S2B ENGINEERING: 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.
S2B ENGINEERING
Largest movements
- Cash -€41,517
down €41,517 (-72.7%), from €57,133 to €15,616
mainly Debts after one year (-€75,190) and Current portion of long-term debt (-€29,653)
- Tangible fixed assets -€30,904
down €30,904 (-10.4%), from €298,583 to €267,679
- Receivables within one year -€12,958
down €12,958 (-99.2%), from €13,068 to €110
of which Trade receivables: -€13,068
- Debts after one year -€75,190
down €75,190 (-45.5%), from €165,363 to €90,172
- Profit (loss) carried forward +€31,732
up €31,732 (+89.6%), from €35,404 to €67,135
- Current portion of long-term debt -€29,653
down €29,653 (-57.9%), from €51,216 to €21,563
- Tax, wage and social debts -€9,522
down €9,522 (-53.9%), from €17,664 to €8,142
- Other debts -€4,175
down €4,175 (-17.8%), from €23,396 to €19,221
- Gross operating margin +€4,455
up €4,455 (+5.7%), from €77,851 to €82,306
- Financial charges +€3,385
up €3,385 (+76.9%), from €4,400 to €7,786
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 | €371,313 | €284,198 | -€87,115 | -23.5% |
| Fixed assets | 21/28 | €298,583 | €267,679 | -€30,904 | -10.4% |
| Tangible fixed assets | 22/27 | €298,583 | €267,679 | -€30,904 | -10.4% |
| Land and buildings | 22 | €231,182 | €221,521 | -€9,661 | -4.2% |
| Plant, machinery and equipment | 23 | €23,498 | €16,316 | -€7,182 | -30.6% |
| Furniture and vehicles | 24 | €43,902 | €29,841 | -€14,061 | -32.0% |
| Current assets | 29/58 | €72,730 | €16,519 | -€56,211 | -77.3% |
| Amounts receivable within one year | 40/41 | €13,068 | €110 | -€12,958 | -99.2% |
| Trade receivables | 40 | €13,068 | - | -€13,068 | |
| Other amounts receivable | 41 | - | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €57,133 | €15,616 | -€41,517 | -72.7% |
| Deferred charges and accrued income | 490/1 | €2,529 | €793 | -€1,736 | -68.6% |
| Total equity and liabilities | 10/49 | €371,313 | €284,198 | -€87,115 | -23.5% |
| Equity | 10/15 | €113,053 | €144,785 | +€31,732 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,050 | €59,050 | = | 0.0% |
| Distributable reserves | 133 | €59,050 | €59,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,404 | €67,135 | +€31,732 | +89.6% |
| Amounts payable | 17/49 | €258,259 | €139,413 | -€118,846 | -46.0% |
| Amounts payable after more than one year | 17 | €165,363 | €90,172 | -€75,190 | -45.5% |
| Financial debts | 170/4 | €165,363 | €90,172 | -€75,190 | -45.5% |
| Amounts payable within one year | 42/48 | €92,897 | €49,241 | -€43,656 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €51,216 | €21,563 | -€29,653 | -57.9% |
| Trade debts | 44 | €621 | €315 | -€306 | -49.3% |
| Suppliers | 440/4 | €621 | €315 | -€306 | -49.3% |
| Taxes, remuneration and social security | 45 | €17,664 | €8,142 | -€9,522 | -53.9% |
| Taxes | 450/3 | €17,664 | €8,142 | -€9,522 | -53.9% |
| Other amounts payable | 47/48 | €23,396 | €19,221 | -€4,175 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,629 | €30,904 | +€275 | +0.9% |
| Other operating charges | 640/8 | €734 | €316 | -€418 | -57.0% |
| Gross operating margin | 9900 | €77,851 | €82,306 | +€4,455 | +5.7% |
| Operating profit (loss) | 9901 | €46,487 | €51,086 | +€4,599 | +9.9% |
| Financial income | 75/76B | €89 | €158 | +€69 | +77.1% |
| Recurring financial income | 75 | €89 | €158 | +€69 | +77.1% |
| Financial charges | 65/66B | €4,400 | €7,786 | +€3,385 | +76.9% |
| Recurring financial charges | 65 | €4,400 | €7,786 | +€3,385 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €42,177 | €43,459 | +€1,282 | +3.0% |
| Income taxes | 67/77 | €12,333 | €11,727 | -€606 | -4.9% |
| Profit (loss) for the period | 9904 | €29,844 | €31,732 | +€1,888 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,844 | €31,732 | +€1,888 | +6.3% |
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 13 October 2026 via checked.be.