S2LBXL: 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.
S2LBXL
Largest movements
- Cash +€28,087
up €28,087 (+95.2%), from €29,503 to €57,590
mainly Net result for the year (+€49,712) and Tax, wage and social debts (+€48,419)
- Receivables within one year +€4,439
up €4,439 (+32.3%), from €13,762 to €18,201
of which Other amounts receivable: +€12,019
- Financial fixed assets +€1,509
up €1,509 (+26.1%), from €5,785 to €7,294
- Tax, wage and social debts +€48,419
up €48,419 (+218%), from €22,205 to €70,624
- Other debts -€7,674
down €7,674 (-39.3%), from €19,548 to €11,874
- Accrued charges and deferred income -€2,723
down €2,723 (-43.5%), from €6,254 to €3,531
- Debts after one year -€2,115
no longer reported in 2025 (was €2,115)
- Reserves -€1,855
no longer reported in 2025 (was €1,855)
- Gross operating margin +€84,374
up €84,374 (+53.8%), from €156,723 to €241,097
- Other operating charges +€49,165
up €49,165 (+54.6%), from €90,065 to €139,230
- Staff costs -€22,749
down €22,749 (-37.4%), from €60,787 to €38,038
- Taxes +€14,402
up €14,402 (+718%), from €2,005 to €16,407
- Financial charges -€4,104
down €4,104, from €2,345 to -€1,759
of which Non-recurring financial charges: -€4,105
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 | €51,977 | €86,029 | +€34,052 | +65.5% |
| Fixed assets | 21/28 | €5,785 | €7,294 | +€1,509 | +26.1% |
| Financial fixed assets | 28 | €5,785 | €7,294 | +€1,509 | +26.1% |
| Current assets | 29/58 | €46,192 | €78,735 | +€32,543 | +70.5% |
| Stocks and contracts in progress | 3 | €2,777 | €2,830 | +€53 | +1.9% |
| Stocks | 30/36 | €2,777 | €2,830 | +€53 | +1.9% |
| Amounts receivable within one year | 40/41 | €13,762 | €18,201 | +€4,439 | +32.3% |
| Trade receivables | 40 | €7,831 | €251 | -€7,580 | -96.8% |
| Other amounts receivable | 41 | €5,931 | €17,950 | +€12,019 | +203% |
| Cash at bank and in hand | 54/58 | €29,503 | €57,590 | +€28,087 | +95.2% |
| Deferred charges and accrued income | 490/1 | €150 | €114 | -€36 | -24.0% |
| Total equity and liabilities | 10/49 | €51,977 | €86,029 | +€34,052 | +65.5% |
| Equity | 10/15 | €1,855 | - | -€1,855 | |
| Reserves | 13 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €1,855 | - | -€1,855 | |
| Amounts payable | 17/49 | €50,122 | €86,029 | +€35,907 | +71.6% |
| Amounts payable after more than one year | 17 | €2,115 | - | -€2,115 | |
| Trade debts | 175 | €2,115 | - | -€2,115 | |
| Amounts payable within one year | 42/48 | €41,753 | €82,498 | +€40,745 | +97.6% |
| Taxes, remuneration and social security | 45 | €22,205 | €70,624 | +€48,419 | +218% |
| Remuneration and social security | 454/9 | €22,205 | €70,624 | +€48,419 | +218% |
| Other amounts payable | 47/48 | €19,548 | €11,874 | -€7,674 | -39.3% |
| Accrued charges and deferred income | 492/3 | €6,254 | €3,531 | -€2,723 | -43.5% |
| Non-recurring operating income | 76A | - | €1,332 | +€1,332 | |
| Remuneration, social security and pensions | 62 | €60,787 | €38,038 | -€22,749 | -37.4% |
| Other operating charges | 640/8 | €90,065 | €139,230 | +€49,165 | +54.6% |
| Gross operating margin | 9900 | €156,723 | €241,097 | +€84,374 | +53.8% |
| Operating profit (loss) | 9901 | €5,871 | €63,829 | +€57,958 | +987% |
| Financial income | 75/76B | €188 | €531 | +€343 | +182% |
| Recurring financial income | 75 | €188 | €531 | +€343 | +182% |
| Financial charges | 65/66B | €2,345 | -€1,759 | -€4,104 | |
| Recurring financial charges | 65 | €95 | €96 | +€1 | +1.1% |
| Non-recurring financial charges | 66B | €2,250 | -€1,855 | -€4,105 | |
| Profit (loss) for the period before taxes | 9903 | €3,714 | €66,119 | +€62,405 | +1,680% |
| Income taxes | 67/77 | €2,005 | €16,407 | +€14,402 | +718% |
| Profit (loss) for the period | 9904 | €1,709 | €49,712 | +€48,003 | +2,809% |
| Profit (loss) for the period to be appropriated | 9905 | €1,709 | €49,712 | +€48,003 | +2,809% |
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 19 October 2026 via checked.be.