SB BENELUX: what changed
Two fiscal 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 BENELUX
Largest movements
- Receivables within one year -€36,077
down €36,077 (-42.4%), from €85,053 to €48,976
of which Other amounts receivable: -€53,212
- Cash -€19,464
down €19,464 (-23.7%), from €82,130 to €62,666
mainly Contributions, distributions and other (-€50,000) and Short-term financial debts (-€30,000)
- Stocks and contracts +€19,145
up €19,145 (+20.3%), from €94,307 to €113,452
- Short-term financial debts -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Accrued charges and deferred income -€11,821
down €11,821 (-97.7%), from €12,095 to €274
- Current portion of long-term debt -€11,554
down €11,554 (-82.8%), from €13,957 to €2,403
- Other debts +€9,432
up €9,432 (+22.7%), from €41,560 to €50,992
- Tax, wage and social debts +€9,127
up €9,127 (+1474.5%), from €619 to €9,746
- Gross operating margin -€23,094
down €23,094 (-26.4%), from €87,612 to €64,518
- Taxes -€7,757
down €7,757 (-82.7%), from €9,375 to €1,618
- Financial charges -€1,281
down €1,281 (-12.4%), from €10,369 to €9,089
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.
Cash bridge derived
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 | €262,870 | €226,484 | -€36,386 | -13.8% |
| Fixed assets | 21/28 | €1,000 | €992 | -€8 | -0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,000 | €992 | -€8 | -0.8% |
| Plant, machinery and equipment | 23 | €1,000 | €992 | -€8 | -0.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €261,870 | €225,492 | -€36,378 | -13.9% |
| Stocks and contracts in progress | 3 | €94,307 | €113,452 | +€19,145 | +20.3% |
| Stocks | 30/36 | €94,307 | €113,452 | +€19,145 | +20.3% |
| Amounts receivable within one year | 40/41 | €85,053 | €48,976 | -€36,077 | -42.4% |
| Trade receivables | 40 | €4,607 | €21,743 | +€17,136 | +372.0% |
| Other amounts receivable | 41 | €80,446 | €27,234 | -€53,212 | -66.1% |
| Cash at bank and in hand | 54/58 | €82,130 | €62,666 | -€19,464 | -23.7% |
| Deferred charges and accrued income | 490/1 | €380 | €398 | +€18 | +4.7% |
| Total equity and liabilities | 10/49 | €262,870 | €226,484 | -€36,386 | -13.8% |
| Equity | 10/15 | €42,957 | €45,972 | +€3,015 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,357 | €27,372 | +€3,015 | +12.4% |
| Amounts payable | 17/49 | €219,913 | €180,512 | -€39,401 | -17.9% |
| Amounts payable after more than one year | 17 | €2,403 | - | -€2,403 | |
| Financial debts | 170/4 | €2,403 | - | -€2,403 | |
| Amounts payable within one year | 42/48 | €205,416 | €180,238 | -€25,177 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €13,957 | €2,403 | -€11,554 | -82.8% |
| Financial debts | 43 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Credit institutions | 430/8 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Trade debts | 44 | €49,280 | €47,097 | -€2,183 | -4.4% |
| Suppliers | 440/4 | €49,280 | €47,097 | -€2,183 | -4.4% |
| Taxes, remuneration and social security | 45 | €619 | €9,746 | +€9,127 | +1474.5% |
| Taxes | 450/3 | €619 | €9,746 | +€9,127 | +1474.5% |
| Other amounts payable | 47/48 | €41,560 | €50,992 | +€9,432 | +22.7% |
| Accrued charges and deferred income | 492/3 | €12,095 | €274 | -€11,821 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €644 | +€222 | +52.4% |
| Other operating charges | 640/8 | €850 | €693 | -€157 | -18.5% |
| Gross operating margin | 9900 | €87,612 | €64,518 | -€23,094 | -26.4% |
| Operating profit (loss) | 9901 | €86,339 | €63,182 | -€23,158 | -26.8% |
| Financial income | 75/76B | €1 | €540 | +€539 | +89893.3% |
| Recurring financial income | 75 | €1 | €540 | +€539 | +89893.3% |
| Financial charges | 65/66B | €10,369 | €9,089 | -€1,281 | -12.4% |
| Recurring financial charges | 65 | €10,369 | €9,089 | -€1,281 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €75,970 | €54,633 | -€21,337 | -28.1% |
| Income taxes | 67/77 | €9,375 | €1,618 | -€7,757 | -82.7% |
| Profit (loss) for the period | 9904 | €66,595 | €53,015 | -€13,580 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,595 | €53,015 | -€13,580 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.