S & S Products: what changed
S & S Products
Largest movements
- Cash +€214,839
up €214,839 (+206%), from €104,279 to €319,118
mainly Current investments (+€200,000) and Depreciation (+€91,317)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Tangible fixed assets -€84,192
down €84,192 (-26.7%), from €315,613 to €231,421
- Receivables after one year +€55,000
up €55,000 (+19.6%), from €280,000 to €335,000
- Receivables within one year +€34,172
up €34,172 (+29.5%), from €115,841 to €150,012
of which Trade receivables: +€32,023
- Reserves +€52,734
up €52,734 (+7.0%), from €756,258 to €808,992
- Debts after one year -€33,209
down €33,209 (-20.6%), from €161,187 to €127,978
- Tax, wage and social debts -€32,928
down €32,928 (-79.7%), from €41,293 to €8,365
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Trade debts +€14,551
up €14,551 (+163%), from €8,917 to €23,469
- Gross operating margin -€73,873
down €73,873 (-32.6%), from €226,312 to €152,439
- Taxes -€18,412
down €18,412 (-50.4%), from €36,515 to €18,104
- Financial income -€3,913
down €3,913 (-21.9%), from €17,848 to €13,936
- Other operating charges -€2,602
down €2,602 (-72.8%), from €3,572 to €970
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,428 | €1,041,012 | +€16,584 | +1.6% |
| Fixed assets | 21/28 | €315,613 | €231,421 | -€84,192 | -26.7% |
| Tangible fixed assets | 22/27 | €315,613 | €231,421 | -€84,192 | -26.7% |
| Plant, machinery and equipment | 23 | €88,144 | €53,766 | -€34,378 | -39.0% |
| Furniture and vehicles | 24 | €29,868 | €18,668 | -€11,200 | -37.5% |
| Leasing and similar rights | 25 | €197,601 | €158,987 | -€38,614 | -19.5% |
| Current assets | 29/58 | €708,816 | €809,592 | +€100,776 | +14.2% |
| Amounts receivable after more than one year | 29 | €280,000 | €335,000 | +€55,000 | +19.6% |
| Other amounts receivable | 291 | €280,000 | €335,000 | +€55,000 | +19.6% |
| Stocks and contracts in progress | 3 | €7,062 | €0 | -€7,062 | -100% |
| Stocks | 30/36 | €2,551 | €0 | -€2,551 | -100% |
| Contracts in progress | 37 | €4,511 | €0 | -€4,511 | -100% |
| Amounts receivable within one year | 40/41 | €115,841 | €150,012 | +€34,172 | +29.5% |
| Trade receivables | 40 | €75,778 | €107,801 | +€32,023 | +42.3% |
| Other amounts receivable | 41 | €40,063 | €42,211 | +€2,148 | +5.4% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €104,279 | €319,118 | +€214,839 | +206% |
| Deferred charges and accrued income | 490/1 | €1,634 | €5,462 | +€3,828 | +234% |
| Total equity and liabilities | 10/49 | €1,024,428 | €1,041,012 | +€16,584 | +1.6% |
| Equity | 10/15 | €780,258 | €832,992 | +€52,734 | +6.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €756,258 | €808,992 | +€52,734 | +7.0% |
| Distributable reserves | 133 | €756,258 | €808,992 | +€52,734 | +7.0% |
| Amounts payable | 17/49 | €244,171 | €208,021 | -€36,150 | -14.8% |
| Amounts payable after more than one year | 17 | €161,187 | €127,978 | -€33,209 | -20.6% |
| Financial debts | 170/4 | €161,187 | €127,978 | -€33,209 | -20.6% |
| Amounts payable within one year | 42/48 | €82,984 | €65,043 | -€17,941 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €32,774 | €33,209 | +€436 | +1.3% |
| Trade debts | 44 | €8,917 | €23,469 | +€14,551 | +163% |
| Suppliers | 440/4 | €8,917 | €23,469 | +€14,551 | +163% |
| Taxes, remuneration and social security | 45 | €41,293 | €8,365 | -€32,928 | -79.7% |
| Taxes | 450/3 | €41,293 | €8,365 | -€32,928 | -79.7% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,223 | €91,317 | -€905 | -1.0% |
| Other operating charges | 640/8 | €3,572 | €970 | -€2,602 | -72.8% |
| Gross operating margin | 9900 | €226,312 | €152,439 | -€73,873 | -32.6% |
| Operating profit (loss) | 9901 | €130,517 | €60,152 | -€70,365 | -53.9% |
| Financial income | 75/76B | €17,848 | €13,936 | -€3,913 | -21.9% |
| Recurring financial income | 75 | €17,848 | €13,936 | -€3,913 | -21.9% |
| Financial charges | 65/66B | €3,308 | €3,249 | -€59 | -1.8% |
| Recurring financial charges | 65 | €3,308 | €3,249 | -€59 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €145,057 | €70,838 | -€74,219 | -51.2% |
| Income taxes | 67/77 | €36,515 | €18,104 | -€18,412 | -50.4% |
| Profit (loss) for the period | 9904 | €108,542 | €52,734 | -€55,808 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,542 | €52,734 | -€55,808 | -51.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.