S.B.R. CONSTRUCT: 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.R. CONSTRUCT
Largest movements
- Tangible fixed assets -€22,525
down €22,525 (-60.2%), from €37,419 to €14,894
of which Furniture and vehicles: -€21,121
- Cash -€2,600
down €2,600 (-80.4%), from €3,232 to €632
mainly Net result for the year (-€19,588) and Debts after one year (-€4,145)
- Deferred charges and accrued income +€1,281
up €1,281 (+189.5%), from €676 to €1,957
- Profit (loss) carried forward -€19,588
down €19,588 (-108.2%), from -€18,106 to -€37,694
- Tax, wage and social debts +€5,636
up €5,636 (+194.1%), from €2,903 to €8,539
of which Remuneration and social security: +€4,906
- Debts after one year -€4,145
down €4,145 (-44.9%), from €9,223 to €5,078
- Trade debts -€3,458
no longer reported in 2025 (was €3,458)
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin -€10,790
down €10,790 (-36.2%), from €29,767 to €18,977
- Staff costs -€2,380
down €2,380 (-14.6%), from €16,299 to €13,919
- Other operating charges +€461
up €461 (+90.9%), from €507 to €968
- Taxes +€399
new in 2025: €399
- Financial income -€378
down €378 (-20.5%), from €1,841 to €1,463
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 | €74,770 | €50,399 | -€24,371 | -32.6% |
| Fixed assets | 21/28 | €37,818 | €15,293 | -€22,525 | -59.6% |
| Tangible fixed assets | 22/27 | €37,419 | €14,894 | -€22,525 | -60.2% |
| Plant, machinery and equipment | 23 | €4,757 | €3,353 | -€1,404 | -29.5% |
| Furniture and vehicles | 24 | €32,662 | €11,541 | -€21,121 | -64.7% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €36,952 | €35,106 | -€1,846 | -5.0% |
| Amounts receivable within one year | 40/41 | €33,044 | €32,517 | -€527 | -1.6% |
| Trade receivables | 40 | - | €2,332 | +€2,332 | |
| Other amounts receivable | 41 | €33,044 | €30,185 | -€2,859 | -8.7% |
| Cash at bank and in hand | 54/58 | €3,232 | €632 | -€2,600 | -80.4% |
| Deferred charges and accrued income | 490/1 | €676 | €1,957 | +€1,281 | +189.5% |
| Total equity and liabilities | 10/49 | €74,770 | €50,399 | -€24,371 | -32.6% |
| Equity | 10/15 | €52,225 | €32,637 | -€19,588 | -37.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €63,831 | €63,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €61,331 | €61,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,106 | -€37,694 | -€19,588 | -108.2% |
| Amounts payable | 17/49 | €22,545 | €17,762 | -€4,783 | -21.2% |
| Amounts payable after more than one year | 17 | €9,223 | €5,078 | -€4,145 | -44.9% |
| Financial debts | 170/4 | €9,223 | €5,078 | -€4,145 | -44.9% |
| Amounts payable within one year | 42/48 | €13,322 | €12,684 | -€638 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €3,961 | €4,145 | +€184 | +4.6% |
| Trade debts | 44 | €3,458 | - | -€3,458 | |
| Suppliers | 440/4 | €3,458 | - | -€3,458 | |
| Taxes, remuneration and social security | 45 | €2,903 | €8,539 | +€5,636 | +194.1% |
| Taxes | 450/3 | - | €730 | +€730 | |
| Remuneration and social security | 454/9 | €2,903 | €7,809 | +€4,906 | +169.0% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Non-recurring operating income | 76A | €3,502 | - | -€3,502 | |
| Remuneration, social security and pensions | 62 | €16,299 | €13,919 | -€2,380 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,266 | €24,028 | -€238 | -1.0% |
| Other operating charges | 640/8 | €507 | €968 | +€461 | +90.9% |
| Gross operating margin | 9900 | €29,767 | €18,977 | -€10,790 | -36.2% |
| Operating profit (loss) | 9901 | -€11,305 | -€19,938 | -€8,633 | -76.4% |
| Financial income | 75/76B | €1,841 | €1,463 | -€378 | -20.5% |
| Recurring financial income | 75 | €1,841 | €1,463 | -€378 | -20.5% |
| Financial charges | 65/66B | €1,030 | €714 | -€316 | -30.7% |
| Recurring financial charges | 65 | €1,030 | €714 | -€316 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,494 | -€19,189 | -€8,695 | -82.9% |
| Income taxes | 67/77 | - | €399 | +€399 | |
| Profit (loss) for the period | 9904 | -€10,494 | -€19,588 | -€9,094 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,494 | -€19,588 | -€9,094 | -86.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.