S&S Group: 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 Group
Largest movements
- Stocks and contracts +€283,643
up €283,643 (+54.5%), from €519,975 to €803,618
- Cash +€83,807
up €83,807 (+450%), from €18,624 to €102,430
mainly Trade debts (+€129,987) and Net result for the year (+€62,552)
- Tangible fixed assets -€26,699
down €26,699 (-61.0%), from €43,773 to €17,074
of which Land and buildings: -€25,797
- Receivables within one year -€12,525
down €12,525 (-11.5%), from €108,883 to €96,358
of which Trade receivables: -€8,980
- Trade debts +€129,987
up €129,987 (+317%), from €41,017 to €171,004
- Reserves +€62,552
up €62,552 (+103%), from €60,522 to €123,074
of which Distributable reserves: +€62,552
- Current portion of long-term debt +€57,202
up €57,202 (+330%), from €17,354 to €74,557
- Debts after one year +€51,228
up €51,228 (+15.5%), from €329,646 to €380,874
- Tax, wage and social debts +€14,137
up €14,137 (+123%), from €11,471 to €25,608
of which Remuneration and social security: +€10,000
- Gross operating margin +€18,697
up €18,697 (+16.9%), from €110,537 to €129,234
- Taxes +€3,243
up €3,243 (+16.3%), from €19,923 to €23,166
- Financial charges -€2,993
down €2,993 (-13.8%), from €21,678 to €18,685
- Depreciation +€2,834
up €2,834 (+35.5%), from €7,990 to €10,824
- Other operating charges +€2,183
up €2,183 (+16.7%), from €13,058 to €15,241
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 | €695,315 | €1,019,480 | +€324,166 | +46.6% |
| Fixed assets | 21/28 | €43,773 | €17,074 | -€26,699 | -61.0% |
| Tangible fixed assets | 22/27 | €43,773 | €17,074 | -€26,699 | -61.0% |
| Land and buildings | 22 | €25,797 | - | -€25,797 | |
| Plant, machinery and equipment | 23 | - | €5,197 | +€5,197 | |
| Furniture and vehicles | 24 | €17,976 | €11,877 | -€6,099 | -33.9% |
| Current assets | 29/58 | €651,542 | €1,002,406 | +€350,864 | +53.9% |
| Stocks and contracts in progress | 3 | €519,975 | €803,618 | +€283,643 | +54.5% |
| Stocks | 30/36 | €519,975 | €803,618 | +€283,643 | +54.5% |
| Amounts receivable within one year | 40/41 | €108,883 | €96,358 | -€12,525 | -11.5% |
| Trade receivables | 40 | €105,058 | €96,078 | -€8,980 | -8.5% |
| Other amounts receivable | 41 | €3,825 | €280 | -€3,546 | -92.7% |
| Cash at bank and in hand | 54/58 | €18,624 | €102,430 | +€83,807 | +450% |
| Deferred charges and accrued income | 490/1 | €4,060 | - | -€4,060 | |
| Total equity and liabilities | 10/49 | €695,315 | €1,019,480 | +€324,166 | +46.6% |
| Equity | 10/15 | €122,522 | €185,074 | +€62,552 | +51.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €60,522 | €123,074 | +€62,552 | +103% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €412 | €412 | = | 0.0% |
| Distributable reserves | 133 | €53,910 | €116,462 | +€62,552 | +116% |
| Amounts payable | 17/49 | €572,793 | €834,407 | +€261,614 | +45.7% |
| Amounts payable after more than one year | 17 | €329,646 | €380,874 | +€51,228 | +15.5% |
| Financial debts | 170/4 | €329,646 | €380,874 | +€51,228 | +15.5% |
| Amounts payable within one year | 42/48 | €203,623 | €414,435 | +€210,812 | +104% |
| Current portion of amounts payable after more than one year | 42 | €17,354 | €74,557 | +€57,202 | +330% |
| Trade debts | 44 | €41,017 | €171,004 | +€129,987 | +317% |
| Suppliers | 440/4 | €41,017 | €171,004 | +€129,987 | +317% |
| Taxes, remuneration and social security | 45 | €11,471 | €25,608 | +€14,137 | +123% |
| Taxes | 450/3 | €11,471 | €15,608 | +€4,137 | +36.1% |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €133,781 | €143,267 | +€9,487 | +7.1% |
| Accrued charges and deferred income | 492/3 | €39,524 | €39,098 | -€427 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,990 | €10,824 | +€2,834 | +35.5% |
| Other operating charges | 640/8 | €13,058 | €15,241 | +€2,183 | +16.7% |
| Gross operating margin | 9900 | €110,537 | €129,234 | +€18,697 | +16.9% |
| Operating profit (loss) | 9901 | €89,489 | €103,169 | +€13,680 | +15.3% |
| Financial income | 75/76B | €1,364 | €1,234 | -€130 | -9.6% |
| Recurring financial income | 75 | €1,364 | €1,234 | -€130 | -9.6% |
| Financial charges | 65/66B | €21,678 | €18,685 | -€2,993 | -13.8% |
| Recurring financial charges | 65 | €21,678 | €18,685 | -€2,993 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €69,175 | €85,718 | +€16,543 | +23.9% |
| Income taxes | 67/77 | €19,923 | €23,166 | +€3,243 | +16.3% |
| Profit (loss) for the period | 9904 | €49,253 | €62,552 | +€13,299 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,253 | €62,552 | +€13,299 | +27.0% |
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 23 October 2026 via checked.be.