SFIN Advisory: 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.
SFIN Advisory
Largest movements
- Receivables within one year +€13,399
up €13,399 (+41.9%), from €31,965 to €45,364
- Receivables after one year +€3,830
up €3,830 (+13.4%), from €28,475 to €32,305
of which Other amounts receivable: +€32,305
- Tangible fixed assets -€2,757
down €2,757 (-11.8%), from €23,368 to €20,611
- Reserves +€10,685
up €10,685 (+14.3%), from €74,685 to €85,370
- Tax, wage and social debts +€6,682
up €6,682 (+10.5%), from €63,842 to €70,524
- Trade debts -€3,282
down €3,282 (-96.7%), from €3,393 to €111
- Gross operating margin +€15,756
up €15,756 (+15.1%), from €104,113 to €119,869
- Taxes +€4,609
up €4,609 (+20.7%), from €22,280 to €26,889
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 | €144,920 | €159,005 | +€14,085 | +9.7% |
| Fixed assets | 21/28 | €23,368 | €20,611 | -€2,757 | -11.8% |
| Tangible fixed assets | 22/27 | €23,368 | €20,611 | -€2,757 | -11.8% |
| Furniture and vehicles | 24 | €23,368 | €20,611 | -€2,757 | -11.8% |
| Current assets | 29/58 | €121,552 | €138,394 | +€16,842 | +13.9% |
| Amounts receivable after more than one year | 29 | €28,475 | €32,305 | +€3,830 | +13.4% |
| Trade receivables | 290 | €28,475 | - | -€28,475 | |
| Other amounts receivable | 291 | - | €32,305 | +€32,305 | |
| Amounts receivable within one year | 40/41 | €31,965 | €45,364 | +€13,399 | +41.9% |
| Trade receivables | 40 | €31,965 | €45,364 | +€13,399 | +41.9% |
| Cash at bank and in hand | 54/58 | €61,111 | €60,725 | -€386 | -0.6% |
| Total equity and liabilities | 10/49 | €144,920 | €159,005 | +€14,085 | +9.7% |
| Equity | 10/15 | €77,685 | €88,370 | +€10,685 | +13.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,685 | €85,370 | +€10,685 | +14.3% |
| Distributable reserves | 133 | €74,685 | €85,370 | +€10,685 | +14.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €67,235 | €70,635 | +€3,400 | +5.1% |
| Amounts payable within one year | 42/48 | €67,235 | €70,635 | +€3,400 | +5.1% |
| Trade debts | 44 | €3,393 | €111 | -€3,282 | -96.7% |
| Suppliers | 440/4 | €3,393 | €111 | -€3,282 | -96.7% |
| Taxes, remuneration and social security | 45 | €63,842 | €70,524 | +€6,682 | +10.5% |
| Taxes | 450/3 | €63,842 | €70,524 | +€6,682 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,483 | €6,815 | +€331 | +5.1% |
| Other operating charges | 640/8 | €780 | €885 | +€105 | +13.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €104,113 | €119,869 | +€15,756 | +15.1% |
| Operating profit (loss) | 9901 | €96,850 | €112,169 | +€15,319 | +15.8% |
| Financial income | 75/76B | €653 | €208 | -€444 | -68.1% |
| Recurring financial income | 75 | €653 | €208 | -€444 | -68.1% |
| Financial charges | 65/66B | €537 | €118 | -€419 | -78.1% |
| Recurring financial charges | 65 | €406 | €118 | -€288 | -71.0% |
| Non-recurring financial charges | 66B | €131 | - | -€131 | |
| Profit (loss) for the period before taxes | 9903 | €96,965 | €112,259 | +€15,294 | +15.8% |
| Income taxes | 67/77 | €22,280 | €26,889 | +€4,609 | +20.7% |
| Profit (loss) for the period | 9904 | €74,685 | €85,370 | +€10,685 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,685 | €85,370 | +€10,685 | +14.3% |
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 22 October 2026 via checked.be.