SZ CONSULT: 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.
SZ CONSULT
Largest movements
- Receivables within one year -€18,316
down €18,316 (-88.0%), from €20,806 to €2,489
of which Trade receivables: -€19,148
- Receivables after one year +€10,000
up €10,000 (+13.0%), from €77,000 to €87,000
- Cash -€3,863
down €3,863 (-90.8%), from €4,254 to €392
mainly Trade debts (-€28,496) and Receivables after one year (-€10,000)
- Trade debts -€28,496
down €28,496 (-86.3%), from €33,010 to €4,514
- Reserves +€15,712
up €15,712 (+36.1%), from €43,558 to €59,270
- Gross operating margin -€6,880
down €6,880 (-23.0%), from €29,929 to €23,049
- Taxes -€6,238
down €6,238 (-46.4%), from €13,444 to €7,206
- Other operating charges -€530
down €530 (-59.6%), from €890 to €360
- Financial charges +€374
up €374 (+50.9%), from €735 to €1,109
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 | €103,329 | €91,219 | -€12,109 | -11.7% |
| Current assets | 29/58 | €103,329 | €91,219 | -€12,109 | -11.7% |
| Amounts receivable after more than one year | 29 | €77,000 | €87,000 | +€10,000 | +13.0% |
| Other amounts receivable | 291 | €77,000 | €87,000 | +€10,000 | +13.0% |
| Amounts receivable within one year | 40/41 | €20,806 | €2,489 | -€18,316 | -88.0% |
| Trade receivables | 40 | €19,148 | - | -€19,148 | |
| Other amounts receivable | 41 | €1,657 | €2,489 | +€832 | +50.2% |
| Cash at bank and in hand | 54/58 | €4,254 | €392 | -€3,863 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,338 | +€70 | +5.5% |
| Total equity and liabilities | 10/49 | €103,329 | €91,219 | -€12,109 | -11.7% |
| Equity | 10/15 | €45,558 | €61,270 | +€15,712 | +34.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,558 | €59,270 | +€15,712 | +36.1% |
| Distributable reserves | 133 | €43,558 | €59,270 | +€15,712 | +36.1% |
| Amounts payable | 17/49 | €57,770 | €29,949 | -€27,821 | -48.2% |
| Amounts payable within one year | 42/48 | €57,770 | €29,949 | -€27,821 | -48.2% |
| Trade debts | 44 | €33,010 | €4,514 | -€28,496 | -86.3% |
| Suppliers | 440/4 | €33,010 | €4,514 | -€28,496 | -86.3% |
| Taxes, remuneration and social security | 45 | €24,761 | €25,435 | +€674 | +2.7% |
| Taxes | 450/3 | €24,761 | €25,435 | +€674 | +2.7% |
| Other operating charges | 640/8 | €890 | €360 | -€530 | -59.6% |
| Gross operating margin | 9900 | €29,929 | €23,049 | -€6,880 | -23.0% |
| Operating profit (loss) | 9901 | €29,039 | €22,689 | -€6,350 | -21.9% |
| Financial income | 75/76B | €1,269 | €1,338 | +€70 | +5.5% |
| Recurring financial income | 75 | €1,269 | €1,338 | +€70 | +5.5% |
| Financial charges | 65/66B | €735 | €1,109 | +€374 | +50.9% |
| Recurring financial charges | 65 | €735 | €1,109 | +€374 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €29,572 | €22,918 | -€6,654 | -22.5% |
| Income taxes | 67/77 | €13,444 | €7,206 | -€6,238 | -46.4% |
| Profit (loss) for the period | 9904 | €16,129 | €15,712 | -€417 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,129 | €15,712 | -€417 | -2.6% |
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 12 October 2026 via checked.be.