S.B. TOWER: what changed
What changed
S.B. TOWER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€12,081
2023 · €12,485-€403
Equity
€185,682
2023 · €173,601+€12,081
Cash
€89,312
2023 · €74,314+€14,998
Balance sheet total
€191,919
2023 · €180,586+€11,332
Largest movements
Assets
- Cash +€14,998
up €14,998 (+20.2%), from €74,314 to €89,312
mainly Net result for the year (+€12,081) and Depreciation (+€2,648)
- Tangible fixed assets -€2,648
down €2,648 (-8.3%), from €31,725 to €29,077
of which Land and buildings: -€2,648
Equity and liabilities
- Profit (loss) carried forward +€12,081
up €12,081 (+2.2%), from -€539,699 to -€527,618
Income statement
- Gross operating margin -€4,308
down €4,308 (-20.3%), from €21,182 to €16,874
- Other operating charges -€3,963
down €3,963 (-68.8%), from €5,760 to €1,797
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€12,485
Gross operating margin
-€4,308
Other operating charges
+€3,963
Financial charges
-€58
Result 2024
€12,081
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,998
Investment
€0
Financing
€0
Cash 2023
€74,314
From operations (derived)
+€14,998
Net result for the year
+€12,081
Depreciation
+€2,648
Receivables within one year
+€1,018
Trade debts
-€836
Tax, wage and social debts
+€87
Cash 2024
€89,312
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,586 | €191,919 | +€11,332 | +6.3% |
| Fixed assets | 21/28 | €101,558 | €98,910 | -€2,648 | -2.6% |
| Tangible fixed assets | 22/27 | €31,725 | €29,077 | -€2,648 | -8.3% |
| Land and buildings | 22 | €31,725 | €29,077 | -€2,648 | -8.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €69,834 | €69,834 | = | 0.0% |
| Current assets | 29/58 | €79,028 | €93,008 | +€13,980 | +17.7% |
| Amounts receivable within one year | 40/41 | €4,714 | €3,696 | -€1,018 | -21.6% |
| Trade receivables | 40 | €709 | - | -€709 | |
| Other amounts receivable | 41 | €4,005 | €3,696 | -€308 | -7.7% |
| Cash at bank and in hand | 54/58 | €74,314 | €89,312 | +€14,998 | +20.2% |
| Total equity and liabilities | 10/49 | €180,586 | €191,919 | +€11,332 | +6.3% |
| Equity | 10/15 | €173,601 | €185,682 | +€12,081 | +7.0% |
| Contributions | 10/11 | €678,600 | €678,600 | = | 0.0% |
| Capital | 10 | €678,600 | €678,600 | = | 0.0% |
| Issued capital | 100 | €678,600 | €678,600 | = | 0.0% |
| Reserves | 13 | €34,700 | €34,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,700 | €34,700 | = | 0.0% |
| Legal reserve | 130 | €34,700 | €34,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€539,699 | -€527,618 | +€12,081 | +2.2% |
| Amounts payable | 17/49 | €6,985 | €6,236 | -€749 | -10.7% |
| Amounts payable after more than one year | 17 | €900 | €900 | = | 0.0% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,085 | €5,336 | -€749 | -12.3% |
| Trade debts | 44 | €6,085 | €5,249 | -€836 | -13.7% |
| Suppliers | 440/4 | €6,085 | €5,249 | -€836 | -13.7% |
| Taxes, remuneration and social security | 45 | - | €87 | +€87 | |
| Taxes | 450/3 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €2,648 | = | 0.0% |
| Other operating charges | 640/8 | €5,760 | €1,797 | -€3,963 | -68.8% |
| Gross operating margin | 9900 | €21,182 | €16,874 | -€4,308 | -20.3% |
| Operating profit (loss) | 9901 | €12,775 | €12,429 | -€345 | -2.7% |
| Financial charges | 65/66B | €290 | €348 | +€58 | +20.1% |
| Recurring financial charges | 65 | €290 | €348 | +€58 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €12,485 | €12,081 | -€403 | -3.2% |
| Profit (loss) for the period | 9904 | €12,485 | €12,081 | -€403 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,485 | €12,081 | -€403 | -3.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.