SBDJ: 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.
SBDJ
Largest movements
- Tangible fixed assets +€94,485
up €94,485 (+28.7%), from €329,258 to €423,743
- Deferred charges and accrued income -€24,064
down €24,064 (-92.0%), from €26,143 to €2,079
- Cash +€5,624
up €5,624 (+5.9%), from €94,694 to €100,319
mainly Other debts (+€107,024) and Net result for the year (+€50,970)
- Other debts +€107,024
new in 2025: €107,024
- Reserves -€67,657
down €67,657 (-19.5%), from €347,508 to €279,851
of which Distributable reserves: -€67,657
- Tax, wage and social debts +€29,024
up €29,024 (+373.2%), from €7,777 to €36,801
- Profit (loss) carried forward +€5,970
up €5,970 (+7.4%), from €81,007 to €86,977
- Gross operating margin +€18,296
up €18,296 (+20.7%), from €88,436 to €106,732
- Taxes +€10,038
up €10,038 (+157.1%), from €6,389 to €16,427
- Depreciation -€3,179
down €3,179 (-8.9%), from €35,544 to €32,365
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 | €451,079 | €526,672 | +€75,593 | +16.8% |
| Fixed assets | 21/28 | €329,258 | €423,743 | +€94,485 | +28.7% |
| Tangible fixed assets | 22/27 | €329,258 | €423,743 | +€94,485 | +28.7% |
| Land and buildings | 22 | €329,258 | €423,743 | +€94,485 | +28.7% |
| Current assets | 29/58 | €121,821 | €102,929 | -€18,892 | -15.5% |
| Amounts receivable within one year | 40/41 | €983 | €531 | -€452 | -46.0% |
| Trade receivables | 40 | €983 | €531 | -€452 | -46.0% |
| Cash at bank and in hand | 54/58 | €94,694 | €100,319 | +€5,624 | +5.9% |
| Deferred charges and accrued income | 490/1 | €26,143 | €2,079 | -€24,064 | -92.0% |
| Total equity and liabilities | 10/49 | €451,079 | €526,672 | +€75,593 | +16.8% |
| Equity | 10/15 | €442,270 | €380,583 | -€61,687 | -13.9% |
| Contributions | 10/11 | €13,754 | €13,754 | = | 0.0% |
| Reserves | 13 | €347,508 | €279,851 | -€67,657 | -19.5% |
| Non-distributable reserves | 130/1 | €1,375 | €1,375 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,375 | €1,375 | = | 0.0% |
| Distributable reserves | 133 | €346,133 | €278,476 | -€67,657 | -19.5% |
| Profit (loss) carried forward | 14 | €81,007 | €86,977 | +€5,970 | +7.4% |
| Amounts payable | 17/49 | €8,809 | €146,089 | +€137,280 | +1558.3% |
| Amounts payable within one year | 42/48 | €8,809 | €144,997 | +€136,187 | +1545.9% |
| Trade debts | 44 | €1,033 | €1,172 | +€140 | +13.5% |
| Suppliers | 440/4 | €1,033 | €1,172 | +€140 | +13.5% |
| Taxes, remuneration and social security | 45 | €7,777 | €36,801 | +€29,024 | +373.2% |
| Taxes | 450/3 | €7,777 | €36,801 | +€29,024 | +373.2% |
| Other amounts payable | 47/48 | - | €107,024 | +€107,024 | |
| Accrued charges and deferred income | 492/3 | - | €1,092 | +€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,544 | €32,365 | -€3,179 | -8.9% |
| Other operating charges | 640/8 | €6,659 | €6,803 | +€144 | +2.2% |
| Gross operating margin | 9900 | €88,436 | €106,732 | +€18,296 | +20.7% |
| Operating profit (loss) | 9901 | €46,233 | €67,565 | +€21,332 | +46.1% |
| Financial charges | 65/66B | €273 | €168 | -€105 | -38.5% |
| Recurring financial charges | 65 | €273 | €168 | -€105 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €45,960 | €67,397 | +€21,437 | +46.6% |
| Income taxes | 67/77 | €6,389 | €16,427 | +€10,038 | +157.1% |
| Profit (loss) for the period | 9904 | €39,571 | €50,970 | +€11,399 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,571 | €50,970 | +€11,399 | +28.8% |
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 1 October 2026 via checked.be.