S&G: 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&G
Largest movements
- Tangible fixed assets -€5,863
down €5,863 (-4.2%), from €138,987 to €133,125
- Cash -€1,779
down €1,779 (-8.5%), from €20,868 to €19,090
mainly Other debts (-€6,793) and Trade debts (-€1,390)
- Other debts -€6,793
down €6,793 (-22.5%), from €30,168 to €23,376
- Gross operating margin -€1,185
down €1,185 (-10.3%), from €11,525 to €10,340
- Other operating charges +€741
up €741 (+34.7%), from €2,135 to €2,877
- Taxes -€482
down €482 (-53.7%), from €897 to €415
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 | €159,959 | €152,902 | -€7,057 | -4.4% |
| Fixed assets | 21/28 | €138,987 | €133,125 | -€5,863 | -4.2% |
| Tangible fixed assets | 22/27 | €138,987 | €133,125 | -€5,863 | -4.2% |
| Land and buildings | 22 | €138,987 | €133,125 | -€5,863 | -4.2% |
| Current assets | 29/58 | €20,971 | €19,778 | -€1,194 | -5.7% |
| Amounts receivable within one year | 40/41 | €103 | €688 | +€585 | +566.3% |
| Other amounts receivable | 41 | €103 | €688 | +€585 | +566.3% |
| Cash at bank and in hand | 54/58 | €20,868 | €19,090 | -€1,779 | -8.5% |
| Total equity and liabilities | 10/49 | €159,959 | €152,902 | -€7,057 | -4.4% |
| Equity | 10/15 | €86,733 | €87,858 | +€1,126 | +1.3% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €49,533 | €50,658 | +€1,126 | +2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,533 | €50,658 | +€1,126 | +2.3% |
| Provisions and deferred taxes | 16 | €40,428 | €40,428 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,428 | €40,428 | = | 0.0% |
| Pensions and similar obligations | 160 | €40,428 | €40,428 | = | 0.0% |
| Amounts payable | 17/49 | €32,798 | €24,616 | -€8,182 | -24.9% |
| Amounts payable within one year | 42/48 | €32,798 | €24,616 | -€8,182 | -24.9% |
| Trade debts | 44 | €2,630 | €1,240 | -€1,390 | -52.8% |
| Suppliers | 440/4 | €2,630 | €1,240 | -€1,390 | -52.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,168 | €23,376 | -€6,793 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,863 | €5,863 | = | 0.0% |
| Other operating charges | 640/8 | €2,135 | €2,877 | +€741 | +34.7% |
| Gross operating margin | 9900 | €11,525 | €10,340 | -€1,185 | -10.3% |
| Operating profit (loss) | 9901 | €3,527 | €1,601 | -€1,926 | -54.6% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,467 | €1,541 | -€1,926 | -55.6% |
| Income taxes | 67/77 | €897 | €415 | -€482 | -53.7% |
| Profit (loss) for the period | 9904 | €2,570 | €1,126 | -€1,445 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,570 | €1,126 | -€1,445 | -56.2% |
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 9 October 2026 via checked.be.