SB CONSEIL: 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.
What changed
SB CONSEIL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €73,438+€3.6m
Equity
€5.0m
2024 · €1.3m+€3.6m
Cash
€303,404
2024 · €34,505+€268,899
Balance sheet total
€6.9m
2024 · €3.0m+€3.9m
Largest movements
Assets
- Financial fixed assets +€3.3m
up €3.3m (+334%), from €996,466 to €4.3m
- Intangible fixed assets +€324,209
up €324,209 (+3,891%), from €8,333 to €332,543
- Cash +€268,899
up €268,899 (+779%), from €34,505 to €303,404
mainly Net result for the year (+€3.6m) and Debts after one year (+€181,152)
- Receivables within one year -€92,585
down €92,585 (-82.9%), from €111,712 to €19,127
of which Other amounts receivable: -€83,154
Equity and liabilities
- Reserves +€3.6m
up €3.6m (+1,497%), from €243,384 to €3.9m
of which Distributable reserves: +€3.6m
- Debts after one year +€181,152
up €181,152 (+12.7%), from €1.4m to €1.6m
Income statement
- Financial income +€3.7m
up €3.7m (+59,606%), from €6,156 to €3.7m
of which Non-recurring financial income: +€3.7m
- Depreciation +€50,634
up €50,634 (+67.5%), from €75,050 to €125,684
- Services and other goods +€33,999
up €33,999 (+10.3%), from €330,175 to €364,174
- Financial charges +€20,908
up €20,908 (+68.6%), from €30,474 to €51,383
- Turnover -€16,748
down €16,748 (-1.3%), from €1.3m to €1.2m
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.
Result 2024
€73,438
Turnover
-€16,748
Other operating income
+€9,435
Goods and materials
+€14,249
Services and other goods
-€33,999
Staff costs
-€4,639
Depreciation
-€50,634
Other operating charges
-€1,391
Financial income
+€3.7m
Financial charges
-€20,908
Taxes
+€6,265
Result 2025
€3.6m
raises the resultlowers the result
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.
From operations
+€3.9m
Investment
-€3.8m
Financing
+€238,277
Cash 2024
€34,505
From operations (derived)
+€3.9m
Net result for the year
+€3.6m
Depreciation
+€125,684
Smaller working-capital items
+€15,454
Receivables within one year
+€92,585
Trade debts
-€10,377
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€238,277
Debts after one year
+€181,152
Current portion of long-term debt
+€52,082
Short-term financial debts
+€5,042
Cash 2025
€303,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,049,767 | €6,931,452 | +€3.9m | +127% |
| Fixed assets | 21/28 | €2,882,427 | €6,593,723 | +€3.7m | +129% |
| Intangible fixed assets | 21 | €8,333 | €332,543 | +€324,209 | +3,891% |
| Tangible fixed assets | 22/27 | €1,877,627 | €1,939,305 | +€61,678 | +3.3% |
| Land and buildings | 22 | €1,707,228 | €1,642,955 | -€64,273 | -3.8% |
| Plant, machinery and equipment | 23 | €157,489 | €287,283 | +€129,794 | +82.4% |
| Furniture and vehicles | 24 | €12,910 | €9,067 | -€3,843 | -29.8% |
| Financial fixed assets | 28 | €996,466 | €4,321,875 | +€3.3m | +334% |
| Affiliated companies | 280/1 | €996,466 | €4,321,875 | +€3.3m | +334% |
| Participating interests | 280 | €996,466 | €4,321,875 | +€3.3m | +334% |
| Current assets | 29/58 | €167,340 | €337,729 | +€170,389 | +102% |
| Stocks and contracts in progress | 3 | €14,513 | €14,821 | +€308 | +2.1% |
| Stocks | 30/36 | €14,513 | €14,821 | +€308 | +2.1% |
| Raw materials and consumables | 30/31 | €1,685 | €1,471 | -€214 | -12.7% |
| Goods purchased for resale | 34 | €12,828 | €13,350 | +€522 | +4.1% |
| Amounts receivable within one year | 40/41 | €111,712 | €19,127 | -€92,585 | -82.9% |
| Trade receivables | 40 | €26,661 | €17,230 | -€9,431 | -35.4% |
| Other amounts receivable | 41 | €85,051 | €1,897 | -€83,154 | -97.8% |
| Cash at bank and in hand | 54/58 | €34,505 | €303,404 | +€268,899 | +779% |
