SB CORP: 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 CORP
Largest movements
- Receivables within one year +€18,117
up €18,117 (+119.0%), from €15,218 to €33,334
- Cash -€8,237
down €8,237 (-65.4%), from €12,601 to €4,364
mainly Receivables within one year (-€18,117) and Investment in fixed assets (net) (-€4,680)
- Tangible fixed assets -€3,488
down €3,488 (-12.7%), from €27,561 to €24,073
of which Other tangible fixed assets: -€2,001
- Profit (loss) carried forward +€7,907
up €7,907 (+22.8%), from €34,628 to €42,535
- Trade debts +€2,092
up €2,092 (+56.4%), from €3,708 to €5,800
- Tax, wage and social debts -€1,929
down €1,929 (-22.1%), from €8,718 to €6,790
- Debts after one year -€1,465
down €1,465 (-37.3%), from €3,926 to €2,461
- Gross operating margin -€8,049
down €8,049 (-30.0%), from €26,874 to €18,825
- Taxes -€998
down €998 (-25.6%), from €3,894 to €2,896
- Financial income +€928
up €928 (+201.3%), from €461 to €1,390
- Other operating charges +€484
up €484 (+117.6%), from €412 to €896
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 | €55,379 | €62,050 | +€6,671 | +12.0% |
| Fixed assets | 21/28 | €27,561 | €24,073 | -€3,488 | -12.7% |
| Tangible fixed assets | 22/27 | €27,561 | €24,073 | -€3,488 | -12.7% |
| Furniture and vehicles | 24 | €12,681 | €11,194 | -€1,487 | -11.7% |
| Other tangible fixed assets | 26 | €14,880 | €12,879 | -€2,001 | -13.4% |
| Current assets | 29/58 | €27,818 | €37,978 | +€10,159 | +36.5% |
| Amounts receivable within one year | 40/41 | €15,218 | €33,334 | +€18,117 | +119.0% |
| Other amounts receivable | 41 | €15,218 | €33,334 | +€18,117 | +119.0% |
| Cash at bank and in hand | 54/58 | €12,601 | €4,364 | -€8,237 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €280 | +€280 | |
| Total equity and liabilities | 10/49 | €55,379 | €62,050 | +€6,671 | +12.0% |
| Equity | 10/15 | €37,628 | €45,535 | +€7,907 | +21.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,628 | €42,535 | +€7,907 | +22.8% |
| Amounts payable | 17/49 | €17,752 | €16,516 | -€1,236 | -7.0% |
| Amounts payable after more than one year | 17 | €3,926 | €2,461 | -€1,465 | -37.3% |
| Financial debts | 170/4 | €3,926 | €2,461 | -€1,465 | -37.3% |
| Amounts payable within one year | 42/48 | €13,826 | €14,055 | +€229 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €1,399 | €1,465 | +€66 | +4.7% |
| Trade debts | 44 | €3,708 | €5,800 | +€2,092 | +56.4% |
| Suppliers | 440/4 | €3,708 | €5,800 | +€2,092 | +56.4% |
| Taxes, remuneration and social security | 45 | €8,718 | €6,790 | -€1,929 | -22.1% |
| Taxes | 450/3 | €8,718 | €6,790 | -€1,929 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,316 | €8,168 | -€147 | -1.8% |
| Other operating charges | 640/8 | €412 | €896 | +€484 | +117.6% |
| Gross operating margin | 9900 | €26,874 | €18,825 | -€8,049 | -30.0% |
| Operating profit (loss) | 9901 | €18,147 | €9,761 | -€8,386 | -46.2% |
| Financial income | 75/76B | €461 | €1,390 | +€928 | +201.3% |
| Recurring financial income | 75 | €461 | €1,390 | +€928 | +201.3% |
| Financial charges | 65/66B | €475 | €348 | -€127 | -26.8% |
| Recurring financial charges | 65 | €475 | €348 | -€127 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €18,133 | €10,803 | -€7,330 | -40.4% |
| Income taxes | 67/77 | €3,894 | €2,896 | -€998 | -25.6% |
| Profit (loss) for the period | 9904 | €14,239 | €7,907 | -€6,333 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,239 | €7,907 | -€6,333 | -44.5% |
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 2 October 2026 via checked.be.