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
- Cash +€113,928
up €113,928 (+936%), from €12,174 to €126,102
mainly Net result for the year (+€87,122) and Receivables within one year (+€36,323)
- Receivables within one year -€36,323
down €36,323 (-93.2%), from €38,955 to €2,632
of which Trade receivables: -€36,323
- Tangible fixed assets -€6,820
down €6,820 (-6.7%), from €101,467 to €94,647
of which Other tangible fixed assets: -€8,198
- Reserves +€87,122
up €87,122 (+22.0%), from €396,776 to €483,898
of which Distributable reserves: +€87,122
- Tax, wage and social debts -€14,816
down €14,816 (-43.9%), from €33,729 to €18,913
of which Remuneration and social security: -€16,383
- Turnover +€148,840
new in 2025: €148,840
- Gross operating margin +€37,212
up €37,212, from -€3,423 to €33,789
- Financial income +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
of which Financial income: +€25,000
- Taxes +€7,237
up €7,237 (+215%), from €3,368 to €10,604
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 | €475,213 | €547,879 | +€72,666 | +15.3% |
| Fixed assets | 21/28 | €421,467 | €414,647 | -€6,820 | -1.6% |
| Tangible fixed assets | 22/27 | €101,467 | €94,647 | -€6,820 | -6.7% |
| Plant, machinery and equipment | 23 | - | €1,664 | +€1,664 | |
| Furniture and vehicles | 24 | €1,104 | €818 | -€286 | -25.9% |
| Other tangible fixed assets | 26 | €100,363 | €92,166 | -€8,198 | -8.2% |
| Financial fixed assets | 28 | €320,000 | €320,000 | = | 0.0% |
| Current assets | 29/58 | €53,746 | €133,232 | +€79,486 | +148% |
| Amounts receivable within one year | 40/41 | €38,955 | €2,632 | -€36,323 | -93.2% |
| Trade receivables | 40 | €36,323 | - | -€36,323 | |
| Other amounts receivable | 41 | €2,632 | €2,632 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,174 | €126,102 | +€113,928 | +936% |
| Deferred charges and accrued income | 490/1 | €2,616 | €4,497 | +€1,881 | +71.9% |
| Total equity and liabilities | 10/49 | €475,213 | €547,879 | +€72,666 | +15.3% |
| Equity | 10/15 | €421,776 | €508,898 | +€87,122 | +20.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €396,776 | €483,898 | +€87,122 | +22.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €394,276 | €481,398 | +€87,122 | +22.1% |
| Amounts payable | 17/49 | €53,437 | €38,981 | -€14,456 | -27.1% |
| Amounts payable within one year | 42/48 | €43,383 | €30,612 | -€12,770 | -29.4% |
| Trade debts | 44 | €3,314 | €5,082 | +€1,768 | +53.3% |
| Suppliers | 440/4 | €3,314 | €5,082 | +€1,768 | +53.3% |
| Taxes, remuneration and social security | 45 | €33,729 | €18,913 | -€14,816 | -43.9% |
| Taxes | 450/3 | €14,846 | €16,413 | +€1,567 | +10.6% |
| Remuneration and social security | 454/9 | €18,883 | €2,500 | -€16,383 | -86.8% |
| Other amounts payable | 47/48 | €6,339 | €6,617 | +€278 | +4.4% |
| Accrued charges and deferred income | 492/3 | €10,054 | €8,368 | -€1,686 | -16.8% |
| Turnover | 70 | - | €148,840 | +€148,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,597 | €8,506 | -€91 | -1.1% |
| Other operating charges | 640/8 | €449 | €685 | +€235 | +52.4% |
| Gross operating margin | 9900 | -€3,423 | €33,789 | +€37,212 | |
| Operating profit (loss) | 9901 | -€12,469 | €24,599 | +€37,068 | |
| Financial income | 75/76B | €50,000 | €75,000 | +€25,000 | +50.0% |
| Recurring financial income | 75 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Non-recurring financial income | 76B | €50,000 | €75,000 | +€25,000 | +50.0% |
| Financial charges | 65/66B | €2,629 | €1,872 | -€756 | -28.8% |
| Recurring financial charges | 65 | €2,629 | €1,872 | -€756 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €34,902 | €97,726 | +€62,824 | +180% |
| Income taxes | 67/77 | €3,368 | €10,604 | +€7,237 | +215% |
| Profit (loss) for the period | 9904 | €31,534 | €87,122 | +€55,587 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €31,534 | €87,122 | +€55,587 | +176% |
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 27 October 2026 via checked.be.