SB CONSULT ENGINEERING: 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.
What changed
SB CONSULT ENGINEERING
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€611,328
2024 · €430,607+€180,721
Equity
€2.5m
2024 · €1.9m+€606,868
Cash
€431,742
2024 · €401,395+€30,347
Balance sheet total
€3.8m
2024 · €3.2m+€541,089
Largest movements
Assets
- Current investments +€581,738
up €581,738 (+41.8%), from €1.4m to €2.0m
- Tangible fixed assets -€85,313
down €85,313 (-7.8%), from €1.1m to €1.0m
of which Land and buildings: -€54,746
- Stocks and contracts +€41,227
up €41,227 (+4555.1%), from €905 to €42,132
Equity and liabilities
- Reserves +€611,328
up €611,328 (+37.5%), from €1.6m to €2.2m
of which Distributable reserves: +€400,828
- Debts after one year -€71,765
down €71,765 (-8.8%), from €815,911 to €744,145
- Trade debts +€40,568
up €40,568 (+44.9%), from €90,383 to €130,950
Income statement
- Gross operating margin +€184,539
up €184,539 (+24.5%), from €753,937 to €938,477
- Financial income +€95,650
up €95,650 (+304.5%), from €31,416 to €127,066
- Taxes +€82,737
up €82,737 (+60.7%), from €136,395 to €219,132
- Write-downs +€32,132
new in 2025: €32,132
- Depreciation -€21,102
down €21,102 (-15.7%), from €134,702 to €113,600
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
€430,607
Gross operating margin
+€184,539
Staff costs
-€19,394
Depreciation
+€21,102
Write-downs
-€32,132
Provisions
+€10,000
Other operating charges
+€4,968
Financial income
+€95,650
Financial charges
-€1,275
Taxes
-€82,737
Result 2025
€611,328
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.
From operations
+€722,583
Investment
-€607,941
Financing
-€84,295
Cash 2024
€401,395
From operations (derived)
+€722,583
Net result for the year
+€611,328
Depreciation
+€113,600
Receivables after one year
+€30,737
Stocks and contracts
-€41,227
Receivables within one year
-€23,987
Deferred charges and accrued income
+€18,076
Provisions
-€5,000
Trade debts
+€40,568
Tax, wage and social debts
+€3,804
Other debts
-€23,108
Accrued charges and deferred income
-€2,208
Investment (derived)
-€607,941
Investment in fixed assets (net)
-€26,202
Current investments
-€581,738
Financing
-€84,295
Debts after one year
-€71,765
Current portion of long-term debt
-€8,069
Contributions, distributions and other
-€4,461
Cash 2025
€431,742
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,220,962 | €3,762,050 | +€541,089 | +16.8% |
| Fixed assets | 21/28 | €1,101,744 | €1,014,346 | -€87,397 | -7.9% |
| Intangible fixed assets | 21 | €3,197 | €1,113 | -€2,084 | -65.2% |
| Tangible fixed assets | 22/27 | €1,098,547 | €1,013,234 | -€85,313 | -7.8% |
| Land and buildings | 22 | €1,048,470 | €993,724 | -€54,746 | -5.2% |
| Plant, machinery and equipment | 23 | €25,875 | €14,981 | -€10,894 | -42.1% |
| Furniture and vehicles | 24 | €24,202 | €4,529 | -€19,673 | -81.3% |
| Current assets | 29/58 | €2,119,218 | €2,747,704 | +€628,486 | +29.7% |
| Amounts receivable after more than one year | 29 | €30,737 | €0 | -€30,737 | -100.0% |
| Other amounts receivable | 291 | €30,737 | €0 | -€30,737 | -100.0% |
| Stocks and contracts in progress | 3 | €905 | €42,132 | +€41,227 | +4555.1% |
| Stocks | 30/36 | €905 | €42,132 | +€41,227 | +4555.1% |
| Amounts receivable within one year | 40/41 | €268,158 | €292,145 | +€23,987 | +8.9% |
| Trade receivables | 40 | €214,134 | €268,053 | +€53,919 | +25.2% |
| Other amounts receivable | 41 | €54,025 | €24,092 | -€29,933 | -55.4% |
