SB solutions: 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.
SB solutions
Largest movements
- Cash -€166,182
down €166,182 (-37.0%), from €448,618 to €282,436
mainly Contributions, distributions and other (-€372,854) and Receivables within one year (-€21,167)
- Receivables within one year +€21,167
up €21,167 (+85.9%), from €24,629 to €45,796
of which Trade receivables: +€23,975
- Current investments +€16,319
up €16,319 (+6.0%), from €274,083 to €290,402
- Tangible fixed assets -€8,884
down €8,884 (-55.8%), from €15,923 to €7,039
of which Furniture and vehicles: -€9,975
- Reserves -€203,627
down €203,627 (-30.2%), from €673,192 to €469,564
- Trade debts +€51,752
up €51,752 (+566.9%), from €9,128 to €60,880
- Other debts +€21,187
up €21,187 (+34.4%), from €61,647 to €82,834
- Gross operating margin -€4,826
down €4,826 (-1.4%), from €348,447 to €343,621
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 | €825,776 | €688,319 | -€137,457 | -16.6% |
| Fixed assets | 21/28 | €17,249 | €8,367 | -€8,881 | -51.5% |
| Tangible fixed assets | 22/27 | €15,923 | €7,039 | -€8,884 | -55.8% |
| Plant, machinery and equipment | 23 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | €15,923 | €5,948 | -€9,975 | -62.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,326 | €1,329 | +€3 | +0.2% |
| Current assets | 29/58 | €808,528 | €679,952 | -€128,576 | -15.9% |
| Stocks and contracts in progress | 3 | €61,198 | €55,542 | -€5,656 | -9.2% |
| Stocks | 30/36 | €61,198 | €55,542 | -€5,656 | -9.2% |
| Amounts receivable within one year | 40/41 | €24,629 | €45,796 | +€21,167 | +85.9% |
| Trade receivables | 40 | €21,780 | €45,755 | +€23,975 | +110.1% |
| Other amounts receivable | 41 | €2,848 | €41 | -€2,808 | -98.6% |
| Current investments | 50/53 | €274,083 | €290,402 | +€16,319 | +6.0% |
| Cash at bank and in hand | 54/58 | €448,618 | €282,436 | -€166,182 | -37.0% |
| Deferred charges and accrued income | 490/1 | - | €5,776 | +€5,776 | |
| Total equity and liabilities | 10/49 | €825,776 | €688,319 | -€137,457 | -16.6% |
| Equity | 10/15 | €697,992 | €494,364 | -€203,627 | -29.2% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €673,192 | €469,564 | -€203,627 | -30.2% |
| Distributable reserves | 133 | €673,192 | €469,564 | -€203,627 | -30.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,785 | €193,955 | +€66,170 | +51.8% |
| Amounts payable within one year | 42/48 | €127,785 | €193,955 | +€66,170 | +51.8% |
| Trade debts | 44 | €9,128 | €60,880 | +€51,752 | +566.9% |
| Suppliers | 440/4 | €9,128 | €60,880 | +€51,752 | +566.9% |
| Taxes, remuneration and social security | 45 | €57,009 | €50,241 | -€6,768 | -11.9% |
| Taxes | 450/3 | €42,590 | €39,804 | -€2,786 | -6.5% |
| Remuneration and social security | 454/9 | €14,418 | €10,437 | -€3,982 | -27.6% |
| Other amounts payable | 47/48 | €61,647 | €82,834 | +€21,187 | +34.4% |
| Remuneration, social security and pensions | 62 | €86,165 | €88,993 | +€2,827 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,564 | €10,033 | -€531 | -5.0% |
| Other operating charges | 640/8 | €854 | €1,142 | +€288 | +33.7% |
| Gross operating margin | 9900 | €348,447 | €343,621 | -€4,826 | -1.4% |
| Operating profit (loss) | 9901 | €250,864 | €243,454 | -€7,410 | -3.0% |
| Financial income | 75/76B | €11,105 | €10,068 | -€1,037 | -9.3% |
| Recurring financial income | 75 | €11,105 | €10,068 | -€1,037 | -9.3% |
| Financial charges | 65/66B | €3,390 | €3,041 | -€348 | -10.3% |
| Recurring financial charges | 65 | €3,390 | €3,041 | -€348 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €258,579 | €250,480 | -€8,098 | -3.1% |
| Income taxes | 67/77 | €79,910 | €81,254 | +€1,344 | +1.7% |
| Profit (loss) for the period | 9904 | €178,669 | €169,226 | -€9,443 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €178,669 | €169,226 | -€9,443 | -5.3% |
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 4 October 2026 via checked.be.