S.B.M. TRADING: what changed
S.B.M. TRADING
Largest movements
- Receivables after one year +€57,687
new in 2025: €57,687
of which Trade receivables: +€57,000
- Financial fixed assets -€54,500
no longer reported in 2025 (was €54,500)
- Cash -€1,446
down €1,446 (-36.9%), from €3,915 to €2,469
mainly Receivables after one year (-€57,687) and Net result for the year (-€2,531)
- Tangible fixed assets -€765
no longer reported in 2025 (was €765)
- Other debts +€2,997
new in 2025: €2,997
- Profit (loss) carried forward -€2,531
down €2,531 (-40.1%), from -€6,310 to -€8,841
- Gross operating margin +€1,145
up €1,145 (+41.7%), from -€2,746 to -€1,601
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,690 | €60,156 | +€466 | +0.8% |
| Fixed assets | 21/28 | €55,265 | - | -€55,265 | |
| Tangible fixed assets | 22/27 | €765 | - | -€765 | |
| Plant, machinery and equipment | 23 | €765 | - | -€765 | |
| Financial fixed assets | 28 | €54,500 | - | -€54,500 | |
| Current assets | 29/58 | €4,425 | €60,156 | +€55,731 | +1,259% |
| Amounts receivable after more than one year | 29 | - | €57,687 | +€57,687 | |
| Trade receivables | 290 | - | €57,000 | +€57,000 | |
| Other amounts receivable | 291 | - | €687 | +€687 | |
| Amounts receivable within one year | 40/41 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €3,915 | €2,469 | -€1,446 | -36.9% |
| Deferred charges and accrued income | 490/1 | €10 | - | -€10 | |
| Total equity and liabilities | 10/49 | €59,690 | €60,156 | +€466 | +0.8% |
| Equity | 10/15 | €59,690 | €57,159 | -€2,531 | -4.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,310 | -€8,841 | -€2,531 | -40.1% |
| Amounts payable | 17/49 | - | €2,997 | +€2,997 | |
| Amounts payable within one year | 42/48 | - | €2,997 | +€2,997 | |
| Other amounts payable | 47/48 | - | €2,997 | +€2,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €765 | = | 0.0% |
| Gross operating margin | 9900 | -€2,746 | -€1,601 | +€1,145 | +41.7% |
| Operating profit (loss) | 9901 | -€3,511 | -€2,366 | +€1,145 | +32.6% |
| Financial charges | 65/66B | €170 | €165 | -€5 | -2.9% |
| Recurring financial charges | 65 | €170 | €165 | -€5 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,681 | -€2,531 | +€1,150 | +31.2% |
| Profit (loss) for the period | 9904 | -€3,681 | -€2,531 | +€1,150 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,681 | -€2,531 | +€1,150 | +31.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.