S-Proco: 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.
What changed
S-Proco
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,123
2024 · -€52-€3,071
Equity
€52,413
2024 · €55,536-€3,123
Cash
€2,896
2024 · €1,433+€1,463
Balance sheet total
€619,926
2024 · €112,769+€507,157
Largest movements
Assets
- Stocks and contracts +€561,494
up €561,494 (+1,269%), from €44,253 to €605,746
- Receivables within one year -€53,111
down €53,111 (-84.7%), from €62,700 to €9,589
of which Other amounts receivable: -€55,000
Equity and liabilities
- Debts after one year +€416,600
up €416,600 (+786%), from €53,000 to €469,600
- Trade debts +€88,891
up €88,891 (+5,232%), from €1,699 to €90,590
Income statement
- Goods and materials +€507,786
up €507,786 (+1,217%), from €41,719 to €549,504
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.
Result 2024
-€52
Other operating charges
-€171
Other operating items
+€3,758
Financial income
-€2,013
Financial charges
-€4,646
Result 2025
-€3,123
lowers the resultnot broken down further in the accounts
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.
From operations
-€415,137
Investment
€0
Financing
+€416,600
Cash 2024
€1,433
From operations (derived)
-€415,137
Net result for the year
-€3,123
Stocks and contracts
-€561,494
Receivables within one year
+€53,111
Deferred charges and accrued income
+€2,689
Trade debts
+€88,891
Accrued charges and deferred income
+€4,789
Financing
+€416,600
Debts after one year
+€416,600
Cash 2025
€2,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,769 | €619,926 | +€507,157 | +450% |
| Current assets | 29/58 | €112,769 | €619,926 | +€507,157 | +450% |
| Stocks and contracts in progress | 3 | €44,253 | €605,746 | +€561,494 | +1,269% |
| Stocks | 30/36 | €44,253 | €605,746 | +€561,494 | +1,269% |
| Property held for sale | 35 | €44,253 | €605,746 | +€561,494 | +1,269% |
| Amounts receivable within one year | 40/41 | €62,700 | €9,589 | -€53,111 | -84.7% |
| Trade receivables | 40 | €7,700 | €9,589 | +€1,889 | +24.5% |
| Other amounts receivable | 41 | €55,000 | €0 | -€55,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,433 | €2,896 | +€1,463 | +102% |
| Deferred charges and accrued income | 490/1 | €4,383 | €1,694 | -€2,689 | -61.4% |
| Total equity and liabilities | 10/49 | €112,769 | €619,926 | +€507,157 | +450% |
| Equity | 10/15 | €55,536 | €52,413 | -€3,123 | -5.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,964 | -€9,087 | -€3,123 | -52.4% |
| Amounts payable | 17/49 | €57,233 | €567,513 | +€510,280 | +892% |
| Amounts payable after more than one year | 17 | €53,000 | €469,600 | +€416,600 | +786% |
| Financial debts | 170/4 | €53,000 | €469,600 | +€416,600 | +786% |
| Credit institutions | 173 | - | €315,000 | +€315,000 | |
| Other loans | 174 | €53,000 | €154,600 | +€101,600 | +192% |
| Amounts payable within one year | 42/48 | €1,699 | €90,590 | +€88,891 | +5,232% |
| Trade debts | 44 | €1,699 | €90,590 | +€88,891 | +5,232% |
| Suppliers | 440/4 | €1,699 | €90,590 | +€88,891 | +5,232% |
| Accrued charges and deferred income | 492/3 | €2,534 | €7,323 | +€4,789 | +189% |
| Operating income | 70/76A | €41,719 | €553,958 | +€512,239 | +1,228% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €41,719 | €553,958 | +€512,239 | +1,228% |
| Operating charges | 60/66A | €44,090 | €552,742 | +€508,651 | +1,154% |
| Goods for resale, raw materials and consumables | 60 | €41,719 | €549,504 | +€507,786 | +1,217% |
| Purchases | 600/8 | €41,719 | €549,504 | +€507,786 | +1,217% |
| Services and other goods | 61 | €1,576 | €2,271 | +€695 | +44.1% |
| Other operating charges | 640/8 | €796 | €967 | +€171 | +21.4% |
| Operating profit (loss) | 9901 | -€2,372 | €1,216 | +€3,588 | |
| Financial income | 75/76B | €2,496 | €483 | -€2,013 | -80.6% |
| Recurring financial income | 75 | €2,496 | €483 | -€2,013 | -80.6% |
| Income from current assets | 751 | €2,496 | €483 | -€2,013 | -80.6% |
| Financial charges | 65/66B | €176 | €4,822 | +€4,646 | +2,634% |
| Recurring financial charges | 65 | €176 | €4,822 | +€4,646 | +2,634% |
| Debt charges | 650 | - | €4,453 | +€4,453 | |
| Other financial charges | 652/9 | €176 | €369 | +€193 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€52 | -€3,123 | -€3,071 | -5,910% |
| Profit (loss) for the period | 9904 | -€52 | -€3,123 | -€3,071 | -5,910% |
| Profit (loss) for the period to be appropriated | 9905 | -€52 | -€3,123 | -€3,071 | -5,910% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.