S14N: 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.
S14N
Largest movements
- Receivables within one year -€2,539
down €2,539 (-16.8%), from €15,128 to €12,589
of which Trade receivables: -€1,815
- Cash -€1,658
down €1,658 (-77.6%), from €2,137 to €479
mainly Net result for the year (-€10,504) and Deferred charges and accrued income (-€708)
- Deferred charges and accrued income +€708
up €708 (+26.8%), from €2,642 to €3,350
- Tangible fixed assets -€452
down €452 (-87.1%), from €519 to €67
- Profit (loss) carried forward -€10,504
down €10,504 (-32.7%), from -€32,093 to -€42,597
- Other debts +€6,500
up €6,500 (+31.0%), from €20,976 to €27,476
- Tax, wage and social debts +€745
up €745 (+38.1%), from €1,954 to €2,700
of which Remuneration and social security: +€835
- Trade debts -€681
down €681 (-44.6%), from €1,527 to €846
- Gross operating margin +€17,131
up €17,131 (+79.2%), from -€21,622 to -€4,491
- Other operating charges +€3,216
up €3,216 (+175.5%), from €1,832 to €5,048
- Depreciation -€243
down €243 (-34.9%), from €694 to €452
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.
Cash bridge derived
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 | €20,425 | €16,484 | -€3,941 | -19.3% |
| Fixed assets | 21/28 | €519 | €67 | -€452 | -87.1% |
| Tangible fixed assets | 22/27 | €519 | €67 | -€452 | -87.1% |
| Plant, machinery and equipment | 23 | €519 | €67 | -€452 | -87.1% |
| Current assets | 29/58 | €19,906 | €16,418 | -€3,489 | -17.5% |
| Amounts receivable within one year | 40/41 | €15,128 | €12,589 | -€2,539 | -16.8% |
| Trade receivables | 40 | €1,815 | - | -€1,815 | |
| Other amounts receivable | 41 | €13,313 | €12,589 | -€724 | -5.4% |
| Cash at bank and in hand | 54/58 | €2,137 | €479 | -€1,658 | -77.6% |
| Deferred charges and accrued income | 490/1 | €2,642 | €3,350 | +€708 | +26.8% |
| Total equity and liabilities | 10/49 | €20,425 | €16,484 | -€3,941 | -19.3% |
| Equity | 10/15 | -€4,033 | -€14,537 | -€10,504 | -260.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,093 | -€42,597 | -€10,504 | -32.7% |
| Amounts payable | 17/49 | €24,458 | €31,022 | +€6,564 | +26.8% |
| Amounts payable within one year | 42/48 | €24,458 | €31,022 | +€6,564 | +26.8% |
| Trade debts | 44 | €1,527 | €846 | -€681 | -44.6% |
| Suppliers | 440/4 | €1,527 | €846 | -€681 | -44.6% |
| Taxes, remuneration and social security | 45 | €1,954 | €2,700 | +€745 | +38.1% |
| Taxes | 450/3 | €285 | €196 | -€90 | -31.4% |
| Remuneration and social security | 454/9 | €1,669 | €2,504 | +€835 | +50.0% |
| Other amounts payable | 47/48 | €20,976 | €27,476 | +€6,500 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €452 | -€243 | -34.9% |
| Other operating charges | 640/8 | €1,832 | €5,048 | +€3,216 | +175.5% |
| Gross operating margin | 9900 | -€21,622 | -€4,491 | +€17,131 | +79.2% |
| Operating profit (loss) | 9901 | -€24,149 | -€9,991 | +€14,158 | +58.6% |
| Financial charges | 65/66B | €301 | €318 | +€17 | +5.6% |
| Recurring financial charges | 65 | €301 | €318 | +€17 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,450 | -€10,309 | +€14,141 | +57.8% |
| Income taxes | 67/77 | €285 | €196 | -€90 | -31.4% |
| Profit (loss) for the period | 9904 | -€24,735 | -€10,504 | +€14,230 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,735 | -€10,504 | +€14,230 | +57.5% |
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 9 October 2026 via checked.be.