S.B.H.: 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.H.
Largest movements
- Receivables within one year -€158,070
down €158,070 (-63.4%), from €249,396 to €91,326
- Tangible fixed assets -€24,150
down €24,150 (-75.4%), from €32,049 to €7,899
of which Furniture and vehicles: -€23,505
- Cash -€5,019
no longer reported in 2025 (was €5,019)
mainly Trade debts (-€216,591) and Net result for the year (-€6,131)
- Financial fixed assets -€5,000
down €5,000 (-49.7%), from €10,065 to €5,065
- Trade debts -€216,591
down €216,591 (-95.5%), from €226,749 to €10,158
- Tax, wage and social debts +€27,804
up €27,804 (+53.1%), from €52,372 to €80,176
of which Taxes: +€32,419
- Profit (loss) carried forward -€6,131
down €6,131 (-12.0%), from -€50,881 to -€57,012
- Short-term financial debts +€3,156
up €3,156 (+26.7%), from €11,829 to €14,985
- Staff costs -€24,557
down €24,557 (-12.2%), from €201,334 to €176,777
- Other operating charges +€13,255
up €13,255 (+760.5%), from €1,743 to €14,998
- Gross operating margin -€11,849
down €11,849 (-4.8%), from €246,622 to €234,773
- Depreciation -€7,791
down €7,791 (-92.4%), from €8,436 to €645
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 | €296,529 | €104,290 | -€192,239 | -64.8% |
| Fixed assets | 21/28 | €42,114 | €12,964 | -€29,150 | -69.2% |
| Tangible fixed assets | 22/27 | €32,049 | €7,899 | -€24,150 | -75.4% |
| Furniture and vehicles | 24 | €23,505 | - | -€23,505 | |
| Other tangible fixed assets | 26 | €8,544 | €7,899 | -€645 | -7.5% |
| Financial fixed assets | 28 | €10,065 | €5,065 | -€5,000 | -49.7% |
| Current assets | 29/58 | €254,415 | €91,326 | -€163,089 | -64.1% |
| Amounts receivable within one year | 40/41 | €249,396 | €91,326 | -€158,070 | -63.4% |
| Trade receivables | 40 | €249,396 | €91,326 | -€158,070 | -63.4% |
| Cash at bank and in hand | 54/58 | €5,019 | - | -€5,019 | |
| Total equity and liabilities | 10/49 | €296,529 | €104,290 | -€192,239 | -64.8% |
| Equity | 10/15 | €5,102 | -€1,029 | -€6,131 | |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €40,783 | €40,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,923 | €38,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,881 | -€57,012 | -€6,131 | -12.0% |
| Amounts payable | 17/49 | €291,427 | €105,319 | -€186,108 | -63.9% |
| Amounts payable within one year | 42/48 | €291,427 | €105,319 | -€186,108 | -63.9% |
| Financial debts | 43 | €11,829 | €14,985 | +€3,156 | +26.7% |
| Credit institutions | 430/8 | €11,829 | €14,985 | +€3,156 | +26.7% |
| Trade debts | 44 | €226,749 | €10,158 | -€216,591 | -95.5% |
| Suppliers | 440/4 | €226,749 | €10,158 | -€216,591 | -95.5% |
| Taxes, remuneration and social security | 45 | €52,372 | €80,176 | +€27,804 | +53.1% |
| Taxes | 450/3 | €34,836 | €67,255 | +€32,419 | +93.1% |
| Remuneration and social security | 454/9 | €17,536 | €12,921 | -€4,615 | -26.3% |
| Other amounts payable | 47/48 | €477 | - | -€477 | |
| Remuneration, social security and pensions | 62 | €201,334 | €176,777 | -€24,557 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €645 | -€7,791 | -92.4% |
| Other operating charges | 640/8 | €1,743 | €14,998 | +€13,255 | +760.5% |
| Non-recurring operating charges | 66A | €30,650 | €45,925 | +€15,275 | +49.8% |
| Gross operating margin | 9900 | €246,622 | €234,773 | -€11,849 | -4.8% |
| Operating profit (loss) | 9901 | €4,459 | -€3,572 | -€8,031 | |
| Financial income | 75/76B | €1,026 | €50 | -€976 | -95.1% |
| Recurring financial income | 75 | €1,026 | €50 | -€976 | -95.1% |
| Financial charges | 65/66B | €2,533 | €2,609 | +€76 | +3.0% |
| Recurring financial charges | 65 | €2,533 | €2,609 | +€76 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €2,952 | -€6,131 | -€9,083 | |
| Profit (loss) for the period | 9904 | €2,952 | -€6,131 | -€9,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,952 | -€6,131 | -€9,083 |
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 11 October 2026 via checked.be.