SFM & C: 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.
SFM & C
Largest movements
- Tangible fixed assets +€18,310
new in 2024: €18,310
- Cash -€4,563
down €4,563 (-21.5%), from €21,267 to €16,704
mainly Investment in fixed assets (net) (-€20,321) and Tax, wage and social debts (-€7,315)
- Receivables within one year +€2,823
up €2,823 (+19.7%), from €14,351 to €17,174
of which Other amounts receivable: +€4,023
- Trade debts +€12,153
up €12,153 (+1193.6%), from €1,018 to €13,171
- Debts after one year +€10,799
new in 2024: €10,799
- Tax, wage and social debts -€7,315
down €7,315 (-26.8%), from €27,290 to €19,975
of which Remuneration and social security: -€6,339
- Current portion of long-term debt +€4,885
new in 2024: €4,885
- Profit (loss) carried forward -€3,809
down €3,809, from €1,482 to -€2,327
- Gross operating margin -€2,344
down €2,344 (-90.6%), from €2,588 to €244
- Depreciation +€2,010
new in 2024: €2,010
- Financial charges +€1,234
up €1,234 (+3520.5%), from €35 to €1,269
- Taxes -€452
no longer reported in 2024 (was €452)
- Other operating charges +€155
up €155 (+25.0%), from €620 to €774
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 | €35,790 | €52,503 | +€16,713 | +46.7% |
| Fixed assets | 21/28 | - | €18,310 | +€18,310 | |
| Tangible fixed assets | 22/27 | - | €18,310 | +€18,310 | |
| Furniture and vehicles | 24 | - | €18,310 | +€18,310 | |
| Current assets | 29/58 | €35,790 | €34,193 | -€1,597 | -4.5% |
| Amounts receivable within one year | 40/41 | €14,351 | €17,174 | +€2,823 | +19.7% |
| Trade receivables | 40 | €13,396 | €12,196 | -€1,200 | -9.0% |
| Other amounts receivable | 41 | €956 | €4,978 | +€4,023 | +421.0% |
| Cash at bank and in hand | 54/58 | €21,267 | €16,704 | -€4,563 | -21.5% |
| Deferred charges and accrued income | 490/1 | €172 | €315 | +€144 | +83.6% |
| Total equity and liabilities | 10/49 | €35,790 | €52,503 | +€16,713 | +46.7% |
| Equity | 10/15 | €7,482 | €3,673 | -€3,809 | -50.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,482 | -€2,327 | -€3,809 | |
| Amounts payable | 17/49 | €28,308 | €48,830 | +€20,522 | +72.5% |
| Amounts payable after more than one year | 17 | - | €10,799 | +€10,799 | |
| Financial debts | 170/4 | - | €10,799 | +€10,799 | |
| Amounts payable within one year | 42/48 | €28,308 | €38,031 | +€9,723 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,885 | +€4,885 | |
| Trade debts | 44 | €1,018 | €13,171 | +€12,153 | +1193.6% |
| Suppliers | 440/4 | €1,018 | €13,171 | +€12,153 | +1193.6% |
| Taxes, remuneration and social security | 45 | €27,290 | €19,975 | -€7,315 | -26.8% |
| Taxes | 450/3 | €976 | - | -€976 | |
| Remuneration and social security | 454/9 | €26,314 | €19,975 | -€6,339 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,010 | +€2,010 | |
| Other operating charges | 640/8 | €620 | €774 | +€155 | +25.0% |
| Gross operating margin | 9900 | €2,588 | €244 | -€2,344 | -90.6% |
| Operating profit (loss) | 9901 | €1,969 | -€2,540 | -€4,509 | |
| Financial charges | 65/66B | €35 | €1,269 | +€1,234 | +3520.5% |
| Recurring financial charges | 65 | €35 | €1,269 | +€1,234 | +3520.5% |
| Profit (loss) for the period before taxes | 9903 | €1,934 | -€3,809 | -€5,743 | |
| Income taxes | 67/77 | €452 | - | -€452 | |
| Profit (loss) for the period | 9904 | €1,482 | -€3,809 | -€5,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,482 | -€3,809 | -€5,290 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.