SFnP: 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.
SFnP
Largest movements
- Cash +€77,799
new in 2025: €77,799
mainly Net result for the year (+€116,127) and Tax, wage and social debts (+€30,423)
- Tangible fixed assets +€64,444
new in 2025: €64,444
of which Furniture and vehicles: +€47,999
- Stocks and contracts +€26,818
new in 2025: €26,818
- Receivables within one year +€16,967
up €16,967 (+3818.8%), from €444 to €17,411
of which Trade receivables: +€13,390
- Reserves +€67,609
new in 2025: €67,609
- Profit (loss) carried forward +€48,518
up €48,518, from -€48,518 to €0
- Tax, wage and social debts +€30,423
new in 2025: €30,423
- Debts after one year +€27,813
up €27,813 (+79.5%), from €35,000 to €62,813
of which Financial debts: +€27,813
- Current portion of long-term debt +€7,280
new in 2025: €7,280
- Gross operating margin +€170,408
up €170,408, from -€3,405 to €167,003
- Taxes +€38,516
new in 2025: €38,516
- Depreciation +€7,807
new in 2025: €7,807
- Financial charges +€4,264
up €4,264 (+55239.1%), from €8 to €4,272
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.
Cash bridge derived
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 | €444 | €187,313 | +€186,869 | +42059.1% |
| Fixed assets | 21/28 | - | €64,444 | +€64,444 | |
| Tangible fixed assets | 22/27 | - | €64,444 | +€64,444 | |
| Plant, machinery and equipment | 23 | - | €16,445 | +€16,445 | |
| Furniture and vehicles | 24 | - | €47,999 | +€47,999 | |
| Current assets | 29/58 | €444 | €122,869 | +€122,425 | +27554.5% |
| Stocks and contracts in progress | 3 | - | €26,818 | +€26,818 | |
| Stocks | 30/36 | - | €26,818 | +€26,818 | |
| Amounts receivable within one year | 40/41 | €444 | €17,411 | +€16,967 | +3818.8% |
| Trade receivables | 40 | - | €13,390 | +€13,390 | |
| Other amounts receivable | 41 | €444 | €4,021 | +€3,577 | +805.0% |
| Cash at bank and in hand | 54/58 | - | €77,799 | +€77,799 | |
| Deferred charges and accrued income | 490/1 | - | €841 | +€841 | |
| Total equity and liabilities | 10/49 | €444 | €187,313 | +€186,869 | +42059.1% |
| Equity | 10/15 | -€42,318 | €73,809 | +€116,127 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €67,609 | +€67,609 | |
| Distributable reserves | 133 | - | €67,609 | +€67,609 | |
| Profit (loss) carried forward | 14 | -€48,518 | €0 | +€48,518 | |
| Amounts payable | 17/49 | €42,762 | €113,504 | +€70,742 | +165.4% |
| Amounts payable after more than one year | 17 | €35,000 | €62,813 | +€27,813 | +79.5% |
| Financial debts | 170/4 | - | €27,813 | +€27,813 | |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,762 | €48,484 | +€40,722 | +524.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,280 | +€7,280 | |
| Financial debts | 43 | €8 | €0 | -€8 | -100.0% |
| Credit institutions | 430/8 | €8 | €0 | -€8 | -100.0% |
| Trade debts | 44 | €4,037 | €8,828 | +€4,791 | +118.7% |
| Suppliers | 440/4 | €4,037 | €8,828 | +€4,791 | +118.7% |
| Taxes, remuneration and social security | 45 | - | €30,423 | +€30,423 | |
| Taxes | 450/3 | - | €30,423 | +€30,423 | |
| Other amounts payable | 47/48 | €3,717 | €1,953 | -€1,764 | -47.5% |
| Accrued charges and deferred income | 492/3 | - | €2,208 | +€2,208 | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,807 | +€7,807 | |
| Other operating charges | 640/8 | €189 | €281 | +€92 | +48.9% |
| Gross operating margin | 9900 | -€3,405 | €167,003 | +€170,408 | |
| Operating profit (loss) | 9901 | -€3,593 | €158,915 | +€162,508 | |
| Financial charges | 65/66B | €8 | €4,272 | +€4,264 | +55239.1% |
| Recurring financial charges | 65 | €8 | €4,272 | +€4,264 | +55239.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,601 | €154,643 | +€158,244 | |
| Income taxes | 67/77 | - | €38,516 | +€38,516 | |
| Profit (loss) for the period | 9904 | -€3,601 | €116,127 | +€119,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,601 | €116,127 | +€119,727 |
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 12 October 2026 via checked.be.