SFA CONCEPT: 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.
SFA CONCEPT
Largest movements
- Cash +€21,242
up €21,242 (+68.2%), from €31,153 to €52,395
mainly Net result for the year (+€86,370) and Other debts (+€7,067)
- Reserves +€86,370
up €86,370 (+681.6%), from €12,671 to €99,041
- Debts after one year -€75,468
down €75,468 (-9.1%), from €832,532 to €757,064
- Financial income +€66,000
up €66,000 (+66000240.0%), from €0 to €66,000
of which Non-recurring financial income: +€66,000
- Gross operating margin +€7,138
up €7,138 (+19.4%), from €36,817 to €43,956
- Taxes +€2,830
up €2,830 (+61.9%), from €4,572 to €7,401
- Depreciation -€2,649
down €2,649 (-92.4%), from €2,866 to €217
- Financial charges -€741
down €741 (-4.4%), from €16,709 to €15,968
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 | €1,001,350 | €1,023,004 | +€21,654 | +2.2% |
| Fixed assets | 21/28 | €970,000 | €970,609 | +€609 | +0.1% |
| Tangible fixed assets | 22/27 | - | €609 | +€609 | |
| Furniture and vehicles | 24 | - | €609 | +€609 | |
| Financial fixed assets | 28 | €970,000 | €970,000 | = | 0.0% |
| Current assets | 29/58 | €31,350 | €52,395 | +€21,045 | +67.1% |
| Amounts receivable within one year | 40/41 | €197 | - | -€197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Cash at bank and in hand | 54/58 | €31,153 | €52,395 | +€21,242 | +68.2% |
| Total equity and liabilities | 10/49 | €1,001,350 | €1,023,004 | +€21,654 | +2.2% |
| Equity | 10/15 | €16,671 | €103,041 | +€86,370 | +518.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €12,671 | €99,041 | +€86,370 | +681.6% |
| Distributable reserves | 133 | €12,671 | €99,041 | +€86,370 | +681.6% |
| Amounts payable | 17/49 | €984,679 | €919,963 | -€64,716 | -6.6% |
| Amounts payable after more than one year | 17 | €832,532 | €757,064 | -€75,468 | -9.1% |
| Other amounts payable | 178/9 | €832,532 | €757,064 | -€75,468 | -9.1% |
| Amounts payable within one year | 42/48 | €152,147 | €162,899 | +€10,752 | +7.1% |
| Trade debts | 44 | €194 | €1,306 | +€1,112 | +573.5% |
| Suppliers | 440/4 | €194 | €1,306 | +€1,112 | +573.5% |
| Taxes, remuneration and social security | 45 | €10,423 | €12,996 | +€2,573 | +24.7% |
| Taxes | 450/3 | €10,423 | €10,916 | +€492 | +4.7% |
| Remuneration and social security | 454/9 | - | €2,080 | +€2,080 | |
| Other amounts payable | 47/48 | €141,530 | €148,597 | +€7,067 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,866 | €217 | -€2,649 | -92.4% |
| Gross operating margin | 9900 | €36,817 | €43,956 | +€7,138 | +19.4% |
| Operating profit (loss) | 9901 | €33,951 | €43,738 | +€9,787 | +28.8% |
| Financial income | 75/76B | €0 | €66,000 | +€66,000 | +66000240.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +240.0% |
| Non-recurring financial income | 76B | - | €66,000 | +€66,000 | |
| Financial charges | 65/66B | €16,709 | €15,968 | -€741 | -4.4% |
| Recurring financial charges | 65 | €16,709 | €15,968 | -€741 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €17,242 | €93,771 | +€76,529 | +443.8% |
| Income taxes | 67/77 | €4,572 | €7,401 | +€2,830 | +61.9% |
| Profit (loss) for the period | 9904 | €12,671 | €86,370 | +€73,699 | +581.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,671 | €86,370 | +€73,699 | +581.6% |
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 11 October 2026 via checked.be.