SF DRIVEN: 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 DRIVEN
Largest movements
- Cash +€102,436
up €102,436 (+66.8%), from €153,249 to €255,686
mainly Net result for the year (+€101,663) and Depreciation (+€18,219)
- Tangible fixed assets -€18,219
down €18,219 (-26.6%), from €68,502 to €50,284
- Receivables within one year +€3,525
up €3,525 (+29.6%), from €11,910 to €15,434
of which Trade receivables: +€3,500
- Profit (loss) carried forward +€101,663
up €101,663 (+57.8%), from €175,767 to €277,430
- Debts after one year -€15,318
down €15,318 (-51.3%), from €29,872 to €14,554
- Gross operating margin +€13,000
up €13,000 (+9.5%), from €137,035 to €150,035
- Taxes +€3,102
up €3,102 (+12.4%), from €25,090 to €28,192
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 | €236,422 | €324,189 | +€87,767 | +37.1% |
| Fixed assets | 21/28 | €68,502 | €50,284 | -€18,219 | -26.6% |
| Tangible fixed assets | 22/27 | €68,502 | €50,284 | -€18,219 | -26.6% |
| Furniture and vehicles | 24 | €68,502 | €50,284 | -€18,219 | -26.6% |
| Current assets | 29/58 | €167,920 | €273,906 | +€105,986 | +63.1% |
| Amounts receivable within one year | 40/41 | €11,910 | €15,434 | +€3,525 | +29.6% |
| Trade receivables | 40 | €9,000 | €12,500 | +€3,500 | +38.9% |
| Other amounts receivable | 41 | €2,910 | €2,934 | +€25 | +0.8% |
| Cash at bank and in hand | 54/58 | €153,249 | €255,686 | +€102,436 | +66.8% |
| Deferred charges and accrued income | 490/1 | €2,761 | €2,786 | +€25 | +0.9% |
| Total equity and liabilities | 10/49 | €236,422 | €324,189 | +€87,767 | +37.1% |
| Equity | 10/15 | €178,267 | €279,930 | +€101,663 | +57.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,767 | €277,430 | +€101,663 | +57.8% |
| Amounts payable | 17/49 | €58,156 | €44,260 | -€13,896 | -23.9% |
| Amounts payable after more than one year | 17 | €29,872 | €14,554 | -€15,318 | -51.3% |
| Financial debts | 170/4 | €29,872 | €14,554 | -€15,318 | -51.3% |
| Amounts payable within one year | 42/48 | €28,283 | €29,705 | +€1,422 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €14,755 | €15,318 | +€563 | +3.8% |
| Financial debts | 43 | €172 | €0 | -€172 | -100% |
| Other loans | 439 | €172 | €0 | -€172 | -100% |
| Trade debts | 44 | €1,650 | €1,025 | -€625 | -37.9% |
| Suppliers | 440/4 | €1,650 | €1,025 | -€625 | -37.9% |
| Taxes, remuneration and social security | 45 | €10,969 | €12,358 | +€1,389 | +12.7% |
| Taxes | 450/3 | €10,969 | €12,358 | +€1,389 | +12.7% |
| Other amounts payable | 47/48 | €737 | €1,004 | +€267 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,219 | €18,219 | = | 0.0% |
| Other operating charges | 640/8 | €420 | €468 | +€48 | +11.4% |
| Gross operating margin | 9900 | €137,035 | €150,035 | +€13,000 | +9.5% |
| Operating profit (loss) | 9901 | €118,396 | €131,348 | +€12,952 | +10.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,035 | €1,494 | -€542 | -26.6% |
| Recurring financial charges | 65 | €2,035 | €1,494 | -€542 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €116,360 | €129,855 | +€13,494 | +11.6% |
| Income taxes | 67/77 | €25,090 | €28,192 | +€3,102 | +12.4% |
| Profit (loss) for the period | 9904 | €91,270 | €101,663 | +€10,392 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,270 | €101,663 | +€10,392 | +11.4% |
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 15 October 2026 via checked.be.