SB Development: 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 Development
Largest movements
- Cash -€4,597
down €4,597 (-99.6%), from €4,617 to €20
mainly Advances received (-€11,000) and Deferred charges and accrued income (-€70)
- Tangible fixed assets -€1,120
down €1,120 (-12.6%), from €8,904 to €7,785
- Advances received -€11,000
no longer reported in 2025 (was €11,000)
- Trade debts +€2,795
up €2,795 (+112.6%), from €2,482 to €5,276
- Tax, wage and social debts +€1,131
up €1,131 (+19.5%), from €5,788 to €6,919
- Profit (loss) carried forward +€871
up €871 (+9.5%), from €9,132 to €10,003
- Gross operating margin -€12,876
down €12,876 (-76.4%), from €16,850 to €3,974
- Taxes -€4,656
down €4,656 (-80.5%), from €5,788 to €1,131
- Financial income -€178
down €178 (-34.6%), from €516 to €337
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 | €80,579 | €74,376 | -€6,203 | -7.7% |
| Fixed assets | 21/28 | €8,904 | €7,785 | -€1,120 | -12.6% |
| Tangible fixed assets | 22/27 | €8,904 | €7,785 | -€1,120 | -12.6% |
| Land and buildings | 22 | €8,904 | €7,785 | -€1,120 | -12.6% |
| Current assets | 29/58 | €71,675 | €66,592 | -€5,083 | -7.1% |
| Amounts receivable within one year | 40/41 | €66,554 | €65,998 | -€556 | -0.8% |
| Trade receivables | 40 | €23,524 | €14,308 | -€9,216 | -39.2% |
| Other amounts receivable | 41 | €43,030 | €51,690 | +€8,660 | +20.1% |
| Cash at bank and in hand | 54/58 | €4,617 | €20 | -€4,597 | -99.6% |
| Deferred charges and accrued income | 490/1 | €504 | €573 | +€70 | +13.8% |
| Total equity and liabilities | 10/49 | €80,579 | €74,376 | -€6,203 | -7.7% |
| Equity | 10/15 | €61,309 | €62,181 | +€871 | +1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,178 | €51,178 | = | 0.0% |
| Distributable reserves | 133 | €51,178 | €51,178 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,132 | €10,003 | +€871 | +9.5% |
| Amounts payable | 17/49 | €19,270 | €12,196 | -€7,074 | -36.7% |
| Amounts payable within one year | 42/48 | €19,270 | €12,196 | -€7,074 | -36.7% |
| Trade debts | 44 | €2,482 | €5,276 | +€2,795 | +112.6% |
| Suppliers | 440/4 | €2,482 | €5,276 | +€2,795 | +112.6% |
| Advances received on contracts in progress | 46 | €11,000 | - | -€11,000 | |
| Taxes, remuneration and social security | 45 | €5,788 | €6,919 | +€1,131 | +19.5% |
| Taxes | 450/3 | €5,788 | €6,919 | +€1,131 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,120 | €1,120 | = | 0.0% |
| Other operating charges | 640/8 | €1,215 | €1,048 | -€167 | -13.7% |
| Gross operating margin | 9900 | €16,850 | €3,974 | -€12,876 | -76.4% |
| Operating profit (loss) | 9901 | €14,515 | €1,806 | -€12,709 | -87.6% |
| Financial income | 75/76B | €516 | €337 | -€178 | -34.6% |
| Recurring financial income | 75 | €516 | €337 | -€178 | -34.6% |
| Financial charges | 65/66B | €6 | €141 | +€135 | +2289.8% |
| Recurring financial charges | 65 | €6 | €141 | +€135 | +2289.8% |
| Profit (loss) for the period before taxes | 9903 | €15,025 | €2,003 | -€13,022 | -86.7% |
| Income taxes | 67/77 | €5,788 | €1,131 | -€4,656 | -80.5% |
| Profit (loss) for the period | 9904 | €9,237 | €871 | -€8,366 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,237 | €871 | -€8,366 | -90.6% |
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 12 October 2026 via checked.be.