SB CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Receivables after one year +€50,840
up €50,840 (+22159.3%), from €229 to €51,070
- Cash -€42,090
down €42,090 (-50.4%), from €83,585 to €41,495
mainly Receivables after one year (-€50,840) and Contributions, distributions and other (-€12,861)
- Receivables within one year -€3,868
down €3,868 (-15.8%), from €24,502 to €20,634
of which Trade receivables: -€10,823
- Reserves +€13,612
up €13,612 (+17.1%), from €79,388 to €93,001
of which Distributable reserves: +€13,612
- Trade debts -€5,826
down €5,826 (-90.8%), from €6,418 to €592
- Tax, wage and social debts -€3,423
down €3,423 (-76.1%), from €4,497 to €1,074
of which Taxes: -€3,623
- Gross operating margin +€9,346
up €9,346 (+29.7%), from €31,450 to €40,797
- Taxes +€2,727
up €2,727 (+25.6%), from €10,647 to €13,374
- Financial income +€830
up €830 (+2374.0%), from €35 to €865
- Other operating charges +€555
up €555 (+51.6%), from €1,075 to €1,630
- Depreciation -€446
down €446 (-100.0%), from €446 to €0
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 | €108,640 | €113,728 | +€5,087 | +4.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €108,640 | €113,728 | +€5,087 | +4.7% |
| Amounts receivable after more than one year | 29 | €229 | €51,070 | +€50,840 | +22159.3% |
| Other amounts receivable | 291 | €229 | €51,070 | +€50,840 | +22159.3% |
| Amounts receivable within one year | 40/41 | €24,502 | €20,634 | -€3,868 | -15.8% |
| Trade receivables | 40 | €22,699 | €11,876 | -€10,823 | -47.7% |
| Other amounts receivable | 41 | €1,803 | €8,758 | +€6,955 | +385.6% |
| Cash at bank and in hand | 54/58 | €83,585 | €41,495 | -€42,090 | -50.4% |
| Deferred charges and accrued income | 490/1 | €323 | €529 | +€205 | +63.5% |
| Total equity and liabilities | 10/49 | €108,640 | €113,728 | +€5,087 | +4.7% |
| Equity | 10/15 | €85,588 | €99,201 | +€13,612 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,388 | €93,001 | +€13,612 | +17.1% |
| 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 | €77,528 | €91,141 | +€13,612 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,052 | €14,527 | -€8,525 | -37.0% |
| Amounts payable within one year | 42/48 | €23,052 | €14,527 | -€8,525 | -37.0% |
| Trade debts | 44 | €6,418 | €592 | -€5,826 | -90.8% |
| Suppliers | 440/4 | €6,418 | €592 | -€5,826 | -90.8% |
| Taxes, remuneration and social security | 45 | €4,497 | €1,074 | -€3,423 | -76.1% |
| Taxes | 450/3 | €4,497 | €874 | -€3,623 | -80.6% |
| Remuneration and social security | 454/9 | €0 | €200 | +€200 | |
| Other amounts payable | 47/48 | €12,137 | €12,861 | +€724 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €0 | -€446 | -100.0% |
| Other operating charges | 640/8 | €1,075 | €1,630 | +€555 | +51.6% |
| Gross operating margin | 9900 | €31,450 | €40,797 | +€9,346 | +29.7% |
| Operating profit (loss) | 9901 | €29,930 | €39,167 | +€9,238 | +30.9% |
| Financial income | 75/76B | €35 | €865 | +€830 | +2374.0% |
| Recurring financial income | 75 | €35 | €865 | +€830 | +2374.0% |
| Financial charges | 65/66B | €142 | €185 | +€43 | +30.6% |
| Recurring financial charges | 65 | €142 | €185 | +€43 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €29,823 | €39,847 | +€10,025 | +33.6% |
| Income taxes | 67/77 | €10,647 | €13,374 | +€2,727 | +25.6% |
| Profit (loss) for the period | 9904 | €19,176 | €26,473 | +€7,297 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,176 | €26,473 | +€7,297 | +38.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.