S.F.B.: 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.F.B.
Largest movements
- Cash -€57,306
no longer reported in 2025 (was €57,306)
mainly Trade debts (-€63,235) and Current portion of long-term debt (-€29,220)
- Receivables within one year -€48,247
down €48,247 (-8.7%), from €552,248 to €504,001
of which Trade receivables: -€47,817
- Deferred charges and accrued income +€16,802
new in 2025: €16,802
- Tangible fixed assets -€8,489
down €8,489 (-34.7%), from €24,459 to €15,970
of which Furniture and vehicles: -€7,451
- Trade debts -€63,235
down €63,235 (-22.9%), from €275,626 to €212,390
of which Bills of exchange payable: -€243,187
- Current portion of long-term debt -€29,220
no longer reported in 2025 (was €29,220)
- Tax, wage and social debts -€16,712
down €16,712 (-80.6%), from €20,734 to €4,022
- Debts after one year +€9,157
up €9,157 (+12.6%), from €72,809 to €81,966
- Turnover -€114,770
down €114,770 (-15.6%), from €736,569 to €621,799
- Purchases and services +€91,617
up €91,617 (+14.2%), from €647,020 to €738,636
- Gross operating margin -€49,695
down €49,695 (-68.3%), from €72,752 to €23,057
- Depreciation -€8,534
down €8,534 (-46.9%), from €18,188 to €9,653
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 | €634,013 | €536,774 | -€97,239 | -15.3% |
| Fixed assets | 21/28 | €24,459 | €15,970 | -€8,489 | -34.7% |
| Tangible fixed assets | 22/27 | €24,459 | €15,970 | -€8,489 | -34.7% |
| Land and buildings | 22 | €15,000 | €15,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,039 | - | -€1,039 | |
| Furniture and vehicles | 24 | €8,421 | €970 | -€7,451 | -88.5% |
| Current assets | 29/58 | €609,554 | €520,803 | -€88,750 | -14.6% |
| Amounts receivable within one year | 40/41 | €552,248 | €504,001 | -€48,247 | -8.7% |
| Trade receivables | 40 | €499,202 | €451,385 | -€47,817 | -9.6% |
| Other amounts receivable | 41 | €53,047 | €52,616 | -€430 | -0.8% |
| Cash at bank and in hand | 54/58 | €57,306 | - | -€57,306 | |
| Deferred charges and accrued income | 490/1 | - | €16,802 | +€16,802 | |
| Total equity and liabilities | 10/49 | €634,013 | €536,774 | -€97,239 | -15.3% |
| Equity | 10/15 | €219,424 | €221,590 | +€2,166 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,996 | €115,996 | = | 0.0% |
| Distributable reserves | 133 | €115,996 | €115,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,228 | €99,394 | +€2,166 | +2.2% |
| Provisions and deferred taxes | 16 | €16,200 | €16,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,200 | €16,200 | = | 0.0% |
| Environmental obligations | 163 | €16,200 | €16,200 | = | 0.0% |
| Amounts payable | 17/49 | €398,389 | €298,984 | -€99,405 | -25.0% |
| Amounts payable after more than one year | 17 | €72,809 | €81,966 | +€9,157 | +12.6% |
| Financial debts | 170/4 | €72,809 | €81,966 | +€9,157 | +12.6% |
| Amounts payable within one year | 42/48 | €325,580 | €217,018 | -€108,562 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €29,220 | - | -€29,220 | |
| Financial debts | 43 | - | €605 | +€605 | |
| Credit institutions | 430/8 | - | €605 | +€605 | |
| Trade debts | 44 | €275,626 | €212,390 | -€63,235 | -22.9% |
| Suppliers | 440/4 | €32,439 | €212,390 | +€179,952 | +555% |
| Bills of exchange payable | 441 | €243,187 | - | -€243,187 | |
| Taxes, remuneration and social security | 45 | €20,734 | €4,022 | -€16,712 | -80.6% |
| Taxes | 450/3 | €20,734 | €4,022 | -€16,712 | -80.6% |
| Turnover | 70 | €736,569 | €621,799 | -€114,770 | -15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €647,020 | €738,636 | +€91,617 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,188 | €9,653 | -€8,534 | -46.9% |
| Other operating charges | 640/8 | €2,855 | €3,814 | +€959 | +33.6% |
| Gross operating margin | 9900 | €72,752 | €23,057 | -€49,695 | -68.3% |
| Operating profit (loss) | 9901 | €51,709 | €9,590 | -€42,119 | -81.5% |
| Financial charges | 65/66B | €2,825 | €910 | -€1,915 | -67.8% |
| Recurring financial charges | 65 | €2,825 | €910 | -€1,915 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €48,884 | €8,679 | -€40,205 | -82.2% |
| Income taxes | 67/77 | - | €6,514 | +€6,514 | |
| Profit (loss) for the period | 9904 | €48,884 | €2,166 | -€46,718 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,884 | €2,166 | -€46,718 | -95.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.