SB BUSINESS: 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 BUSINESS
Largest movements
- Receivables within one year +€14,409
up €14,409 (+32.2%), from €44,706 to €59,114
of which Trade receivables: +€13,820
- Cash -€12,621
down €12,621 (-85.4%), from €14,774 to €2,152
mainly Receivables within one year (-€14,409) and Trade debts (-€7,259)
- Other debts +€9,278
new in 2025: €9,278
- Trade debts -€7,259
down €7,259 (-51.6%), from €14,060 to €6,801
- Gross operating margin -€30,410
down €30,410 (-96.8%), from €31,418 to €1,008
- Depreciation -€316
no longer reported in 2025 (was €316)
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 | €61,724 | €63,121 | +€1,397 | +2.3% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €60,724 | €62,121 | +€1,397 | +2.3% |
| Amounts receivable within one year | 40/41 | €44,706 | €59,114 | +€14,409 | +32.2% |
| Trade receivables | 40 | €42,000 | €55,820 | +€13,820 | +32.9% |
| Other amounts receivable | 41 | €2,706 | €3,294 | +€589 | +21.8% |
| Cash at bank and in hand | 54/58 | €14,774 | €2,152 | -€12,621 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,244 | €854 | -€390 | -31.3% |
| Total equity and liabilities | 10/49 | €61,724 | €63,121 | +€1,397 | +2.3% |
| Equity | 10/15 | €46,728 | €46,278 | -€450 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,668 | €38,218 | -€450 | -1.2% |
| Amounts payable | 17/49 | €14,996 | €16,843 | +€1,848 | +12.3% |
| Amounts payable within one year | 42/48 | €14,996 | €16,843 | +€1,848 | +12.3% |
| Trade debts | 44 | €14,060 | €6,801 | -€7,259 | -51.6% |
| Suppliers | 440/4 | €14,060 | €6,801 | -€7,259 | -51.6% |
| Taxes, remuneration and social security | 45 | €936 | €764 | -€171 | -18.3% |
| Taxes | 450/3 | €936 | €764 | -€171 | -18.3% |
| Other amounts payable | 47/48 | - | €9,278 | +€9,278 | |
| Non-recurring operating income | 76A | - | €1,446 | +€1,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | - | -€316 | |
| Other operating charges | 640/8 | €1,226 | €926 | -€300 | -24.4% |
| Gross operating margin | 9900 | €31,418 | €1,008 | -€30,410 | -96.8% |
| Operating profit (loss) | 9901 | €29,876 | €82 | -€29,794 | -99.7% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €375 | €369 | -€7 | -1.7% |
| Recurring financial charges | 65 | €375 | €369 | -€7 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €29,501 | -€159 | -€29,659 | |
| Income taxes | 67/77 | €473 | €292 | -€181 | -38.3% |
| Profit (loss) for the period | 9904 | €29,028 | -€450 | -€29,478 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,028 | -€450 | -€29,478 |
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 30 October 2026 via checked.be.