SB DEMOLITIONS: 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 DEMOLITIONS
Largest movements
- Tangible fixed assets +€279,989
up €279,989 (+235%), from €119,300 to €399,289
of which Land and buildings: +€347,818
- Receivables after one year -€21,981
down €21,981 (-58.6%), from €37,500 to €15,519
- Receivables within one year +€18,716
up €18,716 (+61.5%), from €30,425 to €49,141
of which Other amounts receivable: +€14,815
- Deferred charges and accrued income +€6,572
up €6,572 (+350%), from €1,878 to €8,450
- Debts after one year +€258,406
up €258,406 (+1,347%), from €19,185 to €277,590
- Trade debts +€35,263
up €35,263 (+1,190%), from €2,962 to €38,225
- Reserves -€18,331
down €18,331 (-10.9%), from €168,934 to €150,603
- Current portion of long-term debt +€14,851
up €14,851 (+259%), from €5,743 to €20,594
- Tax, wage and social debts -€14,728
down €14,728 (-58.1%), from €25,368 to €10,639
- Gross operating margin -€22,178
down €22,178 (-31.6%), from €70,093 to €47,915
- Depreciation -€1,391
down €1,391 (-4.5%), from €30,589 to €29,198
- Other operating charges -€1,195
down €1,195 (-37.6%), from €3,177 to €1,981
- Financial charges +€966
up €966 (+41.8%), from €2,312 to €3,278
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,792 | €518,554 | +€277,762 | +115% |
| Fixed assets | 21/28 | €119,300 | €399,289 | +€279,989 | +235% |
| Tangible fixed assets | 22/27 | €119,300 | €399,289 | +€279,989 | +235% |
| Land and buildings | 22 | - | €347,818 | +€347,818 | |
| Plant, machinery and equipment | 23 | €56,432 | €3,779 | -€52,653 | -93.3% |
| Furniture and vehicles | 24 | €62,869 | €47,692 | -€15,176 | -24.1% |
| Current assets | 29/58 | €121,491 | €119,265 | -€2,227 | -1.8% |
| Amounts receivable after more than one year | 29 | €37,500 | €15,519 | -€21,981 | -58.6% |
| Other amounts receivable | 291 | €37,500 | €15,519 | -€21,981 | -58.6% |
| Stocks and contracts in progress | 3 | €48,388 | €44,104 | -€4,284 | -8.9% |
| Stocks | 30/36 | €31,388 | €29,104 | -€2,284 | -7.3% |
| Contracts in progress | 37 | €17,000 | €15,000 | -€2,000 | -11.8% |
| Amounts receivable within one year | 40/41 | €30,425 | €49,141 | +€18,716 | +61.5% |
| Trade receivables | 40 | €25,973 | €29,874 | +€3,901 | +15.0% |
| Other amounts receivable | 41 | €4,452 | €19,267 | +€14,815 | +333% |
| Cash at bank and in hand | 54/58 | €3,300 | €2,050 | -€1,250 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,878 | €8,450 | +€6,572 | +350% |
| Total equity and liabilities | 10/49 | €240,792 | €518,554 | +€277,762 | +115% |
| Equity | 10/15 | €187,534 | €169,203 | -€18,331 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,934 | €150,603 | -€18,331 | -10.9% |
| Distributable reserves | 133 | €168,934 | €150,603 | -€18,331 | -10.9% |
| Amounts payable | 17/49 | €53,258 | €349,351 | +€296,093 | +556% |
| Amounts payable after more than one year | 17 | €19,185 | €277,590 | +€258,406 | +1,347% |
| Financial debts | 170/4 | €19,185 | €277,590 | +€258,406 | +1,347% |
| Amounts payable within one year | 42/48 | €34,073 | €71,758 | +€37,685 | +111% |
| Current portion of amounts payable after more than one year | 42 | €5,743 | €20,594 | +€14,851 | +259% |
| Financial debts | 43 | - | €77 | +€77 | |
| Credit institutions | 430/8 | - | €77 | +€77 | |
| Trade debts | 44 | €2,962 | €38,225 | +€35,263 | +1,190% |
| Suppliers | 440/4 | €2,962 | €38,225 | +€35,263 | +1,190% |
| Advances received on contracts in progress | 46 | - | €2,223 | +€2,223 | |
| Taxes, remuneration and social security | 45 | €25,368 | €10,639 | -€14,728 | -58.1% |
| Taxes | 450/3 | €25,368 | €10,639 | -€14,728 | -58.1% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Non-recurring operating income | 76A | €19,199 | €1,800 | -€17,399 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,589 | €29,198 | -€1,391 | -4.5% |
| Other operating charges | 640/8 | €3,177 | €1,981 | -€1,195 | -37.6% |
| Non-recurring operating charges | 66A | €32,942 | €5,224 | -€27,718 | -84.1% |
| Gross operating margin | 9900 | €70,093 | €47,915 | -€22,178 | -31.6% |
| Operating profit (loss) | 9901 | €3,384 | €11,511 | +€8,126 | +240% |
| Financial income | 75/76B | €1,289 | €901 | -€387 | -30.1% |
| Recurring financial income | 75 | €1,289 | €901 | -€387 | -30.1% |
| Financial charges | 65/66B | €2,312 | €3,278 | +€966 | +41.8% |
| Recurring financial charges | 65 | €2,312 | €3,278 | +€966 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €2,361 | €9,134 | +€6,773 | +287% |
| Income taxes | 67/77 | €3,762 | €4,327 | +€565 | +15.0% |
| Profit (loss) for the period | 9904 | -€1,401 | €4,807 | +€6,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,401 | €4,807 | +€6,209 |
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 24 October 2026 via checked.be.