SA-FA BELGIUM: 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.
SA-FA BELGIUM
Largest movements
- Receivables within one year +€53,180
up €53,180 (+1,693%), from €3,141 to €56,321
- Cash -€6,412
down €6,412 (-35.4%), from €18,098 to €11,686
mainly Receivables within one year (-€53,180)
- Trade debts +€41,095
up €41,095 (+5,555%), from €740 to €41,834
- Profit (loss) carried forward +€4,793
up €4,793 (+30.9%), from €15,522 to €20,315
- Tax, wage and social debts +€872
up €872 (+14.6%), from €5,977 to €6,849
- Taxes +€919
up €919 (+287%), from €321 to €1,240
- Gross operating margin -€612
down €612 (-8.4%), from €7,265 to €6,653
- Other operating charges -€249
down €249 (-28.6%), from €869 to €620
- Financial income -€185
no longer reported in 2025 (was €185)
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 | €22,239 | €69,007 | +€46,768 | +210% |
| Current assets | 29/58 | €22,239 | €69,007 | +€46,768 | +210% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,141 | €56,321 | +€53,180 | +1,693% |
| Other amounts receivable | 41 | €3,141 | €56,321 | +€53,180 | +1,693% |
| Cash at bank and in hand | 54/58 | €18,098 | €11,686 | -€6,412 | -35.4% |
| Total equity and liabilities | 10/49 | €22,239 | €69,007 | +€46,768 | +210% |
| Equity | 10/15 | €15,522 | €20,315 | +€4,793 | +30.9% |
| Profit (loss) carried forward | 14 | €15,522 | €20,315 | +€4,793 | +30.9% |
| Amounts payable | 17/49 | €6,717 | €48,692 | +€41,975 | +625% |
| Amounts payable within one year | 42/48 | €6,717 | €48,692 | +€41,975 | +625% |
| Trade debts | 44 | €740 | €41,834 | +€41,095 | +5,555% |
| Suppliers | 440/4 | €740 | €41,834 | +€41,095 | +5,555% |
| Taxes, remuneration and social security | 45 | €5,977 | €6,849 | +€872 | +14.6% |
| Taxes | 450/3 | €5,977 | €6,849 | +€872 | +14.6% |
| Other amounts payable | 47/48 | - | €9 | +€9 | |
| Other operating charges | 640/8 | €869 | €620 | -€249 | -28.6% |
| Gross operating margin | 9900 | €7,265 | €6,653 | -€612 | -8.4% |
| Operating profit (loss) | 9901 | €6,396 | €6,032 | -€363 | -5.7% |
| Financial income | 75/76B | €185 | - | -€185 | |
| Recurring financial income | 75 | €185 | - | -€185 | |
| Financial charges | 65/66B | €16 | - | -€16 | |
| Recurring financial charges | 65 | €16 | - | -€16 | |
| Profit (loss) for the period before taxes | 9903 | €6,565 | €6,032 | -€532 | -8.1% |
| Income taxes | 67/77 | €321 | €1,240 | +€919 | +287% |
| Profit (loss) for the period | 9904 | €6,244 | €4,793 | -€1,451 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,244 | €4,793 | -€1,451 | -23.2% |
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.