SF Accounting: 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.
SF Accounting
Largest movements
- Deferred charges and accrued income -€5,525
down €5,525 (-31.6%), from €17,496 to €11,971
- Receivables within one year +€3,408
up €3,408 (+119%), from €2,860 to €6,268
- Debts after one year -€18,743
down €18,743 (-56.8%), from €33,026 to €14,283
- Profit (loss) carried forward +€14,140
up €14,140 (+19.7%), from €71,859 to €85,999
- Tax, wage and social debts +€7,451
up €7,451 (+89.1%), from €8,363 to €15,814
of which Taxes: +€3,801
- Trade debts -€2,671
down €2,671 (-61.4%), from €4,352 to €1,681
- Gross operating margin +€5,366
up €5,366 (+33.0%), from €16,267 to €21,633
- Taxes -€4,244
down €4,244 (-47.2%), from €8,984 to €4,740
- Financial charges -€350
down €350 (-26.8%), from €1,305 to €955
- Depreciation +€302
up €302 (+26.4%), from €1,142 to €1,444
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 | €206,068 | €204,738 | -€1,329 | -0.6% |
| Fixed assets | 21/28 | €184,647 | €185,353 | +€706 | +0.4% |
| Tangible fixed assets | 22/27 | €4,647 | €5,353 | +€706 | +15.2% |
| Plant, machinery and equipment | 23 | €3,340 | €4,569 | +€1,229 | +36.8% |
| Furniture and vehicles | 24 | €1,307 | €784 | -€523 | -40.0% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €21,421 | €19,385 | -€2,036 | -9.5% |
| Amounts receivable within one year | 40/41 | €2,860 | €6,268 | +€3,408 | +119% |
| Trade receivables | 40 | €2,860 | €6,268 | +€3,408 | +119% |
| Cash at bank and in hand | 54/58 | €1,066 | €1,147 | +€81 | +7.6% |
| Deferred charges and accrued income | 490/1 | €17,496 | €11,971 | -€5,525 | -31.6% |
| Total equity and liabilities | 10/49 | €206,068 | €204,738 | -€1,329 | -0.6% |
| Equity | 10/15 | €81,859 | €95,999 | +€14,140 | +17.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,859 | €85,999 | +€14,140 | +19.7% |
| Amounts payable | 17/49 | €124,208 | €108,739 | -€15,469 | -12.5% |
| Amounts payable after more than one year | 17 | €33,026 | €14,283 | -€18,743 | -56.8% |
| Financial debts | 170/4 | €33,026 | €14,283 | -€18,743 | -56.8% |
| Amounts payable within one year | 42/48 | €91,183 | €94,456 | +€3,273 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €18,404 | €18,743 | +€339 | +1.8% |
| Trade debts | 44 | €4,352 | €1,681 | -€2,671 | -61.4% |
| Suppliers | 440/4 | €4,352 | €1,681 | -€2,671 | -61.4% |
| Taxes, remuneration and social security | 45 | €8,363 | €15,814 | +€7,451 | +89.1% |
| Taxes | 450/3 | €8,363 | €12,164 | +€3,801 | +45.5% |
| Remuneration and social security | 454/9 | - | €3,650 | +€3,650 | |
| Other amounts payable | 47/48 | €60,064 | €58,218 | -€1,846 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,142 | €1,444 | +€302 | +26.4% |
| Other operating charges | 640/8 | €182 | €355 | +€173 | +95.3% |
| Gross operating margin | 9900 | €16,267 | €21,633 | +€5,366 | +33.0% |
| Operating profit (loss) | 9901 | €14,943 | €19,834 | +€4,891 | +32.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,305 | €955 | -€350 | -26.8% |
| Recurring financial charges | 65 | €1,305 | €955 | -€350 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €13,639 | €18,879 | +€5,241 | +38.4% |
| Income taxes | 67/77 | €8,984 | €4,740 | -€4,244 | -47.2% |
| Profit (loss) for the period | 9904 | €4,655 | €14,140 | +€9,485 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €4,655 | €14,140 | +€9,485 | +204% |
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 23 October 2026 via checked.be.