SFFS: 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.
SFFS
Largest movements
- Receivables within one year +€36,273
up €36,273 (+87.2%), from €41,591 to €77,864
of which Other amounts receivable: +€45,950
- Tangible fixed assets -€24,306
down €24,306 (-26.6%), from €91,415 to €67,109
of which Furniture and vehicles: -€24,480
- Cash -€17,207
down €17,207 (-83.8%), from €20,533 to €3,325
mainly Receivables within one year (-€36,273) and Contributions, distributions and other (-€35,107)
- Deferred charges and accrued income -€12,558
down €12,558 (-85.4%), from €14,707 to €2,149
- Debts after one year -€18,695
down €18,695 (-34.2%), from €54,742 to €36,047
- Other debts +€7,946
up €7,946 (+29.3%), from €27,161 to €35,107
- Current portion of long-term debt -€7,396
down €7,396 (-25.6%), from €28,853 to €21,457
- Accrued charges and deferred income -€3,614
down €3,614 (-98.9%), from €3,654 to €40
- Tax, wage and social debts +€2,143
up €2,143 (+7.7%), from €27,896 to €30,039
- Gross operating margin +€17,507
up €17,507 (+30.6%), from €57,300 to €74,807
- Financial income -€12,451
down €12,451 (-91.1%), from €13,664 to €1,212
- Depreciation -€3,837
down €3,837 (-13.0%), from €29,481 to €25,644
- Taxes +€2,224
up €2,224 (+22.9%), from €9,711 to €11,935
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 | €168,246 | €150,448 | -€17,798 | -10.6% |
| Fixed assets | 21/28 | €91,415 | €67,109 | -€24,306 | -26.6% |
| Tangible fixed assets | 22/27 | €91,415 | €67,109 | -€24,306 | -26.6% |
| Plant, machinery and equipment | 23 | €2,169 | €2,344 | +€175 | +8.1% |
| Furniture and vehicles | 24 | €89,246 | €64,766 | -€24,480 | -27.4% |
| Current assets | 29/58 | €76,831 | €83,339 | +€6,508 | +8.5% |
| Amounts receivable within one year | 40/41 | €41,591 | €77,864 | +€36,273 | +87.2% |
| Trade receivables | 40 | €41,591 | €31,914 | -€9,677 | -23.3% |
| Other amounts receivable | 41 | €0 | €45,950 | +€45,950 | |
| Cash at bank and in hand | 54/58 | €20,533 | €3,325 | -€17,207 | -83.8% |
| Deferred charges and accrued income | 490/1 | €14,707 | €2,149 | -€12,558 | -85.4% |
| Total equity and liabilities | 10/49 | €168,246 | €150,448 | -€17,798 | -10.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,646 | €131,848 | -€17,798 | -11.9% |
| Amounts payable after more than one year | 17 | €54,742 | €36,047 | -€18,695 | -34.2% |
| Financial debts | 170/4 | €54,742 | €36,047 | -€18,695 | -34.2% |
| Amounts payable within one year | 42/48 | €91,250 | €95,761 | +€4,511 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €28,853 | €21,457 | -€7,396 | -25.6% |
| Trade debts | 44 | €7,341 | €9,158 | +€1,817 | +24.8% |
| Suppliers | 440/4 | €7,341 | €9,158 | +€1,817 | +24.8% |
| Taxes, remuneration and social security | 45 | €27,896 | €30,039 | +€2,143 | +7.7% |
| Taxes | 450/3 | €27,896 | €30,039 | +€2,143 | +7.7% |
| Other amounts payable | 47/48 | €27,161 | €35,107 | +€7,946 | +29.3% |
| Accrued charges and deferred income | 492/3 | €3,654 | €40 | -€3,614 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,481 | €25,644 | -€3,837 | -13.0% |
| Other operating charges | 640/8 | €615 | €499 | -€115 | -18.8% |
| Non-recurring operating charges | 66A | €1,491 | €0 | -€1,491 | -100% |
| Gross operating margin | 9900 | €57,300 | €74,807 | +€17,507 | +30.6% |
| Operating profit (loss) | 9901 | €25,713 | €48,664 | +€22,951 | +89.3% |
| Financial income | 75/76B | €13,664 | €1,212 | -€12,451 | -91.1% |
| Recurring financial income | 75 | €13,664 | €1,212 | -€12,451 | -91.1% |
| Financial charges | 65/66B | €3,043 | €2,835 | -€208 | -6.8% |
| Recurring financial charges | 65 | €3,043 | €2,835 | -€208 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €36,334 | €47,042 | +€10,707 | +29.5% |
| Income taxes | 67/77 | €9,711 | €11,935 | +€2,224 | +22.9% |
| Profit (loss) for the period | 9904 | €26,623 | €35,107 | +€8,484 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,623 | €35,107 | +€8,484 | +31.9% |
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 31 October 2026 via checked.be.