S.B.A.: 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.
S.B.A.
Largest movements
- Receivables within one year +€154,715
up €154,715 (+32.4%), from €477,398 to €632,113
of which Other amounts receivable: +€159,485
- Cash +€59,959
up €59,959 (+98.4%), from €60,951 to €120,909
mainly Trade debts (+€95,148) and Net result for the year (+€94,328)
- Trade debts +€95,148
up €95,148 (+27.3%), from €348,807 to €443,955
- Reserves +€94,328
up €94,328 (+182%), from €51,804 to €146,132
of which Distributable reserves: +€94,328
- Tax, wage and social debts +€24,649
up €24,649 (+51.1%), from €48,262 to €72,911
of which Taxes: +€37,975
- Gross operating margin +€73,396
up €73,396 (+27.3%), from €268,463 to €341,859
- Staff costs -€39,776
down €39,776 (-15.5%), from €256,574 to €216,798
- Taxes +€31,500
up €31,500 (+635%), from €4,962 to €36,462
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 | €538,348 | €753,023 | +€214,674 | +39.9% |
| Current assets | 29/58 | €538,348 | €753,023 | +€214,674 | +39.9% |
| Amounts receivable within one year | 40/41 | €477,398 | €632,113 | +€154,715 | +32.4% |
| Trade receivables | 40 | €5,498 | €728 | -€4,770 | -86.8% |
| Other amounts receivable | 41 | €471,900 | €631,385 | +€159,485 | +33.8% |
| Cash at bank and in hand | 54/58 | €60,951 | €120,909 | +€59,959 | +98.4% |
| Total equity and liabilities | 10/49 | €538,348 | €753,023 | +€214,674 | +39.9% |
| Equity | 10/15 | €113,804 | €208,132 | +€94,328 | +82.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €51,804 | €146,132 | +€94,328 | +182% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €45,604 | €139,932 | +€94,328 | +207% |
| Amounts payable | 17/49 | €424,544 | €544,891 | +€120,347 | +28.3% |
| Amounts payable within one year | 42/48 | €424,544 | €544,891 | +€120,347 | +28.3% |
| Trade debts | 44 | €348,807 | €443,955 | +€95,148 | +27.3% |
| Suppliers | 440/4 | €348,807 | €443,955 | +€95,148 | +27.3% |
| Taxes, remuneration and social security | 45 | €48,262 | €72,911 | +€24,649 | +51.1% |
| Taxes | 450/3 | €9,874 | €47,850 | +€37,975 | +385% |
| Remuneration and social security | 454/9 | €38,388 | €25,061 | -€13,326 | -34.7% |
| Other amounts payable | 47/48 | €27,476 | €28,025 | +€550 | +2.0% |
| Remuneration, social security and pensions | 62 | €256,574 | €216,798 | -€39,776 | -15.5% |
| Other operating charges | 640/8 | €7 | €150 | +€142 | +1,965% |
| Gross operating margin | 9900 | €268,463 | €341,859 | +€73,396 | +27.3% |
| Operating profit (loss) | 9901 | €11,882 | €124,911 | +€113,029 | +951% |
| Financial income | 75/76B | €9,378 | €9,485 | +€108 | +1.1% |
| Recurring financial income | 75 | €9,378 | €9,485 | +€108 | +1.1% |
| Financial charges | 65/66B | €1,072 | €3,607 | +€2,535 | +236% |
| Recurring financial charges | 65 | €1,072 | €3,607 | +€2,535 | +236% |
| Profit (loss) for the period before taxes | 9903 | €20,187 | €130,789 | +€110,602 | +548% |
| Income taxes | 67/77 | €4,962 | €36,462 | +€31,500 | +635% |
| Profit (loss) for the period | 9904 | €15,226 | €94,328 | +€79,102 | +520% |
| Profit (loss) for the period to be appropriated | 9905 | €15,226 | €94,328 | +€79,102 | +520% |
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 16 October 2026 via checked.be.