SBcon: 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.
SBcon
Largest movements
- Cash +€22,684
up €22,684 (+90.1%), from €25,187 to €47,871
mainly Net result for the year (+€40,532) and Depreciation (+€5,891)
- Receivables within one year +€7,482
up €7,482 (+62.8%), from €11,923 to €19,405
of which Trade receivables: +€7,482
- Tangible fixed assets -€3,248
down €3,248 (-12.0%), from €27,108 to €23,860
- Reserves +€34,513
up €34,513 (+245.2%), from €14,078 to €48,592
- Debts after one year -€7,901
down €7,901 (-34.9%), from €22,610 to €14,709
- Other debts -€7,435
down €7,435 (-50.8%), from €14,636 to €7,201
- Profit (loss) carried forward +€6,018
up €6,018 (+37.6%), from -€16,018 to -€10,000
- Tax, wage and social debts +€1,786
up €1,786 (+15.0%), from €11,906 to €13,692
- Gross operating margin +€45,670
up €45,670 (+323.0%), from €14,138 to €59,807
- Taxes +€9,290
up €9,290 (+1046.3%), from €888 to €10,178
- Depreciation +€4,039
up €4,039 (+218.2%), from €1,851 to €5,891
- Financial charges +€1,205
up €1,205 (+261.3%), from €461 to €1,666
- Other operating charges -€960
down €960 (-38.4%), from €2,504 to €1,544
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 | €65,444 | €92,412 | +€26,968 | +41.2% |
| Fixed assets | 21/28 | €27,108 | €23,860 | -€3,248 | -12.0% |
| Tangible fixed assets | 22/27 | €27,108 | €23,860 | -€3,248 | -12.0% |
| Furniture and vehicles | 24 | €27,108 | €23,860 | -€3,248 | -12.0% |
| Current assets | 29/58 | €38,336 | €68,552 | +€30,216 | +78.8% |
| Amounts receivable within one year | 40/41 | €11,923 | €19,405 | +€7,482 | +62.8% |
| Trade receivables | 40 | €11,923 | €19,405 | +€7,482 | +62.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,187 | €47,871 | +€22,684 | +90.1% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,275 | +€49 | +4.0% |
| Total equity and liabilities | 10/49 | €65,444 | €92,412 | +€26,968 | +41.2% |
| Equity | 10/15 | €4,260 | €44,792 | +€40,532 | +951.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,078 | €48,592 | +€34,513 | +245.2% |
| Distributable reserves | 133 | €14,078 | €48,592 | +€34,513 | +245.2% |
| Profit (loss) carried forward | 14 | -€16,018 | -€10,000 | +€6,018 | +37.6% |
| Amounts payable | 17/49 | €61,184 | €47,620 | -€13,564 | -22.2% |
| Amounts payable after more than one year | 17 | €22,610 | €14,709 | -€7,901 | -34.9% |
| Financial debts | 170/4 | €22,610 | €14,709 | -€7,901 | -34.9% |
| Amounts payable within one year | 42/48 | €35,341 | €29,700 | -€5,641 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €7,554 | €7,901 | +€347 | +4.6% |
| Trade debts | 44 | €1,245 | €906 | -€339 | -27.2% |
| Suppliers | 440/4 | €1,245 | €906 | -€339 | -27.2% |
| Taxes, remuneration and social security | 45 | €11,906 | €13,692 | +€1,786 | +15.0% |
| Taxes | 450/3 | €11,906 | €13,692 | +€1,786 | +15.0% |
| Other amounts payable | 47/48 | €14,636 | €7,201 | -€7,435 | -50.8% |
| Accrued charges and deferred income | 492/3 | €3,233 | €3,211 | -€22 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,851 | €5,891 | +€4,039 | +218.2% |
| Other operating charges | 640/8 | €2,504 | €1,544 | -€960 | -38.4% |
| Gross operating margin | 9900 | €14,138 | €59,807 | +€45,670 | +323.0% |
| Operating profit (loss) | 9901 | €9,782 | €52,373 | +€42,591 | +435.4% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €461 | €1,666 | +€1,205 | +261.3% |
| Recurring financial charges | 65 | €461 | €1,666 | +€1,205 | +261.3% |
| Profit (loss) for the period before taxes | 9903 | €9,321 | €50,710 | +€41,389 | +444.0% |
| Income taxes | 67/77 | €888 | €10,178 | +€9,290 | +1046.3% |
| Profit (loss) for the period | 9904 | €8,433 | €40,532 | +€32,099 | +380.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,433 | €40,532 | +€32,099 | +380.6% |
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 8 October 2026 via checked.be.