SF AMENAGEMENTS: 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 AMENAGEMENTS
Largest movements
- Tangible fixed assets -€23,020
down €23,020 (-26.1%), from €88,323 to €65,303
- Cash +€12,339
up €12,339 (+137%), from €9,005 to €21,344
mainly Depreciation (+€23,020) and Receivables within one year (+€11,439)
- Receivables within one year -€11,439
down €11,439 (-70.0%), from €16,344 to €4,905
of which Trade receivables: -€9,603
- Deferred charges and accrued income +€2,076
up €2,076 (+65.1%), from €3,191 to €5,266
- Debts after one year -€12,435
down €12,435 (-31.0%), from €40,065 to €27,630
- Current portion of long-term debt -€5,452
down €5,452 (-30.5%), from €17,887 to €12,435
- Tax, wage and social debts -€1,359
down €1,359 (-79.9%), from €1,701 to €342
- Gross operating margin +€20,026
up €20,026 (+356%), from €5,632 to €25,657
- Depreciation -€2,750
down €2,750 (-10.7%), from €25,770 to €23,020
- Financial charges -€839
down €839 (-26.7%), from €3,142 to €2,303
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 | €117,048 | €97,004 | -€20,044 | -17.1% |
| Fixed assets | 21/28 | €88,508 | €65,488 | -€23,020 | -26.0% |
| Tangible fixed assets | 22/27 | €88,323 | €65,303 | -€23,020 | -26.1% |
| Furniture and vehicles | 24 | €88,323 | €65,303 | -€23,020 | -26.1% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €28,540 | €31,516 | +€2,976 | +10.4% |
| Amounts receivable within one year | 40/41 | €16,344 | €4,905 | -€11,439 | -70.0% |
| Trade receivables | 40 | €13,420 | €3,816 | -€9,603 | -71.6% |
| Other amounts receivable | 41 | €2,925 | €1,089 | -€1,836 | -62.8% |
| Cash at bank and in hand | 54/58 | €9,005 | €21,344 | +€12,339 | +137% |
| Deferred charges and accrued income | 490/1 | €3,191 | €5,266 | +€2,076 | +65.1% |
| Total equity and liabilities | 10/49 | €117,048 | €97,004 | -€20,044 | -17.1% |
| Equity | 10/15 | €29,235 | €28,830 | -€405 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,881 | €46,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,021 | €45,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,846 | -€24,252 | -€405 | -1.7% |
| Amounts payable | 17/49 | €87,813 | €68,175 | -€19,639 | -22.4% |
| Amounts payable after more than one year | 17 | €40,065 | €27,630 | -€12,435 | -31.0% |
| Financial debts | 170/4 | €40,065 | €27,630 | -€12,435 | -31.0% |
| Amounts payable within one year | 42/48 | €47,748 | €40,545 | -€7,204 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €17,887 | €12,435 | -€5,452 | -30.5% |
| Trade debts | 44 | €3,056 | €2,353 | -€703 | -23.0% |
| Suppliers | 440/4 | €3,056 | €2,353 | -€703 | -23.0% |
| Taxes, remuneration and social security | 45 | €1,701 | €342 | -€1,359 | -79.9% |
| Taxes | 450/3 | €1,701 | €342 | -€1,359 | -79.9% |
| Other amounts payable | 47/48 | €25,104 | €25,414 | +€311 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,770 | €23,020 | -€2,750 | -10.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,632 | €25,657 | +€20,026 | +356% |
| Operating profit (loss) | 9901 | -€20,525 | €2,238 | +€22,763 | |
| Financial income | 75/76B | €1 | €2 | +€1 | +54.6% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +54.6% |
| Financial charges | 65/66B | €3,142 | €2,303 | -€839 | -26.7% |
| Recurring financial charges | 65 | €3,142 | €2,303 | -€839 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,666 | -€63 | +€23,603 | +99.7% |
| Income taxes | 67/77 | €338 | €342 | +€4 | +1.1% |
| Profit (loss) for the period | 9904 | -€24,005 | -€405 | +€23,600 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,005 | -€405 | +€23,600 | +98.3% |
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 17 October 2026 via checked.be.