San Francisco: 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.
San Francisco
Largest movements
- Receivables within one year -€25,816
down €25,816 (-98.8%), from €26,136 to €320
- Cash +€7,068
up €7,068 (+36.4%), from €19,416 to €26,484
mainly Receivables within one year (+€25,816) and Other debts (+€12,033)
- Tangible fixed assets -€1,685
down €1,685 (-36.2%), from €4,658 to €2,973
- Deferred charges and accrued income +€1,508
up €1,508 (+227%), from €664 to €2,173
- Profit (loss) carried forward -€14,684
new in 2025: -€14,684
- Tax, wage and social debts -€14,453
down €14,453 (-86.7%), from €16,669 to €2,217
- Other debts +€12,033
up €12,033 (+262%), from €4,594 to €16,628
- Reserves -€1,185
down €1,185 (-5.0%), from €23,723 to €22,538
- Trade debts -€537
down €537 (-19.2%), from €2,788 to €2,252
- Gross operating margin -€14,978
down €14,978, from €4,042 to -€10,936
- Staff costs +€1,348
new in 2025: €1,348
- Financial charges +€1,046
up €1,046 (+272%), from €384 to €1,430
- Taxes -€782
down €782 (-81.7%), from €957 to €175
- Depreciation +€395
up €395 (+30.6%), from €1,290 to €1,685
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,875 | €31,950 | -€18,925 | -37.2% |
| Fixed assets | 21/28 | €4,658 | €2,973 | -€1,685 | -36.2% |
| Tangible fixed assets | 22/27 | €4,658 | €2,973 | -€1,685 | -36.2% |
| Furniture and vehicles | 24 | €4,658 | €2,973 | -€1,685 | -36.2% |
| Current assets | 29/58 | €46,216 | €28,977 | -€17,240 | -37.3% |
| Amounts receivable within one year | 40/41 | €26,136 | €320 | -€25,816 | -98.8% |
| Trade receivables | 40 | €26,136 | €320 | -€25,816 | -98.8% |
| Cash at bank and in hand | 54/58 | €19,416 | €26,484 | +€7,068 | +36.4% |
| Deferred charges and accrued income | 490/1 | €664 | €2,173 | +€1,508 | +227% |
| Total equity and liabilities | 10/49 | €50,875 | €31,950 | -€18,925 | -37.2% |
| Equity | 10/15 | €26,723 | €10,854 | -€15,869 | -59.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,723 | €22,538 | -€1,185 | -5.0% |
| Distributable reserves | 133 | €23,723 | €22,538 | -€1,185 | -5.0% |
| Profit (loss) carried forward | 14 | - | -€14,684 | -€14,684 | |
| Amounts payable | 17/49 | €24,152 | €21,096 | -€3,056 | -12.7% |
| Amounts payable within one year | 42/48 | €24,052 | €21,096 | -€2,956 | -12.3% |
| Trade debts | 44 | €2,788 | €2,252 | -€537 | -19.2% |
| Suppliers | 440/4 | €2,788 | €2,252 | -€537 | -19.2% |
| Taxes, remuneration and social security | 45 | €16,669 | €2,217 | -€14,453 | -86.7% |
| Taxes | 450/3 | €16,669 | €2,217 | -€14,453 | -86.7% |
| Other amounts payable | 47/48 | €4,594 | €16,628 | +€12,033 | +262% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | - | €1,348 | +€1,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,685 | +€395 | +30.6% |
| Other operating charges | 640/8 | €226 | €295 | +€70 | +30.8% |
| Gross operating margin | 9900 | €4,042 | -€10,936 | -€14,978 | |
| Operating profit (loss) | 9901 | €2,526 | -€14,264 | -€16,790 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €384 | €1,430 | +€1,046 | +272% |
| Recurring financial charges | 65 | €384 | €1,430 | +€1,046 | +272% |
| Profit (loss) for the period before taxes | 9903 | €2,142 | -€15,694 | -€17,836 | |
| Income taxes | 67/77 | €957 | €175 | -€782 | -81.7% |
| Profit (loss) for the period | 9904 | €1,185 | -€15,869 | -€17,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,185 | -€15,869 | -€17,054 |
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 29 October 2026 via checked.be.