S.B.P.: what changed
Two fiscal 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.P.
Largest movements
- Intangible fixed assets -€32,026
down €32,026 (-10.1%), from €317,597 to €285,571
- Cash +€28,640
up €28,640 (+198.6%), from €14,423 to €43,063
mainly Depreciation (+€87,410) and Other debts (+€54,726)
- Tangible fixed assets -€18,403
down €18,403 (-2.8%), from €659,660 to €641,257
of which Furniture and vehicles: -€13,433
- Trade debts -€60,007
down €60,007 (-72.0%), from €83,355 to €23,348
- Other debts +€54,726
up €54,726 (+53.4%), from €102,443 to €157,169
- Profit (loss) carried forward +€54,335
up €54,335 (+84.5%), from -€64,310 to -€9,975
- Debts after one year -€49,329
down €49,329 (-28.9%), from €170,535 to €121,206
- Reserves -€19,763
down €19,763 (-2.3%), from €859,288 to €839,525
of which Tax-exempt reserves: -€19,763
- Gross operating margin +€157,124
up €157,124 (+1440.4%), from €10,908 to €168,032
- Other operating charges -€16,874
down €16,874 (-30.5%), from €55,320 to €38,446
- Depreciation +€11,718
up €11,718 (+15.5%), from €75,692 to €87,410
- Financial charges -€6,096
down €6,096 (-34.6%), from €17,618 to €11,522
of which Financial charges: -€6,096
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 | €1,262,604 | €1,253,479 | -€9,125 | -0.7% |
| Fixed assets | 21/28 | €1,147,741 | €1,097,311 | -€50,430 | -4.4% |
| Intangible fixed assets | 21 | €317,597 | €285,571 | -€32,026 | -10.1% |
| Tangible fixed assets | 22/27 | €659,660 | €641,257 | -€18,403 | -2.8% |
| Land and buildings | 22 | €546,175 | €550,438 | +€4,263 | +0.8% |
| Plant, machinery and equipment | 23 | €1,092 | €979 | -€113 | -10.4% |
| Furniture and vehicles | 24 | €62,189 | €48,756 | -€13,433 | -21.6% |
| Other tangible fixed assets | 26 | €50,204 | €41,084 | -€9,120 | -18.2% |
| Financial fixed assets | 28 | €170,483 | €170,483 | +€0 | 0.0% |
| Current assets | 29/58 | €114,864 | €156,168 | +€41,304 | +36.0% |
| Stocks and contracts in progress | 3 | €3,310 | €2,809 | -€501 | -15.1% |
| Stocks | 30/36 | €3,310 | €2,809 | -€501 | -15.1% |
| Amounts receivable within one year | 40/41 | €91,377 | €98,590 | +€7,213 | +7.9% |
| Trade receivables | 40 | €24,234 | €1,177 | -€23,057 | -95.1% |
| Other amounts receivable | 41 | €67,143 | €97,413 | +€30,270 | +45.1% |
| Cash at bank and in hand | 54/58 | €14,423 | €43,063 | +€28,640 | +198.6% |
| Deferred charges and accrued income | 490/1 | €5,754 | €11,705 | +€5,951 | +103.4% |
| Total equity and liabilities | 10/49 | €1,262,604 | €1,253,479 | -€9,125 | -0.7% |
| Equity | 10/15 | €819,978 | €854,551 | +€34,573 | +4.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €859,288 | €839,525 | -€19,763 | -2.3% |
| Tax-exempt reserves | 132 | €59,288 | €39,525 | -€19,763 | -33.3% |
| Distributable reserves | 133 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,310 | -€9,975 | +€54,335 | +84.5% |
| Amounts payable | 17/49 | €442,626 | €398,928 | -€43,698 | -9.9% |
| Amounts payable after more than one year | 17 | €170,535 | €121,206 | -€49,329 | -28.9% |
| Financial debts | 170/4 | €170,535 | €121,206 | -€49,329 | -28.9% |
| Amounts payable within one year | 42/48 | €271,716 | €276,112 | +€4,396 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €52,540 | €49,278 | -€3,262 | -6.2% |
| Financial debts | 43 | €25,375 | €25,000 | -€375 | -1.5% |
| Credit institutions | 430/8 | €375 | €0 | -€375 | -100.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €83,355 | €23,348 | -€60,007 | -72.0% |
| Suppliers | 440/4 | €83,355 | €23,348 | -€60,007 | -72.0% |
| Advances received on contracts in progress | 46 | €732 | €0 | -€732 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,272 | €21,317 | +€14,045 | +193.1% |
| Taxes | 450/3 | €7,272 | €21,317 | +€14,045 | +193.1% |
| Other amounts payable | 47/48 | €102,443 | €157,169 | +€54,726 | +53.4% |
| Accrued charges and deferred income | 492/3 | €375 | €1,610 | +€1,235 | +329.3% |
| Non-recurring operating income | 76A | - | €22,933 | +€22,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,692 | €87,410 | +€11,718 | +15.5% |
| Other operating charges | 640/8 | €55,320 | €38,446 | -€16,874 | -30.5% |
| Gross operating margin | 9900 | €10,908 | €168,032 | +€157,124 | +1440.4% |
| Operating profit (loss) | 9901 | -€120,103 | €42,176 | +€162,279 | |
| Financial income | 75/76B | €3,281 | €4,482 | +€1,201 | +36.6% |
| Recurring financial income | 75 | €3,281 | €4,482 | +€1,201 | +36.6% |
| Financial charges | 65/66B | €17,618 | €11,522 | -€6,096 | -34.6% |
| Recurring financial charges | 65 | €17,618 | €11,522 | -€6,096 | -34.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€134,441 | €35,136 | +€169,577 | |
| Income taxes | 67/77 | €303 | €563 | +€260 | +85.8% |
| Profit (loss) for the period | 9904 | -€134,745 | €34,573 | +€169,318 | |
| Transfer from tax-exempt reserves | 789 | €19,763 | €19,763 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €79,051 | €0 | -€79,051 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,033 | €54,336 | +€248,369 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.