Szant: what changed
Two fiscal 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.
Szant
Largest movements
- Stocks and contracts -€321,484
down €321,484 (-24.2%), from €1.3m to €1.0m
of which Stocks: -€258,725
- Receivables within one year +€26,000
new in 2025: €26,000
- Current portion of long-term debt -€490,000
down €490,000 (-55.4%), from €885,000 to €395,000
- Other debts +€159,942
up €159,942 (+32.9%), from €485,617 to €645,559
- Profit (loss) carried forward +€15,077
no longer reported in 2025 (was -€15,077)
- Gross operating margin +€45,585
up €45,585 (+327.2%), from €13,933 to €59,518
- Financial charges +€28,421
up €28,421 (+305.8%), from €9,295 to €37,716
- Taxes +€1,223
new in 2025: €1,223
- Other operating charges +€836
up €836 (+103.9%), from €805 to €1,641
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 | €1,360,065 | €1,054,105 | -€305,960 | -22.5% |
| Fixed assets | 21/28 | €2,737 | €270 | -€2,467 | -90.1% |
| Tangible fixed assets | 22/27 | €2,737 | €270 | -€2,467 | -90.1% |
| Furniture and vehicles | 24 | €2,737 | €270 | -€2,467 | -90.1% |
| Current assets | 29/58 | €1,357,328 | €1,053,835 | -€303,494 | -22.4% |
| Stocks and contracts in progress | 3 | €1,330,900 | €1,009,416 | -€321,484 | -24.2% |
| Stocks | 30/36 | €849,772 | €591,047 | -€258,725 | -30.4% |
| Contracts in progress | 37 | €481,128 | €418,369 | -€62,759 | -13.0% |
| Amounts receivable within one year | 40/41 | - | €26,000 | +€26,000 | |
| Trade receivables | 40 | - | €26,000 | +€26,000 | |
| Cash at bank and in hand | 54/58 | €25,707 | €17,684 | -€8,023 | -31.2% |
| Deferred charges and accrued income | 490/1 | €721 | €734 | +€13 | +1.8% |
| Total equity and liabilities | 10/49 | €1,360,065 | €1,054,105 | -€305,960 | -22.5% |
| Equity | 10/15 | -€12,077 | €4,395 | +€16,472 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €1,395 | +€1,395 | |
| Distributable reserves | 133 | - | €1,395 | +€1,395 | |
| Profit (loss) carried forward | 14 | -€15,077 | - | +€15,077 | |
| Amounts payable | 17/49 | €1,372,142 | €1,049,710 | -€322,432 | -23.5% |
| Amounts payable within one year | 42/48 | €1,372,142 | €1,049,710 | -€322,432 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €885,000 | €395,000 | -€490,000 | -55.4% |
| Trade debts | 44 | €1,525 | €7,928 | +€6,403 | +419.9% |
| Suppliers | 440/4 | €1,525 | €7,928 | +€6,403 | +419.9% |
| Taxes, remuneration and social security | 45 | - | €1,223 | +€1,223 | |
| Taxes | 450/3 | - | €1,223 | +€1,223 | |
| Other amounts payable | 47/48 | €485,617 | €645,559 | +€159,942 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €2,467 | = | 0.0% |
| Other operating charges | 640/8 | €805 | €1,641 | +€836 | +103.9% |
| Gross operating margin | 9900 | €13,933 | €59,518 | +€45,585 | +327.2% |
| Operating profit (loss) | 9901 | €10,662 | €55,410 | +€44,749 | +419.7% |
| Financial charges | 65/66B | €9,295 | €37,716 | +€28,421 | +305.8% |
| Recurring financial charges | 65 | €9,295 | €37,716 | +€28,421 | +305.8% |
| Profit (loss) for the period before taxes | 9903 | €1,367 | €17,695 | +€16,328 | +1194.6% |
| Income taxes | 67/77 | - | €1,223 | +€1,223 | |
| Profit (loss) for the period | 9904 | €1,367 | €16,472 | +€15,105 | +1105.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,367 | €16,472 | +€15,105 | +1105.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.