SB MOTO'S: what changed
What changed
SB MOTO'S
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
filed annual accounts (NBB)
Net result for the year
€81,750
2024 · €79,294+€2,457
Equity
€503,446
2024 · €421,696+€81,750
Cash
€157,529
2024 · €72,829+€84,700
Balance sheet total
€3.4m
2024 · €3.3m+€97,777
Largest movements
Assets
- Cash +€84,700
up €84,700 (+116%), from €72,829 to €157,529
mainly Trade debts (+€354,769) and Depreciation (+€103,515)
Equity and liabilities
- Trade debts +€354,769
up €354,769 (+44.3%), from €800,890 to €1.2m
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year -€83,232
down €83,232 (-5.2%), from €1.6m to €1.5m
- Reserves +€80,000
up €80,000 (+37.9%), from €211,255 to €291,255
of which Distributable reserves: +€80,000
- Current portion of long-term debt -€38,633
down €38,633 (-18.9%), from €204,562 to €165,929
Income statement
- Gross operating margin +€47,994
up €47,994 (+10.9%), from €442,196 to €490,190
- Taxes +€36,415
up €36,415 (+182%), from €20,000 to €56,415
- Staff costs +€11,293
up €11,293 (+6.8%), from €164,915 to €176,208
- Financial charges -€11,249
down €11,249 (-16.3%), from €69,016 to €57,767
- Depreciation +€9,276
up €9,276 (+9.8%), from €94,239 to €103,515
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.
Result 2024
€79,294
Gross operating margin
+€47,994
Staff costs
-€11,293
Depreciation
-€9,276
Other operating charges
-€3,894
Other operating items
+€2,086
Financial income
+€2,006
Financial charges
+€11,249
Taxes
-€36,415
Result 2025
€81,750
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€464,992
Investment
-€108,428
Financing
-€271,864
Cash 2024
€72,829
From operations (derived)
+€464,992
Net result for the year
+€81,750
Depreciation
+€103,515
Stocks and contracts
-€18,238
Receivables within one year
+€16,804
Deferred charges and accrued income
-€6,731
Trade debts
+€354,769
Tax, wage and social debts
-€24,992
Advances received
-€36,339
Other debts
-€5,547
Investment (derived)
-€108,428
Investment in fixed assets (net)
-€108,428
Financing
-€271,864
Debts after one year
-€83,232
Current portion of long-term debt
-€38,633
Short-term financial debts
-€150,000
Cash 2025
€157,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,305,509 | €3,403,286 | +€97,777 | +3.0% |
| Fixed assets | 21/28 | €2,207,324 | €2,212,237 | +€4,913 | +0.2% |
| Tangible fixed assets | 22/27 | €2,207,324 | €2,212,237 | +€4,913 | +0.2% |
| Land and buildings | 22 | €2,105,718 | €2,055,638 | -€50,080 | -2.4% |
| Plant, machinery and equipment | 23 | €61,849 | €64,745 | +€2,896 | +4.7% |
| Furniture and vehicles | 24 | €34,314 | €86,700 | +€52,386 | +153% |
| Other tangible fixed assets | 26 | €5,443 | €5,154 | -€289 | -5.3% |
| Current assets | 29/58 | €1,098,184 | €1,191,048 | +€92,864 | +8.5% |
| Stocks and contracts in progress | 3 | €883,258 | €901,496 | +€18,238 | +2.1% |
| Stocks | 30/36 | €883,258 | €901,496 | +€18,238 | +2.1% |
| Amounts receivable within one year | 40/41 | €142,097 | €125,293 | -€16,804 | -11.8% |
| Trade receivables | 40 | €142,097 | €125,293 | -€16,804 | -11.8% |
| Cash at bank and in hand | 54/58 | €72,829 | €157,529 | +€84,700 | +116% |
| Deferred charges and accrued income | 490/1 | - | €6,731 | +€6,731 | |
| Total equity and liabilities | 10/49 | €3,305,509 | €3,403,286 | +€97,777 | +3.0% |
| Equity | 10/15 | €421,696 | €503,446 | +€81,750 | +19.4% |
| Contributions | 10/11 | €208,600 | €208,600 | = | 0.0% |
| Reserves | 13 | €211,255 | €291,255 | +€80,000 | +37.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €209,395 | €289,395 | +€80,000 | +38.2% |
| Profit (loss) carried forward | 14 | €1,841 | €3,591 | +€1,750 | +95.1% |
| Amounts payable | 17/49 | €2,883,812 | €2,899,839 | +€16,027 | +0.6% |
| Amounts payable after more than one year | 17 | €1,615,248 | €1,532,017 | -€83,232 | -5.2% |
| Financial debts | 170/4 | €1,615,248 | €1,532,017 | -€83,232 | -5.2% |
| Amounts payable within one year | 42/48 | €1,268,564 | €1,367,823 | +€99,258 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €204,562 | €165,929 | -€38,633 | -18.9% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €800,890 | €1,155,659 | +€354,769 | +44.3% |
| Suppliers | 440/4 | €800,890 | €1,155,659 | +€354,769 | +44.3% |
| Advances received on contracts in progress | 46 | €36,339 | - | -€36,339 | |
| Taxes, remuneration and social security | 45 | €54,741 | €29,749 | -€24,992 | -45.7% |
| Taxes | 450/3 | €51,133 | €17,109 | -€34,024 | -66.5% |
| Remuneration and social security | 454/9 | €3,608 | €12,639 | +€9,031 | +250% |
| Other amounts payable | 47/48 | €22,032 | €16,486 | -€5,547 | -25.2% |
| Remuneration, social security and pensions | 62 | €164,915 | €176,208 | +€11,293 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,239 | €103,515 | +€9,276 | +9.8% |
| Other operating charges | 640/8 | €12,706 | €16,600 | +€3,894 | +30.6% |
| Non-recurring operating charges | 66A | €2,086 | - | -€2,086 | |
| Gross operating margin | 9900 | €442,196 | €490,190 | +€47,994 | +10.9% |
| Operating profit (loss) | 9901 | €168,250 | €193,867 | +€25,617 | +15.2% |
| Financial income | 75/76B | €60 | €2,065 | +€2,006 | +3,367% |
| Recurring financial income | 75 | €60 | €2,065 | +€2,006 | +3,367% |
| Financial charges | 65/66B | €69,016 | €57,767 | -€11,249 | -16.3% |
| Recurring financial charges | 65 | €69,016 | €57,767 | -€11,249 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €99,294 | €138,166 | +€38,872 | +39.1% |
| Income taxes | 67/77 | €20,000 | €56,415 | +€36,415 | +182% |
| Profit (loss) for the period | 9904 | €79,294 | €81,750 | +€2,457 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,294 | €81,750 | +€2,457 | +3.1% |
Next steps
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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 3 November 2026 via checked.be.