S4BM: what changed
Two fiscal 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.
S4BM
Largest movements
- Receivables within one year +€159
new in 2025: €159
- Cash +€137
up €137 (+7577.3%), from €2 to €139
mainly Other debts (+€2,155) and Trade debts (+€1,739)
- Profit (loss) carried forward -€3,598
down €3,598 (-4.5%), from -€79,712 to -€83,310
- Other debts +€2,155
up €2,155 (+3.0%), from €73,027 to €75,182
- Trade debts +€1,739
up €1,739 (+357.0%), from €487 to €2,226
- Other operating charges -€1,065
down €1,065 (-67.2%), from €1,585 to €520
- Financial charges -€196
down €196 (-81.3%), from €241 to €45
- Gross operating margin -€69
down €69 (-2.3%), from -€2,964 to -€3,034
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 | €2 | €298 | +€296 | +16338.1% |
| Current assets | 29/58 | €2 | €298 | +€296 | +16338.1% |
| Amounts receivable within one year | 40/41 | - | €159 | +€159 | |
| Other amounts receivable | 41 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €2 | €139 | +€137 | +7577.3% |
| Total equity and liabilities | 10/49 | €2 | €298 | +€296 | +16338.1% |
| Equity | 10/15 | -€73,512 | -€77,110 | -€3,598 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,712 | -€83,310 | -€3,598 | -4.5% |
| Amounts payable | 17/49 | €73,514 | €77,408 | +€3,894 | +5.3% |
| Amounts payable within one year | 42/48 | €73,514 | €77,408 | +€3,894 | +5.3% |
| Trade debts | 44 | €487 | €2,226 | +€1,739 | +357.0% |
| Suppliers | 440/4 | €487 | €2,226 | +€1,739 | +357.0% |
| Other amounts payable | 47/48 | €73,027 | €75,182 | +€2,155 | +3.0% |
| Other operating charges | 640/8 | €1,585 | €520 | -€1,065 | -67.2% |
| Gross operating margin | 9900 | -€2,964 | -€3,034 | -€69 | -2.3% |
| Operating profit (loss) | 9901 | -€4,549 | -€3,553 | +€996 | +21.9% |
| Financial charges | 65/66B | €241 | €45 | -€196 | -81.3% |
| Recurring financial charges | 65 | €241 | €45 | -€196 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,790 | -€3,598 | +€1,192 | +24.9% |
| Profit (loss) for the period | 9904 | -€4,790 | -€3,598 | +€1,192 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,790 | -€3,598 | +€1,192 | +24.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.