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 +€2,483
up €2,483 (+12.7%), from €19,494 to €21,977
mainly Net result for the year (+€37,747) and Trade debts (+€21,886)
- Tangible fixed assets -€2,301
down €2,301 (-21.0%), from €10,941 to €8,639
of which Furniture and vehicles: -€2,548
- Receivables within one year +€983
up €983 (+61.8%), from €1,589 to €2,571
- Other debts -€64,515
down €64,515 (-87.0%), from €74,196 to €9,681
- Profit (loss) carried forward +€37,747
up €37,747 (+45.7%), from -€82,650 to -€44,903
- Trade debts +€21,886
up €21,886 (+65.1%), from €33,605 to €55,491
- Tax, wage and social debts +€6,046
up €6,046 (+88.0%), from €6,873 to €12,919
of which Taxes: +€5,597
- Gross operating margin +€105,249
up €105,249 (+394.9%), from €26,650 to €131,899
- Staff costs +€19,851
up €19,851 (+35.9%), from €55,294 to €75,145
- Other operating charges -€13,831
down €13,831 (-51.3%), from €26,957 to €13,126
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 | €32,024 | €33,188 | +€1,165 | +3.6% |
| Fixed assets | 21/28 | €10,941 | €8,639 | -€2,301 | -21.0% |
| Tangible fixed assets | 22/27 | €10,941 | €8,639 | -€2,301 | -21.0% |
| Plant, machinery and equipment | 23 | €1,133 | €1,380 | +€247 | +21.8% |
| Furniture and vehicles | 24 | €9,807 | €7,260 | -€2,548 | -26.0% |
| Current assets | 29/58 | €21,083 | €24,549 | +€3,466 | +16.4% |
| Amounts receivable within one year | 40/41 | €1,589 | €2,571 | +€983 | +61.8% |
| Trade receivables | 40 | €1,589 | €2,571 | +€983 | +61.8% |
| Cash at bank and in hand | 54/58 | €19,494 | €21,977 | +€2,483 | +12.7% |
| Total equity and liabilities | 10/49 | €32,024 | €33,188 | +€1,165 | +3.6% |
| Equity | 10/15 | -€82,650 | -€44,903 | +€37,747 | +45.7% |
| Profit (loss) carried forward | 14 | -€82,650 | -€44,903 | +€37,747 | +45.7% |
| Amounts payable | 17/49 | €114,674 | €78,091 | -€36,582 | -31.9% |
| Amounts payable within one year | 42/48 | €114,674 | €78,091 | -€36,582 | -31.9% |
| Trade debts | 44 | €33,605 | €55,491 | +€21,886 | +65.1% |
| Suppliers | 440/4 | €33,605 | €55,491 | +€21,886 | +65.1% |
| Taxes, remuneration and social security | 45 | €6,873 | €12,919 | +€6,046 | +88.0% |
| Taxes | 450/3 | €6,873 | €12,470 | +€5,597 | +81.4% |
| Remuneration and social security | 454/9 | €0 | €449 | +€449 | |
| Other amounts payable | 47/48 | €74,196 | €9,681 | -€64,515 | -87.0% |
| Remuneration, social security and pensions | 62 | €55,294 | €75,145 | +€19,851 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,034 | €3,232 | +€197 | +6.5% |
| Other operating charges | 640/8 | €26,957 | €13,126 | -€13,831 | -51.3% |
| Gross operating margin | 9900 | €26,650 | €131,899 | +€105,249 | +394.9% |
| Operating profit (loss) | 9901 | -€58,635 | €40,397 | +€99,032 | |
| Financial income | 75/76B | €11 | €1 | -€10 | -88.6% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -88.6% |
| Financial charges | 65/66B | €3,041 | €2,523 | -€518 | -17.0% |
| Recurring financial charges | 65 | €3,041 | €2,523 | -€518 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€61,665 | €37,875 | +€99,540 | |
| Income taxes | 67/77 | €123 | €128 | +€5 | +3.9% |
| Profit (loss) for the period | 9904 | -€61,788 | €37,747 | +€99,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,788 | €37,747 | +€99,535 |
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 3 October 2026 via checked.be.