S&I Bouwsystems: 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&I Bouwsystems
Largest movements
- Receivables within one year +€141,550
up €141,550 (+52.3%), from €270,885 to €412,434
of which Trade receivables: +€138,284
- Cash -€25,924
down €25,924 (-72.6%), from €35,714 to €9,790
mainly Receivables within one year (-€141,550) and Tax, wage and social debts (-€40,748)
- Advances received +€106,004
up €106,004 (+82.9%), from €127,910 to €233,913
- Tax, wage and social debts -€40,748
down €40,748 (-58.9%), from €69,235 to €28,487
of which Remuneration and social security: -€40,748
- Profit (loss) carried forward +€39,155
up €39,155 (+50.7%), from €77,228 to €116,383
- Trade debts +€14,836
up €14,836 (+49.1%), from €30,226 to €45,062
- Gross operating margin +€38,884
up €38,884 (+140%), from €27,706 to €66,589
- Staff costs +€8,478
new in 2025: €8,478
- Taxes +€7,380
up €7,380 (+64.7%), from €11,415 to €18,795
- Other operating charges +€1,270
up €1,270 (+90.7%), from €1,400 to €2,671
- Depreciation +€676
new in 2025: €676
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.
Derived cash bridge
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 | €306,599 | €425,845 | +€119,247 | +38.9% |
| Fixed assets | 21/28 | - | €3,621 | +€3,621 | |
| Tangible fixed assets | 22/27 | - | €3,621 | +€3,621 | |
| Furniture and vehicles | 24 | - | €3,621 | +€3,621 | |
| Current assets | 29/58 | €306,599 | €422,225 | +€115,626 | +37.7% |
| Amounts receivable within one year | 40/41 | €270,885 | €412,434 | +€141,550 | +52.3% |
| Trade receivables | 40 | €190,006 | €328,290 | +€138,284 | +72.8% |
| Other amounts receivable | 41 | €80,879 | €84,144 | +€3,266 | +4.0% |
| Cash at bank and in hand | 54/58 | €35,714 | €9,790 | -€25,924 | -72.6% |
| Total equity and liabilities | 10/49 | €306,599 | €425,845 | +€119,247 | +38.9% |
| Equity | 10/15 | €79,228 | €118,383 | +€39,155 | +49.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,228 | €116,383 | +€39,155 | +50.7% |
| Amounts payable | 17/49 | €227,371 | €307,462 | +€80,092 | +35.2% |
| Amounts payable within one year | 42/48 | €227,371 | €307,462 | +€80,092 | +35.2% |
| Trade debts | 44 | €30,226 | €45,062 | +€14,836 | +49.1% |
| Suppliers | 440/4 | €30,226 | €45,062 | +€14,836 | +49.1% |
| Advances received on contracts in progress | 46 | €127,910 | €233,913 | +€106,004 | +82.9% |
| Taxes, remuneration and social security | 45 | €69,235 | €28,487 | -€40,748 | -58.9% |
| Taxes | 450/3 | €28,478 | €28,478 | +€1 | 0.0% |
| Remuneration and social security | 454/9 | €40,757 | €9 | -€40,748 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €8,478 | +€8,478 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €676 | +€676 | |
| Other operating charges | 640/8 | €1,400 | €2,671 | +€1,270 | +90.7% |
| Gross operating margin | 9900 | €27,706 | €66,589 | +€38,884 | +140% |
| Operating profit (loss) | 9901 | €26,305 | €54,765 | +€28,460 | +108% |
| Financial income | 75/76B | €3,427 | €3,414 | -€13 | -0.4% |
| Recurring financial income | 75 | €3,427 | €3,414 | -€13 | -0.4% |
| Financial charges | 65/66B | €170 | €229 | +€60 | +35.1% |
| Recurring financial charges | 65 | €170 | €229 | +€60 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €29,562 | €57,950 | +€28,388 | +96.0% |
| Income taxes | 67/77 | €11,415 | €18,795 | +€7,380 | +64.7% |
| Profit (loss) for the period | 9904 | €18,147 | €39,155 | +€21,008 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €18,147 | €39,155 | +€21,008 | +116% |
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 29 October 2026 via checked.be.