SB-LK: 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-LK
Largest movements
- Cash +€23,682
up €23,682 (+64.6%), from €36,662 to €60,344
mainly Net result for the year (+€32,287) and Depreciation (+€20,572)
- Tangible fixed assets +€17,522
up €17,522 (+27.9%), from €62,839 to €80,361
of which Furniture and vehicles: +€16,386
- Receivables within one year -€6,201
down €6,201 (-5.9%), from €104,978 to €98,777
of which Trade receivables: -€9,700
- Stocks and contracts +€2,707
up €2,707 (+94.2%), from €2,873 to €5,580
of which Stocks: +€1,957
- Reserves +€32,287
up €32,287 (+19.6%), from €164,646 to €196,933
- Trade debts +€3,099
up €3,099 (+12.5%), from €24,803 to €27,902
- Gross operating margin +€42,121
up €42,121 (+29.6%), from €142,174 to €184,295
- Staff costs +€37,965
up €37,965 (+58.4%), from €65,004 to €102,970
- Financial charges +€6,149
up €6,149 (+381.8%), from €1,610 to €7,759
- Depreciation +€3,292
up €3,292 (+19.0%), from €17,280 to €20,572
- Financial income -€2,547
down €2,547 (-50.7%), from €5,021 to €2,474
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 | €227,925 | €265,486 | +€37,561 | +16.5% |
| Fixed assets | 21/28 | €65,581 | €80,361 | +€14,780 | +22.5% |
| Intangible fixed assets | 21 | €242 | €0 | -€242 | -100.0% |
| Tangible fixed assets | 22/27 | €62,839 | €80,361 | +€17,522 | +27.9% |
| Land and buildings | 22 | €12,300 | €11,850 | -€450 | -3.7% |
| Plant, machinery and equipment | 23 | €25,698 | €27,285 | +€1,587 | +6.2% |
| Furniture and vehicles | 24 | €24,841 | €41,227 | +€16,386 | +66.0% |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100.0% |
| Current assets | 29/58 | €162,344 | €185,125 | +€22,781 | +14.0% |
| Stocks and contracts in progress | 3 | €2,873 | €5,580 | +€2,707 | +94.2% |
| Stocks | 30/36 | €2,873 | €4,830 | +€1,957 | +68.1% |
| Contracts in progress | 37 | €0 | €750 | +€750 | |
| Amounts receivable within one year | 40/41 | €104,978 | €98,777 | -€6,201 | -5.9% |
| Trade receivables | 40 | €51,119 | €41,419 | -€9,700 | -19.0% |
| Other amounts receivable | 41 | €53,860 | €57,359 | +€3,499 | +6.5% |
| Cash at bank and in hand | 54/58 | €36,662 | €60,344 | +€23,682 | +64.6% |
| Deferred charges and accrued income | 490/1 | €17,831 | €20,423 | +€2,592 | +14.5% |
| Total equity and liabilities | 10/49 | €227,925 | €265,486 | +€37,561 | +16.5% |
| Equity | 10/15 | €177,354 | €209,641 | +€32,287 | +18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,646 | €196,933 | +€32,287 | +19.6% |
| Distributable reserves | 133 | €164,646 | €196,933 | +€32,287 | +19.6% |
| Profit (loss) carried forward | 14 | €308 | €308 | = | 0.0% |
| Amounts payable | 17/49 | €50,571 | €55,845 | +€5,274 | +10.4% |
| Amounts payable within one year | 42/48 | €49,256 | €54,595 | +€5,339 | +10.8% |
| Trade debts | 44 | €24,803 | €27,902 | +€3,099 | +12.5% |
| Suppliers | 440/4 | €24,803 | €27,902 | +€3,099 | +12.5% |
| Taxes, remuneration and social security | 45 | €24,453 | €26,693 | +€2,239 | +9.2% |
| Taxes | 450/3 | €23,717 | €21,641 | -€2,076 | -8.8% |
| Remuneration and social security | 454/9 | €736 | €5,052 | +€4,316 | +586.1% |
| Accrued charges and deferred income | 492/3 | €1,315 | €1,250 | -€65 | -4.9% |
| Remuneration, social security and pensions | 62 | €65,004 | €102,970 | +€37,965 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,280 | €20,572 | +€3,292 | +19.0% |
| Other operating charges | 640/8 | €3,258 | €2,755 | -€503 | -15.4% |
| Gross operating margin | 9900 | €142,174 | €184,295 | +€42,121 | +29.6% |
| Operating profit (loss) | 9901 | €56,631 | €57,998 | +€1,367 | +2.4% |
| Financial income | 75/76B | €5,021 | €2,474 | -€2,547 | -50.7% |
| Recurring financial income | 75 | €5,021 | €2,474 | -€2,547 | -50.7% |
| Financial charges | 65/66B | €1,610 | €7,759 | +€6,149 | +381.8% |
| Recurring financial charges | 65 | €1,610 | €7,759 | +€6,149 | +381.8% |
| Profit (loss) for the period before taxes | 9903 | €60,041 | €52,712 | -€7,329 | -12.2% |
| Income taxes | 67/77 | €21,140 | €20,425 | -€715 | -3.4% |
| Profit (loss) for the period | 9904 | €38,901 | €32,287 | -€6,614 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,901 | €32,287 | -€6,614 | -17.0% |
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 12 October 2026 via checked.be.