S2M PRODUCTIONS: 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.
S2M PRODUCTIONS
Largest movements
- Cash +€56,155
up €56,155 (+22.7%), from €247,282 to €303,437
mainly Other debts (+€80,546) and Net result for the year (+€44,353)
- Receivables within one year -€20,427
down €20,427 (-58.7%), from €34,821 to €14,394
of which Trade receivables: -€20,427
- Tangible fixed assets -€13,194
down €13,194 (-10.3%), from €128,058 to €114,865
- Reserves -€172,610
down €172,610 (-70.2%), from €245,970 to €73,360
of which Distributable reserves: -€86,650
- Profit (loss) carried forward +€130,312
up €130,312 (+7,203%), from €1,809 to €132,121
- Other debts +€80,546
up €80,546 (+107%), from €75,311 to €155,858
- Provisions -€32,653
down €32,653 (-61.2%), from €53,368 to €20,714
of which Deferred taxes: -€28,653
- Tax, wage and social debts +€18,735
up €18,735 (+68.4%), from €27,373 to €46,108
- Taxes +€28,024
up €28,024 (+143%), from €19,571 to €47,595
- Gross operating margin +€9,200
up €9,200 (+11.8%), from €78,003 to €87,202
- Other operating charges -€1,685
down €1,685 (-41.7%), from €4,042 to €2,357
- Financial charges +€1,165
up €1,165 (+24.1%), from €4,842 to €6,007
- Depreciation -€895
down €895 (-5.4%), from €16,589 to €15,694
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 | €413,450 | €436,027 | +€22,577 | +5.5% |
| Fixed assets | 21/28 | €128,058 | €114,865 | -€13,194 | -10.3% |
| Tangible fixed assets | 22/27 | €128,058 | €114,865 | -€13,194 | -10.3% |
| Land and buildings | 22 | €61,815 | €58,274 | -€3,541 | -5.7% |
| Plant, machinery and equipment | 23 | €51,979 | €47,126 | -€4,853 | -9.3% |
| Furniture and vehicles | 24 | €14,265 | €9,465 | -€4,800 | -33.6% |
| Current assets | 29/58 | €285,392 | €321,162 | +€35,770 | +12.5% |
| Amounts receivable after more than one year | 29 | €1,827 | €1,827 | = | 0.0% |
| Other amounts receivable | 291 | €1,827 | €1,827 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,821 | €14,394 | -€20,427 | -58.7% |
| Trade receivables | 40 | €32,321 | €11,894 | -€20,427 | -63.2% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €247,282 | €303,437 | +€56,155 | +22.7% |
| Deferred charges and accrued income | 490/1 | €1,462 | €1,505 | +€42 | +2.9% |
| Total equity and liabilities | 10/49 | €413,450 | €436,027 | +€22,577 | +5.5% |
| Equity | 10/15 | €253,979 | €211,681 | -€42,297 | -16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €245,970 | €73,360 | -€172,610 | -70.2% |
| Tax-exempt reserves | 132 | €85,960 | €0 | -€85,960 | -100% |
| Distributable reserves | 133 | €160,010 | €73,360 | -€86,650 | -54.2% |
| Profit (loss) carried forward | 14 | €1,809 | €132,121 | +€130,312 | +7,203% |
| Provisions and deferred taxes | 16 | €53,368 | €20,714 | -€32,653 | -61.2% |
| Provisions for liabilities and charges | 160/5 | €24,714 | €20,714 | -€4,000 | -16.2% |
| Environmental obligations | 163 | €24,714 | €20,714 | -€4,000 | -16.2% |
| Deferred taxes | 168 | €28,653 | €0 | -€28,653 | -100% |
| Amounts payable | 17/49 | €106,104 | €203,631 | +€97,527 | +91.9% |
| Amounts payable within one year | 42/48 | €106,104 | €203,631 | +€97,527 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €3,420 | €1,666 | -€1,754 | -51.3% |
| Suppliers | 440/4 | €3,420 | €1,666 | -€1,754 | -51.3% |
| Taxes, remuneration and social security | 45 | €27,373 | €46,108 | +€18,735 | +68.4% |
| Taxes | 450/3 | €27,373 | €46,108 | +€18,735 | +68.4% |
| Other amounts payable | 47/48 | €75,311 | €155,858 | +€80,546 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,589 | €15,694 | -€895 | -5.4% |
| Other operating charges | 640/8 | €4,042 | €2,357 | -€1,685 | -41.7% |
| Gross operating margin | 9900 | €78,003 | €87,202 | +€9,200 | +11.8% |
| Operating profit (loss) | 9901 | €57,372 | €69,151 | +€11,779 | +20.5% |
| Financial income | 75/76B | €92 | €150 | +€58 | +63.0% |
| Recurring financial income | 75 | €92 | €150 | +€58 | +63.0% |
| Financial charges | 65/66B | €4,842 | €6,007 | +€1,165 | +24.1% |
| Recurring financial charges | 65 | €4,842 | €6,007 | +€1,165 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €52,622 | €63,294 | +€10,672 | +20.3% |
| Transfer from deferred taxes | 780 | - | €28,653 | +€28,653 | |
| Income taxes | 67/77 | €19,571 | €47,595 | +€28,024 | +143% |
| Profit (loss) for the period | 9904 | €33,051 | €44,353 | +€11,302 | +34.2% |
| Transfer from tax-exempt reserves | 789 | - | €85,960 | +€85,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,051 | €130,312 | +€97,261 | +294% |
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 1 November 2026 via checked.be.