S&BD CONSULT: 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&BD CONSULT
Largest movements
- Receivables within one year -€111,335
down €111,335 (-99.6%), from €111,743 to €408
of which Other amounts receivable: -€100,085
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€3,255
up €3,255 (+111%), from €2,934 to €6,189
- Financial charges -€1,880
down €1,880 (-37.5%), from €5,014 to €3,134
- Gross operating margin +€712
up €712 (+5.1%), from €13,979 to €14,690
- Other operating charges -€270
down €270 (-11.4%), from €2,378 to €2,108
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 | €7,672,773 | €7,625,959 | -€46,815 | -0.6% |
| Fixed assets | 21/28 | €7,353,845 | €7,353,803 | -€42 | 0.0% |
| Tangible fixed assets | 22/27 | €5,508 | €5,466 | -€42 | -0.8% |
| Plant, machinery and equipment | 23 | - | €1,666 | +€1,666 | |
| Furniture and vehicles | 24 | €5,508 | €3,800 | -€1,708 | -31.0% |
| Financial fixed assets | 28 | €7,348,337 | €7,348,337 | = | 0.0% |
| Current assets | 29/58 | €318,928 | €272,155 | -€46,773 | -14.7% |
| Amounts receivable within one year | 40/41 | €111,743 | €408 | -€111,335 | -99.6% |
| Trade receivables | 40 | €11,250 | - | -€11,250 | |
| Other amounts receivable | 41 | €100,493 | €408 | -€100,085 | -99.6% |
| Cash at bank and in hand | 54/58 | €202,835 | €266,955 | +€64,119 | +31.6% |
| Deferred charges and accrued income | 490/1 | €4,350 | €4,792 | +€442 | +10.2% |
| Total equity and liabilities | 10/49 | €7,672,773 | €7,625,959 | -€46,815 | -0.6% |
| Equity | 10/15 | €7,539,302 | €7,541,041 | +€1,739 | 0.0% |
| Contributions | 10/11 | €7,360,737 | €7,360,737 | = | 0.0% |
| Reserves | 13 | €178,565 | €180,304 | +€1,739 | +1.0% |
| Distributable reserves | 133 | €178,565 | €180,304 | +€1,739 | +1.0% |
| Amounts payable | 17/49 | €133,472 | €84,917 | -€48,554 | -36.4% |
| Amounts payable within one year | 42/48 | €125,871 | €74,253 | -€51,618 | -41.0% |
| Trade debts | 44 | €76,260 | €184 | -€76,075 | -99.8% |
| Suppliers | 440/4 | €76,260 | €184 | -€76,075 | -99.8% |
| Taxes, remuneration and social security | 45 | €3,148 | €5,011 | +€1,862 | +59.1% |
| Taxes | 450/3 | €1,361 | €3,121 | +€1,760 | +129% |
| Remuneration and social security | 454/9 | €1,787 | €1,890 | +€103 | +5.7% |
| Other amounts payable | 47/48 | €46,463 | €69,058 | +€22,595 | +48.6% |
| Accrued charges and deferred income | 492/3 | €7,601 | €10,665 | +€3,064 | +40.3% |
| Non-recurring operating income | 76A | €3,115 | - | -€3,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | €1,763 | +€119 | +7.3% |
| Other operating charges | 640/8 | €2,378 | €2,108 | -€270 | -11.4% |
| Gross operating margin | 9900 | €13,979 | €14,690 | +€712 | +5.1% |
| Operating profit (loss) | 9901 | €9,957 | €10,820 | +€862 | +8.7% |
| Financial income | 75/76B | €242 | €243 | +€1 | +0.4% |
| Recurring financial income | 75 | €242 | €243 | +€1 | +0.4% |
| Financial charges | 65/66B | €5,014 | €3,134 | -€1,880 | -37.5% |
| Recurring financial charges | 65 | €5,014 | €3,134 | -€1,880 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €5,185 | €7,929 | +€2,743 | +52.9% |
| Income taxes | 67/77 | €2,934 | €6,189 | +€3,255 | +111% |
| Profit (loss) for the period | 9904 | €2,251 | €1,739 | -€512 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,251 | €1,739 | -€512 | -22.7% |
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 29 October 2026 via checked.be.