SFAX: 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.
SFAX
Largest movements
- Receivables within one year +€73,735
up €73,735 (+121.9%), from €60,500 to €134,235
of which Other amounts receivable: +€44,875
- Cash -€18,054
down €18,054 (-96.0%), from €18,800 to €746
mainly Receivables within one year (-€73,735) and Trade debts (-€11,601)
- Tangible fixed assets -€2,047
down €2,047 (-30.3%), from €6,760 to €4,713
- Other debts +€51,563
up €51,563 (+24563.3%), from €210 to €51,773
- Profit (loss) carried forward +€16,103
up €16,103 (+35.1%), from €45,869 to €61,972
- Trade debts -€11,601
down €11,601 (-78.8%), from €14,713 to €3,112
- Tax, wage and social debts -€3,628
down €3,628 (-15.0%), from €24,167 to €20,539
- Gross operating margin +€29,711
up €29,711, from -€4,139 to €25,572
- Taxes +€5,295
up €5,295 (+600.3%), from €882 to €6,177
- Depreciation +€645
up €645 (+46.0%), from €1,402 to €2,047
- Financial charges +€391
up €391 (+127.5%), from €307 to €698
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,459 | €140,284 | +€52,825 | +60.4% |
| Fixed assets | 21/28 | €6,760 | €4,713 | -€2,047 | -30.3% |
| Tangible fixed assets | 22/27 | €6,760 | €4,713 | -€2,047 | -30.3% |
| Plant, machinery and equipment | 23 | €821 | €335 | -€486 | -59.2% |
| Furniture and vehicles | 24 | €3,179 | €2,178 | -€1,000 | -31.5% |
| Other tangible fixed assets | 26 | €2,760 | €2,200 | -€560 | -20.3% |
| Current assets | 29/58 | €80,699 | €135,571 | +€54,872 | +68.0% |
| Amounts receivable within one year | 40/41 | €60,500 | €134,235 | +€73,735 | +121.9% |
| Trade receivables | 40 | €60,500 | €89,360 | +€28,860 | +47.7% |
| Other amounts receivable | 41 | - | €44,875 | +€44,875 | |
| Cash at bank and in hand | 54/58 | €18,800 | €746 | -€18,054 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,399 | €591 | -€809 | -57.8% |
| Total equity and liabilities | 10/49 | €87,459 | €140,284 | +€52,825 | +60.4% |
| Equity | 10/15 | €48,369 | €64,472 | +€16,103 | +33.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,869 | €61,972 | +€16,103 | +35.1% |
| Amounts payable | 17/49 | €39,090 | €75,812 | +€36,722 | +93.9% |
| Amounts payable within one year | 42/48 | €39,090 | €75,425 | +€36,335 | +93.0% |
| Trade debts | 44 | €14,713 | €3,112 | -€11,601 | -78.8% |
| Suppliers | 440/4 | €14,713 | €3,112 | -€11,601 | -78.8% |
| Taxes, remuneration and social security | 45 | €24,167 | €20,539 | -€3,628 | -15.0% |
| Taxes | 450/3 | €24,167 | €20,539 | -€3,628 | -15.0% |
| Other amounts payable | 47/48 | €210 | €51,773 | +€51,563 | +24563.3% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €2,047 | +€645 | +46.0% |
| Other operating charges | 640/8 | €562 | €548 | -€14 | -2.4% |
| Gross operating margin | 9900 | -€4,139 | €25,572 | +€29,711 | |
| Operating profit (loss) | 9901 | -€6,102 | €22,978 | +€29,080 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1250.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1250.0% |
| Financial charges | 65/66B | €307 | €698 | +€391 | +127.5% |
| Recurring financial charges | 65 | €307 | €698 | +€391 | +127.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,409 | €22,281 | +€28,689 | |
| Income taxes | 67/77 | €882 | €6,177 | +€5,295 | +600.3% |
| Profit (loss) for the period | 9904 | -€7,291 | €16,103 | +€23,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,291 | €16,103 | +€23,394 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.