SB Management: 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 Management
Largest movements
- Cash +€32,798
up €32,798 (+139.4%), from €23,527 to €56,325
mainly Net result for the year (+€41,099) and Tax, wage and social debts (+€12,652)
- Receivables within one year +€8,437
up €8,437 (+89.9%), from €9,382 to €17,819
of which Trade receivables: +€6,437
- Profit (loss) carried forward +€41,099
up €41,099, from -€7,559 to €33,540
- Tax, wage and social debts +€12,652
up €12,652 (+153.8%), from €8,229 to €20,881
of which Taxes: +€15,052
- Other debts -€11,450
down €11,450 (-47.4%), from €24,134 to €12,684
- Trade debts -€1,959
down €1,959 (-18.6%), from €10,507 to €8,548
- Gross operating margin +€58,769
up €58,769, from -€1,102 to €57,666
- Taxes +€11,310
new in 2025: €11,310
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 | €36,811 | €77,152 | +€40,341 | +109.6% |
| Fixed assets | 21/28 | €1,749 | €1,153 | -€596 | -34.1% |
| Tangible fixed assets | 22/27 | €1,749 | €1,153 | -€596 | -34.1% |
| Furniture and vehicles | 24 | €1,749 | €1,153 | -€596 | -34.1% |
| Current assets | 29/58 | €35,062 | €75,998 | +€40,937 | +116.8% |
| Amounts receivable within one year | 40/41 | €9,382 | €17,819 | +€8,437 | +89.9% |
| Trade receivables | 40 | €9,382 | €15,819 | +€6,437 | +68.6% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €23,527 | €56,325 | +€32,798 | +139.4% |
| Deferred charges and accrued income | 490/1 | €2,153 | €1,855 | -€299 | -13.9% |
| Total equity and liabilities | 10/49 | €36,811 | €77,152 | +€40,341 | +109.6% |
| Equity | 10/15 | -€6,059 | €35,040 | +€41,099 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,559 | €33,540 | +€41,099 | |
| Amounts payable | 17/49 | €42,869 | €42,112 | -€758 | -1.8% |
| Amounts payable within one year | 42/48 | €42,869 | €42,112 | -€758 | -1.8% |
| Trade debts | 44 | €10,507 | €8,548 | -€1,959 | -18.6% |
| Suppliers | 440/4 | €10,507 | €8,548 | -€1,959 | -18.6% |
| Taxes, remuneration and social security | 45 | €8,229 | €20,881 | +€12,652 | +153.8% |
| Taxes | 450/3 | €5,829 | €20,881 | +€15,052 | +258.2% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €24,134 | €12,684 | -€11,450 | -47.4% |
| Remuneration, social security and pensions | 62 | €1,810 | €1,890 | +€80 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €596 | +€329 | +123.6% |
| Other operating charges | 640/8 | €159 | €191 | +€32 | +20.0% |
| Gross operating margin | 9900 | -€1,102 | €57,666 | +€58,769 | |
| Operating profit (loss) | 9901 | -€3,338 | €54,989 | +€58,328 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €2,090 | €2,604 | +€514 | +24.6% |
| Recurring financial charges | 65 | €2,090 | €2,604 | +€514 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,428 | €52,409 | +€57,837 | |
| Income taxes | 67/77 | - | €11,310 | +€11,310 | |
| Profit (loss) for the period | 9904 | -€5,428 | €41,099 | +€46,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,428 | €41,099 | +€46,527 |
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 5 October 2026 via checked.be.