SFT Experts: 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.
SFT Experts
Largest movements
- Tangible fixed assets -€55,730
down €55,730 (-99.7%), from €55,883 to €153
- Cash +€14,404
up €14,404 (+25.4%), from €56,757 to €71,161
mainly Investment in fixed assets (net) (+€55,583) and Net result for the year (+€24,337)
- Receivables within one year -€7,230
down €7,230 (-32.9%), from €21,992 to €14,762
of which Trade receivables: -€7,212
- Deferred charges and accrued income -€1,838
down €1,838 (-100.0%), from €1,838 to €0
- Reserves -€39,663
down €39,663 (-61.6%), from €64,392 to €24,728
- Debts after one year -€15,314
down €15,314 (-40.3%), from €38,027 to €22,713
- Tax, wage and social debts +€3,701
up €3,701 (+27.3%), from €13,575 to €17,276
- Depreciation -€16,575
down €16,575 (-99.1%), from €16,722 to €147
- Other operating charges +€9,307
up €9,307 (+674.3%), from €1,380 to €10,687
- Gross operating margin +€4,128
up €4,128 (+8.9%), from €46,384 to €50,512
- Taxes +€3,176
up €3,176 (+48.5%), from €6,550 to €9,726
- Financial charges +€1,404
up €1,404 (+33.3%), from €4,210 to €5,615
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 | €137,821 | €87,426 | -€50,395 | -36.6% |
| Fixed assets | 21/28 | €57,233 | €1,503 | -€55,730 | -97.4% |
| Tangible fixed assets | 22/27 | €55,883 | €153 | -€55,730 | -99.7% |
| Furniture and vehicles | 24 | €55,883 | €153 | -€55,730 | -99.7% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €80,588 | €85,923 | +€5,336 | +6.6% |
| Amounts receivable within one year | 40/41 | €21,992 | €14,762 | -€7,230 | -32.9% |
| Trade receivables | 40 | €21,974 | €14,762 | -€7,212 | -32.8% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,757 | €71,161 | +€14,404 | +25.4% |
| Deferred charges and accrued income | 490/1 | €1,838 | €0 | -€1,838 | -100.0% |
| Total equity and liabilities | 10/49 | €137,821 | €87,426 | -€50,395 | -36.6% |
| Equity | 10/15 | €65,917 | €26,254 | -€39,663 | -60.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €64,392 | €24,728 | -€39,663 | -61.6% |
| Distributable reserves | 133 | €64,392 | €24,728 | -€39,663 | -61.6% |
| Profit (loss) carried forward | 14 | €26 | €26 | = | 0.0% |
| Amounts payable | 17/49 | €71,903 | €61,172 | -€10,732 | -14.9% |
| Amounts payable after more than one year | 17 | €38,027 | €22,713 | -€15,314 | -40.3% |
| Financial debts | 170/4 | €38,027 | €22,713 | -€15,314 | -40.3% |
| Amounts payable within one year | 42/48 | €33,876 | €38,458 | +€4,582 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €14,744 | €15,314 | +€570 | +3.9% |
| Trade debts | 44 | €5,358 | €5,024 | -€334 | -6.2% |
| Suppliers | 440/4 | €5,358 | €5,024 | -€334 | -6.2% |
| Taxes, remuneration and social security | 45 | €13,575 | €17,276 | +€3,701 | +27.3% |
| Taxes | 450/3 | €13,575 | €17,276 | +€3,701 | +27.3% |
| Other amounts payable | 47/48 | €201 | €845 | +€645 | +321.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,722 | €147 | -€16,575 | -99.1% |
| Other operating charges | 640/8 | €1,380 | €10,687 | +€9,307 | +674.3% |
| Gross operating margin | 9900 | €46,384 | €50,512 | +€4,128 | +8.9% |
| Operating profit (loss) | 9901 | €28,281 | €39,677 | +€11,396 | +40.3% |
| Financial income | 75/76B | €171 | €0 | -€171 | -100.0% |
| Recurring financial income | 75 | €171 | €0 | -€171 | -100.0% |
| Financial charges | 65/66B | €4,210 | €5,615 | +€1,404 | +33.3% |
| Recurring financial charges | 65 | €4,210 | €5,615 | +€1,404 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €24,242 | €34,063 | +€9,821 | +40.5% |
| Income taxes | 67/77 | €6,550 | €9,726 | +€3,176 | +48.5% |
| Profit (loss) for the period | 9904 | €17,692 | €24,337 | +€6,645 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,692 | €24,337 | +€6,645 | +37.6% |
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.