SB Property Advice: 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 Property Advice
Largest movements
- Receivables after one year -€505,000
no longer reported in 2025 (was €505,000)
- Cash +€133,590
up €133,590 (+170%), from €78,796 to €212,387
mainly Receivables after one year (+€505,000) and Receivables within one year (+€57,218)
- Receivables within one year -€57,218
down €57,218 (-16.6%), from €344,681 to €287,463
of which Trade receivables: -€52,510
- Deferred charges and accrued income -€13,025
down €13,025 (-27.6%), from €47,146 to €34,120
- Other debts -€429,767
down €429,767 (-83.5%), from €514,458 to €84,691
- Reserves -€11,010
down €11,010 (-2.4%), from €465,242 to €454,232
- Gross operating margin +€64,850
up €64,850 (+89.0%), from -€72,836 to -€7,986
- Financial income -€5,973
down €5,973 (-89.6%), from €6,666 to €693
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 | €985,168 | €547,346 | -€437,821 | -44.4% |
| Fixed assets | 21/28 | €9,545 | €13,376 | +€3,831 | +40.1% |
| Tangible fixed assets | 22/27 | €9,545 | €13,376 | +€3,831 | +40.1% |
| Land and buildings | 22 | €6,284 | €6,000 | -€284 | -4.5% |
| Furniture and vehicles | 24 | €3,261 | €7,376 | +€4,115 | +126% |
| Current assets | 29/58 | €975,623 | €533,970 | -€441,653 | -45.3% |
| Amounts receivable after more than one year | 29 | €505,000 | - | -€505,000 | |
| Other amounts receivable | 291 | €505,000 | - | -€505,000 | |
| Amounts receivable within one year | 40/41 | €344,681 | €287,463 | -€57,218 | -16.6% |
| Trade receivables | 40 | €337,500 | €284,990 | -€52,510 | -15.6% |
| Other amounts receivable | 41 | €7,181 | €2,473 | -€4,708 | -65.6% |
| Cash at bank and in hand | 54/58 | €78,796 | €212,387 | +€133,590 | +170% |
| Deferred charges and accrued income | 490/1 | €47,146 | €34,120 | -€13,025 | -27.6% |
| Total equity and liabilities | 10/49 | €985,168 | €547,346 | -€437,821 | -44.4% |
| Equity | 10/15 | €470,242 | €459,232 | -€11,010 | -2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €465,242 | €454,232 | -€11,010 | -2.4% |
| Distributable reserves | 133 | €465,242 | €454,232 | -€11,010 | -2.4% |
| Amounts payable | 17/49 | €514,926 | €88,114 | -€426,811 | -82.9% |
| Amounts payable within one year | 42/48 | €514,926 | €88,114 | -€426,811 | -82.9% |
| Trade debts | 44 | €468 | €3,423 | +€2,955 | +632% |
| Suppliers | 440/4 | €468 | €3,423 | +€2,955 | +632% |
| Other amounts payable | 47/48 | €514,458 | €84,691 | -€429,767 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,094 | €2,098 | +€4 | +0.2% |
| Other operating charges | 640/8 | €1,679 | €1,080 | -€599 | -35.7% |
| Gross operating margin | 9900 | -€72,836 | -€7,986 | +€64,850 | +89.0% |
| Operating profit (loss) | 9901 | -€76,609 | -€11,163 | +€65,445 | +85.4% |
| Financial income | 75/76B | €6,666 | €693 | -€5,973 | -89.6% |
| Recurring financial income | 75 | €6,666 | €693 | -€5,973 | -89.6% |
| Financial charges | 65/66B | €252 | €337 | +€84 | +33.4% |
| Recurring financial charges | 65 | €252 | €337 | +€84 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€70,195 | -€10,807 | +€59,388 | +84.6% |
| Income taxes | 67/77 | €211 | €203 | -€9 | -4.0% |
| Profit (loss) for the period | 9904 | -€70,406 | -€11,010 | +€59,396 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,406 | -€11,010 | +€59,396 | +84.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.