S&B Trade: 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 Trade
Largest movements
- Cash -€17,795
down €17,795 (-37.6%), from €47,304 to €29,509
mainly Contributions, distributions and other (-€132,060) and Investment in fixed assets (net) (-€4,532)
- Deferred charges and accrued income -€17,174
down €17,174 (-91.5%), from €18,765 to €1,591
- Tangible fixed assets -€10,955
down €10,955 (-19.6%), from €55,788 to €44,832
of which Plant, machinery and equipment: -€6,503
- Reserves -€113,022
down €113,022 (-91.0%), from €124,188 to €11,166
- Other debts +€61,897
up €61,897 (+443,073%), from €14 to €61,911
- Tax, wage and social debts +€5,739
up €5,739 (+103%), from €5,568 to €11,307
of which Remuneration and social security: +€2,983
- Gross operating margin -€14,615
down €14,615 (-25.5%), from €57,325 to €42,710
- Financial income -€8,106
down €8,106 (-96.4%), from €8,412 to €306
of which Non-recurring financial income: -€8,098
- Taxes -€6,750
down €6,750 (-58.3%), from €11,571 to €4,821
- Financial charges +€1,006
up €1,006 (+50.3%), from €2,000 to €3,005
of which Financial charges: +€2,576
- Depreciation +€617
up €617 (+4.2%), from €14,871 to €15,488
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 | €148,815 | €104,007 | -€44,807 | -30.1% |
| Fixed assets | 21/28 | €55,868 | €44,912 | -€10,955 | -19.6% |
| Tangible fixed assets | 22/27 | €55,788 | €44,832 | -€10,955 | -19.6% |
| Plant, machinery and equipment | 23 | €18,658 | €12,155 | -€6,503 | -34.9% |
| Furniture and vehicles | 24 | €37,130 | €32,677 | -€4,453 | -12.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €92,947 | €59,095 | -€33,852 | -36.4% |
| Amounts receivable within one year | 40/41 | €26,878 | €27,995 | +€1,117 | +4.2% |
| Trade receivables | 40 | €15,569 | €19,695 | +€4,126 | +26.5% |
| Other amounts receivable | 41 | €11,309 | €8,300 | -€3,009 | -26.6% |
| Cash at bank and in hand | 54/58 | €47,304 | €29,509 | -€17,795 | -37.6% |
| Deferred charges and accrued income | 490/1 | €18,765 | €1,591 | -€17,174 | -91.5% |
| Total equity and liabilities | 10/49 | €148,815 | €104,007 | -€44,807 | -30.1% |
| Equity | 10/15 | €142,788 | €29,766 | -€113,022 | -79.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,188 | €11,166 | -€113,022 | -91.0% |
| Distributable reserves | 133 | €124,188 | €11,166 | -€113,022 | -91.0% |
| Amounts payable | 17/49 | €6,026 | €74,241 | +€68,215 | +1,132% |
| Amounts payable within one year | 42/48 | €6,026 | €74,241 | +€68,215 | +1,132% |
| Trade debts | 44 | €444 | €1,022 | +€578 | +130% |
| Suppliers | 440/4 | €444 | €1,022 | +€578 | +130% |
| Taxes, remuneration and social security | 45 | €5,568 | €11,307 | +€5,739 | +103% |
| Taxes | 450/3 | €5,467 | €8,223 | +€2,756 | +50.4% |
| Remuneration and social security | 454/9 | €101 | €3,084 | +€2,983 | +2,948% |
| Other amounts payable | 47/48 | €14 | €61,911 | +€61,897 | +443,073% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,871 | €15,488 | +€617 | +4.2% |
| Other operating charges | 640/8 | €1,106 | €663 | -€443 | -40.0% |
| Gross operating margin | 9900 | €57,325 | €42,710 | -€14,615 | -25.5% |
| Operating profit (loss) | 9901 | €41,348 | €26,559 | -€14,789 | -35.8% |
| Financial income | 75/76B | €8,412 | €306 | -€8,106 | -96.4% |
| Recurring financial income | 75 | €314 | €306 | -€8 | -2.6% |
| Non-recurring financial income | 76B | €8,098 | - | -€8,098 | |
| Financial charges | 65/66B | €2,000 | €3,005 | +€1,006 | +50.3% |
| Recurring financial charges | 65 | €429 | €3,005 | +€2,576 | +600% |
| Non-recurring financial charges | 66B | €1,571 | - | -€1,571 | |
| Profit (loss) for the period before taxes | 9903 | €47,760 | €23,859 | -€23,901 | -50.0% |
| Income taxes | 67/77 | €11,571 | €4,821 | -€6,750 | -58.3% |
| Profit (loss) for the period | 9904 | €36,189 | €19,038 | -€17,151 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,189 | €19,038 | -€17,151 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.