S&S PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€34,312
down €34,312 (-75.1%), from €45,693 to €11,381
of which Other amounts receivable: -€31,029
- Tangible fixed assets -€17,415
down €17,415 (-24.7%), from €70,544 to €53,129
of which Furniture and vehicles: -€16,761
- Cash +€3,017
up €3,017 (+77.8%), from €3,876 to €6,894
mainly Receivables within one year (+€34,312) and Depreciation (+€17,415)
- Other debts -€53,180
down €53,180 (-45.7%), from €116,247 to €63,067
- Profit (loss) carried forward +€11,709
up €11,709 (+25.1%), from -€46,605 to -€34,897
- Debts after one year -€3,410
down €3,410 (-100%), from €3,410 to €0
- Current portion of long-term debt -€2,383
down €2,383 (-41.1%), from €5,793 to €3,410
- Trade debts -€1,744
down €1,744 (-40.0%), from €4,358 to €2,614
- Gross operating margin +€15,245
up €15,245 (+103%), from €14,858 to €30,103
- Other operating charges -€475
down €475 (-32.9%), from €1,442 to €967
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 | €120,472 | €71,934 | -€48,539 | -40.3% |
| Fixed assets | 21/28 | €70,844 | €53,429 | -€17,415 | -24.6% |
| Tangible fixed assets | 22/27 | €70,544 | €53,129 | -€17,415 | -24.7% |
| Furniture and vehicles | 24 | €67,065 | €50,304 | -€16,761 | -25.0% |
| Other tangible fixed assets | 26 | €3,479 | €2,825 | -€654 | -18.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €49,629 | €18,505 | -€31,124 | -62.7% |
| Amounts receivable within one year | 40/41 | €45,693 | €11,381 | -€34,312 | -75.1% |
| Trade receivables | 40 | €13,808 | €10,525 | -€3,283 | -23.8% |
| Other amounts receivable | 41 | €31,884 | €855 | -€31,029 | -97.3% |
| Cash at bank and in hand | 54/58 | €3,876 | €6,894 | +€3,017 | +77.8% |
| Deferred charges and accrued income | 490/1 | €59 | €230 | +€171 | +287% |
| Total equity and liabilities | 10/49 | €120,472 | €71,934 | -€48,539 | -40.3% |
| Equity | 10/15 | -€10,095 | €1,613 | +€11,709 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €17,960 | €17,960 | = | 0.0% |
| Distributable reserves | 133 | €17,960 | €17,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,605 | -€34,897 | +€11,709 | +25.1% |
| Amounts payable | 17/49 | €130,567 | €70,320 | -€60,247 | -46.1% |
| Amounts payable after more than one year | 17 | €3,410 | €0 | -€3,410 | -100% |
| Financial debts | 170/4 | €3,410 | €0 | -€3,410 | -100% |
| Amounts payable within one year | 42/48 | €127,157 | €70,320 | -€56,837 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €5,793 | €3,410 | -€2,383 | -41.1% |
| Trade debts | 44 | €4,358 | €2,614 | -€1,744 | -40.0% |
| Suppliers | 440/4 | €4,358 | €2,614 | -€1,744 | -40.0% |
| Taxes, remuneration and social security | 45 | €760 | €1,229 | +€469 | +61.8% |
| Taxes | 450/3 | €760 | €707 | -€53 | -7.0% |
| Remuneration and social security | 454/9 | - | €522 | +€522 | |
| Other amounts payable | 47/48 | €116,247 | €63,067 | -€53,180 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,306 | €17,415 | +€109 | +0.6% |
| Other operating charges | 640/8 | €1,442 | €967 | -€475 | -32.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,858 | €30,103 | +€15,245 | +103% |
| Operating profit (loss) | 9901 | -€3,890 | €11,721 | +€15,611 | |
| Financial income | 75/76B | €332 | €360 | +€28 | +8.3% |
| Recurring financial income | 75 | €332 | €360 | +€28 | +8.3% |
| Financial charges | 65/66B | €204 | €146 | -€58 | -28.5% |
| Recurring financial charges | 65 | €204 | €146 | -€58 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,762 | €11,935 | +€15,696 | |
| Income taxes | 67/77 | €273 | €226 | -€47 | -17.1% |
| Profit (loss) for the period | 9904 | -€4,034 | €11,709 | +€15,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,034 | €11,709 | +€15,743 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.