SBD Consultancy: 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.
SBD Consultancy
Largest movements
- Cash -€67,293
down €67,293 (-53.7%), from €125,201 to €57,909
mainly Receivables within one year (-€54,084) and Investment in fixed assets (net) (-€16,441)
- Receivables within one year +€54,084
up €54,084 (+51.8%), from €104,359 to €158,443
of which Other amounts receivable: +€27,892
- Other debts -€12,490
no longer reported in 2025 (was €12,490)
- Tax, wage and social debts +€6,889
up €6,889 (+76.4%), from €9,023 to €15,912
- Debts after one year -€6,291
down €6,291 (-13.4%), from €47,112 to €40,821
- Reserves -€5,500
down €5,500 (-5.4%), from €101,860 to €96,360
- Current portion of long-term debt +€4,520
up €4,520 (+27.1%), from €16,709 to €21,229
- Financial income +€3,059
up €3,059 (+8.1%), from €37,625 to €40,685
- Gross operating margin -€1,448
down €1,448 (-47.7%), from -€3,038 to -€4,486
- Other operating charges +€1,323
up €1,323 (+61.4%), from €2,156 to €3,479
- Financial charges -€1,067
down €1,067 (-17.8%), from €5,993 to €4,926
- Depreciation -€523
down €523 (-3.1%), from €17,063 to €16,540
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 | €273,246 | €259,939 | -€13,308 | -4.9% |
| Fixed assets | 21/28 | €43,686 | €43,587 | -€99 | -0.2% |
| Tangible fixed assets | 22/27 | €43,686 | €43,587 | -€99 | -0.2% |
| Furniture and vehicles | 24 | €43,686 | €43,587 | -€99 | -0.2% |
| Current assets | 29/58 | €229,560 | €216,352 | -€13,209 | -5.8% |
| Amounts receivable within one year | 40/41 | €104,359 | €158,443 | +€54,084 | +51.8% |
| Trade receivables | 40 | €7,555 | €33,746 | +€26,192 | +346.7% |
| Other amounts receivable | 41 | €96,804 | €124,697 | +€27,892 | +28.8% |
| Cash at bank and in hand | 54/58 | €125,201 | €57,909 | -€67,293 | -53.7% |
| Total equity and liabilities | 10/49 | €273,246 | €259,939 | -€13,308 | -4.9% |
| Equity | 10/15 | €166,315 | €161,791 | -€4,524 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €96,360 | -€5,500 | -5.4% |
| Distributable reserves | 133 | €101,860 | €96,360 | -€5,500 | -5.4% |
| Profit (loss) carried forward | 14 | €45,855 | €46,831 | +€976 | +2.1% |
| Amounts payable | 17/49 | €106,931 | €98,148 | -€8,784 | -8.2% |
| Amounts payable after more than one year | 17 | €47,112 | €40,821 | -€6,291 | -13.4% |
| Financial debts | 170/4 | €47,112 | €40,821 | -€6,291 | -13.4% |
| Amounts payable within one year | 42/48 | €59,819 | €57,326 | -€2,493 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,709 | €21,229 | +€4,520 | +27.1% |
| Trade debts | 44 | €21,598 | €20,186 | -€1,412 | -6.5% |
| Suppliers | 440/4 | €21,598 | €20,186 | -€1,412 | -6.5% |
| Taxes, remuneration and social security | 45 | €9,023 | €15,912 | +€6,889 | +76.4% |
| Taxes | 450/3 | €9,023 | €15,912 | +€6,889 | +76.4% |
| Other amounts payable | 47/48 | €12,490 | - | -€12,490 | |
| Non-recurring operating income | 76A | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,063 | €16,540 | -€523 | -3.1% |
| Other operating charges | 640/8 | €2,156 | €3,479 | +€1,323 | +61.4% |
| Non-recurring operating charges | 66A | - | €856 | +€856 | |
| Gross operating margin | 9900 | -€3,038 | -€4,486 | -€1,448 | -47.7% |
| Operating profit (loss) | 9901 | -€22,256 | -€25,361 | -€3,105 | -13.9% |
| Financial income | 75/76B | €37,625 | €40,685 | +€3,059 | +8.1% |
| Recurring financial income | 75 | €37,625 | €40,685 | +€3,059 | +8.1% |
| Financial charges | 65/66B | €5,993 | €4,926 | -€1,067 | -17.8% |
| Recurring financial charges | 65 | €5,993 | €4,926 | -€1,067 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €9,376 | €10,398 | +€1,022 | +10.9% |
| Income taxes | 67/77 | €3,761 | €3,922 | +€161 | +4.3% |
| Profit (loss) for the period | 9904 | €5,616 | €6,476 | +€860 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,616 | €6,476 | +€860 | +15.3% |
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 7 October 2026 via checked.be.