S2IT: 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.
S2IT
Largest movements
- Cash +€31,311
up €31,311 (+22.5%), from €139,337 to €170,647
mainly Net result for the year (+€69,688) and Other debts (+€44,235)
- Receivables within one year +€4,717
up €4,717 (+31.1%), from €15,151 to €19,867
of which Trade receivables: +€6,952
- Other debts +€44,235
up €44,235 (+270.1%), from €16,374 to €60,609
- Reserves -€28,231
down €28,231 (-25.7%), from €109,740 to €81,509
- Tax, wage and social debts +€19,561
up €19,561 (+265.5%), from €7,369 to €26,930
of which Taxes: +€19,120
- Gross operating margin +€64,132
up €64,132 (+251.4%), from €25,508 to €89,641
- Taxes +€11,840
up €11,840 (+157.4%), from €7,524 to €19,364
- Financial income -€1,969
down €1,969 (-84.4%), from €2,333 to €364
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 | €155,519 | €190,732 | +€35,213 | +22.6% |
| Fixed assets | 21/28 | €827 | - | -€827 | |
| Tangible fixed assets | 22/27 | €827 | - | -€827 | |
| Leasing and similar rights | 25 | €827 | - | -€827 | |
| Current assets | 29/58 | €154,692 | €190,732 | +€36,040 | +23.3% |
| Amounts receivable within one year | 40/41 | €15,151 | €19,867 | +€4,717 | +31.1% |
| Trade receivables | 40 | €10,439 | €17,391 | +€6,952 | +66.6% |
| Other amounts receivable | 41 | €4,712 | €2,476 | -€2,236 | -47.5% |
| Cash at bank and in hand | 54/58 | €139,337 | €170,647 | +€31,311 | +22.5% |
| Deferred charges and accrued income | 490/1 | €205 | €218 | +€13 | +6.4% |
| Total equity and liabilities | 10/49 | €155,519 | €190,732 | +€35,213 | +22.6% |
| Equity | 10/15 | €128,340 | €100,109 | -€28,231 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,740 | €81,509 | -€28,231 | -25.7% |
| Distributable reserves | 133 | €109,740 | €81,509 | -€28,231 | -25.7% |
| Amounts payable | 17/49 | €27,179 | €90,623 | +€63,444 | +233.4% |
| Amounts payable within one year | 42/48 | €27,179 | €90,623 | +€63,444 | +233.4% |
| Trade debts | 44 | €3,436 | €3,084 | -€352 | -10.2% |
| Suppliers | 440/4 | €3,436 | €3,084 | -€352 | -10.2% |
| Taxes, remuneration and social security | 45 | €7,369 | €26,930 | +€19,561 | +265.5% |
| Taxes | 450/3 | €7,369 | €26,489 | +€19,120 | +259.5% |
| Remuneration and social security | 454/9 | - | €441 | +€441 | |
| Other amounts payable | 47/48 | €16,374 | €60,609 | +€44,235 | +270.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827 | €827 | = | 0.0% |
| Other operating charges | 640/8 | - | €83 | +€83 | |
| Gross operating margin | 9900 | €25,508 | €89,641 | +€64,132 | +251.4% |
| Operating profit (loss) | 9901 | €24,681 | €88,730 | +€64,049 | +259.5% |
| Financial income | 75/76B | €2,333 | €364 | -€1,969 | -84.4% |
| Recurring financial income | 75 | €2,333 | €364 | -€1,969 | -84.4% |
| Financial charges | 65/66B | €226 | €41 | -€185 | -81.8% |
| Recurring financial charges | 65 | €226 | €41 | -€185 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €26,788 | €89,053 | +€62,264 | +232.4% |
| Income taxes | 67/77 | €7,524 | €19,364 | +€11,840 | +157.4% |
| Profit (loss) for the period | 9904 | €19,264 | €69,688 | +€50,424 | +261.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,264 | €69,688 | +€50,424 | +261.8% |
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 8 October 2026 via checked.be.