S.B.E. CONSTRUCT: 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.E. CONSTRUCT
Largest movements
- Cash +€9,941
up €9,941 (+6,798%), from €146 to €10,087
mainly Tax, wage and social debts (+€10,492) and Net result for the year (+€8,868)
- Receivables within one year +€9,340
up €9,340 (+87.7%), from €10,652 to €19,992
of which Trade receivables: +€4,739
- Tangible fixed assets +€504
new in 2025: €504
- Tax, wage and social debts +€10,492
up €10,492 (+787%), from €1,333 to €11,825
of which Remuneration and social security: +€8,275
- Profit (loss) carried forward +€8,868
up €8,868 (+166%), from €5,331 to €14,198
- Other debts +€430
up €430 (+11.2%), from €3,853 to €4,283
- Gross operating margin +€2,405
up €2,405 (+25.9%), from €9,291 to €11,697
- Depreciation -€2,064
down €2,064 (-93.6%), from €2,205 to €140
- Taxes +€884
up €884 (+66.3%), from €1,333 to €2,217
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 | €11,016 | €31,070 | +€20,054 | +182% |
| Fixed assets | 21/28 | €218 | €721 | +€504 | +231% |
| Tangible fixed assets | 22/27 | - | €504 | +€504 | |
| Furniture and vehicles | 24 | - | €504 | +€504 | |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €10,799 | €30,349 | +€19,550 | +181% |
| Amounts receivable within one year | 40/41 | €10,652 | €19,992 | +€9,340 | +87.7% |
| Trade receivables | 40 | €10,000 | €14,739 | +€4,739 | +47.4% |
| Other amounts receivable | 41 | €652 | €5,253 | +€4,601 | +705% |
| Cash at bank and in hand | 54/58 | €146 | €10,087 | +€9,941 | +6,798% |
| Deferred charges and accrued income | 490/1 | - | €270 | +€270 | |
| Total equity and liabilities | 10/49 | €11,016 | €31,070 | +€20,054 | +182% |
| Equity | 10/15 | €5,831 | €14,698 | +€8,868 | +152% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,331 | €14,198 | +€8,868 | +166% |
| Amounts payable | 17/49 | €5,186 | €16,372 | +€11,186 | +216% |
| Amounts payable within one year | 42/48 | €5,186 | €16,372 | +€11,186 | +216% |
| Trade debts | 44 | - | €264 | +€264 | |
| Suppliers | 440/4 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | €1,333 | €11,825 | +€10,492 | +787% |
| Taxes | 450/3 | €1,333 | €3,550 | +€2,217 | +166% |
| Remuneration and social security | 454/9 | - | €8,275 | +€8,275 | |
| Other amounts payable | 47/48 | €3,853 | €4,283 | +€430 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,205 | €140 | -€2,064 | -93.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €9,291 | €11,697 | +€2,405 | +25.9% |
| Operating profit (loss) | 9901 | €6,699 | €11,157 | +€4,457 | +66.5% |
| Financial charges | 65/66B | €36 | €72 | +€36 | +100% |
| Recurring financial charges | 65 | €36 | €72 | +€36 | +100% |
| Profit (loss) for the period before taxes | 9903 | €6,663 | €11,085 | +€4,421 | +66.3% |
| Income taxes | 67/77 | €1,333 | €2,217 | +€884 | +66.3% |
| Profit (loss) for the period | 9904 | €5,331 | €8,868 | +€3,537 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,331 | €8,868 | +€3,537 | +66.3% |
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 15 October 2026 via checked.be.