s2gt: what changed
Two fiscal 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.
s2gt
Largest movements
- Cash +€40,648
up €40,648 (+1943.9%), from €2,091 to €42,739
mainly Net result for the year (+€45,211) and Tax, wage and social debts (+€15,775)
- Receivables within one year +€10,276
up €10,276 (+68.6%), from €14,984 to €25,260
- Tangible fixed assets +€7,099
up €7,099 (+920.6%), from €771 to €7,870
of which Furniture and vehicles: +€3,584
- Deferred charges and accrued income +€4,188
up €4,188 (+322.6%), from €1,298 to €5,486
- Profit (loss) carried forward +€45,211
up €45,211 (+1128.7%), from €4,006 to €49,216
- Tax, wage and social debts +€15,775
up €15,775 (+149.7%), from €10,541 to €26,316
of which Taxes: +€19,572
- Trade debts +€1,475
up €1,475 (+92.4%), from €1,598 to €3,073
- Turnover +€146,832
up €146,832 (+248.7%), from €59,050 to €205,882
- Purchases and services +€132,022
up €132,022 (+914.7%), from €14,433 to €146,455
- Staff costs -€39,317
down €39,317 (-100.0%), from €39,317 to €0
- Gross operating margin +€15,598
up €15,598 (+34.8%), from €44,759 to €60,357
- Taxes +€14,357
up €14,357 (+1577733.0%), from €1 to €14,358
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 | €21,644 | €83,855 | +€62,211 | +287.4% |
| Fixed assets | 21/28 | €3,271 | €10,370 | +€7,099 | +217.0% |
| Tangible fixed assets | 22/27 | €771 | €7,870 | +€7,099 | +920.6% |
| Furniture and vehicles | 24 | €771 | €4,355 | +€3,584 | +464.8% |
| Assets under construction and advance payments | 27 | - | €3,515 | +€3,515 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €18,373 | €73,484 | +€55,112 | +300.0% |
| Amounts receivable within one year | 40/41 | €14,984 | €25,260 | +€10,276 | +68.6% |
| Trade receivables | 40 | €14,984 | €25,260 | +€10,276 | +68.6% |
| Cash at bank and in hand | 54/58 | €2,091 | €42,739 | +€40,648 | +1943.9% |
| Deferred charges and accrued income | 490/1 | €1,298 | €5,486 | +€4,188 | +322.6% |
| Total equity and liabilities | 10/49 | €21,644 | €83,855 | +€62,211 | +287.4% |
| Equity | 10/15 | €7,006 | €52,216 | +€45,211 | +645.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,006 | €49,216 | +€45,211 | +1128.7% |
| Amounts payable | 17/49 | €14,638 | €31,639 | +€17,000 | +116.1% |
| Amounts payable within one year | 42/48 | €14,638 | €31,639 | +€17,000 | +116.1% |
| Trade debts | 44 | €1,598 | €3,073 | +€1,475 | +92.4% |
| Suppliers | 440/4 | €1,598 | €3,073 | +€1,475 | +92.4% |
| Taxes, remuneration and social security | 45 | €10,541 | €26,316 | +€15,775 | +149.7% |
| Taxes | 450/3 | €6,744 | €26,316 | +€19,572 | +290.2% |
| Remuneration and social security | 454/9 | €3,797 | - | -€3,797 | |
| Other amounts payable | 47/48 | €2,500 | €2,250 | -€250 | -10.0% |
| Turnover | 70 | €59,050 | €205,882 | +€146,832 | +248.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,433 | €146,455 | +€132,022 | +914.7% |
| Remuneration, social security and pensions | 62 | €39,317 | €0 | -€39,317 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €524 | +€449 | +598.0% |
| Other operating charges | 640/8 | €1,350 | €254 | -€1,096 | -81.2% |
| Gross operating margin | 9900 | €44,759 | €60,357 | +€15,598 | +34.8% |
| Operating profit (loss) | 9901 | €4,017 | €59,579 | +€55,563 | +1383.4% |
| Financial income | 75/76B | €3 | €102 | +€99 | +3268.2% |
| Recurring financial income | 75 | €3 | €102 | +€99 | +3268.2% |
| Financial charges | 65/66B | €13 | €112 | +€99 | +755.8% |
| Recurring financial charges | 65 | €13 | €112 | +€99 | +755.8% |
| Profit (loss) for the period before taxes | 9903 | €4,006 | €59,569 | +€55,562 | +1386.8% |
| Income taxes | 67/77 | €1 | €14,358 | +€14,357 | +1577733.0% |
| Profit (loss) for the period | 9904 | €4,006 | €45,211 | +€41,205 | +1028.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,006 | €45,211 | +€41,205 | +1028.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.