SBC: 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.
SBC
Largest movements
- Cash +€124,930
up €124,930 (+267.3%), from €46,742 to €171,672
mainly Net result for the year (+€219,658) and Current investments (+€75,626)
- Current investments -€75,626
down €75,626 (-60.5%), from €124,925 to €49,299
- Receivables within one year -€21,749
down €21,749 (-48.5%), from €44,845 to €23,096
of which Trade receivables: -€24,529
- Other debts +€27,330
up €27,330 (+20.8%), from €131,525 to €158,855
- Reserves +€13,184
up €13,184 (+16.2%), from €81,474 to €94,658
- Tax, wage and social debts -€9,124
down €9,124 (-78.5%), from €11,624 to €2,500
- Gross operating margin +€163,784
up €163,784 (+120.8%), from €135,626 to €299,409
- Taxes +€37,119
up €37,119 (+119.9%), from €30,961 to €68,080
- Depreciation +€7,473
up €7,473 (+680.4%), from €1,098 to €8,571
- Financial income -€6,658
down €6,658 (-69.9%), from €9,523 to €2,866
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 | €236,235 | €264,936 | +€28,701 | +12.1% |
| Fixed assets | 21/28 | €17,979 | €19,967 | +€1,989 | +11.1% |
| Tangible fixed assets | 22/27 | €17,979 | €19,967 | +€1,989 | +11.1% |
| Furniture and vehicles | 24 | €17,979 | €19,967 | +€1,989 | +11.1% |
| Current assets | 29/58 | €218,257 | €244,968 | +€26,712 | +12.2% |
| Amounts receivable within one year | 40/41 | €44,845 | €23,096 | -€21,749 | -48.5% |
| Trade receivables | 40 | €35,960 | €11,431 | -€24,529 | -68.2% |
| Other amounts receivable | 41 | €8,885 | €11,665 | +€2,780 | +31.3% |
| Current investments | 50/53 | €124,925 | €49,299 | -€75,626 | -60.5% |
| Cash at bank and in hand | 54/58 | €46,742 | €171,672 | +€124,930 | +267.3% |
| Deferred charges and accrued income | 490/1 | €1,744 | €901 | -€843 | -48.3% |
| Total equity and liabilities | 10/49 | €236,235 | €264,936 | +€28,701 | +12.1% |
| Equity | 10/15 | €84,474 | €97,658 | +€13,184 | +15.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,474 | €94,658 | +€13,184 | +16.2% |
| Distributable reserves | 133 | €81,474 | €94,658 | +€13,184 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €151,761 | €167,277 | +€15,517 | +10.2% |
| Amounts payable within one year | 42/48 | €149,649 | €165,513 | +€15,864 | +10.6% |
| Trade debts | 44 | €6,501 | €4,158 | -€2,342 | -36.0% |
| Suppliers | 440/4 | €6,501 | €4,158 | -€2,342 | -36.0% |
| Taxes, remuneration and social security | 45 | €11,624 | €2,500 | -€9,124 | -78.5% |
| Taxes | 450/3 | €11,624 | €2,500 | -€9,124 | -78.5% |
| Other amounts payable | 47/48 | €131,525 | €158,855 | +€27,330 | +20.8% |
| Accrued charges and deferred income | 492/3 | €2,112 | €1,764 | -€348 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €8,571 | +€7,473 | +680.4% |
| Other operating charges | 640/8 | €1,039 | €1,070 | +€31 | +3.0% |
| Gross operating margin | 9900 | €135,626 | €299,409 | +€163,784 | +120.8% |
| Operating profit (loss) | 9901 | €133,488 | €289,768 | +€156,280 | +117.1% |
| Financial income | 75/76B | €9,523 | €2,866 | -€6,658 | -69.9% |
| Recurring financial income | 75 | €9,523 | €2,866 | -€6,658 | -69.9% |
| Financial charges | 65/66B | €2,507 | €4,896 | +€2,388 | +95.2% |
| Recurring financial charges | 65 | €2,507 | €4,896 | +€2,388 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €140,504 | €287,738 | +€147,234 | +104.8% |
| Income taxes | 67/77 | €30,961 | €68,080 | +€37,119 | +119.9% |
| Profit (loss) for the period | 9904 | €109,543 | €219,658 | +€110,115 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,543 | €219,658 | +€110,115 | +100.5% |
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 12 October 2026 via checked.be.