SB BAU: 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 BAU
Largest movements
- Receivables within one year +€23,696
up €23,696 (+145%), from €16,299 to €39,996
of which Trade receivables: +€31,435
- Tangible fixed assets -€12,573
down €12,573 (-27.0%), from €46,634 to €34,062
of which Leasing and similar rights: -€6,778
- Cash +€10,940
up €10,940 (+55.2%), from €19,806 to €30,746
mainly Net result for the year (+€24,913) and Depreciation (+€13,768)
- Deferred charges and accrued income +€1,528
up €1,528 (+78.5%), from €1,947 to €3,474
- Profit (loss) carried forward +€22,013
up €22,013 (+108%), from €20,339 to €42,352
- Debts after one year -€11,982
down €11,982 (-38.3%), from €31,315 to €19,334
- Tax, wage and social debts +€6,484
up €6,484 (+109%), from €5,954 to €12,438
- Trade debts +€6,390
up €6,390 (+101%), from €6,317 to €12,707
- Gross operating margin +€16,146
up €16,146 (+49.3%), from €32,720 to €48,866
- Depreciation +€5,291
up €5,291 (+62.4%), from €8,477 to €13,768
- Taxes +€2,627
up €2,627 (+65.7%), from €3,999 to €6,626
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,686 | €108,278 | +€23,592 | +27.9% |
| Fixed assets | 21/28 | €46,634 | €34,062 | -€12,573 | -27.0% |
| Tangible fixed assets | 22/27 | €46,634 | €34,062 | -€12,573 | -27.0% |
| Plant, machinery and equipment | 23 | - | €900 | +€900 | |
| Furniture and vehicles | 24 | €14,712 | €8,018 | -€6,694 | -45.5% |
| Leasing and similar rights | 25 | €31,922 | €25,144 | -€6,778 | -21.2% |
| Current assets | 29/58 | €38,051 | €74,216 | +€36,165 | +95.0% |
| Amounts receivable within one year | 40/41 | €16,299 | €39,996 | +€23,696 | +145% |
| Trade receivables | 40 | €5,075 | €36,510 | +€31,435 | +619% |
| Other amounts receivable | 41 | €11,224 | €3,486 | -€7,739 | -68.9% |
| Cash at bank and in hand | 54/58 | €19,806 | €30,746 | +€10,940 | +55.2% |
| Deferred charges and accrued income | 490/1 | €1,947 | €3,474 | +€1,528 | +78.5% |
| Total equity and liabilities | 10/49 | €84,686 | €108,278 | +€23,592 | +27.9% |
| Equity | 10/15 | €27,339 | €49,352 | +€22,013 | +80.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,339 | €42,352 | +€22,013 | +108% |
| Amounts payable | 17/49 | €57,347 | €58,926 | +€1,578 | +2.8% |
| Amounts payable after more than one year | 17 | €31,315 | €19,334 | -€11,982 | -38.3% |
| Financial debts | 170/4 | €31,315 | €19,334 | -€11,982 | -38.3% |
| Amounts payable within one year | 42/48 | €26,032 | €39,592 | +€13,560 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €11,459 | €11,982 | +€523 | +4.6% |
| Trade debts | 44 | €6,317 | €12,707 | +€6,390 | +101% |
| Suppliers | 440/4 | €6,317 | €12,707 | +€6,390 | +101% |
| Taxes, remuneration and social security | 45 | €5,954 | €12,438 | +€6,484 | +109% |
| Taxes | 450/3 | €5,954 | €12,438 | +€6,484 | +109% |
| Other amounts payable | 47/48 | €2,302 | €2,465 | +€163 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,477 | €13,768 | +€5,291 | +62.4% |
| Other operating charges | 640/8 | €1,285 | €1,733 | +€448 | +34.9% |
| Gross operating margin | 9900 | €32,720 | €48,866 | +€16,146 | +49.3% |
| Operating profit (loss) | 9901 | €22,958 | €33,365 | +€10,407 | +45.3% |
| Financial income | 75/76B | €4 | €11 | +€6 | +137% |
| Recurring financial income | 75 | €4 | €11 | +€6 | +137% |
| Financial charges | 65/66B | €1,652 | €1,836 | +€185 | +11.2% |
| Recurring financial charges | 65 | €1,652 | €1,836 | +€185 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €21,311 | €31,540 | +€10,228 | +48.0% |
| Income taxes | 67/77 | €3,999 | €6,626 | +€2,627 | +65.7% |
| Profit (loss) for the period | 9904 | €17,312 | €24,913 | +€7,602 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,312 | €24,913 | +€7,602 | +43.9% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.