SBC Group: 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 Group
Largest movements
- Tangible fixed assets +€25,224
up €25,224 (+93.7%), from €26,923 to €52,147
- Cash +€13,534
up €13,534 (+33.0%), from €40,989 to €54,523
mainly Other debts (+€43,010) and Receivables within one year (+€9,833)
- Receivables within one year -€9,833
down €9,833 (-41.3%), from €23,814 to €13,981
of which Trade receivables: -€10,128
- Deferred charges and accrued income +€3,102
up €3,102 (+39.6%), from €7,836 to €10,938
- Financial fixed assets +€2,970
new in 2025: €2,970
- Other debts +€43,010
up €43,010 (+738%), from €5,832 to €48,842
- Trade debts -€8,221
down €8,221 (-50.5%), from €16,281 to €8,060
- Tax, wage and social debts -€7,497
down €7,497 (-31.2%), from €23,993 to €16,496
of which Taxes: -€10,131
- Debts after one year +€2,869
up €2,869 (+38.3%), from €7,490 to €10,359
- Current portion of long-term debt +€2,573
up €2,573 (+71.3%), from €3,606 to €6,178
- Gross operating margin -€29,998
down €29,998 (-35.5%), from €84,609 to €54,611
- Taxes -€9,885
down €9,885 (-92.8%), from €10,654 to €769
- Staff costs +€1,905
up €1,905 (+4.8%), from €39,710 to €41,615
- Depreciation +€1,823
up €1,823 (+38.8%), from €4,704 to €6,527
- Financial charges +€898
up €898 (+76.1%), from €1,181 to €2,079
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 | €100,351 | €134,762 | +€34,411 | +34.3% |
| Fixed assets | 21/28 | €27,712 | €55,320 | +€27,608 | +99.6% |
| Intangible fixed assets | 21 | €790 | €204 | -€586 | -74.2% |
| Tangible fixed assets | 22/27 | €26,923 | €52,147 | +€25,224 | +93.7% |
| Plant, machinery and equipment | 23 | €1,030 | €12,765 | +€11,735 | +1,139% |
| Furniture and vehicles | 24 | €9,769 | €12,727 | +€2,958 | +30.3% |
| Other tangible fixed assets | 26 | €16,124 | €26,655 | +€10,530 | +65.3% |
| Financial fixed assets | 28 | - | €2,970 | +€2,970 | |
| Current assets | 29/58 | €72,639 | €79,442 | +€6,803 | +9.4% |
| Amounts receivable within one year | 40/41 | €23,814 | €13,981 | -€9,833 | -41.3% |
| Trade receivables | 40 | €23,377 | €13,250 | -€10,128 | -43.3% |
| Other amounts receivable | 41 | €437 | €731 | +€295 | +67.5% |
| Cash at bank and in hand | 54/58 | €40,989 | €54,523 | +€13,534 | +33.0% |
| Deferred charges and accrued income | 490/1 | €7,836 | €10,938 | +€3,102 | +39.6% |
| Total equity and liabilities | 10/49 | €100,351 | €134,762 | +€34,411 | +34.3% |
| Equity | 10/15 | €43,150 | €44,827 | +€1,677 | +3.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,850 | -€5,173 | +€1,677 | +24.5% |
| Amounts payable | 17/49 | €57,201 | €89,935 | +€32,734 | +57.2% |
| Amounts payable after more than one year | 17 | €7,490 | €10,359 | +€2,869 | +38.3% |
| Financial debts | 170/4 | €7,490 | €10,359 | +€2,869 | +38.3% |
| Amounts payable within one year | 42/48 | €49,711 | €79,576 | +€29,865 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €3,606 | €6,178 | +€2,573 | +71.3% |
| Trade debts | 44 | €16,281 | €8,060 | -€8,221 | -50.5% |
| Suppliers | 440/4 | €16,281 | €8,060 | -€8,221 | -50.5% |
| Taxes, remuneration and social security | 45 | €23,993 | €16,496 | -€7,497 | -31.2% |
| Taxes | 450/3 | €18,675 | €8,544 | -€10,131 | -54.3% |
| Remuneration and social security | 454/9 | €5,318 | €7,952 | +€2,635 | +49.5% |
| Other amounts payable | 47/48 | €5,832 | €48,842 | +€43,010 | +738% |
| Remuneration, social security and pensions | 62 | €39,710 | €41,615 | +€1,905 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,704 | €6,527 | +€1,823 | +38.8% |
| Other operating charges | 640/8 | €1,430 | €1,980 | +€551 | +38.5% |
| Gross operating margin | 9900 | €84,609 | €54,611 | -€29,998 | -35.5% |
| Operating profit (loss) | 9901 | €38,765 | €4,488 | -€34,277 | -88.4% |
| Financial income | 75/76B | €36 | €36 | +€1 | +2.2% |
| Recurring financial income | 75 | €36 | €36 | +€1 | +2.2% |
| Financial charges | 65/66B | €1,181 | €2,079 | +€898 | +76.1% |
| Recurring financial charges | 65 | €1,181 | €2,079 | +€898 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €37,620 | €2,446 | -€35,175 | -93.5% |
| Income taxes | 67/77 | €10,654 | €769 | -€9,885 | -92.8% |
| Profit (loss) for the period | 9904 | €26,966 | €1,677 | -€25,289 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,966 | €1,677 | -€25,289 | -93.8% |
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 27 October 2026 via checked.be.