SFZZ: 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.
SFZZ
Largest movements
- Tangible fixed assets -€19,493
down €19,493 (-33.8%), from €57,736 to €38,243
of which Furniture and vehicles: -€19,163
- Cash +€12,054
up €12,054 (+681%), from €1,769 to €13,824
mainly Depreciation (+€19,493) and Trade debts (+€1,110)
- Debts after one year -€10,062
down €10,062 (-41.6%), from €24,200 to €14,138
- Trade debts +€1,110
up €1,110 (+735%), from €151 to €1,261
- Other debts +€839
up €839 (+12.9%), from €6,498 to €7,337
- Gross operating margin -€14,172
down €14,172 (-19.5%), from €72,830 to €58,659
- Staff costs -€12,475
down €12,475 (-28.7%), from €43,461 to €30,986
- Other operating charges -€3,852
down €3,852 (-46.5%), from €8,284 to €4,432
- Depreciation -€2,900
down €2,900 (-13.0%), from €22,393 to €19,493
- Financial charges -€1,646
down €1,646 (-53.8%), from €3,057 to €1,411
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 | €65,234 | €57,550 | -€7,684 | -11.8% |
| Fixed assets | 21/28 | €62,574 | €43,081 | -€19,493 | -31.2% |
| Tangible fixed assets | 22/27 | €57,736 | €38,243 | -€19,493 | -33.8% |
| Plant, machinery and equipment | 23 | €661 | €330 | -€330 | -50.0% |
| Furniture and vehicles | 24 | €57,075 | €37,913 | -€19,163 | -33.6% |
| Financial fixed assets | 28 | €4,838 | €4,838 | = | 0.0% |
| Current assets | 29/58 | €2,660 | €14,470 | +€11,809 | +444% |
| Stocks and contracts in progress | 3 | €335 | €646 | +€311 | +93.0% |
| Stocks | 30/36 | €335 | €646 | +€311 | +93.0% |
| Amounts receivable within one year | 40/41 | €556 | - | -€556 | |
| Other amounts receivable | 41 | €556 | - | -€556 | |
| Cash at bank and in hand | 54/58 | €1,769 | €13,824 | +€12,054 | +681% |
| Total equity and liabilities | 10/49 | €65,234 | €57,550 | -€7,684 | -11.8% |
| Equity | 10/15 | €21,948 | €21,311 | -€638 | -2.9% |
| Contributions | 10/11 | €14,304 | €14,304 | = | 0.0% |
| Reserves | 13 | €13,889 | €13,889 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,030 | €12,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,244 | -€6,882 | -€638 | -10.2% |
| Amounts payable | 17/49 | €43,286 | €36,240 | -€7,046 | -16.3% |
| Amounts payable after more than one year | 17 | €24,200 | €14,138 | -€10,062 | -41.6% |
| Financial debts | 170/4 | €24,200 | €14,138 | -€10,062 | -41.6% |
| Amounts payable within one year | 42/48 | €19,086 | €22,102 | +€3,016 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €9,621 | €10,062 | +€441 | +4.6% |
| Trade debts | 44 | €151 | €1,261 | +€1,110 | +735% |
| Suppliers | 440/4 | €151 | €1,261 | +€1,110 | +735% |
| Taxes, remuneration and social security | 45 | €2,816 | €3,442 | +€626 | +22.2% |
| Taxes | 450/3 | €741 | €2,922 | +€2,180 | +294% |
| Remuneration and social security | 454/9 | €2,074 | €520 | -€1,554 | -74.9% |
| Other amounts payable | 47/48 | €6,498 | €7,337 | +€839 | +12.9% |
| Remuneration, social security and pensions | 62 | €43,461 | €30,986 | -€12,475 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,393 | €19,493 | -€2,900 | -13.0% |
| Other operating charges | 640/8 | €8,284 | €4,432 | -€3,852 | -46.5% |
| Gross operating margin | 9900 | €72,830 | €58,659 | -€14,172 | -19.5% |
| Operating profit (loss) | 9901 | -€1,307 | €3,748 | +€5,056 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +467% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +467% |
| Financial charges | 65/66B | €3,057 | €1,411 | -€1,646 | -53.8% |
| Recurring financial charges | 65 | €3,057 | €1,411 | -€1,646 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,364 | €2,337 | +€6,702 | |
| Income taxes | 67/77 | €1,880 | €2,975 | +€1,095 | +58.3% |
| Profit (loss) for the period | 9904 | -€6,244 | -€638 | +€5,606 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,244 | -€638 | +€5,606 | +89.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.