SZ GREEN: 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 GREEN
Largest movements
- Receivables within one year +€5,971
up €5,971 (+414.2%), from €1,442 to €7,412
- Tangible fixed assets -€5,833
down €5,833 (-41.4%), from €14,106 to €8,273
- Cash -€3,297
down €3,297 (-78.2%), from €4,216 to €919
mainly Receivables within one year (-€5,971) and Current portion of long-term debt (-€4,450)
- Current portion of long-term debt -€4,450
down €4,450 (-25.4%), from €17,500 to €13,050
- Profit (loss) carried forward +€1,161
up €1,161 (+114.3%), from €1,015 to €2,176
- Tax, wage and social debts +€514
up €514 (+450.9%), from €114 to €628
- Other debts -€429
down €429 (-55.8%), from €769 to €340
- Turnover +€8,869
up €8,869 (+100.7%), from €8,810 to €17,678
- Purchases and services +€5,770
up €5,770 (+147.2%), from €3,920 to €9,690
- Gross operating margin +€3,099
up €3,099 (+63.4%), from €4,889 to €7,988
- Depreciation +€2,438
up €2,438 (+71.8%), from €3,394 to €5,833
- Taxes +€426
new in 2025: €426
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 | €19,763 | €16,604 | -€3,159 | -16.0% |
| Fixed assets | 21/28 | €14,106 | €8,273 | -€5,833 | -41.4% |
| Tangible fixed assets | 22/27 | €14,106 | €8,273 | -€5,833 | -41.4% |
| Furniture and vehicles | 24 | €14,106 | €8,273 | -€5,833 | -41.4% |
| Current assets | 29/58 | €5,658 | €8,331 | +€2,674 | +47.3% |
| Amounts receivable within one year | 40/41 | €1,442 | €7,412 | +€5,971 | +414.2% |
| Trade receivables | 40 | €1,442 | €7,412 | +€5,971 | +414.2% |
| Cash at bank and in hand | 54/58 | €4,216 | €919 | -€3,297 | -78.2% |
| Total equity and liabilities | 10/49 | €19,763 | €16,604 | -€3,159 | -16.0% |
| Equity | 10/15 | €1,015 | €2,176 | +€1,161 | +114.3% |
| Profit (loss) carried forward | 14 | €1,015 | €2,176 | +€1,161 | +114.3% |
| Amounts payable | 17/49 | €18,748 | €14,428 | -€4,320 | -23.0% |
| Amounts payable within one year | 42/48 | €18,748 | €14,428 | -€4,320 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €13,050 | -€4,450 | -25.4% |
| Trade debts | 44 | €365 | €411 | +€46 | +12.5% |
| Suppliers | 440/4 | €365 | €411 | +€46 | +12.5% |
| Taxes, remuneration and social security | 45 | €114 | €628 | +€514 | +450.9% |
| Taxes | 450/3 | €114 | €628 | +€514 | +450.9% |
| Other amounts payable | 47/48 | €769 | €340 | -€429 | -55.8% |
| Turnover | 70 | €8,810 | €17,678 | +€8,869 | +100.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,920 | €9,690 | +€5,770 | +147.2% |
| Remuneration, social security and pensions | 62 | - | €339 | +€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,394 | €5,833 | +€2,438 | +71.8% |
| Other operating charges | 640/8 | €479 | €219 | -€260 | -54.3% |
| Gross operating margin | 9900 | €4,889 | €7,988 | +€3,099 | +63.4% |
| Operating profit (loss) | 9901 | €1,015 | €1,597 | +€582 | +57.3% |
| Financial charges | 65/66B | - | €11 | +€11 | |
| Recurring financial charges | 65 | - | €11 | +€11 | |
| Profit (loss) for the period before taxes | 9903 | €1,015 | €1,586 | +€571 | +56.2% |
| Income taxes | 67/77 | - | €426 | +€426 | |
| Profit (loss) for the period | 9904 | €1,015 | €1,161 | +€145 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,015 | €1,161 | +€145 | +14.3% |
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 10 October 2026 via checked.be.