SB RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year -€8,476
down €8,476 (-40.6%), from €20,870 to €12,394
of which Trade receivables: -€8,476
- Tangible fixed assets -€7,084
down €7,084 (-16.0%), from €44,146 to €37,062
of which Furniture and vehicles: -€5,807
- Cash +€1,349
up €1,349 (+10.6%), from €12,722 to €14,071
mainly Receivables within one year (+€8,476) and Depreciation (+€8,137)
- Profit (loss) carried forward -€14,837
down €14,837, from €6,189 to -€8,648
- Trade debts +€1,146
up €1,146 (+297%), from €386 to €1,533
- Gross operating margin -€11,994
down €11,994, from €6,159 to -€5,835
- Depreciation -€590
down €590 (-6.8%), from €8,727 to €8,137
- Other operating charges -€98
down €98 (-11.6%), from €838 to €740
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 | €78,589 | €64,343 | -€14,246 | -18.1% |
| Fixed assets | 21/28 | €44,366 | €37,282 | -€7,084 | -16.0% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €44,146 | €37,062 | -€7,084 | -16.0% |
| Land and buildings | 22 | €18,214 | €17,680 | -€533 | -2.9% |
| Plant, machinery and equipment | 23 | €854 | €110 | -€744 | -87.1% |
| Furniture and vehicles | 24 | €25,078 | €19,271 | -€5,807 | -23.2% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €34,223 | €27,061 | -€7,162 | -20.9% |
| Amounts receivable within one year | 40/41 | €20,870 | €12,394 | -€8,476 | -40.6% |
| Trade receivables | 40 | €14,706 | €6,230 | -€8,476 | -57.6% |
| Other amounts receivable | 41 | €6,164 | €6,164 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €12,722 | €14,071 | +€1,349 | +10.6% |
| Deferred charges and accrued income | 490/1 | €632 | €597 | -€35 | -5.5% |
| Total equity and liabilities | 10/49 | €78,589 | €64,343 | -€14,246 | -18.1% |
| Equity | 10/15 | €62,832 | €47,995 | -€14,837 | -23.6% |
| Contributions | 10/11 | €6,280 | €6,280 | = | 0.0% |
| Reserves | 13 | €50,363 | €50,363 | = | 0.0% |
| 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 | €48,503 | €48,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,189 | -€8,648 | -€14,837 | |
| Amounts payable | 17/49 | €15,757 | €16,348 | +€591 | +3.7% |
| Amounts payable within one year | 42/48 | €15,757 | €16,348 | +€591 | +3.7% |
| Trade debts | 44 | €386 | €1,533 | +€1,146 | +297% |
| Suppliers | 440/4 | €386 | €1,533 | +€1,146 | +297% |
| Other amounts payable | 47/48 | €15,371 | €14,816 | -€556 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,727 | €8,137 | -€590 | -6.8% |
| Other operating charges | 640/8 | €838 | €740 | -€98 | -11.6% |
| Gross operating margin | 9900 | €6,159 | -€5,835 | -€11,994 | |
| Operating profit (loss) | 9901 | -€3,406 | -€14,712 | -€11,306 | -332% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €137 | €125 | -€13 | -9.2% |
| Recurring financial charges | 65 | €137 | €125 | -€13 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,543 | -€14,837 | -€11,294 | -319% |
| Income taxes | 67/77 | -€1 | €0 | +€1 | |
| Profit (loss) for the period | 9904 | -€3,543 | -€14,837 | -€11,294 | -319% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,543 | -€14,837 | -€11,294 | -319% |
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 19 October 2026 via checked.be.