SF CONSEIL: 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 CONSEIL
Largest movements
- Tangible fixed assets -€42,555
down €42,555 (-7.7%), from €550,019 to €507,464
- Cash +€38,129
up €38,129 (+201%), from €18,932 to €57,061
mainly Net result for the year (+€249,825) and Other debts (+€52,211)
- Other debts +€52,211
up €52,211 (+17.7%), from €295,178 to €347,389
- Debts after one year -€39,622
down €39,622 (-19.2%), from €206,354 to €166,732
- Reserves -€20,000
no longer reported in 2025 (was €20,000)
- Gross operating margin +€27,203
up €27,203 (+7.4%), from €366,060 to €393,263
- Taxes +€9,406
up €9,406 (+12.3%), from €76,773 to €86,179
- Depreciation -€6,375
down €6,375 (-12.0%), from €53,287 to €46,912
- Other operating charges -€4,446
down €4,446 (-48.0%), from €9,253 to €4,807
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 | €571,535 | €569,089 | -€2,446 | -0.4% |
| Fixed assets | 21/28 | €551,519 | €508,964 | -€42,555 | -7.7% |
| Tangible fixed assets | 22/27 | €550,019 | €507,464 | -€42,555 | -7.7% |
| Land and buildings | 22 | €353,893 | €343,750 | -€10,143 | -2.9% |
| Plant, machinery and equipment | 23 | €712 | €1,019 | +€307 | +43.1% |
| Furniture and vehicles | 24 | €79,800 | €59,201 | -€20,599 | -25.8% |
| Other tangible fixed assets | 26 | €115,614 | €103,494 | -€12,120 | -10.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €20,016 | €60,125 | +€40,109 | +200% |
| Cash at bank and in hand | 54/58 | €18,932 | €57,061 | +€38,129 | +201% |
| Deferred charges and accrued income | 490/1 | €1,084 | €3,064 | +€1,980 | +183% |
| Total equity and liabilities | 10/49 | €571,535 | €569,089 | -€2,446 | -0.4% |
| Equity | 10/15 | €24,233 | €3,100 | -€21,133 | -87.2% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €20,000 | - | -€20,000 | |
| Distributable reserves | 133 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €1,133 | - | -€1,133 | |
| Amounts payable | 17/49 | €547,302 | €565,989 | +€18,687 | +3.4% |
| Amounts payable after more than one year | 17 | €206,354 | €166,732 | -€39,622 | -19.2% |
| Financial debts | 170/4 | €206,354 | €166,732 | -€39,622 | -19.2% |
| Amounts payable within one year | 42/48 | €340,948 | €399,257 | +€58,309 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €38,657 | €39,623 | +€966 | +2.5% |
| Trade debts | 44 | €947 | €993 | +€46 | +4.9% |
| Suppliers | 440/4 | €947 | €993 | +€46 | +4.9% |
| Taxes, remuneration and social security | 45 | €6,166 | €11,252 | +€5,086 | +82.5% |
| Taxes | 450/3 | €6,166 | €11,252 | +€5,086 | +82.5% |
| Other amounts payable | 47/48 | €295,178 | €347,389 | +€52,211 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,287 | €46,912 | -€6,375 | -12.0% |
| Other operating charges | 640/8 | €9,253 | €4,807 | -€4,446 | -48.0% |
| Gross operating margin | 9900 | €366,060 | €393,263 | +€27,203 | +7.4% |
| Operating profit (loss) | 9901 | €303,520 | €341,544 | +€38,024 | +12.5% |
| Financial income | 75/76B | €14 | €33 | +€19 | +136% |
| Recurring financial income | 75 | €14 | €33 | +€19 | +136% |
| Financial charges | 65/66B | €5,680 | €5,573 | -€107 | -1.9% |
| Recurring financial charges | 65 | €5,680 | €5,573 | -€107 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €297,854 | €336,004 | +€38,150 | +12.8% |
| Income taxes | 67/77 | €76,773 | €86,179 | +€9,406 | +12.3% |
| Profit (loss) for the period | 9904 | €221,081 | €249,825 | +€28,744 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €221,081 | €249,825 | +€28,744 | +13.0% |
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 20 October 2026 via checked.be.