SWEET SERVICE: 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.
SWEET SERVICE
Largest movements
- Receivables within one year -€464,607
down €464,607 (-55.6%), from €836,300 to €371,693
of which Other amounts receivable: -€531,167
- Cash -€20,060
down €20,060 (-28.6%), from €70,060 to €50,000
mainly Contributions, distributions and other (-€525,000) and Other debts (-€27,059)
- Profit (loss) carried forward -€453,599
down €453,599 (-86.3%), from €525,528 to €71,929
- Other debts -€27,059
no longer reported in 2024 (was €27,059)
- Staff costs +€91,116
up €91,116 (+43.2%), from €211,144 to €302,260
- Financial income +€57,426
up €57,426 (+4,574%), from €1,256 to €58,682
- Taxes -€37,483
down €37,483 (-64.5%), from €58,077 to €20,593
- Gross operating margin +€18,283
up €18,283 (+5.5%), from €333,347 to €351,630
- Write-downs +€5,965
up €5,965 (+75.3%), from €7,923 to €13,888
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €906,359 | €422,661 | -€483,699 | -53.4% |
| Current assets | 29/58 | €906,359 | €422,661 | -€483,699 | -53.4% |
| Amounts receivable within one year | 40/41 | €836,300 | €371,693 | -€464,607 | -55.6% |
| Trade receivables | 40 | €153,247 | €219,807 | +€66,560 | +43.4% |
| Other amounts receivable | 41 | €683,053 | €151,886 | -€531,167 | -77.8% |
| Cash at bank and in hand | 54/58 | €70,060 | €50,000 | -€20,060 | -28.6% |
| Deferred charges and accrued income | 490/1 | €0 | €968 | +€968 | |
| Total equity and liabilities | 10/49 | €906,359 | €422,661 | -€483,699 | -53.4% |
| Equity | 10/15 | €719,478 | €265,879 | -€453,599 | -63.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €132,450 | €132,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | - | -€126,300 | |
| Distributable reserves | 133 | - | €126,300 | +€126,300 | |
| Profit (loss) carried forward | 14 | €525,528 | €71,929 | -€453,599 | -86.3% |
| Amounts payable | 17/49 | €186,881 | €156,781 | -€30,100 | -16.1% |
| Amounts payable within one year | 42/48 | €169,650 | €140,840 | -€28,810 | -17.0% |
| Trade debts | 44 | €78,261 | €78,229 | -€32 | 0.0% |
| Suppliers | 440/4 | €78,261 | €78,229 | -€32 | 0.0% |
| Taxes, remuneration and social security | 45 | €64,330 | €62,612 | -€1,718 | -2.7% |
| Taxes | 450/3 | €40,085 | €20,064 | -€20,021 | -49.9% |
| Remuneration and social security | 454/9 | €24,246 | €42,548 | +€18,303 | +75.5% |
| Other amounts payable | 47/48 | €27,059 | - | -€27,059 | |
| Accrued charges and deferred income | 492/3 | €17,231 | €15,941 | -€1,290 | -7.5% |
| Remuneration, social security and pensions | 62 | €211,144 | €302,260 | +€91,116 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,923 | €13,888 | +€5,965 | +75.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €333,347 | €351,630 | +€18,283 | +5.5% |
| Operating profit (loss) | 9901 | €113,895 | €35,095 | -€78,800 | -69.2% |
| Financial income | 75/76B | €1,256 | €58,682 | +€57,426 | +4,574% |
| Recurring financial income | 75 | €1,256 | €58,682 | +€57,426 | +4,574% |
| Financial charges | 65/66B | €537 | €1,782 | +€1,245 | +232% |
| Recurring financial charges | 65 | €537 | €1,782 | +€1,245 | +232% |
| Profit (loss) for the period before taxes | 9903 | €114,613 | €91,994 | -€22,619 | -19.7% |
| Income taxes | 67/77 | €58,077 | €20,593 | -€37,483 | -64.5% |
| Profit (loss) for the period | 9904 | €56,537 | €71,401 | +€14,864 | +26.3% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,537 | €197,701 | +€141,164 | +250% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.