SB ELECTRO: 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 ELECTRO
Largest movements
- Receivables within one year -€10,065
down €10,065 (-40.4%), from €24,926 to €14,860
of which Trade receivables: -€8,622
- Cash +€9,921
up €9,921 (+5.2%), from €189,254 to €199,175
mainly Net result for the year (+€21,222) and Other debts (+€13,745)
- Tangible fixed assets -€8,398
down €8,398 (-37.4%), from €22,475 to €14,077
of which Furniture and vehicles: -€5,391
- Tax, wage and social debts -€19,651
down €19,651 (-94.0%), from €20,913 to €1,262
- Other debts +€13,745
up €13,745 (+2920.0%), from €471 to €14,215
- Trade debts -€10,638
down €10,638 (-42.4%), from €25,095 to €14,457
- Reserves +€8,231
up €8,231 (+5.5%), from €150,240 to €158,471
of which Distributable reserves: +€8,231
- Gross operating margin +€14,787
up €14,787 (+55.2%), from €26,790 to €41,576
- Taxes +€4,788
up €4,788 (+73.9%), from €6,475 to €11,263
- Other operating charges -€1,802
down €1,802 (-77.4%), from €2,329 to €527
- Depreciation +€823
up €823 (+10.9%), from €7,576 to €8,398
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 | €238,157 | €229,863 | -€8,294 | -3.5% |
| Fixed assets | 21/28 | €22,475 | €14,077 | -€8,398 | -37.4% |
| Tangible fixed assets | 22/27 | €22,475 | €14,077 | -€8,398 | -37.4% |
| Plant, machinery and equipment | 23 | €4,016 | €2,667 | -€1,349 | -33.6% |
| Furniture and vehicles | 24 | €13,501 | €8,109 | -€5,391 | -39.9% |
| Other tangible fixed assets | 26 | €4,958 | €3,301 | -€1,658 | -33.4% |
| Current assets | 29/58 | €215,682 | €215,786 | +€104 | 0.0% |
| Amounts receivable within one year | 40/41 | €24,926 | €14,860 | -€10,065 | -40.4% |
| Trade receivables | 40 | €16,617 | €7,996 | -€8,622 | -51.9% |
| Other amounts receivable | 41 | €8,309 | €6,865 | -€1,444 | -17.4% |
| Cash at bank and in hand | 54/58 | €189,254 | €199,175 | +€9,921 | +5.2% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,751 | +€249 | +16.6% |
| Total equity and liabilities | 10/49 | €238,157 | €229,863 | -€8,294 | -3.5% |
| Equity | 10/15 | €191,678 | €199,909 | +€8,231 | +4.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €150,240 | €158,471 | +€8,231 | +5.5% |
| Tax-exempt reserves | 132 | €23,926 | €23,926 | = | 0.0% |
| Distributable reserves | 133 | €126,314 | €134,545 | +€8,231 | +6.5% |
| Profit (loss) carried forward | 14 | €35,240 | €35,240 | = | 0.0% |
| Amounts payable | 17/49 | €46,479 | €29,954 | -€16,525 | -35.6% |
| Amounts payable within one year | 42/48 | €46,479 | €29,935 | -€16,544 | -35.6% |
| Trade debts | 44 | €25,095 | €14,457 | -€10,638 | -42.4% |
| Suppliers | 440/4 | €25,095 | €14,457 | -€10,638 | -42.4% |
| Taxes, remuneration and social security | 45 | €20,913 | €1,262 | -€19,651 | -94.0% |
| Taxes | 450/3 | €20,913 | €1,262 | -€19,651 | -94.0% |
| Other amounts payable | 47/48 | €471 | €14,215 | +€13,745 | +2920.0% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,576 | €8,398 | +€823 | +10.9% |
| Other operating charges | 640/8 | €2,329 | €527 | -€1,802 | -77.4% |
| Gross operating margin | 9900 | €26,790 | €41,576 | +€14,787 | +55.2% |
| Operating profit (loss) | 9901 | €16,885 | €32,651 | +€15,766 | +93.4% |
| Financial income | 75/76B | €50 | €12 | -€37 | -75.4% |
| Recurring financial income | 75 | €50 | €12 | -€37 | -75.4% |
| Financial charges | 65/66B | €323 | €178 | -€145 | -44.9% |
| Recurring financial charges | 65 | €323 | €178 | -€145 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €16,611 | €32,485 | +€15,874 | +95.6% |
| Income taxes | 67/77 | €6,475 | €11,263 | +€4,788 | +73.9% |
| Profit (loss) for the period | 9904 | €10,136 | €21,222 | +€11,086 | +109.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,136 | €21,222 | +€11,086 | +109.4% |
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 5 October 2026 via checked.be.