S2M: 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.
S2M
Largest movements
- Tangible fixed assets +€58,983
up €58,983 (+356.4%), from €16,548 to €75,531
of which Furniture and vehicles: +€59,395
- Receivables within one year -€51,399
down €51,399 (-35.7%), from €143,916 to €92,517
of which Other amounts receivable: -€39,006
- Cash +€23,447
up €23,447 (+139.3%), from €16,830 to €40,277
mainly Receivables within one year (+€51,399) and Trade debts (+€36,050)
- Trade debts +€36,050
up €36,050 (+17.6%), from €205,005 to €241,055
- Profit (loss) carried forward -€10,676
down €10,676 (-17.9%), from -€59,761 to -€70,438
- Tax, wage and social debts +€5,216
new in 2024: €5,216
- Purchases and services +€28,060
up €28,060 (+98.1%), from €28,603 to €56,663
- Gross operating margin -€20,089
down €20,089 (-86.0%), from €23,366 to €3,277
- Turnover +€7,971
up €7,971 (+15.3%), from €51,969 to €59,940
- Other operating charges -€6,434
down €6,434 (-84.0%), from €7,663 to €1,229
- Depreciation +€5,946
up €5,946 (+97.4%), from €6,106 to €12,052
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,367 | €212,398 | +€31,031 | +17.1% |
| Fixed assets | 21/28 | €19,248 | €78,231 | +€58,983 | +306.4% |
| Tangible fixed assets | 22/27 | €16,548 | €75,531 | +€58,983 | +356.4% |
| Plant, machinery and equipment | 23 | €2,020 | €1,608 | -€412 | -20.4% |
| Furniture and vehicles | 24 | €14,528 | €73,922 | +€59,395 | +408.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €162,119 | €134,167 | -€27,952 | -17.2% |
| Amounts receivable within one year | 40/41 | €143,916 | €92,517 | -€51,399 | -35.7% |
| Trade receivables | 40 | €54,071 | €41,679 | -€12,392 | -22.9% |
| Other amounts receivable | 41 | €89,845 | €50,839 | -€39,006 | -43.4% |
| Cash at bank and in hand | 54/58 | €16,830 | €40,277 | +€23,447 | +139.3% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,373 | = | 0.0% |
| Total equity and liabilities | 10/49 | €181,367 | €212,398 | +€31,031 | +17.1% |
| Equity | 10/15 | -€40,393 | -€51,069 | -€10,676 | -26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,969 | €6,969 | = | 0.0% |
| Distributable reserves | 133 | €6,969 | €6,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,761 | -€70,438 | -€10,676 | -17.9% |
| Amounts payable | 17/49 | €221,759 | €263,467 | +€41,707 | +18.8% |
| Amounts payable within one year | 42/48 | €221,759 | €263,467 | +€41,707 | +18.8% |
| Trade debts | 44 | €205,005 | €241,055 | +€36,050 | +17.6% |
| Suppliers | 440/4 | €205,005 | €241,055 | +€36,050 | +17.6% |
| Taxes, remuneration and social security | 45 | - | €5,216 | +€5,216 | |
| Taxes | 450/3 | - | €5,216 | +€5,216 | |
| Other amounts payable | 47/48 | €16,754 | €17,195 | +€441 | +2.6% |
| Turnover | 70 | €51,969 | €59,940 | +€7,971 | +15.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,603 | €56,663 | +€28,060 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,106 | €12,052 | +€5,946 | +97.4% |
| Other operating charges | 640/8 | €7,663 | €1,229 | -€6,434 | -84.0% |
| Gross operating margin | 9900 | €23,366 | €3,277 | -€20,089 | -86.0% |
| Operating profit (loss) | 9901 | €9,598 | -€10,003 | -€19,601 | |
| Financial income | 75/76B | €1,294 | - | -€1,294 | |
| Recurring financial income | 75 | €1,294 | - | -€1,294 | |
| Financial charges | 65/66B | €597 | €673 | +€76 | +12.7% |
| Recurring financial charges | 65 | €597 | €673 | +€76 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €10,294 | -€10,676 | -€20,971 | |
| Profit (loss) for the period | 9904 | €10,294 | -€10,676 | -€20,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,294 | -€10,676 | -€20,971 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.