S3M Consulting: 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.
S3M Consulting
Largest movements
- Receivables after one year -€63,733
down €63,733 (-27.8%), from €229,233 to €165,499
- Receivables within one year +€49,305
up €49,305 (+119%), from €41,263 to €90,568
of which Other amounts receivable: +€50,136
- Cash +€32,475
up €32,475 (+36.0%), from €90,111 to €122,586
mainly Receivables after one year (+€63,733) and Other debts (+€63,553)
- Tangible fixed assets -€26,583
down €26,583 (-10.1%), from €263,492 to €236,910
of which Land and buildings: -€36,480
- Other debts +€63,553
up €63,553 (+636%), from €10,000 to €73,553
- Debts after one year -€51,215
down €51,215 (-13.4%), from €381,080 to €329,866
- Reserves -€38,730
down €38,730 (-31.7%), from €122,354 to €83,624
- Tax, wage and social debts +€14,635
up €14,635 (+40.2%), from €36,434 to €51,069
of which Taxes: +€17,338
- Financial charges -€5,510
down €5,510 (-25.8%), from €21,368 to €15,858
- Taxes +€2,255
up €2,255 (+16.1%), from €13,967 to €16,222
- Gross operating margin +€2,204
up €2,204 (+2.2%), from €99,984 to €102,188
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 | €626,233 | €616,833 | -€9,400 | -1.5% |
| Fixed assets | 21/28 | €264,122 | €237,540 | -€26,583 | -10.1% |
| Tangible fixed assets | 22/27 | €263,492 | €236,910 | -€26,583 | -10.1% |
| Land and buildings | 22 | €252,324 | €215,844 | -€36,480 | -14.5% |
| Plant, machinery and equipment | 23 | €8,625 | €18,903 | +€10,278 | +119% |
| Furniture and vehicles | 24 | €2,543 | €2,163 | -€380 | -15.0% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €362,111 | €379,294 | +€17,183 | +4.7% |
| Amounts receivable after more than one year | 29 | €229,233 | €165,499 | -€63,733 | -27.8% |
| Other amounts receivable | 291 | €229,233 | €165,499 | -€63,733 | -27.8% |
| Amounts receivable within one year | 40/41 | €41,263 | €90,568 | +€49,305 | +119% |
| Trade receivables | 40 | €27,666 | €26,835 | -€831 | -3.0% |
| Other amounts receivable | 41 | €13,597 | €63,733 | +€50,136 | +369% |
| Cash at bank and in hand | 54/58 | €90,111 | €122,586 | +€32,475 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,505 | €640 | -€865 | -57.5% |
| Total equity and liabilities | 10/49 | €626,233 | €616,833 | -€9,400 | -1.5% |
| Equity | 10/15 | €140,954 | €102,224 | -€38,730 | -27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,354 | €83,624 | -€38,730 | -31.7% |
| Distributable reserves | 133 | €122,354 | €83,624 | -€38,730 | -31.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €485,279 | €514,610 | +€29,330 | +6.0% |
| Amounts payable after more than one year | 17 | €381,080 | €329,866 | -€51,215 | -13.4% |
| Financial debts | 170/4 | €381,080 | €329,866 | -€51,215 | -13.4% |
| Amounts payable within one year | 42/48 | €102,199 | €182,744 | +€80,545 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €49,312 | €51,215 | +€1,903 | +3.9% |
| Trade debts | 44 | €6,453 | €6,907 | +€454 | +7.0% |
| Suppliers | 440/4 | €6,453 | €6,907 | +€454 | +7.0% |
| Taxes, remuneration and social security | 45 | €36,434 | €51,069 | +€14,635 | +40.2% |
| Taxes | 450/3 | €33,731 | €51,069 | +€17,338 | +51.4% |
| Remuneration and social security | 454/9 | €2,703 | €0 | -€2,703 | -100% |
| Other amounts payable | 47/48 | €10,000 | €73,553 | +€63,553 | +636% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,191 | €40,481 | +€291 | +0.7% |
| Other operating charges | 640/8 | €3,360 | €3,474 | +€113 | +3.4% |
| Gross operating margin | 9900 | €99,984 | €102,188 | +€2,204 | +2.2% |
| Operating profit (loss) | 9901 | €56,433 | €58,233 | +€1,800 | +3.2% |
| Financial income | 75/76B | €5,877 | €5,551 | -€327 | -5.6% |
| Recurring financial income | 75 | €5,877 | €5,551 | -€327 | -5.6% |
| Financial charges | 65/66B | €21,368 | €15,858 | -€5,510 | -25.8% |
| Recurring financial charges | 65 | €21,368 | €15,858 | -€5,510 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €40,942 | €47,926 | +€6,984 | +17.1% |
| Income taxes | 67/77 | €13,967 | €16,222 | +€2,255 | +16.1% |
| Profit (loss) for the period | 9904 | €26,975 | €31,704 | +€4,729 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,975 | €31,704 | +€4,729 | +17.5% |
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 24 October 2026 via checked.be.