SBDEGROIDE MANAGEMENT: 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.
SBDEGROIDE MANAGEMENT
Largest movements
- Receivables within one year +€85,000
up €85,000 (+33.4%), from €254,413 to €339,413
- Cash -€39,491
down €39,491 (-44.4%), from €88,951 to €49,460
mainly Receivables within one year (-€85,000) and Debts after one year (-€19,932)
- Tangible fixed assets -€29,411
down €29,411 (-19.9%), from €147,668 to €118,257
of which Land and buildings: -€29,411
- Deferred charges and accrued income +€5,775
up €5,775 (+24.8%), from €23,287 to €29,062
- Profit (loss) carried forward +€41,827
up €41,827 (+11.0%), from €380,131 to €421,958
- Debts after one year -€19,932
down €19,932 (-33.4%), from €59,600 to €39,668
- Gross operating margin +€9,312
up €9,312 (+11.7%), from €79,374 to €88,686
- Taxes +€3,143
up €3,143 (+26.0%), from €12,084 to €15,226
- Depreciation -€2,667
down €2,667 (-8.3%), from €32,077 to €29,411
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 | €514,318 | €536,191 | +€21,873 | +4.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €147,668 | €118,257 | -€29,411 | -19.9% |
| Tangible fixed assets | 22/27 | €147,668 | €118,257 | -€29,411 | -19.9% |
| Land and buildings | 22 | €147,668 | €118,257 | -€29,411 | -19.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €366,651 | €417,934 | +€51,284 | +14.0% |
| Amounts receivable within one year | 40/41 | €254,413 | €339,413 | +€85,000 | +33.4% |
| Other amounts receivable | 41 | €254,413 | €339,413 | +€85,000 | +33.4% |
| Cash at bank and in hand | 54/58 | €88,951 | €49,460 | -€39,491 | -44.4% |
| Deferred charges and accrued income | 490/1 | €23,287 | €29,062 | +€5,775 | +24.8% |
| Total equity and liabilities | 10/49 | €514,318 | €536,191 | +€21,873 | +4.3% |
| Equity | 10/15 | €400,591 | €442,418 | +€41,827 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,131 | €421,958 | +€41,827 | +11.0% |
| Amounts payable | 17/49 | €113,727 | €93,773 | -€19,954 | -17.5% |
| Amounts payable after more than one year | 17 | €59,600 | €39,668 | -€19,932 | -33.4% |
| Financial debts | 170/4 | €59,600 | €39,668 | -€19,932 | -33.4% |
| Amounts payable within one year | 42/48 | €54,127 | €54,105 | -€22 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €19,425 | €19,932 | +€507 | +2.6% |
| Trade debts | 44 | €11,098 | €6,863 | -€4,234 | -38.2% |
| Suppliers | 440/4 | €11,098 | €6,863 | -€4,234 | -38.2% |
| Taxes, remuneration and social security | 45 | €23,604 | €27,310 | +€3,705 | +15.7% |
| Taxes | 450/3 | €23,604 | €27,310 | +€3,705 | +15.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,491 | +€2,491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,077 | €29,411 | -€2,667 | -8.3% |
| Other operating charges | 640/8 | €5,124 | €5,608 | +€484 | +9.5% |
| Gross operating margin | 9900 | €79,374 | €88,686 | +€9,312 | +11.7% |
| Operating profit (loss) | 9901 | €42,173 | €53,667 | +€11,494 | +27.3% |
| Financial income | 75/76B | €5,000 | €5,775 | +€775 | +15.5% |
| Recurring financial income | 75 | €5,000 | €5,775 | +€775 | +15.5% |
| Financial charges | 65/66B | €2,830 | €2,389 | -€441 | -15.6% |
| Recurring financial charges | 65 | €2,830 | €2,389 | -€441 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €44,343 | €57,053 | +€12,710 | +28.7% |
| Income taxes | 67/77 | €12,084 | €15,226 | +€3,143 | +26.0% |
| Profit (loss) for the period | 9904 | €32,260 | €41,827 | +€9,567 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,260 | €41,827 | +€9,567 | +29.7% |
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 19 October 2026 via checked.be.