S & S MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€58,378
down €58,378 (-6.0%), from €976,162 to €917,784
of which Land and buildings: -€43,058
- Receivables within one year +€20,312
up €20,312 (+122%), from €16,686 to €36,998
of which Other amounts receivable: +€17,598
- Debts after one year -€80,102
down €80,102 (-10.3%), from €781,334 to €701,232
- Other debts +€21,031
up €21,031, from €0 to €21,031
- Depreciation +€28,239
up €28,239 (+56.8%), from €49,680 to €77,918
- Gross operating margin +€22,383
up €22,383 (+24.1%), from €92,973 to €115,356
- Financial charges +€3,137
up €3,137 (+19.7%), from €15,883 to €19,020
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 | €1,008,639 | €969,352 | -€39,287 | -3.9% |
| Fixed assets | 21/28 | €976,162 | €917,784 | -€58,378 | -6.0% |
| Tangible fixed assets | 22/27 | €976,162 | €917,784 | -€58,378 | -6.0% |
| Land and buildings | 22 | €825,050 | €781,992 | -€43,058 | -5.2% |
| Plant, machinery and equipment | 23 | €22,395 | €26,140 | +€3,745 | +16.7% |
| Furniture and vehicles | 24 | - | €6,876 | +€6,876 | |
| Leasing and similar rights | 25 | €128,717 | €102,775 | -€25,942 | -20.2% |
| Current assets | 29/58 | €32,477 | €51,568 | +€19,091 | +58.8% |
| Amounts receivable within one year | 40/41 | €16,686 | €36,998 | +€20,312 | +122% |
| Trade receivables | 40 | €5,998 | €8,712 | +€2,714 | +45.2% |
| Other amounts receivable | 41 | €10,688 | €28,286 | +€17,598 | +165% |
| Cash at bank and in hand | 54/58 | €8,513 | €1,658 | -€6,855 | -80.5% |
| Deferred charges and accrued income | 490/1 | €7,279 | €12,912 | +€5,634 | +77.4% |
| Total equity and liabilities | 10/49 | €1,008,639 | €969,352 | -€39,287 | -3.9% |
| Equity | 10/15 | €106,518 | €116,460 | +€9,942 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,918 | €97,860 | +€9,942 | +11.3% |
| Distributable reserves | 133 | €87,918 | €97,860 | +€9,942 | +11.3% |
| Amounts payable | 17/49 | €902,121 | €852,891 | -€49,229 | -5.5% |
| Amounts payable after more than one year | 17 | €781,334 | €701,232 | -€80,102 | -10.3% |
| Financial debts | 170/4 | €781,334 | €701,232 | -€80,102 | -10.3% |
| Amounts payable within one year | 42/48 | €120,787 | €151,660 | +€30,873 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €82,994 | €88,292 | +€5,298 | +6.4% |
| Financial debts | 43 | €4,446 | €4,532 | +€86 | +1.9% |
| Credit institutions | 430/8 | €4,446 | €4,532 | +€86 | +1.9% |
| Trade debts | 44 | €33,347 | €37,804 | +€4,458 | +13.4% |
| Suppliers | 440/4 | €33,347 | €37,804 | +€4,458 | +13.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €21,031 | +€21,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,680 | €77,918 | +€28,239 | +56.8% |
| Other operating charges | 640/8 | €3,468 | €4,331 | +€863 | +24.9% |
| Gross operating margin | 9900 | €92,973 | €115,356 | +€22,383 | +24.1% |
| Operating profit (loss) | 9901 | €39,825 | €33,106 | -€6,719 | -16.9% |
| Financial income | 75/76B | €432 | €774 | +€341 | +79.0% |
| Recurring financial income | 75 | €432 | €774 | +€341 | +79.0% |
| Financial charges | 65/66B | €15,883 | €19,020 | +€3,137 | +19.7% |
| Recurring financial charges | 65 | €15,883 | €19,020 | +€3,137 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €24,374 | €14,860 | -€9,514 | -39.0% |
| Income taxes | 67/77 | €5,958 | €4,918 | -€1,040 | -17.5% |
| Profit (loss) for the period | 9904 | €18,416 | €9,942 | -€8,474 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,416 | €9,942 | -€8,474 | -46.0% |
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 25 October 2026 via checked.be.