S2P: 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.
S2P
Largest movements
- Receivables within one year +€8,328
up €8,328 (+92.2%), from €9,035 to €17,363
of which Trade receivables: +€8,317
- Cash -€4,361
down €4,361 (-4.6%), from €95,466 to €91,105
mainly Receivables within one year (-€8,328)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,757
up €4,757 (+17.8%), from €26,790 to €31,547
- Taxes +€4,451
up €4,451 (+1,556%), from €286 to €4,737
- Turnover +€2,017
up €2,017 (+6.6%), from €30,593 to €32,610
- Staff costs -€1,996
down €1,996 (-7.4%), from €27,117 to €25,121
- Purchases and services +€1,891
up €1,891 (+49.7%), from €3,803 to €5,694
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 | €234,734 | €238,701 | +€3,967 | +1.7% |
| Fixed assets | 21/28 | €115,218 | €115,218 | = | 0.0% |
| Financial fixed assets | 28 | €115,218 | €115,218 | = | 0.0% |
| Current assets | 29/58 | €119,516 | €123,483 | +€3,967 | +3.3% |
| Amounts receivable within one year | 40/41 | €9,035 | €17,363 | +€8,328 | +92.2% |
| Trade receivables | 40 | €8,634 | €16,951 | +€8,317 | +96.3% |
| Other amounts receivable | 41 | €401 | €412 | +€11 | +2.7% |
| Current investments | 50/53 | €15,015 | €15,015 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,466 | €91,105 | -€4,361 | -4.6% |
| Total equity and liabilities | 10/49 | €234,734 | €238,701 | +€3,967 | +1.7% |
| Equity | 10/15 | €193,133 | €194,190 | +€1,057 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,200 | €41,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,200 | €41,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,333 | €134,390 | +€1,057 | +0.8% |
| Amounts payable | 17/49 | €41,601 | €44,511 | +€2,910 | +7.0% |
| Amounts payable within one year | 42/48 | €40,671 | €42,281 | +€1,610 | +4.0% |
| Trade debts | 44 | €266 | €379 | +€113 | +42.5% |
| Suppliers | 440/4 | €266 | €379 | +€113 | +42.5% |
| Taxes, remuneration and social security | 45 | €5,798 | €7,271 | +€1,473 | +25.4% |
| Taxes | 450/3 | €411 | €4,184 | +€3,773 | +918% |
| Remuneration and social security | 454/9 | €5,387 | €3,087 | -€2,300 | -42.7% |
| Other amounts payable | 47/48 | €34,607 | €34,631 | +€24 | +0.1% |
| Accrued charges and deferred income | 492/3 | €930 | €2,230 | +€1,300 | +140% |
| Turnover | 70 | €30,593 | €32,610 | +€2,017 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,803 | €5,694 | +€1,891 | +49.7% |
| Remuneration, social security and pensions | 62 | €27,117 | €25,121 | -€1,996 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €254 | +€254 | |
| Other operating charges | 640/8 | €118 | €228 | +€110 | +93.2% |
| Gross operating margin | 9900 | €26,790 | €31,547 | +€4,757 | +17.8% |
| Operating profit (loss) | 9901 | -€445 | €5,944 | +€6,389 | |
| Financial income | 75/76B | €734 | - | -€734 | |
| Recurring financial income | 75 | €734 | - | -€734 | |
| Financial charges | 65/66B | €185 | €150 | -€35 | -18.9% |
| Recurring financial charges | 65 | €185 | €150 | -€35 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €104 | €5,794 | +€5,690 | +5,471% |
| Income taxes | 67/77 | €286 | €4,737 | +€4,451 | +1,556% |
| Profit (loss) for the period | 9904 | -€182 | €1,057 | +€1,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€182 | €1,057 | +€1,239 |
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 15 October 2026 via checked.be.