SB BLUE CLEAN: 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 BLUE CLEAN
Largest movements
- Receivables within one year +€61,535
up €61,535 (+30.5%), from €201,618 to €263,153
of which Other amounts receivable: +€74,540
- Other debts +€150,000
new in 2025: €150,000
- Reserves -€83,966
down €83,966 (-54.9%), from €153,016 to €69,050
of which Distributable reserves: -€84,213
- Accrued charges and deferred income +€11,101
up €11,101 (+362%), from €3,066 to €14,167
- Trade debts -€6,779
down €6,779 (-29.9%), from €22,666 to €15,887
- Current portion of long-term debt -€5,908
down €5,908 (-21.4%), from €27,573 to €21,666
- Gross operating margin -€68,915
down €68,915 (-6.7%), from €1.0m to €958,552
- Staff costs -€41,836
down €41,836 (-4.6%), from €908,737 to €866,901
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 | €329,347 | €388,620 | +€59,274 | +18.0% |
| Fixed assets | 21/28 | €17,397 | €15,965 | -€1,433 | -8.2% |
| Tangible fixed assets | 22/27 | €17,397 | €15,965 | -€1,433 | -8.2% |
| Plant, machinery and equipment | 23 | €1,460 | €2,230 | +€770 | +52.8% |
| Furniture and vehicles | 24 | €5,317 | €4,797 | -€520 | -9.8% |
| Other tangible fixed assets | 26 | €10,621 | €8,937 | -€1,683 | -15.8% |
| Current assets | 29/58 | €311,949 | €372,656 | +€60,707 | +19.5% |
| Amounts receivable within one year | 40/41 | €201,618 | €263,153 | +€61,535 | +30.5% |
| Trade receivables | 40 | €116,780 | €103,775 | -€13,005 | -11.1% |
| Other amounts receivable | 41 | €84,838 | €159,378 | +€74,540 | +87.9% |
| Cash at bank and in hand | 54/58 | €107,296 | €105,120 | -€2,176 | -2.0% |
| Deferred charges and accrued income | 490/1 | €3,035 | €4,383 | +€1,348 | +44.4% |
| Total equity and liabilities | 10/49 | €329,347 | €388,620 | +€59,274 | +18.0% |
| Equity | 10/15 | €171,616 | €87,650 | -€83,966 | -48.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,016 | €69,050 | -€83,966 | -54.9% |
| Tax-exempt reserves | 132 | €495 | €742 | +€247 | +49.8% |
| Distributable reserves | 133 | €152,521 | €68,308 | -€84,213 | -55.2% |
| Amounts payable | 17/49 | €157,730 | €300,971 | +€143,240 | +90.8% |
| Amounts payable within one year | 42/48 | €154,665 | €286,804 | +€132,139 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | €27,573 | €21,666 | -€5,908 | -21.4% |
| Trade debts | 44 | €22,666 | €15,887 | -€6,779 | -29.9% |
| Suppliers | 440/4 | €22,666 | €15,887 | -€6,779 | -29.9% |
| Taxes, remuneration and social security | 45 | €104,425 | €99,251 | -€5,175 | -5.0% |
| Taxes | 450/3 | €17,238 | €11,983 | -€5,255 | -30.5% |
| Remuneration and social security | 454/9 | €87,187 | €87,268 | +€80 | +0.1% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | €3,066 | €14,167 | +€11,101 | +362% |
| Remuneration, social security and pensions | 62 | €908,737 | €866,901 | -€41,836 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,686 | €5,117 | +€431 | +9.2% |
| Other operating charges | 640/8 | €1,391 | €3,240 | +€1,849 | +133% |
| Gross operating margin | 9900 | €1,027,467 | €958,552 | -€68,915 | -6.7% |
| Operating profit (loss) | 9901 | €112,652 | €83,294 | -€29,359 | -26.1% |
| Financial income | 75/76B | €3,851 | €10,562 | +€6,711 | +174% |
| Recurring financial income | 75 | €3,851 | €10,562 | +€6,711 | +174% |
| Financial charges | 65/66B | €4,616 | €3,839 | -€777 | -16.8% |
| Recurring financial charges | 65 | €4,616 | €3,839 | -€777 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €111,887 | €90,017 | -€21,871 | -19.5% |
| Income taxes | 67/77 | €29,238 | €23,983 | -€5,255 | -18.0% |
| Profit (loss) for the period | 9904 | €82,649 | €66,034 | -€16,616 | -20.1% |
| Transfer to tax-exempt reserves | 689 | €247 | €247 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,403 | €65,787 | -€16,616 | -20.2% |
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 1 November 2026 via checked.be.