SB’Art: 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.
SB’Art
Largest movements
- Stocks and contracts +€8,650
up €8,650 (+192%), from €4,500 to €13,150
- Cash -€5,909
no longer reported in 2025 (was €5,909)
mainly Investment in fixed assets (net) (-€11,812) and Stocks and contracts (-€8,650)
- Tangible fixed assets +€3,626
up €3,626 (+10.7%), from €34,004 to €37,631
of which Furniture and vehicles: +€7,634
- Reserves +€5,626
up €5,626 (+13.2%), from €42,652 to €48,278
- Trade debts +€2,280
up €2,280 (+32.9%), from €6,926 to €9,205
- Other debts -€1,773
down €1,773 (-92.4%), from €1,918 to €145
- Tax, wage and social debts -€994
down €994 (-19.3%), from €5,159 to €4,165
of which Taxes: -€2,833
- Short-term financial debts +€903
new in 2025: €903
- Taxes -€531
down €531 (-22.8%), from €2,325 to €1,795
- Gross operating margin -€346
down €346 (-1.6%), from €21,083 to €20,738
- Financial charges +€332
up €332 (+7.5%), from €4,425 to €4,757
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 | €59,154 | €65,196 | +€6,041 | +10.2% |
| Fixed assets | 21/28 | €34,004 | €37,631 | +€3,626 | +10.7% |
| Tangible fixed assets | 22/27 | €34,004 | €37,631 | +€3,626 | +10.7% |
| Land and buildings | 22 | €7,119 | €6,705 | -€414 | -5.8% |
| Plant, machinery and equipment | 23 | €10,169 | €6,575 | -€3,594 | -35.3% |
| Furniture and vehicles | 24 | €16,716 | €24,351 | +€7,634 | +45.7% |
| Current assets | 29/58 | €25,150 | €27,565 | +€2,415 | +9.6% |
| Stocks and contracts in progress | 3 | €4,500 | €13,150 | +€8,650 | +192% |
| Contracts in progress | 37 | €4,500 | €13,150 | +€8,650 | +192% |
| Amounts receivable within one year | 40/41 | €14,593 | €14,415 | -€177 | -1.2% |
| Trade receivables | 40 | €13,085 | €12,728 | -€357 | -2.7% |
| Other amounts receivable | 41 | €1,507 | €1,687 | +€180 | +11.9% |
| Cash at bank and in hand | 54/58 | €5,909 | - | -€5,909 | |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €59,154 | €65,196 | +€6,041 | +10.2% |
| Equity | 10/15 | €45,152 | €50,778 | +€5,626 | +12.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,652 | €48,278 | +€5,626 | +13.2% |
| Distributable reserves | 133 | €42,652 | €48,278 | +€5,626 | +13.2% |
| Amounts payable | 17/49 | €14,002 | €14,418 | +€416 | +3.0% |
| Amounts payable within one year | 42/48 | €14,002 | €14,418 | +€416 | +3.0% |
| Financial debts | 43 | - | €903 | +€903 | |
| Credit institutions | 430/8 | - | €903 | +€903 | |
| Trade debts | 44 | €6,926 | €9,205 | +€2,280 | +32.9% |
| Suppliers | 440/4 | €6,926 | €9,205 | +€2,280 | +32.9% |
| Taxes, remuneration and social security | 45 | €5,159 | €4,165 | -€994 | -19.3% |
| Taxes | 450/3 | €5,159 | €2,325 | -€2,833 | -54.9% |
| Remuneration and social security | 454/9 | - | €1,840 | +€1,840 | |
| Other amounts payable | 47/48 | €1,918 | €145 | -€1,773 | -92.4% |
| Non-recurring operating income | 76A | €753 | - | -€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,276 | €8,186 | -€90 | -1.1% |
| Other operating charges | 640/8 | €393 | €387 | -€5 | -1.4% |
| Gross operating margin | 9900 | €21,083 | €20,738 | -€346 | -1.6% |
| Operating profit (loss) | 9901 | €12,414 | €12,164 | -€250 | -2.0% |
| Financial income | 75/76B | €1 | €13 | +€12 | +958% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +958% |
| Financial charges | 65/66B | €4,425 | €4,757 | +€332 | +7.5% |
| Recurring financial charges | 65 | €4,425 | €4,757 | +€332 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €7,990 | €7,420 | -€570 | -7.1% |
| Income taxes | 67/77 | €2,325 | €1,795 | -€531 | -22.8% |
| Profit (loss) for the period | 9904 | €5,665 | €5,626 | -€40 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,665 | €5,626 | -€40 | -0.7% |
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 25 October 2026 via checked.be.