SFdT GROUP: 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.
SFdT GROUP
Largest movements
- Cash -€21,788
down €21,788 (-96.7%), from €22,530 to €742
mainly Net result for the year (-€17,643) and Receivables within one year (-€5,529)
- Receivables within one year +€5,529
up €5,529 (+192%), from €2,883 to €8,412
of which Trade receivables: +€3,716
- Intangible fixed assets -€2,224
down €2,224 (-26.2%), from €8,494 to €6,270
- Tangible fixed assets -€803
down €803 (-36.6%), from €2,195 to €1,392
of which Furniture and vehicles: -€562
- Profit (loss) carried forward -€17,643
down €17,643 (-36.4%), from -€48,427 to -€66,070
- Trade debts -€4,390
down €4,390 (-96.0%), from €4,572 to €182
- Tax, wage and social debts +€3,187
up €3,187 (+1,167%), from €273 to €3,460
- Gross operating margin +€13,053
up €13,053 (+57.1%), from -€22,874 to -€9,821
- Financial charges +€3,946
up €3,946 (+1,165%), from €339 to €4,285
- Depreciation +€244
up €244 (+8.8%), from €2,783 to €3,027
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 | €54,255 | €35,088 | -€19,167 | -35.3% |
| Fixed assets | 21/28 | €10,989 | €8,262 | -€2,727 | -24.8% |
| Intangible fixed assets | 21 | €8,494 | €6,270 | -€2,224 | -26.2% |
| Tangible fixed assets | 22/27 | €2,195 | €1,392 | -€803 | -36.6% |
| Plant, machinery and equipment | 23 | €1,142 | €901 | -€241 | -21.1% |
| Furniture and vehicles | 24 | €1,053 | €491 | -€562 | -53.4% |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100% |
| Current assets | 29/58 | €43,266 | €26,826 | -€16,441 | -38.0% |
| Stocks and contracts in progress | 3 | €17,672 | €17,672 | = | 0.0% |
| Stocks | 30/36 | €17,672 | €17,672 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,883 | €8,412 | +€5,529 | +192% |
| Trade receivables | 40 | €275 | €3,992 | +€3,716 | +1,350% |
| Other amounts receivable | 41 | €2,608 | €4,421 | +€1,813 | +69.5% |
| Cash at bank and in hand | 54/58 | €22,530 | €742 | -€21,788 | -96.7% |
| Deferred charges and accrued income | 490/1 | €182 | €0 | -€182 | -100% |
| Total equity and liabilities | 10/49 | €54,255 | €35,088 | -€19,167 | -35.3% |
| Equity | 10/15 | -€28,427 | -€46,070 | -€17,643 | -62.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,427 | -€66,070 | -€17,643 | -36.4% |
| Amounts payable | 17/49 | €82,683 | €81,158 | -€1,525 | -1.8% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,995 | €5,443 | -€1,552 | -22.2% |
| Financial debts | 43 | €110 | €20 | -€90 | -81.8% |
| Credit institutions | 430/8 | €110 | €20 | -€90 | -81.8% |
| Trade debts | 44 | €4,572 | €182 | -€4,390 | -96.0% |
| Suppliers | 440/4 | €4,572 | €182 | -€4,390 | -96.0% |
| Taxes, remuneration and social security | 45 | €273 | €3,460 | +€3,187 | +1,167% |
| Taxes | 450/3 | €273 | €3,460 | +€3,187 | +1,167% |
| Other amounts payable | 47/48 | €2,041 | €1,781 | -€260 | -12.7% |
| Accrued charges and deferred income | 492/3 | €688 | €715 | +€28 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | €3,027 | +€244 | +8.8% |
| Other operating charges | 640/8 | €737 | €595 | -€141 | -19.2% |
| Gross operating margin | 9900 | -€22,874 | -€9,821 | +€13,053 | +57.1% |
| Operating profit (loss) | 9901 | -€26,393 | -€13,443 | +€12,950 | +49.1% |
| Financial income | 75/76B | €0 | €85 | +€85 | |
| Recurring financial income | 75 | €0 | €85 | +€85 | |
| Financial charges | 65/66B | €339 | €4,285 | +€3,946 | +1,165% |
| Recurring financial charges | 65 | €339 | €4,285 | +€3,946 | +1,165% |
| Profit (loss) for the period before taxes | 9903 | -€26,732 | -€17,643 | +€9,089 | +34.0% |
| Income taxes | 67/77 | €23 | €0 | -€23 | -100% |
| Profit (loss) for the period | 9904 | -€26,755 | -€17,643 | +€9,112 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,755 | -€17,643 | +€9,112 | +34.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.