S & B MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€7,333
up €7,333 (+75.6%), from €9,700 to €17,034
mainly Net result for the year (+€64,070)
- Profit (loss) carried forward +€64,070
up €64,070 (+211%), from €30,317 to €94,386
- Debts after one year -€27,143
down €27,143 (-13.7%), from €197,975 to €170,832
- Other debts -€23,742
down €23,742 (-16.3%), from €145,986 to €122,244
- Financial income +€25,000
new in 2025: €25,000
- Taxes -€10,175
down €10,175 (-46.2%), from €22,032 to €11,857
- Gross operating margin -€1,131
down €1,131 (-1.9%), from €58,569 to €57,438
- Financial charges +€674
up €674 (+12.3%), from €5,478 to €6,152
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 | €533,494 | €541,805 | +€8,311 | +1.6% |
| Current assets | 29/58 | €533,494 | €541,805 | +€8,311 | +1.6% |
| Amounts receivable within one year | 40/41 | €523,794 | €524,772 | +€978 | +0.2% |
| Trade receivables | 40 | €23,794 | €24,772 | +€978 | +4.1% |
| Other amounts receivable | 41 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,700 | €17,034 | +€7,333 | +75.6% |
| Total equity and liabilities | 10/49 | €533,494 | €541,805 | +€8,311 | +1.6% |
| Equity | 10/15 | €176,913 | €240,982 | +€64,070 | +36.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €143,596 | €143,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €143,296 | €143,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,317 | €94,386 | +€64,070 | +211% |
| Amounts payable | 17/49 | €356,581 | €300,823 | -€55,758 | -15.6% |
| Amounts payable after more than one year | 17 | €197,975 | €170,832 | -€27,143 | -13.7% |
| Financial debts | 170/4 | €197,975 | €170,832 | -€27,143 | -13.7% |
| Amounts payable within one year | 42/48 | €158,606 | €129,991 | -€28,615 | -18.0% |
| Trade debts | 44 | €6,498 | €1,762 | -€4,735 | -72.9% |
| Suppliers | 440/4 | €6,498 | €1,762 | -€4,735 | -72.9% |
| Taxes, remuneration and social security | 45 | €6,122 | €5,985 | -€137 | -2.2% |
| Taxes | 450/3 | €4,186 | €5,985 | +€1,799 | +43.0% |
| Remuneration and social security | 454/9 | €1,937 | - | -€1,937 | |
| Other amounts payable | 47/48 | €145,986 | €122,244 | -€23,742 | -16.3% |
| Other operating charges | 640/8 | €741 | €358 | -€383 | -51.7% |
| Gross operating margin | 9900 | €58,569 | €57,438 | -€1,131 | -1.9% |
| Operating profit (loss) | 9901 | €57,827 | €57,079 | -€748 | -1.3% |
| Financial income | 75/76B | - | €25,000 | +€25,000 | |
| Recurring financial income | 75 | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | €5,478 | €6,152 | +€674 | +12.3% |
| Recurring financial charges | 65 | €5,478 | €6,152 | +€674 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €52,349 | €75,927 | +€23,578 | +45.0% |
| Income taxes | 67/77 | €22,032 | €11,857 | -€10,175 | -46.2% |
| Profit (loss) for the period | 9904 | €30,317 | €64,070 | +€33,753 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €30,317 | €64,070 | +€33,753 | +111% |
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 22 October 2026 via checked.be.