S.B.L: 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.
What changed
S.B.L
NACE 68.310, Real estate agency activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€18,224
2023 · €20,978-€2,754
Equity
€570,744
2023 · €552,520+€18,224
Cash
€21,742
2023 · €15,632+€6,111
Balance sheet total
€1.3m
2023 · €1.3m-€14,759
Largest movements
Assets
- Tangible fixed assets -€18,145
down €18,145 (-1.6%), from €1.2m to €1.1m
of which Land and buildings: -€32,398
Equity and liabilities
- Debts after one year -€43,847
down €43,847 (-9.8%), from €446,217 to €402,370
- Reserves +€18,224
up €18,224 (+3.7%), from €490,520 to €508,744
of which Distributable reserves: +€18,224
Income statement
- Gross operating margin -€55,046
down €55,046 (-26.2%), from €210,326 to €155,280
- Staff costs -€46,651
down €46,651 (-59.3%), from €78,712 to €32,061
- Other operating charges -€2,681
down €2,681 (-5.3%), from €50,848 to €48,167
From the 2023 result to the 2024 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.
Result 2023
€20,978
Gross operating margin
-€55,046
Staff costs
+€46,651
Other operating charges
+€2,681
Financial charges
+€983
Taxes
+€1,978
Result 2024
€18,224
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€74,270
Investment
-€25,051
Financing
-€43,109
Cash 2023
€15,632
From operations (derived)
+€74,270
Net result for the year
+€18,224
Depreciation
+€43,196
Receivables within one year
+€2,979
Deferred charges and accrued income
-€254
Trade debts
+€12,445
Tax, wage and social debts
-€2,367
Other debts
+€49
Investment (derived)
-€25,051
Investment in fixed assets (net)
-€25,051
Financing
-€43,109
Debts after one year
-€43,847
Current portion of long-term debt
+€739
Cash 2024
€21,742
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,266,081 | €1,251,322 | -€14,759 | -1.2% |
| Fixed assets | 21/28 | €1,168,863 | €1,150,718 | -€18,145 | -1.6% |
| Tangible fixed assets | 22/27 | €1,160,526 | €1,142,381 | -€18,145 | -1.6% |
| Land and buildings | 22 | €1,086,858 | €1,054,460 | -€32,398 | -3.0% |
| Furniture and vehicles | 24 | - | €20,000 | +€20,000 | |
| Other tangible fixed assets | 26 | €73,668 | €67,921 | -€5,747 | -7.8% |
| Financial fixed assets | 28 | €8,337 | €8,337 | = | 0.0% |
| Current assets | 29/58 | €97,218 | €100,604 | +€3,386 | +3.5% |
| Amounts receivable within one year | 40/41 | €75,825 | €72,846 | -€2,979 | -3.9% |
| Trade receivables | 40 | €72,846 | €72,846 | = | 0.0% |
| Other amounts receivable | 41 | €2,979 | - | -€2,979 | |
| Cash at bank and in hand | 54/58 | €15,632 | €21,742 | +€6,111 | +39.1% |
| Deferred charges and accrued income | 490/1 | €5,761 | €6,015 | +€254 | +4.4% |
| Total equity and liabilities | 10/49 | €1,266,081 | €1,251,322 | -€14,759 | -1.2% |
| Equity | 10/15 | €552,520 | €570,744 | +€18,224 | +3.3% |
| 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 | €490,520 | €508,744 | +€18,224 | +3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €484,320 | €502,544 | +€18,224 | +3.8% |
| Provisions and deferred taxes | 16 | €9,002 | €9,002 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,002 | €9,002 | = | 0.0% |
| Environmental obligations | 163 | €9,002 | €9,002 | = | 0.0% |
| Amounts payable | 17/49 | €704,559 | €671,576 | -€32,983 | -4.7% |
| Amounts payable after more than one year | 17 | €446,217 | €402,370 | -€43,847 | -9.8% |
| Financial debts | 170/4 | €446,217 | €402,370 | -€43,847 | -9.8% |
| Amounts payable within one year | 42/48 | €258,342 | €269,206 | +€10,864 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €43,109 | €43,847 | +€739 | +1.7% |
| Trade debts | 44 | €131,999 | €144,444 | +€12,445 | +9.4% |
| Suppliers | 440/4 | €131,999 | €144,444 | +€12,445 | +9.4% |
| Taxes, remuneration and social security | 45 | €12,999 | €10,631 | -€2,367 | -18.2% |
| Taxes | 450/3 | €9,692 | €7,306 | -€2,386 | -24.6% |
| Remuneration and social security | 454/9 | €3,307 | €3,326 | +€19 | +0.6% |
| Other amounts payable | 47/48 | €70,235 | €70,283 | +€49 | +0.1% |
| Remuneration, social security and pensions | 62 | €78,712 | €32,061 | -€46,651 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,196 | €43,196 | = | 0.0% |
| Other operating charges | 640/8 | €50,848 | €48,167 | -€2,681 | -5.3% |
| Gross operating margin | 9900 | €210,326 | €155,280 | -€55,046 | -26.2% |
| Operating profit (loss) | 9901 | €37,570 | €31,855 | -€5,715 | -15.2% |
| Financial charges | 65/66B | €9,633 | €8,650 | -€983 | -10.2% |
| Recurring financial charges | 65 | €9,633 | €8,650 | -€983 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €27,938 | €23,206 | -€4,732 | -16.9% |
| Income taxes | 67/77 | €6,960 | €4,982 | -€1,978 | -28.4% |
| Profit (loss) for the period | 9904 | €20,978 | €18,224 | -€2,754 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,978 | €18,224 | -€2,754 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.