (loss) for the period | 9904 | -€1,123 | €10,691 | +€11,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,123 | €10,691 | +€11,815 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.