S' INTRO: 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' INTRO
Largest movements
- Receivables within one year +€19,206
up €19,206 (+2370.8%), from €810 to €20,016
of which Trade receivables: +€20,013
- Financial fixed assets +€10,500
new in 2025: €10,500
- Cash -€6,130
down €6,130 (-12.2%), from €50,148 to €44,018
mainly Receivables within one year (-€19,206) and Investment in fixed assets (net) (-€16,068)
- Tangible fixed assets -€3,698
down €3,698 (-12.6%), from €29,237 to €25,540
of which Furniture and vehicles: -€4,790
- Profit (loss) carried forward +€14,662
up €14,662 (+49.7%), from €29,519 to €44,181
- Other debts +€8,670
new in 2025: €8,670
- Short-term financial debts +€8,500
new in 2025: €8,500
- Debts after one year -€7,652
down €7,652 (-38.8%), from €19,717 to €12,065
- Tax, wage and social debts -€5,261
down €5,261 (-49.8%), from €10,555 to €5,294
of which Taxes: -€7,469
- Taxes +€17,016
new in 2025: €17,016
- Depreciation +€4,370
up €4,370 (+89.2%), from €4,896 to €9,266
- Financial charges +€705
up €705 (+89.8%), from €786 to €1,491
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 | €80,387 | €100,190 | +€19,803 | +24.6% |
| Fixed assets | 21/28 | €29,237 | €36,040 | +€6,802 | +23.3% |
| Tangible fixed assets | 22/27 | €29,237 | €25,540 | -€3,698 | -12.6% |
| Plant, machinery and equipment | 23 | - | €1,092 | +€1,092 | |
| Furniture and vehicles | 24 | €29,237 | €24,447 | -€4,790 | -16.4% |
| Financial fixed assets | 28 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €51,149 | €64,150 | +€13,001 | +25.4% |
| Amounts receivable within one year | 40/41 | €810 | €20,016 | +€19,206 | +2370.8% |
| Trade receivables | 40 | €4 | €20,016 | +€20,013 | +571791.4% |
| Other amounts receivable | 41 | €807 | - | -€807 | |
| Cash at bank and in hand | 54/58 | €50,148 | €44,018 | -€6,130 | -12.2% |
| Deferred charges and accrued income | 490/1 | €191 | €116 | -€75 | -39.3% |
| Total equity and liabilities | 10/49 | €80,387 | €100,190 | +€19,803 | +24.6% |
| Equity | 10/15 | €42,019 | €56,681 | +€14,662 | +34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,519 | €44,181 | +€14,662 | +49.7% |
| Amounts payable | 17/49 | €38,368 | €43,509 | +€5,141 | +13.4% |
| Amounts payable after more than one year | 17 | €19,717 | €12,065 | -€7,652 | -38.8% |
| Financial debts | 170/4 | €19,717 | €12,065 | -€7,652 | -38.8% |
| Amounts payable within one year | 42/48 | €18,651 | €31,444 | +€12,793 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | €7,354 | €7,652 | +€298 | +4.1% |
| Financial debts | 43 | - | €8,500 | +€8,500 | |
| Credit institutions | 430/8 | - | €8,500 | +€8,500 | |
| Trade debts | 44 | €742 | €1,327 | +€585 | +78.9% |
| Suppliers | 440/4 | €742 | €1,327 | +€585 | +78.9% |
| Taxes, remuneration and social security | 45 | €10,555 | €5,294 | -€5,261 | -49.8% |
| Taxes | 450/3 | €10,213 | €2,744 | -€7,469 | -73.1% |
| Remuneration and social security | 454/9 | €342 | €2,550 | +€2,208 | +646.1% |
| Other amounts payable | 47/48 | - | €8,670 | +€8,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,896 | €9,266 | +€4,370 | +89.2% |
| Other operating charges | 640/8 | €603 | €1,009 | +€406 | +67.4% |
| Gross operating margin | 9900 | €43,304 | €43,445 | +€141 | +0.3% |
| Operating profit (loss) | 9901 | €37,805 | €33,170 | -€4,635 | -12.3% |
| Financial charges | 65/66B | €786 | €1,491 | +€705 | +89.8% |
| Recurring financial charges | 65 | €786 | €1,491 | +€705 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €37,019 | €31,679 | -€5,340 | -14.4% |
| Income taxes | 67/77 | - | €17,016 | +€17,016 | |
| Profit (loss) for the period | 9904 | €37,019 | €14,662 | -€22,356 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,019 | €14,662 | -€22,356 | -60.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.