S-MOTORS: 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-MOTORS
Largest movements
- Stocks and contracts +€193,724
up €193,724 (+134%), from €144,595 to €338,319
- Cash -€75,166
down €75,166 (-37.8%), from €198,720 to €123,553
mainly Stocks and contracts (-€193,724) and Other debts (-€32,146)
- Reserves +€143,294
up €143,294 (+48.9%), from €292,948 to €436,242
- Other debts -€32,146
no longer reported in 2025 (was €32,146)
- Current portion of long-term debt +€11,723
new in 2025: €11,723
- Tax, wage and social debts -€5,207
down €5,207 (-9.4%), from €55,343 to €50,137
- Gross operating margin +€69,993
up €69,993 (+46.8%), from €149,659 to €219,652
- Taxes +€19,530
up €19,530 (+63.0%), from €31,021 to €50,551
- Staff costs +€10,888
new in 2025: €10,888
- Other operating charges +€7,934
new in 2025: €7,934
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 | €386,438 | €504,101 | +€117,663 | +30.4% |
| Fixed assets | 21/28 | €15,122 | €11,361 | -€3,760 | -24.9% |
| Tangible fixed assets | 22/27 | €15,122 | €11,361 | -€3,760 | -24.9% |
| Plant, machinery and equipment | 23 | €3,168 | €3,985 | +€818 | +25.8% |
| Furniture and vehicles | 24 | €11,954 | €7,376 | -€4,578 | -38.3% |
| Current assets | 29/58 | €371,316 | €492,740 | +€121,424 | +32.7% |
| Stocks and contracts in progress | 3 | €144,595 | €338,319 | +€193,724 | +134% |
| Stocks | 30/36 | €144,595 | €338,319 | +€193,724 | +134% |
| Amounts receivable within one year | 40/41 | €28,002 | €30,867 | +€2,866 | +10.2% |
| Trade receivables | 40 | €28,002 | €6,356 | -€21,646 | -77.3% |
| Other amounts receivable | 41 | - | €24,511 | +€24,511 | |
| Cash at bank and in hand | 54/58 | €198,720 | €123,553 | -€75,166 | -37.8% |
| Total equity and liabilities | 10/49 | €386,438 | €504,101 | +€117,663 | +30.4% |
| Equity | 10/15 | €298,948 | €442,242 | +€143,294 | +47.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €292,948 | €436,242 | +€143,294 | +48.9% |
| Distributable reserves | 133 | €292,948 | €436,242 | +€143,294 | +48.9% |
| Amounts payable | 17/49 | €87,490 | €61,859 | -€25,630 | -29.3% |
| Amounts payable within one year | 42/48 | €87,490 | €61,859 | -€25,630 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,723 | +€11,723 | |
| Taxes, remuneration and social security | 45 | €55,343 | €50,137 | -€5,207 | -9.4% |
| Taxes | 450/3 | €55,343 | €50,137 | -€5,207 | -9.4% |
| Other amounts payable | 47/48 | €32,146 | - | -€32,146 | |
| Non-recurring operating income | 76A | €316 | - | -€316 | |
| Remuneration, social security and pensions | 62 | - | €10,888 | +€10,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,712 | €5,260 | -€452 | -7.9% |
| Other operating charges | 640/8 | - | €7,934 | +€7,934 | |
| Gross operating margin | 9900 | €149,659 | €219,652 | +€69,993 | +46.8% |
| Operating profit (loss) | 9901 | €143,947 | €195,569 | +€51,622 | +35.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €72 | €1,724 | +€1,652 | +2,287% |
| Recurring financial charges | 65 | €72 | €1,724 | +€1,652 | +2,287% |
| Profit (loss) for the period before taxes | 9903 | €143,876 | €193,845 | +€49,969 | +34.7% |
| Income taxes | 67/77 | €31,021 | €50,551 | +€19,530 | +63.0% |
| Profit (loss) for the period | 9904 | €112,854 | €143,294 | +€30,439 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,854 | €143,294 | +€30,439 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.