S & K: 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 & K
Largest movements
- Tangible fixed assets +€26,422
up €26,422 (+10.0%), from €265,540 to €291,962
of which Furniture and vehicles: +€21,491
- Stocks and contracts +€20,616
up €20,616 (+29.0%), from €71,098 to €91,714
- Receivables within one year -€7,482
down €7,482 (-51.2%), from €14,627 to €7,145
of which Trade receivables: -€13,330
- Trade debts +€94,246
up €94,246 (+149%), from €63,136 to €157,382
- Tax, wage and social debts -€30,966
down €30,966 (-89.5%), from €34,617 to €3,651
of which Taxes: -€34,617
- Profit (loss) carried forward -€28,837
down €28,837 (-45.4%), from €63,485 to €34,649
- Accrued charges and deferred income -€8,534
no longer reported in 2024 (was €8,534)
- Other debts +€8,508
up €8,508 (+29.0%), from €29,387 to €37,895
- Financial income -€68,370
down €68,370 (-89.5%), from €76,403 to €8,033
of which Non-recurring financial income: -€68,260
- Gross operating margin -€50,373
down €50,373 (-71.7%), from €70,300 to €19,927
- Staff costs -€13,146
down €13,146 (-41.9%), from €31,340 to €18,194
- Depreciation +€6,052
up €6,052 (+49.4%), from €12,245 to €18,296
- Financial charges -€4,549
down €4,549 (-25.8%), from €17,611 to €13,062
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,485 | €396,013 | +€36,527 | +10.2% |
| Fixed assets | 21/28 | €267,340 | €293,762 | +€26,422 | +9.9% |
| Tangible fixed assets | 22/27 | €265,540 | €291,962 | +€26,422 | +10.0% |
| Land and buildings | 22 | €239,401 | €231,587 | -€7,814 | -3.3% |
| Plant, machinery and equipment | 23 | - | €12,745 | +€12,745 | |
| Furniture and vehicles | 24 | €26,139 | €47,630 | +€21,491 | +82.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €92,145 | €102,251 | +€10,106 | +11.0% |
| Stocks and contracts in progress | 3 | €71,098 | €91,714 | +€20,616 | +29.0% |
| Stocks | 30/36 | €71,098 | €91,714 | +€20,616 | +29.0% |
| Amounts receivable within one year | 40/41 | €14,627 | €7,145 | -€7,482 | -51.2% |
| Trade receivables | 40 | €13,330 | - | -€13,330 | |
| Other amounts receivable | 41 | €1,298 | €7,145 | +€5,848 | +451% |
| Cash at bank and in hand | 54/58 | €6,420 | €3,391 | -€3,029 | -47.2% |
| Total equity and liabilities | 10/49 | €359,485 | €396,013 | +€36,527 | +10.2% |
| Equity | 10/15 | €85,485 | €56,649 | -€28,837 | -33.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,485 | €34,649 | -€28,837 | -45.4% |
| Amounts payable | 17/49 | €274,000 | €339,364 | +€65,364 | +23.9% |
| Amounts payable after more than one year | 17 | €103,376 | €108,147 | +€4,771 | +4.6% |
| Financial debts | 170/4 | €103,376 | €108,147 | +€4,771 | +4.6% |
| Amounts payable within one year | 42/48 | €162,090 | €231,217 | +€69,128 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €20,326 | €20,782 | +€456 | +2.2% |
| Financial debts | 43 | €14,623 | €11,507 | -€3,116 | -21.3% |
| Credit institutions | 430/8 | €14,623 | €11,507 | -€3,116 | -21.3% |
| Trade debts | 44 | €63,136 | €157,382 | +€94,246 | +149% |
| Suppliers | 440/4 | €63,136 | €157,382 | +€94,246 | +149% |
| Taxes, remuneration and social security | 45 | €34,617 | €3,651 | -€30,966 | -89.5% |
| Taxes | 450/3 | €34,617 | - | -€34,617 | |
| Remuneration and social security | 454/9 | - | €3,651 | +€3,651 | |
| Other amounts payable | 47/48 | €29,387 | €37,895 | +€8,508 | +29.0% |
| Accrued charges and deferred income | 492/3 | €8,534 | - | -€8,534 | |
| Remuneration, social security and pensions | 62 | €31,340 | €18,194 | -€13,146 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,245 | €18,296 | +€6,052 | +49.4% |
| Other operating charges | 640/8 | €4,772 | €7,244 | +€2,472 | +51.8% |
| Non-recurring operating charges | 66A | €39,388 | - | -€39,388 | |
| Gross operating margin | 9900 | €70,300 | €19,927 | -€50,373 | -71.7% |
| Operating profit (loss) | 9901 | -€17,445 | -€23,807 | -€6,362 | -36.5% |
| Financial income | 75/76B | €76,403 | €8,033 | -€68,370 | -89.5% |
| Recurring financial income | 75 | €143 | €33 | -€110 | -77.1% |
| Non-recurring financial income | 76B | €76,260 | €8,000 | -€68,260 | -89.5% |
| Financial charges | 65/66B | €17,611 | €13,062 | -€4,549 | -25.8% |
| Recurring financial charges | 65 | €17,611 | €13,062 | -€4,549 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €41,347 | -€28,837 | -€70,183 | |
| Profit (loss) for the period | 9904 | €41,347 | -€28,837 | -€70,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,347 | -€28,837 | -€70,183 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.