SF Solutions: what changed
Two fiscal 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 Solutions
Largest movements
- Receivables after one year -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Receivables within one year +€59,519
up €59,519 (+83.4%), from €71,397 to €130,915
of which Other amounts receivable: +€66,180
- Cash +€27,253
up €27,253 (+105.4%), from €25,846 to €53,099
mainly Net result for the year (+€87,280) and Receivables after one year (+€60,000)
- Deferred charges and accrued income +€6,333
up €6,333 (+40.0%), from €15,812 to €22,145
- Tangible fixed assets -€4,538
down €4,538 (-6.8%), from €66,385 to €61,847
of which Furniture and vehicles: -€2,726
- Profit (loss) carried forward +€69,280
up €69,280 (+43.2%), from €160,545 to €229,825
- Other debts -€42,000
down €42,000 (-70.0%), from €60,000 to €18,000
- Tax, wage and social debts +€5,167
up €5,167 (+48.1%), from €10,741 to €15,908
of which Taxes: +€6,905
- Gross operating margin +€16,210
up €16,210 (+16.2%), from €99,786 to €115,997
- Depreciation +€1,811
up €1,811 (+16.5%), from €10,990 to €12,801
- Financial income +€1,639
up €1,639 (+38.1%), from €4,307 to €5,946
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.
Cash bridge derived
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 | €239,440 | €268,006 | +€28,566 | +11.9% |
| Fixed assets | 21/28 | €66,385 | €61,847 | -€4,538 | -6.8% |
| Tangible fixed assets | 22/27 | €66,385 | €61,847 | -€4,538 | -6.8% |
| Land and buildings | 22 | €30,314 | €30,641 | +€327 | +1.1% |
| Plant, machinery and equipment | 23 | €3,813 | €2,763 | -€1,050 | -27.5% |
| Furniture and vehicles | 24 | €21,411 | €18,686 | -€2,726 | -12.7% |
| Other tangible fixed assets | 26 | €10,847 | €9,757 | -€1,089 | -10.0% |
| Current assets | 29/58 | €173,055 | €206,159 | +€33,104 | +19.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100.0% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €71,397 | €130,915 | +€59,519 | +83.4% |
| Trade receivables | 40 | €27,622 | €20,961 | -€6,661 | -24.1% |
| Other amounts receivable | 41 | €43,774 | €109,954 | +€66,180 | +151.2% |
| Cash at bank and in hand | 54/58 | €25,846 | €53,099 | +€27,253 | +105.4% |
| Deferred charges and accrued income | 490/1 | €15,812 | €22,145 | +€6,333 | +40.0% |
| Total equity and liabilities | 10/49 | €239,440 | €268,006 | +€28,566 | +11.9% |
| Equity | 10/15 | €163,545 | €232,825 | +€69,280 | +42.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,545 | €229,825 | +€69,280 | +43.2% |
| Amounts payable | 17/49 | €75,895 | €35,181 | -€40,714 | -53.6% |
| Amounts payable after more than one year | 17 | €890 | €0 | -€890 | -100.0% |
| Financial debts | 170/4 | €890 | €0 | -€890 | -100.0% |
| Amounts payable within one year | 42/48 | €75,005 | €35,181 | -€39,824 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €3,454 | €890 | -€2,564 | -74.2% |
| Trade debts | 44 | €810 | €383 | -€427 | -52.7% |
| Suppliers | 440/4 | €810 | €383 | -€427 | -52.7% |
| Taxes, remuneration and social security | 45 | €10,741 | €15,908 | +€5,167 | +48.1% |
| Taxes | 450/3 | €9,003 | €15,908 | +€6,905 | +76.7% |
| Remuneration and social security | 454/9 | €1,738 | €0 | -€1,738 | -100.0% |
| Other amounts payable | 47/48 | €60,000 | €18,000 | -€42,000 | -70.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,990 | €12,801 | +€1,811 | +16.5% |
| Other operating charges | 640/8 | €1,846 | €1,062 | -€784 | -42.5% |
| Gross operating margin | 9900 | €99,786 | €115,997 | +€16,210 | +16.2% |
| Operating profit (loss) | 9901 | €86,950 | €102,133 | +€15,184 | +17.5% |
| Financial income | 75/76B | €4,307 | €5,946 | +€1,639 | +38.1% |
| Recurring financial income | 75 | €4,307 | €5,946 | +€1,639 | +38.1% |
| Financial charges | 65/66B | €806 | €600 | -€206 | -25.5% |
| Recurring financial charges | 65 | €806 | €600 | -€206 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €90,451 | €107,479 | +€17,028 | +18.8% |
| Income taxes | 67/77 | €19,892 | €20,199 | +€307 | +1.5% |
| Profit (loss) for the period | 9904 | €70,559 | €87,280 | +€16,721 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,559 | €87,280 | +€16,721 | +23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.