S2 CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€127,153
up €127,153 (+4,238%), from €3,000 to €130,153
- Cash -€83,032
down €83,032 (-60.3%), from €137,697 to €54,665
mainly Current investments (-€127,153) and Contributions, distributions and other (-€74,000)
- Tangible fixed assets +€49,251
up €49,251 (+402%), from €12,244 to €61,495
of which Furniture and vehicles: +€47,923
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Other debts +€38,000
up €38,000 (+106%), from €36,000 to €74,000
- Debts after one year +€16,111
new in 2025: €16,111
- Current portion of long-term debt +€7,354
new in 2025: €7,354
- Gross operating margin +€23,111
up €23,111 (+27.0%), from €85,603 to €108,714
- Depreciation +€4,341
up €4,341 (+47.2%), from €9,197 to €13,538
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 | €204,265 | €265,088 | +€60,823 | +29.8% |
| Fixed assets | 21/28 | €12,244 | €61,495 | +€49,251 | +402% |
| Tangible fixed assets | 22/27 | €12,244 | €61,495 | +€49,251 | +402% |
| Plant, machinery and equipment | 23 | €85 | €1,413 | +€1,328 | +1,559% |
| Furniture and vehicles | 24 | €12,159 | €60,083 | +€47,923 | +394% |
| Current assets | 29/58 | €192,021 | €203,593 | +€11,572 | +6.0% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €21,275 | €18,776 | -€2,499 | -11.7% |
| Trade receivables | 40 | €19,330 | €14,399 | -€4,931 | -25.5% |
| Other amounts receivable | 41 | €1,945 | €4,377 | +€2,432 | +125% |
| Current investments | 50/53 | €3,000 | €130,153 | +€127,153 | +4,238% |
| Cash at bank and in hand | 54/58 | €137,697 | €54,665 | -€83,032 | -60.3% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €204,265 | €265,088 | +€60,823 | +29.8% |
| Equity | 10/15 | €161,291 | €161,348 | +€58 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,550 | €142,550 | = | 0.0% |
| Distributable reserves | 133 | €142,550 | €142,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141 | €198 | +€58 | +41.0% |
| Amounts payable | 17/49 | €42,975 | €103,740 | +€60,765 | +141% |
| Amounts payable after more than one year | 17 | - | €16,111 | +€16,111 | |
| Financial debts | 170/4 | - | €16,111 | +€16,111 | |
| Amounts payable within one year | 42/48 | €41,450 | €87,629 | +€46,179 | +111% |
| Current portion of amounts payable after more than one year | 42 | - | €7,354 | +€7,354 | |
| Trade debts | 44 | €108 | €268 | +€160 | +149% |
| Suppliers | 440/4 | €108 | €268 | +€160 | +149% |
| Taxes, remuneration and social security | 45 | €5,342 | €6,007 | +€664 | +12.4% |
| Taxes | 450/3 | €5,342 | €6,007 | +€664 | +12.4% |
| Other amounts payable | 47/48 | €36,000 | €74,000 | +€38,000 | +106% |
| Accrued charges and deferred income | 492/3 | €1,524 | - | -€1,524 | |
| Non-recurring operating income | 76A | - | €22,786 | +€22,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,197 | €13,538 | +€4,341 | +47.2% |
| Other operating charges | 640/8 | €599 | €1,531 | +€931 | +155% |
| Gross operating margin | 9900 | €85,603 | €108,714 | +€23,111 | +27.0% |
| Operating profit (loss) | 9901 | €75,807 | €93,645 | +€17,838 | +23.5% |
| Financial income | 75/76B | €1,150 | €635 | -€515 | -44.8% |
| Recurring financial income | 75 | €1,150 | €635 | -€515 | -44.8% |
| Financial charges | 65/66B | €67 | €1,100 | +€1,033 | +1,546% |
| Recurring financial charges | 65 | €67 | €1,100 | +€1,033 | +1,546% |
| Profit (loss) for the period before taxes | 9903 | €76,890 | €93,180 | +€16,290 | +21.2% |
| Income taxes | 67/77 | €18,100 | €19,122 | +€1,022 | +5.6% |
| Profit (loss) for the period | 9904 | €58,789 | €74,058 | +€15,268 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,789 | €74,058 | +€15,268 | +26.0% |
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 22 October 2026 via checked.be.