SFK-CONSULT: 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.
SFK-CONSULT
Largest movements
- Tangible fixed assets +€93,170
up €93,170 (+531%), from €17,562 to €110,732
- Cash +€53,956
up €53,956 (+109%), from €49,490 to €103,446
mainly Net result for the year (+€64,106) and Current portion of long-term debt (+€29,909)
- Receivables within one year -€13,024
down €13,024 (-98.4%), from €13,239 to €215
of which Trade receivables: -€13,159
- Profit (loss) carried forward +€64,106
new in 2025: €64,106
- Current portion of long-term debt +€29,909
new in 2025: €29,909
- Debts after one year +€26,767
new in 2025: €26,767
- Tax, wage and social debts +€20,857
up €20,857 (+60.3%), from €34,564 to €55,420
of which Remuneration and social security: +€18,189
- Trade debts -€8,673
down €8,673 (-99.8%), from €8,691 to €18
- Gross operating margin +€214,421
up €214,421 (+340%), from €63,154 to €277,575
- Staff costs +€152,665
up €152,665 (+700%), from €21,809 to €174,474
- Depreciation +€14,467
up €14,467 (+420%), from €3,445 to €17,912
- Taxes +€6,644
up €6,644 (+65.8%), from €10,092 to €16,736
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 | €80,675 | €214,392 | +€133,717 | +166% |
| Formation expenses | 20 | €384 | €0 | -€384 | -100% |
| Fixed assets | 21/28 | €17,562 | €110,732 | +€93,170 | +531% |
| Tangible fixed assets | 22/27 | €17,562 | €110,732 | +€93,170 | +531% |
| Furniture and vehicles | 24 | €17,562 | €110,732 | +€93,170 | +531% |
| Current assets | 29/58 | €62,729 | €103,661 | +€40,931 | +65.3% |
| Amounts receivable within one year | 40/41 | €13,239 | €215 | -€13,024 | -98.4% |
| Trade receivables | 40 | €13,159 | €0 | -€13,159 | -100% |
| Other amounts receivable | 41 | €80 | €215 | +€135 | +169% |
| Cash at bank and in hand | 54/58 | €49,490 | €103,446 | +€53,956 | +109% |
| Total equity and liabilities | 10/49 | €80,675 | €214,392 | +€133,717 | +166% |
| Equity | 10/15 | €31,485 | €95,591 | +€64,106 | +204% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,485 | €26,485 | = | 0.0% |
| Distributable reserves | 133 | €26,485 | €26,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €64,106 | +€64,106 | |
| Amounts payable | 17/49 | €49,190 | €118,801 | +€69,611 | +142% |
| Amounts payable after more than one year | 17 | - | €26,767 | +€26,767 | |
| Financial debts | 170/4 | - | €26,767 | +€26,767 | |
| Amounts payable within one year | 42/48 | €49,190 | €92,035 | +€42,845 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | - | €29,909 | +€29,909 | |
| Trade debts | 44 | €8,691 | €18 | -€8,673 | -99.8% |
| Suppliers | 440/4 | €8,691 | €18 | -€8,673 | -99.8% |
| Taxes, remuneration and social security | 45 | €34,564 | €55,420 | +€20,857 | +60.3% |
| Taxes | 450/3 | €26,575 | €29,243 | +€2,668 | +10.0% |
| Remuneration and social security | 454/9 | €7,988 | €26,178 | +€18,189 | +228% |
| Other amounts payable | 47/48 | €5,935 | €6,688 | +€752 | +12.7% |
| Remuneration, social security and pensions | 62 | €21,809 | €174,474 | +€152,665 | +700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,445 | €17,912 | +€14,467 | +420% |
| Other operating charges | 640/8 | €340 | €2,278 | +€1,938 | +571% |
| Gross operating margin | 9900 | €63,154 | €277,575 | +€214,421 | +340% |
| Operating profit (loss) | 9901 | €37,561 | €82,912 | +€45,351 | +121% |
| Financial income | 75/76B | €1 | €1 | -€0 | -4.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -4.8% |
| Financial charges | 65/66B | €986 | €2,071 | +€1,086 | +110% |
| Recurring financial charges | 65 | €986 | €2,071 | +€1,086 | +110% |
| Profit (loss) for the period before taxes | 9903 | €36,577 | €80,842 | +€44,265 | +121% |
| Income taxes | 67/77 | €10,092 | €16,736 | +€6,644 | +65.8% |
| Profit (loss) for the period | 9904 | €26,485 | €64,106 | +€37,621 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €26,485 | €64,106 | +€37,621 | +142% |
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 16 October 2026 via checked.be.