S2 Consult: 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.
S2 Consult
Largest movements
- Cash +€16,853
up €16,853 (+48.7%), from €34,636 to €51,490
mainly Net result for the year (+€13,904) and Depreciation (+€10,046)
- Receivables within one year -€6,300
down €6,300 (-37.4%), from €16,844 to €10,544
of which Trade receivables: -€4,472
- Deferred charges and accrued income +€4,170
up €4,170 (+341.1%), from €1,222 to €5,392
- Reserves +€12,024
up €12,024 (+50.1%), from €23,996 to €36,019
- Other debts +€1,466
up €1,466 (+7.9%), from €18,582 to €20,048
- Tax, wage and social debts +€1,073
up €1,073 (+30.5%), from €3,513 to €4,586
of which Taxes: +€723
- Gross operating margin +€16,647
up €16,647 (+110.8%), from €15,030 to €31,677
- Taxes +€5,005
up €5,005 (+908.8%), from €551 to €5,556
- Depreciation -€1,852
down €1,852 (-15.6%), from €11,898 to €10,046
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,009 | €84,953 | +€14,944 | +21.3% |
| Fixed assets | 21/28 | €17,306 | €17,528 | +€222 | +1.3% |
| Tangible fixed assets | 22/27 | €17,306 | €17,528 | +€222 | +1.3% |
| Furniture and vehicles | 24 | €6,363 | €12,602 | +€6,239 | +98.0% |
| Other tangible fixed assets | 26 | €10,943 | €4,925 | -€6,017 | -55.0% |
| Current assets | 29/58 | €52,703 | €67,426 | +€14,723 | +27.9% |
| Amounts receivable within one year | 40/41 | €16,844 | €10,544 | -€6,300 | -37.4% |
| Trade receivables | 40 | €15,016 | €10,544 | -€4,472 | -29.8% |
| Other amounts receivable | 41 | €1,828 | €0 | -€1,828 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,636 | €51,490 | +€16,853 | +48.7% |
| Deferred charges and accrued income | 490/1 | €1,222 | €5,392 | +€4,170 | +341.1% |
| Total equity and liabilities | 10/49 | €70,009 | €84,953 | +€14,944 | +21.3% |
| Equity | 10/15 | €42,381 | €54,619 | +€12,238 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,996 | €36,019 | +€12,024 | +50.1% |
| Distributable reserves | 133 | €23,996 | €36,019 | +€12,024 | +50.1% |
| Profit (loss) carried forward | 14 | -€214 | €0 | +€214 | |
| Amounts payable | 17/49 | €27,628 | €30,334 | +€2,706 | +9.8% |
| Amounts payable within one year | 42/48 | €26,273 | €29,104 | +€2,831 | +10.8% |
| Financial debts | 43 | €751 | €670 | -€81 | -10.8% |
| Credit institutions | 430/8 | €751 | €670 | -€81 | -10.8% |
| Trade debts | 44 | €3,427 | €3,800 | +€373 | +10.9% |
| Suppliers | 440/4 | €3,427 | €3,800 | +€373 | +10.9% |
| Taxes, remuneration and social security | 45 | €3,513 | €4,586 | +€1,073 | +30.5% |
| Taxes | 450/3 | €2,693 | €3,416 | +€723 | +26.8% |
| Remuneration and social security | 454/9 | €820 | €1,170 | +€350 | +42.7% |
| Other amounts payable | 47/48 | €18,582 | €20,048 | +€1,466 | +7.9% |
| Accrued charges and deferred income | 492/3 | €1,355 | €1,230 | -€125 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €10,046 | -€1,852 | -15.6% |
| Other operating charges | 640/8 | €831 | €852 | +€21 | +2.5% |
| Gross operating margin | 9900 | €15,030 | €31,677 | +€16,647 | +110.8% |
| Operating profit (loss) | 9901 | €2,301 | €20,780 | +€18,478 | +802.9% |
| Financial income | 75/76B | €244 | €277 | +€33 | +13.5% |
| Recurring financial income | 75 | €244 | €277 | +€33 | +13.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,780 | €1,597 | -€183 | -10.3% |
| Recurring financial charges | 65 | €1,780 | €1,597 | -€183 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €766 | €19,460 | +€18,694 | +2440.3% |
| Income taxes | 67/77 | €551 | €5,556 | +€5,005 | +908.8% |
| Profit (loss) for the period | 9904 | €215 | €13,904 | +€13,689 | +6358.6% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €13,904 | +€13,689 | +6358.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.