S2S: 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.
S2S
Largest movements
- Receivables within one year +€13,272
up €13,272 (+5.7%), from €234,737 to €248,009
of which Trade receivables: +€15,000
- Profit (loss) carried forward +€11,538
up €11,538 (+22.6%), from -€50,944 to -€39,405
- Gross operating margin +€14,067
up €14,067, from -€1,654 to €12,413
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.
Cash bridge derived
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 | €251,531 | €262,829 | +€11,298 | +4.5% |
| Current assets | 29/58 | €251,531 | €262,829 | +€11,298 | +4.5% |
| Amounts receivable within one year | 40/41 | €234,737 | €248,009 | +€13,272 | +5.7% |
| Trade receivables | 40 | €132,586 | €147,586 | +€15,000 | +11.3% |
| Other amounts receivable | 41 | €102,151 | €100,423 | -€1,728 | -1.7% |
| Cash at bank and in hand | 54/58 | €15,787 | €13,800 | -€1,986 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,007 | €1,020 | +€12 | +1.2% |
| Total equity and liabilities | 10/49 | €251,531 | €262,829 | +€11,298 | +4.5% |
| Equity | 10/15 | €49,056 | €60,595 | +€11,538 | +23.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,944 | -€39,405 | +€11,538 | +22.6% |
| Amounts payable | 17/49 | €202,474 | €202,234 | -€240 | -0.1% |
| Amounts payable within one year | 42/48 | €202,474 | €202,234 | -€240 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €1,263 | €1,263 | = | 0.0% |
| Trade debts | 44 | €1,007 | €971 | -€37 | -3.6% |
| Suppliers | 440/4 | €1,007 | €971 | -€37 | -3.6% |
| Taxes, remuneration and social security | 45 | €204 | €0 | -€204 | -100.0% |
| Taxes | 450/3 | €204 | €0 | -€204 | -100.0% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Other operating charges | 640/8 | €434 | €400 | -€35 | -8.0% |
| Gross operating margin | 9900 | -€1,654 | €12,413 | +€14,067 | |
| Operating profit (loss) | 9901 | -€2,088 | €12,014 | +€14,102 | |
| Financial charges | 65/66B | €481 | €475 | -€5 | -1.1% |
| Recurring financial charges | 65 | €481 | €475 | -€5 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,569 | €11,538 | +€14,107 | |
| Profit (loss) for the period | 9904 | -€2,569 | €11,538 | +€14,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,569 | €11,538 | +€14,107 |
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 12 October 2026 via checked.be.