SB GEST: what changed
SB GEST
Largest movements
- Receivables within one year -€23,376
down €23,376 (-70.1%), from €33,362 to €9,986
- Cash +€13,554
up €13,554 (+25.1%), from €53,919 to €67,473
mainly Receivables within one year (+€23,376) and Net result for the year (+€20,784)
- Debts after one year -€29,728
down €29,728 (-23.1%), from €128,839 to €99,111
of which Other amounts payable: -€19,993
- Profit (loss) carried forward +€20,784
up €20,784 (+127%), from €16,427 to €37,211
- Gross operating margin +€5,361
up €5,361 (+21.5%), from €24,880 to €30,241
- Financial charges -€2,753
down €2,753 (-50.7%), from €5,429 to €2,677
- Taxes +€401
up €401 (+7.0%), from €5,723 to €6,124
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,997 | €215,635 | -€10,363 | -4.6% |
| Fixed assets | 21/28 | €138,175 | €138,175 | = | 0.0% |
| Tangible fixed assets | 22/27 | €138,175 | €138,175 | = | 0.0% |
| Land and buildings | 22 | €138,175 | €138,175 | = | 0.0% |
| Current assets | 29/58 | €87,822 | €77,460 | -€10,363 | -11.8% |
| Amounts receivable within one year | 40/41 | €33,362 | €9,986 | -€23,376 | -70.1% |
| Trade receivables | 40 | €33,362 | €9,986 | -€23,376 | -70.1% |
| Cash at bank and in hand | 54/58 | €53,919 | €67,473 | +€13,554 | +25.1% |
| Deferred charges and accrued income | 490/1 | €541 | - | -€541 | |
| Total equity and liabilities | 10/49 | €225,997 | €215,635 | -€10,363 | -4.6% |
| Equity | 10/15 | €72,027 | €92,811 | +€20,784 | +28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €37,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,427 | €37,211 | +€20,784 | +127% |
| Amounts payable | 17/49 | €153,970 | €122,824 | -€31,146 | -20.2% |
| Amounts payable after more than one year | 17 | €128,839 | €99,111 | -€29,728 | -23.1% |
| Financial debts | 170/4 | €94,620 | €84,885 | -€9,735 | -10.3% |
| Other amounts payable | 178/9 | €34,219 | €14,226 | -€19,993 | -58.4% |
| Amounts payable within one year | 42/48 | €25,132 | €23,713 | -€1,419 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,669 | €9,821 | +€152 | +1.6% |
| Trade debts | 44 | €2,468 | €1,216 | -€1,252 | -50.7% |
| Suppliers | 440/4 | €2,468 | €1,216 | -€1,252 | -50.7% |
| Taxes, remuneration and social security | 45 | €12,995 | €12,676 | -€319 | -2.5% |
| Taxes | 450/3 | €12,995 | €12,676 | -€319 | -2.5% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €249 | €257 | +€8 | +3.3% |
| Gross operating margin | 9900 | €24,880 | €30,241 | +€5,361 | +21.5% |
| Operating profit (loss) | 9901 | €24,244 | €29,584 | +€5,341 | +22.0% |
| Financial charges | 65/66B | €5,429 | €2,677 | -€2,753 | -50.7% |
| Recurring financial charges | 65 | €5,429 | €2,677 | -€2,753 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €18,814 | €26,908 | +€8,093 | +43.0% |
| Income taxes | 67/77 | €5,723 | €6,124 | +€401 | +7.0% |
| Profit (loss) for the period | 9904 | €13,091 | €20,784 | +€7,693 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,091 | €20,784 | +€7,693 | +58.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.