SF TRANSPORT: 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 TRANSPORT
Largest movements
- Receivables within one year -€187,322
down €187,322 (-99.6%), from €188,157 to €836
of which Trade receivables: -€187,625
- Financial fixed assets -€23,450
down €23,450 (-60.2%), from €38,950 to €15,500
- Debts after one year -€235,000
no longer reported in 2025 (was €235,000)
- Profit (loss) carried forward +€196,345
up €196,345, from -€193,315 to €3,030
- Trade debts -€119,032
down €119,032 (-97.6%), from €121,918 to €2,886
- Other debts -€39,744
down €39,744 (-98.4%), from €40,389 to €645
- Tax, wage and social debts -€14,104
no longer reported in 2025 (was €14,104)
- Gross operating margin +€207,634
up €207,634, from -€12,843 to €194,791
- Staff costs -€42,616
down €42,616, from €40,579 to -€2,036
- Financial income -€8,941
no longer reported in 2025 (was €8,941)
of which Non-recurring financial income: -€8,884
- Other operating charges -€6,461
down €6,461 (-95.8%), from €6,741 to €280
- Financial charges -€6,162
down €6,162 (-96.8%), from €6,365 to €203
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 | €228,096 | €16,561 | -€211,535 | -92.7% |
| Fixed assets | 21/28 | €38,950 | €15,500 | -€23,450 | -60.2% |
| Financial fixed assets | 28 | €38,950 | €15,500 | -€23,450 | -60.2% |
| Current assets | 29/58 | €189,146 | €1,061 | -€188,085 | -99.4% |
| Amounts receivable within one year | 40/41 | €188,157 | €836 | -€187,322 | -99.6% |
| Trade receivables | 40 | €187,625 | - | -€187,625 | |
| Other amounts receivable | 41 | €532 | €836 | +€303 | +57.0% |
| Cash at bank and in hand | 54/58 | €989 | €225 | -€764 | -77.2% |
| Total equity and liabilities | 10/49 | €228,096 | €16,561 | -€211,535 | -92.7% |
| Equity | 10/15 | -€183,315 | €13,030 | +€196,345 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,315 | €3,030 | +€196,345 | |
| Amounts payable | 17/49 | €411,411 | €3,531 | -€407,880 | -99.1% |
| Amounts payable after more than one year | 17 | €235,000 | - | -€235,000 | |
| Financial debts | 170/4 | €235,000 | - | -€235,000 | |
| Amounts payable within one year | 42/48 | €176,411 | €3,531 | -€172,880 | -98.0% |
| Trade debts | 44 | €121,918 | €2,886 | -€119,032 | -97.6% |
| Suppliers | 440/4 | €121,918 | €2,886 | -€119,032 | -97.6% |
| Taxes, remuneration and social security | 45 | €14,104 | - | -€14,104 | |
| Remuneration and social security | 454/9 | €14,104 | - | -€14,104 | |
| Other amounts payable | 47/48 | €40,389 | €645 | -€39,744 | -98.4% |
| Remuneration, social security and pensions | 62 | €40,579 | -€2,036 | -€42,616 | |
| Other operating charges | 640/8 | €6,741 | €280 | -€6,461 | -95.8% |
| Gross operating margin | 9900 | -€12,843 | €194,791 | +€207,634 | |
| Operating profit (loss) | 9901 | -€60,163 | €196,547 | +€256,711 | |
| Financial income | 75/76B | €8,941 | - | -€8,941 | |
| Recurring financial income | 75 | €58 | - | -€58 | |
| Non-recurring financial income | 76B | €8,884 | - | -€8,884 | |
| Financial charges | 65/66B | €6,365 | €203 | -€6,162 | -96.8% |
| Recurring financial charges | 65 | €6,365 | €203 | -€6,162 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,587 | €196,345 | +€253,931 | |
| Profit (loss) for the period | 9904 | -€57,587 | €196,345 | +€253,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,587 | €196,345 | +€253,931 |
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.