SB ENERGY: 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 ENERGY
Largest movements
- Cash +€2,291
up €2,291 (+11.0%), from €20,908 to €23,198
mainly Other debts (+€4,792) and Depreciation (+€4,529)
- Tangible fixed assets +€629
up €629 (+5.0%), from €12,660 to €13,289
- Deferred charges and accrued income +€431
up €431 (+96.9%), from €444 to €875
- Other debts +€4,792
up €4,792 (+70.0%), from €6,842 to €11,634
- Trade debts -€1,539
down €1,539 (-62.4%), from €2,467 to €928
- Reserves +€915
up €915 (+323%), from €283 to €1,198
of which Distributable reserves: +€915
- Tax, wage and social debts -€464
down €464 (-8.9%), from €5,195 to €4,730
- Gross operating margin -€16,553
down €16,553 (-70.8%), from €23,373 to €6,820
- Taxes -€3,327
down €3,327 (-87.3%), from €3,811 to €484
- Depreciation +€1,479
up €1,479 (+48.5%), from €3,050 to €4,529
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 | €36,755 | €40,458 | +€3,703 | +10.1% |
| Fixed assets | 21/28 | €12,660 | €13,289 | +€629 | +5.0% |
| Tangible fixed assets | 22/27 | €12,660 | €13,289 | +€629 | +5.0% |
| Plant, machinery and equipment | 23 | €12,660 | €13,289 | +€629 | +5.0% |
| Current assets | 29/58 | €24,095 | €27,169 | +€3,074 | +12.8% |
| Amounts receivable within one year | 40/41 | €2,743 | €3,096 | +€353 | +12.9% |
| Trade receivables | 40 | €2,743 | €2,580 | -€163 | -5.9% |
| Other amounts receivable | 41 | - | €516 | +€516 | |
| Cash at bank and in hand | 54/58 | €20,908 | €23,198 | +€2,291 | +11.0% |
| Deferred charges and accrued income | 490/1 | €444 | €875 | +€431 | +96.9% |
| Total equity and liabilities | 10/49 | €36,755 | €40,458 | +€3,703 | +10.1% |
| Equity | 10/15 | €22,251 | €23,166 | +€915 | +4.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €283 | €1,198 | +€915 | +323% |
| Tax-exempt reserves | 132 | €283 | €283 | = | 0.0% |
| Distributable reserves | 133 | - | €915 | +€915 | |
| Profit (loss) carried forward | 14 | €19,468 | €19,468 | = | 0.0% |
| Amounts payable | 17/49 | €14,504 | €17,292 | +€2,789 | +19.2% |
| Amounts payable within one year | 42/48 | €14,504 | €17,292 | +€2,789 | +19.2% |
| Trade debts | 44 | €2,467 | €928 | -€1,539 | -62.4% |
| Suppliers | 440/4 | €2,467 | €928 | -€1,539 | -62.4% |
| Taxes, remuneration and social security | 45 | €5,195 | €4,730 | -€464 | -8.9% |
| Taxes | 450/3 | €5,195 | €4,730 | -€464 | -8.9% |
| Other amounts payable | 47/48 | €6,842 | €11,634 | +€4,792 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €4,529 | +€1,479 | +48.5% |
| Other operating charges | 640/8 | €62 | €262 | +€200 | +323% |
| Gross operating margin | 9900 | €23,373 | €6,820 | -€16,553 | -70.8% |
| Operating profit (loss) | 9901 | €20,261 | €2,029 | -€18,232 | -90.0% |
| Financial income | 75/76B | €19 | €250 | +€231 | +1,214% |
| Recurring financial income | 75 | €19 | €250 | +€231 | +1,214% |
| Financial charges | 65/66B | €39 | €47 | +€8 | +19.9% |
| Recurring financial charges | 65 | €39 | €47 | +€8 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €20,241 | €2,232 | -€18,009 | -89.0% |
| Income taxes | 67/77 | €3,811 | €484 | -€3,327 | -87.3% |
| Profit (loss) for the period | 9904 | €16,430 | €1,748 | -€14,682 | -89.4% |
| Transfer to tax-exempt reserves | 689 | €283 | - | -€283 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,147 | €1,748 | -€14,399 | -89.2% |
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 27 October 2026 via checked.be.