| Deferred charges and accrued income | 490/1 | €6,611 | €378 | -€6,233 | -94.3% |
| Total equity and liabilities | 10/49 | €3,049,767 | €6,931,452 | +€3.9m | +127% |
| Equity | 10/15 | €1,322,447 | €4,966,703 | +€3.6m | +276% |
| Contributions | 10/11 | €1,078,863 | €1,078,863 | = | 0.0% |
| Reserves | 13 | €243,384 | €3,887,384 | +€3.6m | +1,497% |
| Non-distributable reserves | 130/1 | €384 | €384 | = | 0.0% |
| Reserves not available under the articles | 1311 | €384 | €384 | = | 0.0% |
| Distributable reserves | 133 | €243,000 | €3,887,000 | +€3.6m | +1,500% |
| Profit (loss) carried forward | 14 | €199 | €456 | +€257 | +129% |
| Amounts payable | 17/49 | €1,727,320 | €1,964,749 | +€237,429 | +13.7% |
| Amounts payable after more than one year | 17 | €1,422,179 | €1,603,332 | +€181,152 | +12.7% |
| Financial debts | 170/4 | €1,422,179 | €1,603,332 | +€181,152 | +12.7% |
| Credit institutions | 173 | €1,422,179 | €1,603,332 | +€181,152 | +12.7% |
| Amounts payable within one year | 42/48 | €305,141 | €361,010 | +€55,868 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €138,767 | €190,849 | +€52,082 | +37.5% |
| Financial debts | 43 | - | €5,042 | +€5,042 | |
| Credit institutions | 430/8 | - | €5,042 | +€5,042 | |
| Trade debts | 44 | €101,877 | €91,500 | -€10,377 | -10.2% |
| Suppliers | 440/4 | €101,877 | €91,500 | -€10,377 | -10.2% |
| Taxes, remuneration and social security | 45 | €64,497 | €73,617 | +€9,120 | +14.1% |
| Taxes | 450/3 | €38,494 | €42,493 | +€3,999 | +10.4% |
| Remuneration and social security | 454/9 | €26,003 | €31,125 | +€5,122 | +19.7% |
| Accrued charges and deferred income | 492/3 | €0 | €408 | +€408 | |
| Operating income | 70/76A | €1,274,752 | €1,267,438 | -€7,313 | -0.6% |
| Turnover | 70 | €1,264,778 | €1,248,029 | -€16,748 | -1.3% |
| Other operating income | 74 | €9,974 | €19,409 | +€9,435 | +94.6% |
| Operating charges | 60/66A | €1,144,375 | €1,220,791 | +€76,416 | +6.7% |
| Goods for resale, raw materials and consumables | 60 | €477,152 | €462,904 | -€14,249 | -3.0% |
| Purchases | 600/8 | €478,125 | €463,212 | -€14,914 | -3.1% |
| Change in stocks: decrease (increase) | 609 | -€973 | -€308 | +€665 | +68.4% |
| Services and other goods | 61 | €330,175 | €364,174 | +€33,999 | +10.3% |
| Remuneration, social security and pensions | 62 | €248,729 | €253,368 | +€4,639 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,050 | €125,684 | +€50,634 | +67.5% |
| Other operating charges | 640/8 | €13,270 | €14,661 | +€1,391 | +10.5% |
| Operating profit (loss) | 9901 | €130,376 | €46,647 | -€83,729 | -64.2% |
| Financial income | 75/76B | €6,156 | €3,675,347 | +€3.7m | +59,606% |
| Recurring financial income | 75 | €6,156 | €5,416 | -€740 | -12.0% |
| Income from current assets | 751 | €6,156 | €5,416 | -€740 | -12.0% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €3,669,931 | +€3.7m | |
| Financial charges | 65/66B | €30,474 | €51,383 | +€20,908 | +68.6% |
| Recurring financial charges | 65 | €30,474 | €51,383 | +€20,908 | +68.6% |
| Debt charges | 650 | €20,703 | €42,635 | +€21,932 | +106% |
| Other financial charges | 652/9 | €9,771 | €8,748 | -€1,023 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €106,058 | €3,670,612 | +€3.6m | +3,361% |
| Income taxes | 67/77 | €32,620 | €26,355 | -€6,265 | -19.2% |
| Taxes | 670/3 | €32,620 | €26,355 | -€6,265 | -19.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €73,438 | €3,644,257 | +€3.6m | +4,862% |
| Profit (loss) for the period to be appropriated | 9905 | €73,438 | €3,644,257 | +€3.6m | +4,862% |
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 16 October 2026 via checked.be.