SBAM: 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.
SBAM
Largest movements
- Receivables within one year +€52,703
up €52,703 (+3,535%), from €1,491 to €54,195
of which Other amounts receivable: +€50,032
- Cash +€19,594
up €19,594 (+88.5%), from €22,141 to €41,735
mainly Net result for the year (+€75,353) and Investment in fixed assets (net) (+€16,476)
- Intangible fixed assets -€16,476
no longer reported in 2025 (was €16,476)
- Stocks and contracts -€2,361
no longer reported in 2025 (was €2,361)
- Reserves +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€25,353
up €25,353 (+18.2%), from -€138,994 to -€113,641
- Trade debts -€16,148
down €16,148 (-85.4%), from €18,906 to €2,758
- Tax, wage and social debts -€6,020
down €6,020 (-60.5%), from €9,953 to €3,933
of which Remuneration and social security: -€5,476
- Staff costs -€70,777
down €70,777 (-85.2%), from €83,058 to €12,281
- Gross operating margin +€14,330
up €14,330 (+18.6%), from €76,906 to €91,236
- Depreciation -€6,250
down €6,250 (-95.6%), from €6,538 to €288
- Other operating charges +€1,257
up €1,257 (+218%), from €576 to €1,833
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 | €44,865 | €98,050 | +€53,184 | +119% |
| Fixed assets | 21/28 | €17,266 | €503 | -€16,764 | -97.1% |
| Intangible fixed assets | 21 | €16,476 | - | -€16,476 | |
| Tangible fixed assets | 22/27 | €427 | €140 | -€288 | -67.3% |
| Furniture and vehicles | 24 | €427 | €140 | -€288 | -67.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €27,599 | €97,547 | +€69,948 | +253% |
| Stocks and contracts in progress | 3 | €2,361 | - | -€2,361 | |
| Stocks | 30/36 | €2,361 | - | -€2,361 | |
| Amounts receivable within one year | 40/41 | €1,491 | €54,195 | +€52,703 | +3,535% |
| Trade receivables | 40 | €497 | €3,169 | +€2,672 | +537% |
| Other amounts receivable | 41 | €994 | €51,026 | +€50,032 | +5,035% |
| Cash at bank and in hand | 54/58 | €22,141 | €41,735 | +€19,594 | +88.5% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,617 | +€11 | +0.7% |
| Total equity and liabilities | 10/49 | €44,865 | €98,050 | +€53,184 | +119% |
| Equity | 10/15 | €16,006 | €91,359 | +€75,353 | +471% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Non-distributable reserves | 130/1 | - | €50,000 | +€50,000 | |
| Financial assistance | 1313 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€138,994 | -€113,641 | +€25,353 | +18.2% |
| Amounts payable | 17/49 | €28,859 | €6,690 | -€22,169 | -76.8% |
| Amounts payable within one year | 42/48 | €28,859 | €6,690 | -€22,169 | -76.8% |
| Trade debts | 44 | €18,906 | €2,758 | -€16,148 | -85.4% |
| Suppliers | 440/4 | €18,906 | €2,758 | -€16,148 | -85.4% |
| Taxes, remuneration and social security | 45 | €9,953 | €3,933 | -€6,020 | -60.5% |
| Taxes | 450/3 | €702 | €158 | -€544 | -77.5% |
| Remuneration and social security | 454/9 | €9,251 | €3,775 | -€5,476 | -59.2% |
| Remuneration, social security and pensions | 62 | €83,058 | €12,281 | -€70,777 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,538 | €288 | -€6,250 | -95.6% |
| Other operating charges | 640/8 | €576 | €1,833 | +€1,257 | +218% |
| Gross operating margin | 9900 | €76,906 | €91,236 | +€14,330 | +18.6% |
| Operating profit (loss) | 9901 | -€13,266 | €76,835 | +€90,101 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.1% |
| Financial charges | 65/66B | €2,153 | €1,324 | -€829 | -38.5% |
| Recurring financial charges | 65 | €2,153 | €1,324 | -€829 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,418 | €75,511 | +€90,929 | |
| Income taxes | 67/77 | €118 | €158 | +€40 | +34.2% |
| Profit (loss) for the period | 9904 | -€15,536 | €75,353 | +€90,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,536 | €75,353 | +€90,888 |
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 29 October 2026 via checked.be.