Skip to content

SB SERVICES: 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.

What changed

SB SERVICES

BE 0895.099.469
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€264,566
2024 · €170,847+€93,719
Equity
€683,071
2024 · €1.2m-€484,671
Cash
€471,263
2024 · €283,532+€187,731
Balance sheet total
€928,117
2024 · €1.2m-€257,066

Largest movements

2024 to 2025
Assets
  • Current investments -€436,257

    down €436,257 (-49.0%), from €889,523 to €453,265

  • Cash +€187,731

    up €187,731 (+66.2%), from €283,532 to €471,263

    mainly Current investments (+€436,257) and Net result for the year (+€264,566)

Equity and liabilities
  • Reserves -€484,671

    down €484,671 (-41.7%), from €1.2m to €676,871

  • Other debts +€227,605

    up €227,605 (+1305.0%), from €17,441 to €245,046

Income statement
  • Gross operating margin +€116,568

    up €116,568 (+47.4%), from €246,100 to €362,668

  • Taxes +€43,202

    up €43,202 (+53.8%), from €80,262 to €123,464

  • Financial income +€18,876

    up €18,876 (+236.9%), from €7,968 to €26,844

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €170,847
Gross operating margin +€116,568
Other operating charges -€33
Financial income +€18,876
Financial charges +€1,510
Taxes -€43,202
Result 2025 €264,566

Cash bridge derived

cash 2024 to 2025

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.

From operations +€500,710
Investment +€436,257
Financing -€749,237
Cash 2024 €283,532
Net result for the year +€264,566
Receivables within one year +€8,539
Other debts +€227,605
Current investments +€436,257
Contributions, distributions and other -€749,237
Cash 2025 €471,263
Every line side by side 28 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,185,183 €928,117 -€257,066 -21.7%
Current assets 29/58 €1,185,183 €928,117 -€257,066 -21.7%
Amounts receivable within one year 40/41 €12,128 €3,589 -€8,539 -70.4%
Other amounts receivable 41 €12,128 €3,589 -€8,539 -70.4%
Current investments 50/53 €889,523 €453,265 -€436,257 -49.0%
Cash at bank and in hand 54/58 €283,532 €471,263 +€187,731 +66.2%
Total equity and liabilities 10/49 €1,185,183 €928,117 -€257,066 -21.7%
Equity 10/15 €1,167,742 €683,071 -€484,671 -41.5%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €1,161,542 €676,871 -€484,671 -41.7%
Distributable reserves 133 €1,161,542 €676,871 -€484,671 -41.7%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €17,441 €245,046 +€227,605 +1305.0%
Amounts payable within one year 42/48 €17,441 €245,046 +€227,605 +1305.0%
Taxes, remuneration and social security 45 €0 - =
Taxes 450/3 €0 - =
Other amounts payable 47/48 €17,441 €245,046 +€227,605 +1305.0%
Other operating charges 640/8 €1,086 €1,118 +€33 +3.0%
Gross operating margin 9900 €246,100 €362,668 +€116,568 +47.4%
Operating profit (loss) 9901 €245,015 €361,549 +€116,535 +47.6%
Financial income 75/76B €7,968 €26,844 +€18,876 +236.9%
Recurring financial income 75 €7,968 €26,844 +€18,876 +236.9%
Financial charges 65/66B €1,874 €364 -€1,510 -80.6%
Recurring financial charges 65 €1,874 €364 -€1,510 -80.6%
Profit (loss) for the period before taxes 9903 €251,109 €388,030 +€136,921 +54.5%
Income taxes 67/77 €80,262 €123,464 +€43,202 +53.8%
Profit (loss) for the period 9904 €170,847 €264,566 +€93,719 +54.9%
Profit (loss) for the period to be appropriated 9905 €170,847 €264,566 +€93,719 +54.9%

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 28 September 2026 via checked.be.