SA & SZB: 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.
SA & SZB
Largest movements
- Intangible fixed assets -€1,500
down €1,500 (-25.0%), from €6,000 to €4,500
- Receivables within one year -€1,307
down €1,307 (-12.7%), from €10,323 to €9,017
- Tangible fixed assets -€681
down €681 (-25.7%), from €2,654 to €1,973
- Trade debts -€7,241
down €7,241 (-51.4%), from €14,084 to €6,843
- Profit (loss) carried forward +€2,555
up €2,555 (+14.3%), from -€17,827 to -€15,272
- Tax, wage and social debts +€901
up €901 (+4.8%), from €18,821 to €19,722
of which Taxes: +€705
- Purchases and services -€122,234
no longer reported in 2025 (was €122,234)
- Gross operating margin +€3,685
up €3,685 (+19.8%), from €18,595 to €22,280
- Staff costs -€3,362
down €3,362 (-16.5%), from €20,400 to €17,037
- Depreciation +€274
up €274 (+14.3%), from €1,908 to €2,181
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 | €37,753 | €33,968 | -€3,785 | -10.0% |
| Fixed assets | 21/28 | €8,804 | €6,623 | -€2,181 | -24.8% |
| Intangible fixed assets | 21 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Tangible fixed assets | 22/27 | €2,654 | €1,973 | -€681 | -25.7% |
| Furniture and vehicles | 24 | €2,654 | €1,973 | -€681 | -25.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €28,949 | €27,345 | -€1,603 | -5.5% |
| Stocks and contracts in progress | 3 | €3,213 | €3,213 | = | 0.0% |
| Stocks | 30/36 | €3,213 | €3,213 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,323 | €9,017 | -€1,307 | -12.7% |
| Other amounts receivable | 41 | €10,323 | €9,017 | -€1,307 | -12.7% |
| Cash at bank and in hand | 54/58 | €15,412 | €15,115 | -€297 | -1.9% |
| Total equity and liabilities | 10/49 | €37,753 | €33,968 | -€3,785 | -10.0% |
| Equity | 10/15 | €2,173 | €4,728 | +€2,555 | +117.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,827 | -€15,272 | +€2,555 | +14.3% |
| Amounts payable | 17/49 | €35,580 | €29,240 | -€6,340 | -17.8% |
| Amounts payable within one year | 42/48 | €35,580 | €29,240 | -€6,340 | -17.8% |
| Trade debts | 44 | €14,084 | €6,843 | -€7,241 | -51.4% |
| Suppliers | 440/4 | €14,084 | €6,843 | -€7,241 | -51.4% |
| Taxes, remuneration and social security | 45 | €18,821 | €19,722 | +€901 | +4.8% |
| Taxes | 450/3 | €85 | €790 | +€705 | +833.9% |
| Remuneration and social security | 454/9 | €18,736 | €18,932 | +€195 | +1.0% |
| Other amounts payable | 47/48 | €2,675 | €2,675 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €122,234 | - | -€122,234 | |
| Remuneration, social security and pensions | 62 | €20,400 | €17,037 | -€3,362 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,908 | €2,181 | +€274 | +14.3% |
| Other operating charges | 640/8 | €387 | €410 | +€22 | +5.7% |
| Gross operating margin | 9900 | €18,595 | €22,280 | +€3,685 | +19.8% |
| Operating profit (loss) | 9901 | -€4,100 | €2,652 | +€6,752 | |
| Financial income | 75/76B | €100 | €0 | -€100 | -100.0% |
| Recurring financial income | 75 | €100 | €0 | -€100 | -100.0% |
| Non-recurring financial income | 76B | €100 | - | -€100 | |
| Financial charges | 65/66B | €123 | €97 | -€26 | -21.5% |
| Recurring financial charges | 65 | €123 | €97 | -€26 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,123 | €2,555 | +€6,678 | |
| Profit (loss) for the period | 9904 | -€4,123 | €2,555 | +€6,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,123 | €2,555 | +€6,678 |
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 4 October 2026 via checked.be.