S&M: 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&M
Largest movements
- Cash +€16,656
up €16,656 (+181.1%), from €9,197 to €25,853
mainly Trade debts (+€14,944) and Depreciation (+€6,105)
- Tangible fixed assets -€6,105
down €6,105 (-41.5%), from €14,707 to €8,601
of which Furniture and vehicles: -€5,757
- Receivables within one year +€1,969
up €1,969 (+2.3%), from €86,133 to €88,103
of which Other amounts receivable: +€4,713
- Deferred charges and accrued income -€1,369
no longer reported in 2024 (was €1,369)
- Trade debts +€14,944
up €14,944 (+61.6%), from €24,271 to €39,216
- Tax, wage and social debts -€4,589
down €4,589 (-33.7%), from €13,619 to €9,030
of which Remuneration and social security: -€3,000
- Profit (loss) carried forward +€3,697
up €3,697 (+6.0%), from €61,166 to €64,863
- Current portion of long-term debt -€3,514
no longer reported in 2024 (was €3,514)
- Purchases and services +€517,733
new in 2024: €517,733
- Turnover +€510,937
new in 2024: €510,937
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.
Cash bridge derived
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 | €111,405 | €122,557 | +€11,152 | +10.0% |
| Fixed assets | 21/28 | €14,707 | €8,601 | -€6,105 | -41.5% |
| Tangible fixed assets | 22/27 | €14,707 | €8,601 | -€6,105 | -41.5% |
| Plant, machinery and equipment | 23 | €455 | €106 | -€349 | -76.7% |
| Furniture and vehicles | 24 | €14,252 | €8,495 | -€5,757 | -40.4% |
| Current assets | 29/58 | €96,699 | €113,955 | +€17,257 | +17.8% |
| Amounts receivable within one year | 40/41 | €86,133 | €88,103 | +€1,969 | +2.3% |
| Trade receivables | 40 | €43,173 | €40,429 | -€2,744 | -6.4% |
| Other amounts receivable | 41 | €42,960 | €47,674 | +€4,713 | +11.0% |
| Cash at bank and in hand | 54/58 | €9,197 | €25,853 | +€16,656 | +181.1% |
| Deferred charges and accrued income | 490/1 | €1,369 | - | -€1,369 | |
| Total equity and liabilities | 10/49 | €111,405 | €122,557 | +€11,152 | +10.0% |
| Equity | 10/15 | €69,226 | €72,923 | +€3,697 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €61,166 | €64,863 | +€3,697 | +6.0% |
| Amounts payable | 17/49 | €42,179 | €49,633 | +€7,455 | +17.7% |
| Amounts payable within one year | 42/48 | €42,179 | €49,633 | +€7,455 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €3,514 | - | -€3,514 | |
| Trade debts | 44 | €24,271 | €39,216 | +€14,944 | +61.6% |
| Suppliers | 440/4 | €24,271 | €39,216 | +€14,944 | +61.6% |
| Taxes, remuneration and social security | 45 | €13,619 | €9,030 | -€4,589 | -33.7% |
| Taxes | 450/3 | €8,619 | €7,030 | -€1,589 | -18.4% |
| Remuneration and social security | 454/9 | €5,000 | €2,000 | -€3,000 | -60.0% |
| Other amounts payable | 47/48 | €775 | €1,387 | +€613 | +79.1% |
| Turnover | 70 | - | €510,937 | +€510,937 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €517,733 | +€517,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,105 | €6,105 | = | 0.0% |
| Other operating charges | 640/8 | €2,083 | €2,140 | +€57 | +2.7% |
| Gross operating margin | 9900 | €13,610 | €14,124 | +€514 | +3.8% |
| Operating profit (loss) | 9901 | €5,422 | €5,879 | +€457 | +8.4% |
| Financial income | 75/76B | €3,926 | €2,754 | -€1,172 | -29.9% |
| Recurring financial income | 75 | €3,926 | €2,754 | -€1,172 | -29.9% |
| Financial charges | 65/66B | €461 | €1,717 | +€1,257 | +272.7% |
| Recurring financial charges | 65 | €461 | €1,717 | +€1,257 | +272.7% |
| Profit (loss) for the period before taxes | 9903 | €8,887 | €6,915 | -€1,972 | -22.2% |
| Income taxes | 67/77 | €3,812 | €3,218 | -€594 | -15.6% |
| Profit (loss) for the period | 9904 | €5,075 | €3,697 | -€1,378 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,075 | €3,697 | -€1,378 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.