S2ML Consult: 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.
S2ML Consult
Largest movements
- Cash +€96,314
up €96,314 (+343%), from €28,116 to €124,430
mainly Net result for the year (+€86,927) and Current investments (+€75,000)
- Tangible fixed assets +€86,649
up €86,649 (+2,720%), from €3,185 to €89,834
of which Furniture and vehicles: +€81,853
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Reserves +€86,927
up €86,927 (+102%), from €85,231 to €172,158
- Tax, wage and social debts +€23,804
up €23,804 (+76.9%), from €30,974 to €54,778
- Gross operating margin +€9,504
up €9,504 (+8.7%), from €108,994 to €118,498
- Depreciation +€6,956
up €6,956 (+504%), from €1,379 to €8,335
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 | €124,514 | €232,741 | +€108,227 | +86.9% |
| Fixed assets | 21/28 | €3,185 | €89,834 | +€86,649 | +2,720% |
| Tangible fixed assets | 22/27 | €3,185 | €89,834 | +€86,649 | +2,720% |
| Land and buildings | 22 | - | €4,796 | +€4,796 | |
| Furniture and vehicles | 24 | €3,185 | €85,039 | +€81,853 | +2,570% |
| Current assets | 29/58 | €121,329 | €142,907 | +€21,578 | +17.8% |
| Amounts receivable within one year | 40/41 | €17,545 | €18,476 | +€931 | +5.3% |
| Trade receivables | 40 | €17,545 | €18,476 | +€931 | +5.3% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,116 | €124,430 | +€96,314 | +343% |
| Deferred charges and accrued income | 490/1 | €667 | €0 | -€667 | -100% |
| Total equity and liabilities | 10/49 | €124,514 | €232,741 | +€108,227 | +86.9% |
| Equity | 10/15 | €90,231 | €177,158 | +€86,927 | +96.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,231 | €172,158 | +€86,927 | +102% |
| Distributable reserves | 133 | €85,231 | €172,158 | +€86,927 | +102% |
| Amounts payable | 17/49 | €34,283 | €55,583 | +€21,300 | +62.1% |
| Amounts payable within one year | 42/48 | €34,210 | €55,484 | +€21,274 | +62.2% |
| Trade debts | 44 | €1,377 | €179 | -€1,197 | -87.0% |
| Suppliers | 440/4 | €1,377 | €179 | -€1,197 | -87.0% |
| Taxes, remuneration and social security | 45 | €30,974 | €54,778 | +€23,804 | +76.9% |
| Taxes | 450/3 | €30,974 | €54,778 | +€23,804 | +76.9% |
| Other amounts payable | 47/48 | €1,859 | €526 | -€1,333 | -71.7% |
| Accrued charges and deferred income | 492/3 | €73 | €99 | +€26 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,379 | €8,335 | +€6,956 | +504% |
| Other operating charges | 640/8 | €126 | €440 | +€314 | +249% |
| Gross operating margin | 9900 | €108,994 | €118,498 | +€9,504 | +8.7% |
| Operating profit (loss) | 9901 | €107,489 | €109,724 | +€2,234 | +2.1% |
| Financial income | 75/76B | €735 | €1,173 | +€438 | +59.6% |
| Recurring financial income | 75 | €735 | €1,173 | +€438 | +59.6% |
| Financial charges | 65/66B | €73 | €366 | +€293 | +400% |
| Recurring financial charges | 65 | €73 | €366 | +€293 | +400% |
| Profit (loss) for the period before taxes | 9903 | €108,151 | €110,530 | +€2,379 | +2.2% |
| Income taxes | 67/77 | €22,920 | €23,603 | +€683 | +3.0% |
| Profit (loss) for the period | 9904 | €85,231 | €86,927 | +€1,696 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,231 | €86,927 | +€1,696 | +2.0% |
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 20 October 2026 via checked.be.