| Current investments | 50/53 | €1,390,816 | €1,972,554 | +€581,738 | +41.8% |
| Cash at bank and in hand | 54/58 | €401,395 | €431,742 | +€30,347 | +7.6% |
| Deferred charges and accrued income | 490/1 | €27,207 | €9,131 | -€18,076 | -66.4% |
| Total equity and liabilities | 10/49 | €3,220,962 | €3,762,050 | +€541,089 | +16.8% |
| Equity | 10/15 | €1,894,701 | €2,501,569 | +€606,868 | +32.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,629,109 | €2,240,437 | +€611,328 | +37.5% |
| Tax-exempt reserves | 132 | €315,750 | €526,250 | +€210,500 | +66.7% |
| Distributable reserves | 133 | €1,313,359 | €1,714,187 | +€400,828 | +30.5% |
| Profit (loss) carried forward | 14 | €220,566 | €220,566 | = | 0.0% |
| Investment grants | 15 | €38,826 | €34,365 | -€4,461 | -11.5% |
| Provisions and deferred taxes | 16 | €44,546 | €39,546 | -€5,000 | -11.2% |
| Provisions for liabilities and charges | 160/5 | €44,546 | €39,546 | -€5,000 | -11.2% |
| Pensions and similar obligations | 160 | €4,546 | €4,546 | = | 0.0% |
| Environmental obligations | 163 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Amounts payable | 17/49 | €1,281,715 | €1,220,936 | -€60,779 | -4.7% |
| Amounts payable after more than one year | 17 | €815,911 | €744,145 | -€71,765 | -8.8% |
| Financial debts | 170/4 | €815,911 | €744,145 | -€71,765 | -8.8% |
| Amounts payable within one year | 42/48 | €460,269 | €473,463 | +€13,194 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €120,263 | €112,194 | -€8,069 | -6.7% |
| Trade debts | 44 | €90,383 | €130,950 | +€40,568 | +44.9% |
| Suppliers | 440/4 | €90,383 | €130,950 | +€40,568 | +44.9% |
| Taxes, remuneration and social security | 45 | €48,119 | €51,923 | +€3,804 | +7.9% |
| Taxes | 450/3 | €36,176 | €41,994 | +€5,818 | +16.1% |
| Remuneration and social security | 454/9 | €11,944 | €9,929 | -€2,014 | -16.9% |
| Other amounts payable | 47/48 | €201,504 | €178,396 | -€23,108 | -11.5% |
| Accrued charges and deferred income | 492/3 | €5,535 | €3,327 | -€2,208 | -39.9% |
| Non-recurring operating income | 76A | - | €8,569 | +€8,569 | |
| Remuneration, social security and pensions | 62 | €41,039 | €60,432 | +€19,394 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,702 | €113,600 | -€21,102 | -15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,132 | +€32,132 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | -€5,000 | -€10,000 | |
| Other operating charges | 640/8 | €10,684 | €5,716 | -€4,968 | -46.5% |
| Gross operating margin | 9900 | €753,937 | €938,477 | +€184,539 | +24.5% |
| Operating profit (loss) | 9901 | €562,513 | €731,597 | +€169,084 | +30.1% |
| Financial income | 75/76B | €31,416 | €127,066 | +€95,650 | +304.5% |
| Recurring financial income | 75 | €31,416 | €127,066 | +€95,650 | +304.5% |
| Financial charges | 65/66B | €26,928 | €28,203 | +€1,275 | +4.7% |
| Recurring financial charges | 65 | €26,928 | €28,203 | +€1,275 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €567,002 | €830,460 | +€263,459 | +46.5% |
| Income taxes | 67/77 | €136,395 | €219,132 | +€82,737 | +60.7% |
| Profit (loss) for the period | 9904 | €430,607 | €611,328 | +€180,721 | +42.0% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €210,500 | -€105,250 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,857 | €400,828 | +€285,971 | +249.0% |
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 30 September 2026 via checked.be.