SFO-Link: what changed
Two fiscal 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.
SFO-Link
Largest movements
- Receivables within one year +€22,512
up €22,512 (+211.9%), from €10,623 to €33,135
of which Trade receivables: +€19,973
- Cash +€1,434
up €1,434 (+8.7%), from €16,385 to €17,818
mainly Other debts (+€19,767) and Net result for the year (+€4,894)
- Other debts +€19,767
up €19,767 (+3529.8%), from €560 to €20,327
- Profit (loss) carried forward +€4,894
up €4,894 (+187521.1%), from €3 to €4,897
- Tax, wage and social debts -€1,506
down €1,506 (-24.4%), from €6,163 to €4,658
- Trade debts +€812
up €812 (+46.0%), from €1,764 to €2,576
- Financial charges +€34,455
new in 2025: €34,455
- Provisions -€24,600
down €24,600 (-100.0%), from €24,600 to €0
- Gross operating margin +€21,956
up €21,956 (+86.8%), from €25,299 to €47,255
- Depreciation +€2,705
up €2,705 (+468.3%), from €578 to €3,283
- Taxes +€2,461
new in 2025: €2,461
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 | €36,090 | €60,058 | +€23,968 | +66.4% |
| Fixed assets | 21/28 | €9,082 | €8,991 | -€90 | -1.0% |
| Tangible fixed assets | 22/27 | €9,082 | €8,991 | -€90 | -1.0% |
| Land and buildings | 22 | - | €1,716 | +€1,716 | |
| Furniture and vehicles | 24 | €9,082 | €7,275 | -€1,807 | -19.9% |
| Current assets | 29/58 | €27,008 | €51,066 | +€24,058 | +89.1% |
| Amounts receivable within one year | 40/41 | €10,623 | €33,135 | +€22,512 | +211.9% |
| Trade receivables | 40 | €10,623 | €30,597 | +€19,973 | +188.0% |
| Other amounts receivable | 41 | - | €2,539 | +€2,539 | |
| Cash at bank and in hand | 54/58 | €16,385 | €17,818 | +€1,434 | +8.7% |
| Deferred charges and accrued income | 490/1 | - | €113 | +€113 | |
| Total equity and liabilities | 10/49 | €36,090 | €60,058 | +€23,968 | +66.4% |
| Equity | 10/15 | €3,003 | €7,897 | +€4,894 | +163.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3 | €4,897 | +€4,894 | +187521.1% |
| Provisions and deferred taxes | 16 | €24,600 | €24,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,600 | €24,600 | = | 0.0% |
| Other liabilities and charges | 164/5 | €24,600 | €24,600 | = | 0.0% |
| Amounts payable | 17/49 | €8,487 | €27,561 | +€19,074 | +224.7% |
| Amounts payable within one year | 42/48 | €8,487 | €27,561 | +€19,074 | +224.7% |
| Trade debts | 44 | €1,764 | €2,576 | +€812 | +46.0% |
| Suppliers | 440/4 | €1,764 | €2,576 | +€812 | +46.0% |
| Taxes, remuneration and social security | 45 | €6,163 | €4,658 | -€1,506 | -24.4% |
| Taxes | 450/3 | €6,163 | €4,658 | -€1,506 | -24.4% |
| Other amounts payable | 47/48 | €560 | €20,327 | +€19,767 | +3529.8% |
| Remuneration, social security and pensions | 62 | - | €2,162 | +€2,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €3,283 | +€2,705 | +468.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €24,600 | €0 | -€24,600 | -100.0% |
| Other operating charges | 640/8 | €147 | - | -€147 | |
| Gross operating margin | 9900 | €25,299 | €47,255 | +€21,956 | +86.8% |
| Operating profit (loss) | 9901 | -€26 | €41,810 | +€41,836 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | - | €34,455 | +€34,455 | |
| Recurring financial charges | 65 | - | €34,455 | +€34,455 | |
| Profit (loss) for the period before taxes | 9903 | €3 | €7,356 | +€7,353 | +281721.1% |
| Income taxes | 67/77 | - | €2,461 | +€2,461 | |
| Profit (loss) for the period | 9904 | €3 | €4,894 | +€4,892 | +187421.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3 | €4,894 | +€4,892 | +187421.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.