SB LAW: 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 LAW
Largest movements
- Cash +€77,498
up €77,498 (+368%), from €21,069 to €98,567
mainly Other debts (+€123,608) and Receivables after one year (+€46,666)
- Receivables after one year -€46,666
no longer reported in 2025 (was €46,666)
- Tangible fixed assets -€4,226
down €4,226 (-13.3%), from €31,712 to €27,485
of which Other tangible fixed assets: -€3,000
- Receivables within one year +€4,004
up €4,004 (+100%), from €4,000 to €8,004
- Other debts +€123,608
up €123,608 (+38,508%), from €321 to €123,929
- Profit (loss) carried forward -€83,331
no longer reported in 2025 (was €83,331)
- Trade debts -€14,462
down €14,462 (-99.9%), from €14,480 to €18
- Tax, wage and social debts +€4,149
up €4,149 (+125%), from €3,314 to €7,464
- Gross operating margin +€20,582
up €20,582 (+50.1%), from €41,114 to €61,696
- Depreciation +€2,259
up €2,259 (+115%), from €1,968 to €4,226
- Financial income -€1,867
no longer reported in 2025 (was €1,867)
- Other operating charges +€864
up €864 (+128%), from €673 to €1,537
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 | €103,447 | €134,055 | +€30,609 | +29.6% |
| Fixed assets | 21/28 | €31,712 | €27,485 | -€4,226 | -13.3% |
| Tangible fixed assets | 22/27 | €31,712 | €27,485 | -€4,226 | -13.3% |
| Plant, machinery and equipment | 23 | €1,418 | €499 | -€918 | -64.8% |
| Furniture and vehicles | 24 | €1,035 | €727 | -€308 | -29.8% |
| Other tangible fixed assets | 26 | €29,259 | €26,259 | -€3,000 | -10.3% |
| Current assets | 29/58 | €71,735 | €106,570 | +€34,835 | +48.6% |
| Amounts receivable after more than one year | 29 | €46,666 | - | -€46,666 | |
| Other amounts receivable | 291 | €46,666 | - | -€46,666 | |
| Amounts receivable within one year | 40/41 | €4,000 | €8,004 | +€4,004 | +100% |
| Other amounts receivable | 41 | €4,000 | €8,004 | +€4,004 | +100% |
| Cash at bank and in hand | 54/58 | €21,069 | €98,567 | +€77,498 | +368% |
| Total equity and liabilities | 10/49 | €103,447 | €134,055 | +€30,609 | +29.6% |
| Equity | 10/15 | €85,331 | €2,000 | -€83,331 | -97.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,331 | - | -€83,331 | |
| Amounts payable | 17/49 | €18,115 | €132,055 | +€113,940 | +629% |
| Amounts payable within one year | 42/48 | €18,115 | €132,055 | +€113,940 | +629% |
| Trade debts | 44 | €14,480 | €18 | -€14,462 | -99.9% |
| Suppliers | 440/4 | €14,480 | €18 | -€14,462 | -99.9% |
| Advances received on contracts in progress | 46 | - | €645 | +€645 | |
| Taxes, remuneration and social security | 45 | €3,314 | €7,464 | +€4,149 | +125% |
| Taxes | 450/3 | €3,314 | €7,464 | +€4,149 | +125% |
| Other amounts payable | 47/48 | €321 | €123,929 | +€123,608 | +38,508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,968 | €4,226 | +€2,259 | +115% |
| Other operating charges | 640/8 | €673 | €1,537 | +€864 | +128% |
| Gross operating margin | 9900 | €41,114 | €61,696 | +€20,582 | +50.1% |
| Operating profit (loss) | 9901 | €38,473 | €55,933 | +€17,459 | +45.4% |
| Financial income | 75/76B | €1,867 | - | -€1,867 | |
| Recurring financial income | 75 | €1,867 | - | -€1,867 | |
| Financial charges | 65/66B | €4 | €4 | -€0 | -0.3% |
| Recurring financial charges | 65 | €4 | €4 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €40,336 | €55,929 | +€15,593 | +38.7% |
| Income taxes | 67/77 | €10,574 | €10,996 | +€422 | +4.0% |
| Profit (loss) for the period | 9904 | €29,762 | €44,933 | +€15,171 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,762 | €44,933 | +€15,171 | +51.0% |
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 13 October 2026 via checked.be.