SB GRAPHICS: 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 GRAPHICS
Largest movements
- Tangible fixed assets +€35,716
up €35,716 (+758.2%), from €4,711 to €40,426
of which Furniture and vehicles: +€34,007
- Receivables after one year -€31,303
down €31,303 (-22.6%), from €138,220 to €106,917
- Cash +€20,727
up €20,727 (+106.8%), from €19,401 to €40,129
mainly Receivables after one year (+€31,303) and Trade debts (+€24,599)
- Receivables within one year +€11,102
up €11,102 (+44.3%), from €25,047 to €36,149
of which Trade receivables: +€9,810
- Reserves -€28,905
down €28,905 (-31.3%), from €92,211 to €63,306
of which Distributable reserves: -€28,905
- Trade debts +€24,599
up €24,599 (+416.7%), from €5,903 to €30,503
- Debts after one year +€23,675
new in 2025: €23,675
- Tax, wage and social debts +€6,961
up €6,961 (+318.9%), from €2,183 to €9,144
of which Taxes: +€4,115
- Other debts +€6,500
up €6,500 (+76.5%), from €8,500 to €15,000
- Gross operating margin +€19,047
up €19,047 (+101.7%), from €18,726 to €37,773
- Taxes +€4,291
up €4,291 (+134.5%), from €3,190 to €7,482
- Depreciation +€1,372
up €1,372 (+147.5%), from €930 to €2,303
- Other operating charges -€444
down €444 (-11.7%), from €3,804 to €3,360
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 | €188,135 | €226,290 | +€38,155 | +20.3% |
| Fixed assets | 21/28 | €4,711 | €40,426 | +€35,716 | +758.2% |
| Tangible fixed assets | 22/27 | €4,711 | €40,426 | +€35,716 | +758.2% |
| Plant, machinery and equipment | 23 | - | €1,709 | +€1,709 | |
| Furniture and vehicles | 24 | €699 | €34,706 | +€34,007 | +4863.1% |
| Leasing and similar rights | 25 | €4,011 | €4,011 | = | 0.0% |
| Current assets | 29/58 | €183,424 | €185,864 | +€2,440 | +1.3% |
| Amounts receivable after more than one year | 29 | €138,220 | €106,917 | -€31,303 | -22.6% |
| Other amounts receivable | 291 | €138,220 | €106,917 | -€31,303 | -22.6% |
| Stocks and contracts in progress | 3 | €650 | €650 | = | 0.0% |
| Stocks | 30/36 | €650 | €650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,047 | €36,149 | +€11,102 | +44.3% |
| Trade receivables | 40 | €4,105 | €13,915 | +€9,810 | +239.0% |
| Other amounts receivable | 41 | €20,942 | €22,234 | +€1,292 | +6.2% |
| Cash at bank and in hand | 54/58 | €19,401 | €40,129 | +€20,727 | +106.8% |
| Deferred charges and accrued income | 490/1 | €106 | €2,019 | +€1,913 | +1809.8% |
| Total equity and liabilities | 10/49 | €188,135 | €226,290 | +€38,155 | +20.3% |
| Equity | 10/15 | €171,548 | €142,643 | -€28,905 | -16.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €92,211 | €63,306 | -€28,905 | -31.3% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €90,311 | €61,406 | -€28,905 | -32.0% |
| Profit (loss) carried forward | 14 | €60,337 | €60,337 | = | 0.0% |
| Amounts payable | 17/49 | €16,586 | €83,647 | +€67,060 | +404.3% |
| Amounts payable after more than one year | 17 | - | €23,675 | +€23,675 | |
| Financial debts | 170/4 | - | €23,675 | +€23,675 | |
| Amounts payable within one year | 42/48 | €16,586 | €59,972 | +€43,386 | +261.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,325 | +€5,325 | |
| Trade debts | 44 | €5,903 | €30,503 | +€24,599 | +416.7% |
| Suppliers | 440/4 | €5,903 | €30,503 | +€24,599 | +416.7% |
| Taxes, remuneration and social security | 45 | €2,183 | €9,144 | +€6,961 | +318.9% |
| Taxes | 450/3 | €2,183 | €6,298 | +€4,115 | +188.5% |
| Remuneration and social security | 454/9 | - | €2,846 | +€2,846 | |
| Other amounts payable | 47/48 | €8,500 | €15,000 | +€6,500 | +76.5% |
| Remuneration, social security and pensions | 62 | €475 | €747 | +€272 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €2,303 | +€1,372 | +147.5% |
| Other operating charges | 640/8 | €3,804 | €3,360 | -€444 | -11.7% |
| Gross operating margin | 9900 | €18,726 | €37,773 | +€19,047 | +101.7% |
| Operating profit (loss) | 9901 | €13,518 | €31,363 | +€17,846 | +132.0% |
| Financial income | 75/76B | €160 | €131 | -€29 | -18.2% |
| Recurring financial income | 75 | €160 | €131 | -€29 | -18.2% |
| Financial charges | 65/66B | €166 | €468 | +€301 | +181.0% |
| Recurring financial charges | 65 | €166 | €468 | +€301 | +181.0% |
| Profit (loss) for the period before taxes | 9903 | €13,511 | €31,027 | +€17,516 | +129.6% |
| Income taxes | 67/77 | €3,190 | €7,482 | +€4,291 | +134.5% |
| Profit (loss) for the period | 9904 | €10,321 | €23,545 | +€13,224 | +128.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,321 | €23,545 | +€13,224 | +128.1% |
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 28 September 2026 via checked.be.