SB Co: 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 Co
Largest movements
- Cash -€322,343
down €322,343 (-82.8%), from €389,455 to €67,112
mainly Contributions, distributions and other (-€290,000) and Investment in fixed assets (net) (-€79,356)
- Tangible fixed assets +€71,514
up €71,514 (+354.5%), from €20,174 to €91,687
of which Furniture and vehicles: +€48,416
- Receivables within one year -€15,877
down €15,877 (-19.6%), from €80,926 to €65,048
of which Trade receivables: -€72,774
- Reserves -€199,476
down €199,476 (-52.9%), from €377,215 to €177,738
of which Distributable reserves: -€199,476
- Other debts -€68,353
down €68,353 (-100.0%), from €68,353 to €0
- Gross operating margin +€35,770
up €35,770 (+36.0%), from €99,413 to €135,182
- Taxes +€8,008
up €8,008 (+35.2%), from €22,725 to €30,732
- Depreciation +€2,627
up €2,627 (+50.4%), from €5,216 to €7,843
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 | €490,554 | €223,938 | -€266,616 | -54.3% |
| Fixed assets | 21/28 | €20,174 | €91,687 | +€71,514 | +354.5% |
| Tangible fixed assets | 22/27 | €20,174 | €91,687 | +€71,514 | +354.5% |
| Land and buildings | 22 | €15,840 | €37,360 | +€21,521 | +135.9% |
| Plant, machinery and equipment | 23 | - | €1,577 | +€1,577 | |
| Furniture and vehicles | 24 | €4,334 | €52,750 | +€48,416 | +1117.2% |
| Current assets | 29/58 | €470,380 | €132,251 | -€338,129 | -71.9% |
| Amounts receivable within one year | 40/41 | €80,926 | €65,048 | -€15,877 | -19.6% |
| Trade receivables | 40 | €80,859 | €8,085 | -€72,774 | -90.0% |
| Other amounts receivable | 41 | €67 | €56,963 | +€56,897 | +85225.7% |
| Cash at bank and in hand | 54/58 | €389,455 | €67,112 | -€322,343 | -82.8% |
| Deferred charges and accrued income | 490/1 | - | €91 | +€91 | |
| Total equity and liabilities | 10/49 | €490,554 | €223,938 | -€266,616 | -54.3% |
| Equity | 10/15 | €395,815 | €196,338 | -€199,476 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,215 | €177,738 | -€199,476 | -52.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €375,355 | €175,878 | -€199,476 | -53.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,739 | €27,600 | -€67,139 | -70.9% |
| Amounts payable within one year | 42/48 | €91,483 | €27,061 | -€64,422 | -70.4% |
| Trade debts | 44 | €6,359 | €9,069 | +€2,710 | +42.6% |
| Suppliers | 440/4 | €6,359 | €9,069 | +€2,710 | +42.6% |
| Taxes, remuneration and social security | 45 | €16,770 | €17,992 | +€1,221 | +7.3% |
| Taxes | 450/3 | €16,770 | €17,992 | +€1,221 | +7.3% |
| Other amounts payable | 47/48 | €68,353 | €0 | -€68,353 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,257 | €539 | -€2,717 | -83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,216 | €7,843 | +€2,627 | +50.4% |
| Other operating charges | 640/8 | €679 | €850 | +€171 | +25.1% |
| Gross operating margin | 9900 | €99,413 | €135,182 | +€35,770 | +36.0% |
| Operating profit (loss) | 9901 | €93,518 | €126,490 | +€32,972 | +35.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,168 | €5,234 | +€66 | +1.3% |
| Recurring financial charges | 65 | €5,168 | €5,234 | +€66 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €88,350 | €121,256 | +€32,905 | +37.2% |
| Income taxes | 67/77 | €22,725 | €30,732 | +€8,008 | +35.2% |
| Profit (loss) for the period | 9904 | €65,626 | €90,524 | +€24,898 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,626 | €90,524 | +€24,898 | +37.9% |
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 11 October 2026 via checked.be.