S2T: 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.
S2T
Largest movements
- Cash -€56,477
down €56,477 (-49.4%), from €114,237 to €57,760
mainly Contributions, distributions and other (-€108,000) and Receivables within one year (-€55,203)
- Receivables within one year +€55,203
up €55,203 (+472.9%), from €11,675 to €66,878
of which Other amounts receivable: +€48,037
- Other debts +€104,211
up €104,211 (+2750.3%), from €3,789 to €108,000
- Profit (loss) carried forward -€77,921
down €77,921 (-99.5%), from €78,343 to €422
- Tax, wage and social debts -€30,619
down €30,619 (-81.0%), from €37,821 to €7,202
- Trade debts +€4,004
up €4,004 (+94.5%), from €4,237 to €8,241
- Accrued charges and deferred income -€1,450
no longer reported in 2025 (was €1,450)
- Gross operating margin +€5,315
up €5,315 (+13.7%), from €38,882 to €44,196
- Taxes +€1,453
up €1,453 (+15.5%), from €9,377 to €10,831
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 | €127,640 | €125,865 | -€1,775 | -1.4% |
| Fixed assets | 21/28 | €1,729 | €1,228 | -€501 | -29.0% |
| Tangible fixed assets | 22/27 | €1,729 | €1,228 | -€501 | -29.0% |
| Furniture and vehicles | 24 | €1,729 | €1,228 | -€501 | -29.0% |
| Current assets | 29/58 | €125,912 | €124,637 | -€1,274 | -1.0% |
| Amounts receivable within one year | 40/41 | €11,675 | €66,878 | +€55,203 | +472.9% |
| Trade receivables | 40 | €10,170 | €17,336 | +€7,166 | +70.5% |
| Other amounts receivable | 41 | €1,504 | €49,542 | +€48,037 | +3193.9% |
| Cash at bank and in hand | 54/58 | €114,237 | €57,760 | -€56,477 | -49.4% |
| Total equity and liabilities | 10/49 | €127,640 | €125,865 | -€1,775 | -1.4% |
| Equity | 10/15 | €80,343 | €2,422 | -€77,921 | -97.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,343 | €422 | -€77,921 | -99.5% |
| Amounts payable | 17/49 | €47,297 | €123,443 | +€76,146 | +161.0% |
| Amounts payable within one year | 42/48 | €45,847 | €123,443 | +€77,596 | +169.2% |
| Trade debts | 44 | €4,237 | €8,241 | +€4,004 | +94.5% |
| Suppliers | 440/4 | €4,237 | €8,241 | +€4,004 | +94.5% |
| Taxes, remuneration and social security | 45 | €37,821 | €7,202 | -€30,619 | -81.0% |
| Taxes | 450/3 | €37,821 | €7,202 | -€30,619 | -81.0% |
| Other amounts payable | 47/48 | €3,789 | €108,000 | +€104,211 | +2750.3% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | €1,079 | +€39 | +3.7% |
| Other operating charges | 640/8 | €604 | €813 | +€210 | +34.7% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €38,882 | €44,196 | +€5,315 | +13.7% |
| Operating profit (loss) | 9901 | €35,437 | €42,304 | +€6,867 | +19.4% |
| Financial income | 75/76B | €123 | - | -€123 | |
| Recurring financial income | 75 | €123 | - | -€123 | |
| Financial charges | 65/66B | €1,711 | €1,395 | -€317 | -18.5% |
| Recurring financial charges | 65 | €1,711 | €1,395 | -€317 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €33,849 | €40,909 | +€7,061 | +20.9% |
| Income taxes | 67/77 | €9,377 | €10,831 | +€1,453 | +15.5% |
| Profit (loss) for the period | 9904 | €24,471 | €30,079 | +€5,607 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,471 | €30,079 | +€5,607 | +22.9% |
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 11 October 2026 via checked.be.