SB EXPRESS: 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 EXPRESS
Largest movements
- Receivables within one year +€32,497
up €32,497 (+8.8%), from €367,394 to €399,891
of which Other amounts receivable: +€32,483
- Tangible fixed assets -€17,919
down €17,919 (-12.8%), from €140,249 to €122,330
of which Land and buildings: -€12,707
- Cash -€13,211
down €13,211 (-5.3%), from €251,316 to €238,105
mainly Receivables within one year (-€32,497) and Deferred charges and accrued income (-€39)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€3,248
down €3,248 (-15.3%), from €21,168 to €17,919
- Financial income +€3,163
up €3,163 (+20.0%), from €15,818 to €18,981
- Gross operating margin -€2,788
down €2,788 (-45.7%), from €6,107 to €3,318
- Taxes +€92
up €92 (+39.3%), from €233 to €325
- Other operating charges +€87
up €87 (+3.4%), from €2,575 to €2,663
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 | €759,777 | €761,183 | +€1,406 | +0.2% |
| Fixed assets | 21/28 | €140,249 | €122,330 | -€17,919 | -12.8% |
| Tangible fixed assets | 22/27 | €140,249 | €122,330 | -€17,919 | -12.8% |
| Land and buildings | 22 | €130,337 | €117,630 | -€12,707 | -9.7% |
| Plant, machinery and equipment | 23 | €4,301 | €3,441 | -€860 | -20.0% |
| Furniture and vehicles | 24 | €5,611 | €1,259 | -€4,352 | -77.6% |
| Current assets | 29/58 | €619,528 | €638,854 | +€19,326 | +3.1% |
| Amounts receivable within one year | 40/41 | €367,394 | €399,891 | +€32,497 | +8.8% |
| Trade receivables | 40 | - | €14 | +€14 | |
| Other amounts receivable | 41 | €367,394 | €399,877 | +€32,483 | +8.8% |
| Cash at bank and in hand | 54/58 | €251,316 | €238,105 | -€13,211 | -5.3% |
| Deferred charges and accrued income | 490/1 | €818 | €858 | +€39 | +4.8% |
| Total equity and liabilities | 10/49 | €759,777 | €761,183 | +€1,406 | +0.2% |
| Equity | 10/15 | €759,548 | €760,869 | +€1,321 | +0.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €753,343 | €754,664 | +€1,321 | +0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €751,483 | €752,804 | +€1,321 | +0.2% |
| Amounts payable | 17/49 | €229 | €315 | +€85 | +37.1% |
| Amounts payable within one year | 42/48 | €229 | €315 | +€85 | +37.1% |
| Taxes, remuneration and social security | 45 | €229 | €315 | +€85 | +37.1% |
| Taxes | 450/3 | €229 | €315 | +€85 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,168 | €17,919 | -€3,248 | -15.3% |
| Other operating charges | 640/8 | €2,575 | €2,663 | +€87 | +3.4% |
| Gross operating margin | 9900 | €6,107 | €3,318 | -€2,788 | -45.7% |
| Operating profit (loss) | 9901 | -€17,636 | -€17,264 | +€372 | +2.1% |
| Financial income | 75/76B | €15,818 | €18,981 | +€3,163 | +20.0% |
| Recurring financial income | 75 | €15,818 | €18,981 | +€3,163 | +20.0% |
| Financial charges | 65/66B | €24 | €71 | +€47 | +196.3% |
| Recurring financial charges | 65 | €24 | €71 | +€47 | +196.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,842 | €1,646 | +€3,488 | |
| Income taxes | 67/77 | €233 | €325 | +€92 | +39.3% |
| Profit (loss) for the period | 9904 | -€2,076 | €1,321 | +€3,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,076 | €1,321 | +€3,397 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.