S7B MANAGEMENT: 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.
S7B MANAGEMENT
Largest movements
- Receivables within one year -€195,377
down €195,377 (-82.5%), from €236,852 to €41,475
of which Other amounts receivable: -€210,783
- Cash -€46,868
down €46,868 (-10.4%), from €450,000 to €403,132
mainly Contributions, distributions and other (-€387,600) and Tax, wage and social debts (-€7,122)
- Current investments -€22,580
down €22,580 (-21.3%), from €105,975 to €83,395
- Tangible fixed assets -€11,472
down €11,472 (-35.0%), from €32,736 to €21,264
- Reserves -€372,952
down €372,952 (-46.3%), from €805,642 to €432,689
- Other debts +€89,889
new in 2025: €89,889
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Financial income -€615,104
down €615,104 (-99.3%), from €619,579 to €4,474
- Gross operating margin +€31,609
up €31,609 (+160.8%), from €19,661 to €51,270
- Taxes +€8,895
up €8,895 (+437.4%), from €2,034 to €10,929
- Depreciation +€2,490
up €2,490 (+27.7%), from €8,982 to €11,472
- Financial charges -€1,248
down €1,248 (-20.4%), from €6,112 to €4,864
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 | €825,563 | €549,266 | -€276,297 | -33.5% |
| Fixed assets | 21/28 | €32,736 | €21,264 | -€11,472 | -35.0% |
| Tangible fixed assets | 22/27 | €32,736 | €21,264 | -€11,472 | -35.0% |
| Furniture and vehicles | 24 | €32,736 | €21,264 | -€11,472 | -35.0% |
| Current assets | 29/58 | €792,827 | €528,002 | -€264,825 | -33.4% |
| Amounts receivable within one year | 40/41 | €236,852 | €41,475 | -€195,377 | -82.5% |
| Trade receivables | 40 | €13,874 | €29,279 | +€15,405 | +111.0% |
| Other amounts receivable | 41 | €222,978 | €12,196 | -€210,783 | -94.5% |
| Current investments | 50/53 | €105,975 | €83,395 | -€22,580 | -21.3% |
| Cash at bank and in hand | 54/58 | €450,000 | €403,132 | -€46,868 | -10.4% |
| Total equity and liabilities | 10/49 | €825,563 | €549,266 | -€276,297 | -33.5% |
| Equity | 10/15 | €811,842 | €451,289 | -€360,552 | -44.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €805,642 | €432,689 | -€372,952 | -46.3% |
| Distributable reserves | 133 | €805,642 | €432,689 | -€372,952 | -46.3% |
| Amounts payable | 17/49 | €13,721 | €97,977 | +€84,256 | +614.1% |
| Amounts payable within one year | 42/48 | €13,721 | €97,072 | +€83,351 | +607.5% |
| Trade debts | 44 | €915 | €1,499 | +€584 | +63.8% |
| Suppliers | 440/4 | €915 | €1,499 | +€584 | +63.8% |
| Taxes, remuneration and social security | 45 | €12,806 | €5,684 | -€7,122 | -55.6% |
| Taxes | 450/3 | €10,374 | €4,884 | -€5,490 | -52.9% |
| Remuneration and social security | 454/9 | €2,432 | €800 | -€1,632 | -67.1% |
| Other amounts payable | 47/48 | - | €89,889 | +€89,889 | |
| Accrued charges and deferred income | 492/3 | - | €905 | +€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,982 | €11,472 | +€2,490 | +27.7% |
| Other operating charges | 640/8 | €1,685 | €1,431 | -€254 | -15.1% |
| Gross operating margin | 9900 | €19,661 | €51,270 | +€31,609 | +160.8% |
| Operating profit (loss) | 9901 | €8,993 | €38,366 | +€29,373 | +326.6% |
| Financial income | 75/76B | €619,579 | €4,474 | -€615,104 | -99.3% |
| Recurring financial income | 75 | €619,579 | €4,474 | -€615,104 | -99.3% |
| Financial charges | 65/66B | €6,112 | €4,864 | -€1,248 | -20.4% |
| Recurring financial charges | 65 | €6,112 | €4,864 | -€1,248 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €622,460 | €37,977 | -€584,483 | -93.9% |
| Income taxes | 67/77 | €2,034 | €10,929 | +€8,895 | +437.4% |
| Profit (loss) for the period | 9904 | €620,426 | €27,048 | -€593,379 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €620,426 | €27,048 | -€593,379 | -95.6% |
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 10 October 2026 via checked.be.