SB Plus: 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 Plus
Largest movements
- Cash +€1.0m
up €1.0m (+317.9%), from €330,222 to €1.4m
mainly Current investments (+€500,000) and Net result for the year (+€429,515)
- Current investments -€500,000
down €500,000 (-94.3%), from €530,000 to €30,000
- Deferred charges and accrued income -€54,657
down €54,657 (-8.2%), from €667,692 to €613,035
- Receivables within one year -€50,620
down €50,620 (-90.3%), from €56,039 to €5,418
of which Other amounts receivable: -€49,343
- Profit (loss) carried forward +€345,315
up €345,315 (+42.7%), from €809,623 to €1.2m
- Tax, wage and social debts +€91,471
up €91,471 (+76.3%), from €119,877 to €211,348
of which Taxes: +€90,061
- Reserves +€84,200
up €84,200 (+222.7%), from €37,815 to €122,015
of which Tax-exempt reserves: +€84,200
- Accrued charges and deferred income +€83,937
up €83,937 (+24.0%), from €350,355 to €434,292
- Other debts -€72,819
down €72,819 (-82.4%), from €88,425 to €15,605
- Gross operating margin +€159,813
up €159,813 (+14.1%), from €1.1m to €1.3m
- Depreciation -€108,943
down €108,943 (-50.0%), from €217,828 to €108,885
- Staff costs +€75,973
up €75,973 (+15.4%), from €494,261 to €570,234
- Taxes +€53,803
up €53,803 (+50.6%), from €106,355 to €160,158
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 | €1,999,043 | €2,451,766 | +€452,723 | +22.6% |
| Fixed assets | 21/28 | €415,090 | €423,342 | +€8,252 | +2.0% |
| Tangible fixed assets | 22/27 | €410,990 | €419,242 | +€8,252 | +2.0% |
| Plant, machinery and equipment | 23 | €210,779 | €172,287 | -€38,492 | -18.3% |
| Furniture and vehicles | 24 | €35,856 | €85,945 | +€50,089 | +139.7% |
| Other tangible fixed assets | 26 | €164,355 | €161,010 | -€3,345 | -2.0% |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €1,583,953 | €2,028,424 | +€444,471 | +28.1% |
| Amounts receivable within one year | 40/41 | €56,039 | €5,418 | -€50,620 | -90.3% |
| Trade receivables | 40 | €1,277 | - | -€1,277 | |
| Other amounts receivable | 41 | €54,761 | €5,418 | -€49,343 | -90.1% |
| Current investments | 50/53 | €530,000 | €30,000 | -€500,000 | -94.3% |
| Cash at bank and in hand | 54/58 | €330,222 | €1,379,970 | +€1.0m | +317.9% |
| Deferred charges and accrued income | 490/1 | €667,692 | €613,035 | -€54,657 | -8.2% |
| Total equity and liabilities | 10/49 | €1,999,043 | €2,451,766 | +€452,723 | +22.6% |
| Equity | 10/15 | €886,038 | €1,315,553 | +€429,515 | +48.5% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €37,815 | €122,015 | +€84,200 | +222.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €355 | €84,555 | +€84,200 | +23703.6% |
| Distributable reserves | 133 | €35,600 | €35,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €809,623 | €1,154,938 | +€345,315 | +42.7% |
| Provisions and deferred taxes | 16 | €232,329 | €229,189 | -€3,140 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €232,329 | €229,189 | -€3,140 | -1.4% |
| Other liabilities and charges | 164/5 | €232,329 | €229,189 | -€3,140 | -1.4% |
| Amounts payable | 17/49 | €880,676 | €907,024 | +€26,348 | +3.0% |
| Amounts payable after more than one year | 17 | €130,552 | €78,179 | -€52,373 | -40.1% |
| Financial debts | 170/4 | €130,552 | €78,179 | -€52,373 | -40.1% |
| Amounts payable within one year | 42/48 | €399,769 | €394,553 | -€5,216 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €124,443 | €52,373 | -€72,069 | -57.9% |
| Trade debts | 44 | €67,025 | €115,226 | +€48,202 | +71.9% |
| Suppliers | 440/4 | €67,025 | €115,226 | +€48,202 | +71.9% |
| Taxes, remuneration and social security | 45 | €119,877 | €211,348 | +€91,471 | +76.3% |
| Taxes | 450/3 | €56,516 | €146,576 | +€90,061 | +159.4% |
| Remuneration and social security | 454/9 | €63,361 | €64,772 | +€1,410 | +2.2% |
| Other amounts payable | 47/48 | €88,425 | €15,605 | -€72,819 | -82.4% |
| Accrued charges and deferred income | 492/3 | €350,355 | €434,292 | +€83,937 | +24.0% |
| Remuneration, social security and pensions | 62 | €494,261 | €570,234 | +€75,973 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,828 | €108,885 | -€108,943 | -50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,358 | -€3,140 | +€218 | +6.5% |
| Other operating charges | 640/8 | €5,390 | €3,582 | -€1,808 | -33.5% |
| Gross operating margin | 9900 | €1,134,414 | €1,294,227 | +€159,813 | +14.1% |
| Operating profit (loss) | 9901 | €420,292 | €614,665 | +€194,373 | +46.2% |
| Financial income | 75/76B | €1,846 | €3,789 | +€1,943 | +105.2% |
| Recurring financial income | 75 | €1,846 | €3,789 | +€1,943 | +105.2% |
| Financial charges | 65/66B | €36,412 | €28,782 | -€7,630 | -21.0% |
| Recurring financial charges | 65 | €36,412 | €28,782 | -€7,630 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €385,727 | €589,673 | +€203,946 | +52.9% |
| Income taxes | 67/77 | €106,355 | €160,158 | +€53,803 | +50.6% |
| Profit (loss) for the period | 9904 | €279,372 | €429,515 | +€150,143 | +53.7% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €279,372 | €345,315 | +€65,943 | +23.6% |
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 10 October 2026 via checked.be.