SBA EFFICIENCY: 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.
SBA EFFICIENCY
Largest movements
- Cash +€68,283
up €68,283 (+109%), from €62,575 to €130,859
mainly Net result for the year (+€85,147) and Tax, wage and social debts (+€12,756)
- Receivables within one year +€29,030
up €29,030 (+64.6%), from €44,964 to €73,994
of which Other amounts receivable: +€29,746
- Intangible fixed assets -€7,035
down €7,035 (-92.2%), from €7,632 to €597
- Tangible fixed assets -€4,618
down €4,618 (-14.4%), from €32,040 to €27,422
- Stocks and contracts +€2,838
up €2,838 (+19.2%), from €14,808 to €17,646
- Profit (loss) carried forward +€44,901
up €44,901 (+48.0%), from €93,511 to €138,413
- Reserves +€40,246
up €40,246 (+301%), from €13,360 to €53,606
of which Distributable reserves: +€40,246
- Tax, wage and social debts +€12,756
up €12,756 (+36.3%), from €35,178 to €47,934
of which Taxes: +€11,188
- Current portion of long-term debt -€8,129
no longer reported in 2025 (was €8,129)
- Gross operating margin +€18,772
up €18,772 (+15.8%), from €118,886 to €137,658
- Taxes +€8,777
up €8,777 (+30.7%), from €28,617 to €37,394
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 | €162,397 | €250,902 | +€88,505 | +54.5% |
| Fixed assets | 21/28 | €39,673 | €28,019 | -€11,653 | -29.4% |
| Intangible fixed assets | 21 | €7,632 | €597 | -€7,035 | -92.2% |
| Tangible fixed assets | 22/27 | €32,040 | €27,422 | -€4,618 | -14.4% |
| Land and buildings | 22 | €13,684 | €11,931 | -€1,753 | -12.8% |
| Plant, machinery and equipment | 23 | €1,320 | €990 | -€330 | -25.0% |
| Furniture and vehicles | 24 | €9,170 | €7,483 | -€1,688 | -18.4% |
| Other tangible fixed assets | 26 | €7,866 | €7,018 | -€848 | -10.8% |
| Current assets | 29/58 | €122,724 | €222,883 | +€100,159 | +81.6% |
| Stocks and contracts in progress | 3 | €14,808 | €17,646 | +€2,838 | +19.2% |
| Stocks | 30/36 | €14,808 | €17,646 | +€2,838 | +19.2% |
| Amounts receivable within one year | 40/41 | €44,964 | €73,994 | +€29,030 | +64.6% |
| Trade receivables | 40 | €19,464 | €18,748 | -€716 | -3.7% |
| Other amounts receivable | 41 | €25,500 | €55,246 | +€29,746 | +117% |
| Cash at bank and in hand | 54/58 | €62,575 | €130,859 | +€68,283 | +109% |
| Deferred charges and accrued income | 490/1 | €378 | €385 | +€7 | +1.8% |
| Total equity and liabilities | 10/49 | €162,397 | €250,902 | +€88,505 | +54.5% |
| Equity | 10/15 | €113,071 | €198,219 | +€85,147 | +75.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €13,360 | €53,606 | +€40,246 | +301% |
| 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 | €11,500 | €51,746 | +€40,246 | +350% |
| Profit (loss) carried forward | 14 | €93,511 | €138,413 | +€44,901 | +48.0% |
| Amounts payable | 17/49 | €49,325 | €52,683 | +€3,358 | +6.8% |
| Amounts payable within one year | 42/48 | €49,325 | €52,683 | +€3,358 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €8,129 | - | -€8,129 | |
| Trade debts | 44 | €5,442 | €4,750 | -€692 | -12.7% |
| Suppliers | 440/4 | €5,442 | €4,750 | -€692 | -12.7% |
| Taxes, remuneration and social security | 45 | €35,178 | €47,934 | +€12,756 | +36.3% |
| Taxes | 450/3 | €35,178 | €46,366 | +€11,188 | +31.8% |
| Remuneration and social security | 454/9 | - | €1,568 | +€1,568 | |
| Other amounts payable | 47/48 | €577 | - | -€577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,653 | €12,676 | -€977 | -7.2% |
| Other operating charges | 640/8 | €1,084 | €1,045 | -€39 | -3.6% |
| Gross operating margin | 9900 | €118,886 | €137,658 | +€18,772 | +15.8% |
| Operating profit (loss) | 9901 | €104,148 | €123,937 | +€19,788 | +19.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,881 | €1,396 | -€485 | -25.8% |
| Recurring financial charges | 65 | €1,881 | €1,396 | -€485 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €102,267 | €122,541 | +€20,274 | +19.8% |
| Income taxes | 67/77 | €28,617 | €37,394 | +€8,777 | +30.7% |
| Profit (loss) for the period | 9904 | €73,650 | €85,147 | +€11,497 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,650 | €85,147 | +€11,497 | +15.6% |
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 15 October 2026 via checked.be.