SFUNTAMELI: 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.
SFUNTAMELI
Largest movements
- Tangible fixed assets +€195,347
up €195,347 (+16.8%), from €1.2m to €1.4m
of which Land and buildings: +€193,651
- Cash +€100,881
up €100,881 (+7.1%), from €1.4m to €1.5m
mainly Net result for the year (+€206,842) and Depreciation (+€196,876)
- Profit (loss) carried forward +€206,842
new in 2025: €206,842
- Trade debts +€112,001
new in 2025: €112,001
- Tax, wage and social debts -€61,501
down €61,501 (-72.7%), from €84,553 to €23,052
- Gross operating margin +€82,319
up €82,319 (+13.8%), from €596,700 to €679,018
- Other operating charges +€20,238
up €20,238 (+11.5%), from €176,375 to €196,613
- Financial income -€17,917
down €17,917 (-54.7%), from €32,759 to €14,842
- Provisions +€14,434
no longer reported in 2025 (was -€14,434)
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.
Derived cash bridge
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 | €2,601,763 | €2,874,105 | +€272,342 | +10.5% |
| Fixed assets | 21/28 | €1,160,926 | €1,356,273 | +€195,347 | +16.8% |
| Tangible fixed assets | 22/27 | €1,160,926 | €1,356,273 | +€195,347 | +16.8% |
| Land and buildings | 22 | €1,160,926 | €1,354,577 | +€193,651 | +16.7% |
| Plant, machinery and equipment | 23 | - | €1,696 | +€1,696 | |
| Current assets | 29/58 | €1,440,837 | €1,517,832 | +€76,995 | +5.3% |
| Amounts receivable within one year | 40/41 | €27,024 | - | -€27,024 | |
| Trade receivables | 40 | €27,024 | - | -€27,024 | |
| Cash at bank and in hand | 54/58 | €1,413,813 | €1,514,694 | +€100,881 | +7.1% |
| Deferred charges and accrued income | 490/1 | - | €3,139 | +€3,139 | |
| Total equity and liabilities | 10/49 | €2,601,763 | €2,874,105 | +€272,342 | +10.5% |
| Equity | 10/15 | €1,752,210 | €1,959,053 | +€206,842 | +11.8% |
| Contributions | 10/11 | €216,907 | €216,907 | = | 0.0% |
| Capital | 10 | €216,907 | €216,907 | = | 0.0% |
| Issued capital | 100 | €216,907 | €216,907 | = | 0.0% |
| Reserves | 13 | €1,535,304 | €1,535,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,691 | €21,691 | = | 0.0% |
| Legal reserve | 130 | €21,691 | €21,691 | = | 0.0% |
| Distributable reserves | 133 | €1,513,613 | €1,513,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €206,842 | +€206,842 | |
| Amounts payable | 17/49 | €849,553 | €915,053 | +€65,500 | +7.7% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,553 | €135,053 | +€50,500 | +59.7% |
| Trade debts | 44 | - | €112,001 | +€112,001 | |
| Suppliers | 440/4 | - | €112,001 | +€112,001 | |
| Taxes, remuneration and social security | 45 | €84,553 | €23,052 | -€61,501 | -72.7% |
| Taxes | 450/3 | €84,553 | €23,052 | -€61,501 | -72.7% |
| Accrued charges and deferred income | 492/3 | €15,000 | €30,000 | +€15,000 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,858 | €196,876 | +€6,018 | +3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,434 | - | +€14,434 | |
| Other operating charges | 640/8 | €176,375 | €196,613 | +€20,238 | +11.5% |
| Gross operating margin | 9900 | €596,700 | €679,018 | +€82,319 | +13.8% |
| Operating profit (loss) | 9901 | €243,900 | €285,529 | +€41,629 | +17.1% |
| Financial income | 75/76B | €32,759 | €14,842 | -€17,917 | -54.7% |
| Recurring financial income | 75 | €32,759 | €14,842 | -€17,917 | -54.7% |
| Financial charges | 65/66B | €15,853 | €15,208 | -€645 | -4.1% |
| Recurring financial charges | 65 | €15,853 | €15,208 | -€645 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €260,806 | €285,163 | +€24,357 | +9.3% |
| Income taxes | 67/77 | €71,958 | €78,321 | +€6,363 | +8.8% |
| Profit (loss) for the period | 9904 | €188,848 | €206,842 | +€17,994 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,848 | €206,842 | +€17,994 | +9.5% |
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 25 October 2026 via checked.be.