S-PLUS: 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-PLUS
Largest movements
- Receivables within one year +€175,379
up €175,379 (+32.9%), from €533,147 to €708,526
of which Trade receivables: +€179,981
- Cash -€167,661
down €167,661 (-21.3%), from €787,063 to €619,402
mainly Receivables within one year (-€175,379) and Deferred charges and accrued income (-€70,873)
- Deferred charges and accrued income +€70,873
up €70,873 (+87.7%), from €80,817 to €151,690
- Trade debts +€96,592
up €96,592 (+41.6%), from €232,330 to €328,921
- Profit (loss) carried forward -€33,209
down €33,209 (-17.8%), from €187,018 to €153,809
- Purchases and services +€1.7m
new in 2025: €1.7m
- Turnover +€1.1m
new in 2025: €1.1m
- Gross operating margin +€116,879
up €116,879 (+3.7%), from €3.2m to €3.3m
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 | €1,409,554 | €1,486,686 | +€77,132 | +5.5% |
| Fixed assets | 21/28 | €8,527 | €7,067 | -€1,459 | -17.1% |
| Tangible fixed assets | 22/27 | €8,527 | €7,067 | -€1,459 | -17.1% |
| Plant, machinery and equipment | 23 | €1,022 | €561 | -€461 | -45.1% |
| Furniture and vehicles | 24 | €7,505 | €6,506 | -€999 | -13.3% |
| Current assets | 29/58 | €1,401,027 | €1,479,618 | +€78,591 | +5.6% |
| Amounts receivable within one year | 40/41 | €533,147 | €708,526 | +€175,379 | +32.9% |
| Trade receivables | 40 | €320,354 | €500,335 | +€179,981 | +56.2% |
| Other amounts receivable | 41 | €212,794 | €208,191 | -€4,602 | -2.2% |
| Cash at bank and in hand | 54/58 | €787,063 | €619,402 | -€167,661 | -21.3% |
| Deferred charges and accrued income | 490/1 | €80,817 | €151,690 | +€70,873 | +87.7% |
| Total equity and liabilities | 10/49 | €1,409,554 | €1,486,686 | +€77,132 | +5.5% |
| Equity | 10/15 | €447,965 | €414,757 | -€33,209 | -7.4% |
| Contributions | 10/11 | €260,948 | €260,948 | = | 0.0% |
| Capital | 10 | €260,948 | €260,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,018 | €153,809 | -€33,209 | -17.8% |
| Amounts payable | 17/49 | €961,588 | €1,071,929 | +€110,341 | +11.5% |
| Amounts payable within one year | 42/48 | €744,781 | €850,641 | +€105,860 | +14.2% |
| Trade debts | 44 | €232,330 | €328,921 | +€96,592 | +41.6% |
| Suppliers | 440/4 | €232,330 | €328,921 | +€96,592 | +41.6% |
| Taxes, remuneration and social security | 45 | €512,451 | €521,713 | +€9,262 | +1.8% |
| Taxes | 450/3 | €88,410 | €91,376 | +€2,966 | +3.4% |
| Remuneration and social security | 454/9 | €424,041 | €430,337 | +€6,295 | +1.5% |
| Accrued charges and deferred income | 492/3 | €216,807 | €221,288 | +€4,481 | +2.1% |
| Turnover | 70 | - | €1,134,122 | +€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,720,810 | +€1.7m | |
| Remuneration, social security and pensions | 62 | €3,221,014 | €3,240,760 | +€19,746 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €1,459 | -€431 | -22.8% |
| Other operating charges | 640/8 | €37,333 | €42,574 | +€5,241 | +14.0% |
| Non-recurring operating charges | 66A | €45 | €25,658 | +€25,613 | +56690.7% |
| Gross operating margin | 9900 | €3,164,009 | €3,280,887 | +€116,879 | +3.7% |
| Operating profit (loss) | 9901 | -€96,274 | -€29,564 | +€66,709 | +69.3% |
| Financial charges | 65/66B | €4,152 | €3,644 | -€508 | -12.2% |
| Recurring financial charges | 65 | €4,152 | €3,644 | -€508 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€100,426 | -€33,209 | +€67,217 | +66.9% |
| Profit (loss) for the period | 9904 | -€100,426 | -€33,209 | +€67,217 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,426 | -€33,209 | +€67,217 | +66.9% |
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 5 October 2026 via checked.be.