S&S CONSTRUCTION: 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&S CONSTRUCTION
Largest movements
- Receivables within one year +€20,744
up €20,744 (+41.2%), from €50,390 to €71,134
of which Trade receivables: +€29,424
- Cash -€2,071
down €2,071 (-84.2%), from €2,458 to €387
mainly Receivables within one year (-€20,744) and Investment in fixed assets (net) (-€5,046)
- Tangible fixed assets +€1,792
up €1,792 (+132%), from €1,357 to €3,149
- Profit (loss) carried forward +€16,661
up €16,661 (+66.3%), from €25,124 to €41,785
- Trade debts +€5,508
up €5,508 (+526%), from €1,048 to €6,556
- Tax, wage and social debts +€4,752
up €4,752 (+77.9%), from €6,098 to €10,850
- Contributions -€4,000
down €4,000 (-21.5%), from €18,600 to €14,600
- Short-term financial debts -€2,461
no longer reported in 2025 (was €2,461)
- Gross operating margin +€36,641
up €36,641 (+650%), from €5,638 to €42,279
- Taxes +€6,010
up €6,010 (+248%), from €2,420 to €8,430
- Depreciation +€1,999
up €1,999 (+159%), from €1,255 to €3,254
- Other operating charges -€772
down €772 (-39.0%), from €1,980 to €1,209
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 | €55,191 | €75,651 | +€20,460 | +37.1% |
| Fixed assets | 21/28 | €1,527 | €3,319 | +€1,792 | +117% |
| Tangible fixed assets | 22/27 | €1,357 | €3,149 | +€1,792 | +132% |
| Furniture and vehicles | 24 | €1,357 | €3,149 | +€1,792 | +132% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €53,663 | €72,331 | +€18,668 | +34.8% |
| Amounts receivable within one year | 40/41 | €50,390 | €71,134 | +€20,744 | +41.2% |
| Trade receivables | 40 | €37,197 | €66,620 | +€29,424 | +79.1% |
| Other amounts receivable | 41 | €13,193 | €4,513 | -€8,680 | -65.8% |
| Cash at bank and in hand | 54/58 | €2,458 | €387 | -€2,071 | -84.2% |
| Deferred charges and accrued income | 490/1 | €815 | €811 | -€5 | -0.6% |
| Total equity and liabilities | 10/49 | €55,191 | €75,651 | +€20,460 | +37.1% |
| Equity | 10/15 | €45,584 | €58,245 | +€12,661 | +27.8% |
| Contributions | 10/11 | €18,600 | €14,600 | -€4,000 | -21.5% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,124 | €41,785 | +€16,661 | +66.3% |
| Amounts payable | 17/49 | €9,607 | €17,406 | +€7,799 | +81.2% |
| Amounts payable within one year | 42/48 | €9,607 | €17,406 | +€7,799 | +81.2% |
| Financial debts | 43 | €2,461 | - | -€2,461 | |
| Credit institutions | 430/8 | €2,461 | - | -€2,461 | |
| Trade debts | 44 | €1,048 | €6,556 | +€5,508 | +526% |
| Suppliers | 440/4 | €1,048 | €6,556 | +€5,508 | +526% |
| Taxes, remuneration and social security | 45 | €6,098 | €10,850 | +€4,752 | +77.9% |
| Taxes | 450/3 | €6,098 | €10,850 | +€4,752 | +77.9% |
| Non-recurring operating income | 76A | €7,649 | - | -€7,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,255 | €3,254 | +€1,999 | +159% |
| Other operating charges | 640/8 | €1,980 | €1,209 | -€772 | -39.0% |
| Non-recurring operating charges | 66A | - | €12,311 | +€12,311 | |
| Gross operating margin | 9900 | €5,638 | €42,279 | +€36,641 | +650% |
| Operating profit (loss) | 9901 | €2,402 | €25,505 | +€23,103 | +962% |
| Financial income | 75/76B | €398 | €0 | -€398 | -99.9% |
| Recurring financial income | 75 | €398 | €0 | -€398 | -99.9% |
| Financial charges | 65/66B | €208 | €414 | +€207 | +99.3% |
| Recurring financial charges | 65 | €208 | €414 | +€207 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €2,592 | €25,091 | +€22,499 | +868% |
| Income taxes | 67/77 | €2,420 | €8,430 | +€6,010 | +248% |
| Profit (loss) for the period | 9904 | €172 | €16,661 | +€16,489 | +9,565% |
| Profit (loss) for the period to be appropriated | 9905 | €172 | €16,661 | +€16,489 | +9,565% |
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 18 October 2026 via checked.be.