SF PRODUCTION: 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 PRODUCTION
Largest movements
- Receivables within one year +€4,606
new in 2025: €4,606
- Stocks and contracts +€2,000
up €2,000 (+12.3%), from €16,200 to €18,200
- Tangible fixed assets -€825
down €825 (-24.2%), from €3,410 to €2,584
of which Plant, machinery and equipment: -€895
- Cash +€728
up €728 (+39.0%), from €1,865 to €2,592
mainly Other debts (+€5,514) and Depreciation (+€2,182)
- Other debts +€5,514
up €5,514 (+19.2%), from €28,792 to €34,306
- Trade debts +€1,704
up €1,704 (+68.8%), from €2,475 to €4,178
- Advances received -€1,500
no longer reported in 2025 (was €1,500)
- Profit (loss) carried forward +€1,133
up €1,133 (+3.9%), from -€29,085 to -€27,952
- Tax, wage and social debts -€537
down €537 (-63.0%), from €852 to €315
- Gross operating margin +€17,452
up €17,452, from -€13,421 to €4,032
- Depreciation +€452
up €452 (+26.1%), from €1,730 to €2,182
- Other operating charges -€186
down €186 (-33.3%), from €557 to €372
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 | €23,125 | €29,439 | +€6,314 | +27.3% |
| Fixed assets | 21/28 | €3,410 | €2,584 | -€825 | -24.2% |
| Tangible fixed assets | 22/27 | €3,410 | €2,584 | -€825 | -24.2% |
| Plant, machinery and equipment | 23 | €1,300 | €405 | -€895 | -68.9% |
| Furniture and vehicles | 24 | €2,110 | €2,180 | +€70 | +3.3% |
| Current assets | 29/58 | €19,715 | €26,854 | +€7,139 | +36.2% |
| Stocks and contracts in progress | 3 | €16,200 | €18,200 | +€2,000 | +12.3% |
| Stocks | 30/36 | €16,200 | €18,200 | +€2,000 | +12.3% |
| Amounts receivable within one year | 40/41 | - | €4,606 | +€4,606 | |
| Trade receivables | 40 | - | €4,606 | +€4,606 | |
| Cash at bank and in hand | 54/58 | €1,865 | €2,592 | +€728 | +39.0% |
| Deferred charges and accrued income | 490/1 | €1,651 | €1,456 | -€195 | -11.8% |
| Total equity and liabilities | 10/49 | €23,125 | €29,439 | +€6,314 | +27.3% |
| Equity | 10/15 | -€10,493 | -€9,360 | +€1,133 | +10.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,085 | -€27,952 | +€1,133 | +3.9% |
| Amounts payable | 17/49 | €33,618 | €38,799 | +€5,181 | +15.4% |
| Amounts payable within one year | 42/48 | €33,618 | €38,799 | +€5,181 | +15.4% |
| Trade debts | 44 | €2,475 | €4,178 | +€1,704 | +68.8% |
| Suppliers | 440/4 | €2,475 | €4,178 | +€1,704 | +68.8% |
| Advances received on contracts in progress | 46 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €852 | €315 | -€537 | -63.0% |
| Taxes | 450/3 | €852 | €315 | -€537 | -63.0% |
| Other amounts payable | 47/48 | €28,792 | €34,306 | +€5,514 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,730 | €2,182 | +€452 | +26.1% |
| Other operating charges | 640/8 | €557 | €372 | -€186 | -33.3% |
| Gross operating margin | 9900 | -€13,421 | €4,032 | +€17,452 | |
| Operating profit (loss) | 9901 | -€15,708 | €1,479 | +€17,186 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €383 | €346 | -€37 | -9.6% |
| Recurring financial charges | 65 | €383 | €346 | -€37 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,090 | €1,133 | +€17,223 | |
| Profit (loss) for the period | 9904 | -€16,090 | €1,133 | +€17,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,090 | €1,133 | +€17,223 |
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 19 October 2026 via checked.be.