SFP: 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.
SFP
Largest movements
- Receivables within one year +€8,268
up €8,268 (+50.2%), from €16,460 to €24,728
of which Trade receivables: +€8,268
- Cash +€4,080
up €4,080 (+106.4%), from €3,833 to €7,914
mainly Net result for the year (+€33,965) and Trade debts (+€11,693)
- Tangible fixed assets -€1,149
down €1,149 (-3.0%), from €38,781 to €37,633
of which Furniture and vehicles: -€4,700
- Other debts -€35,841
down €35,841 (-24.9%), from €144,163 to €108,322
- Profit (loss) carried forward +€33,965
up €33,965 (+34.1%), from -€99,708 to -€65,743
- Trade debts +€11,693
up €11,693 (+2865.0%), from €408 to €12,101
- Tax, wage and social debts +€743
up €743 (+17.3%), from €4,306 to €5,049
of which Taxes: +€746
- Other operating charges -€2,218
down €2,218 (-75.3%), from €2,944 to €726
- Financial income -€1,092
no longer reported in 2025 (was €1,092)
of which Non-recurring financial income: -€1,046
- Depreciation -€831
down €831 (-14.6%), from €5,709 to €4,877
- Staff costs +€452
up €452 (+49.9%), from €905 to €1,357
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 | €59,889 | €70,450 | +€10,560 | +17.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €38,956 | €37,808 | -€1,149 | -2.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €38,781 | €37,633 | -€1,149 | -3.0% |
| Plant, machinery and equipment | 23 | €0 | €3,551 | +€3,551 | |
| Furniture and vehicles | 24 | €38,781 | €34,081 | -€4,700 | -12.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €20,933 | €32,642 | +€11,709 | +55.9% |
| Amounts receivable within one year | 40/41 | €16,460 | €24,728 | +€8,268 | +50.2% |
| Trade receivables | 40 | €16,445 | €24,713 | +€8,268 | +50.3% |
| Other amounts receivable | 41 | €15 | €15 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,833 | €7,914 | +€4,080 | +106.4% |
| Deferred charges and accrued income | 490/1 | €640 | - | -€640 | |
| Total equity and liabilities | 10/49 | €59,889 | €70,450 | +€10,560 | +17.6% |
| Equity | 10/15 | -€88,988 | -€55,023 | +€33,965 | +38.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,708 | -€65,743 | +€33,965 | +34.1% |
| Amounts payable | 17/49 | €148,877 | €125,472 | -€23,405 | -15.7% |
| Amounts payable within one year | 42/48 | €148,877 | €125,472 | -€23,405 | -15.7% |
| Trade debts | 44 | €408 | €12,101 | +€11,693 | +2865.0% |
| Suppliers | 440/4 | €408 | €12,101 | +€11,693 | +2865.0% |
| Taxes, remuneration and social security | 45 | €4,306 | €5,049 | +€743 | +17.3% |
| Taxes | 450/3 | €4,281 | €5,026 | +€746 | +17.4% |
| Remuneration and social security | 454/9 | €25 | €23 | -€3 | -10.0% |
| Other amounts payable | 47/48 | €144,163 | €108,322 | -€35,841 | -24.9% |
| Remuneration, social security and pensions | 62 | €905 | €1,357 | +€452 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,709 | €4,877 | -€831 | -14.6% |
| Other operating charges | 640/8 | €2,944 | €726 | -€2,218 | -75.3% |
| Gross operating margin | 9900 | €41,173 | €40,980 | -€192 | -0.5% |
| Operating profit (loss) | 9901 | €31,614 | €34,019 | +€2,405 | +7.6% |
| Financial income | 75/76B | €1,092 | - | -€1,092 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Non-recurring financial income | 76B | €1,046 | - | -€1,046 | |
| Financial charges | 65/66B | €257 | €54 | -€203 | -79.0% |
| Recurring financial charges | 65 | €257 | €54 | -€203 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €32,449 | €33,965 | +€1,517 | +4.7% |
| Profit (loss) for the period | 9904 | €32,449 | €33,965 | +€1,517 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,449 | €33,965 | +€1,517 | +4.7% |
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 2 October 2026 via checked.be.