SBDM: 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.
SBDM
Largest movements
- Receivables within one year -€15,506
down €15,506 (-60.2%), from €25,752 to €10,247
of which Trade receivables: -€25,516
- Current investments +€10,055
new in 2025: €10,055
- Cash +€6,853
up €6,853 (+8.6%), from €79,801 to €86,654
mainly Net result for the year (+€26,923) and Depreciation (+€22,757)
- Reserves +€26,000
up €26,000 (+29.6%), from €87,775 to €113,775
of which Distributable reserves: +€26,000
- Debts after one year -€19,709
down €19,709 (-44.7%), from €44,074 to €24,365
- Tax, wage and social debts -€19,207
down €19,207 (-66.1%), from €29,068 to €9,860
- Other debts +€8,329
up €8,329 (+78.6%), from €10,593 to €18,921
- Gross operating margin -€25,918
down €25,918 (-27.1%), from €95,748 to €69,830
- Taxes -€7,707
down €7,707 (-39.4%), from €19,584 to €11,877
- Other operating charges -€3,744
down €3,744 (-62.6%), from €5,984 to €2,239
- Depreciation +€2,515
up €2,515 (+12.4%), from €20,242 to €22,757
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 | €209,925 | €208,649 | -€1,276 | -0.6% |
| Fixed assets | 21/28 | €93,893 | €93,164 | -€728 | -0.8% |
| Tangible fixed assets | 22/27 | €93,893 | €93,164 | -€728 | -0.8% |
| Plant, machinery and equipment | 23 | €21,731 | €37,820 | +€16,089 | +74.0% |
| Furniture and vehicles | 24 | €2,330 | €2,205 | -€125 | -5.4% |
| Leasing and similar rights | 25 | €69,831 | €53,140 | -€16,692 | -23.9% |
| Current assets | 29/58 | €116,033 | €115,485 | -€548 | -0.5% |
| Amounts receivable within one year | 40/41 | €25,752 | €10,247 | -€15,506 | -60.2% |
| Trade receivables | 40 | €25,516 | - | -€25,516 | |
| Other amounts receivable | 41 | €237 | €10,247 | +€10,010 | +4232.2% |
| Current investments | 50/53 | - | €10,055 | +€10,055 | |
| Cash at bank and in hand | 54/58 | €79,801 | €86,654 | +€6,853 | +8.6% |
| Deferred charges and accrued income | 490/1 | €10,479 | €8,529 | -€1,950 | -18.6% |
| Total equity and liabilities | 10/49 | €209,925 | €208,649 | -€1,276 | -0.6% |
| Equity | 10/15 | €102,171 | €129,094 | +€26,923 | +26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,775 | €113,775 | +€26,000 | +29.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,915 | €111,915 | +€26,000 | +30.3% |
| Profit (loss) carried forward | 14 | €1,996 | €2,919 | +€923 | +46.2% |
| Amounts payable | 17/49 | €107,754 | €79,555 | -€28,199 | -26.2% |
| Amounts payable after more than one year | 17 | €44,074 | €24,365 | -€19,709 | -44.7% |
| Financial debts | 170/4 | €44,074 | €24,365 | -€19,709 | -44.7% |
| Amounts payable within one year | 42/48 | €63,680 | €55,190 | -€8,491 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €18,683 | €19,709 | +€1,026 | +5.5% |
| Trade debts | 44 | €5,337 | €6,699 | +€1,362 | +25.5% |
| Suppliers | 440/4 | €5,337 | €6,699 | +€1,362 | +25.5% |
| Taxes, remuneration and social security | 45 | €29,068 | €9,860 | -€19,207 | -66.1% |
| Taxes | 450/3 | €29,068 | €9,860 | -€19,207 | -66.1% |
| Other amounts payable | 47/48 | €10,593 | €18,921 | +€8,329 | +78.6% |
| Non-recurring operating income | 76A | €24,723 | €130 | -€24,592 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,242 | €22,757 | +€2,515 | +12.4% |
| Other operating charges | 640/8 | €5,984 | €2,239 | -€3,744 | -62.6% |
| Non-recurring operating charges | 66A | €310 | €1,241 | +€931 | +300.1% |
| Gross operating margin | 9900 | €95,748 | €69,830 | -€25,918 | -27.1% |
| Operating profit (loss) | 9901 | €69,212 | €43,593 | -€25,619 | -37.0% |
| Financial income | 75/76B | €372 | €57 | -€315 | -84.8% |
| Recurring financial income | 75 | €372 | €57 | -€315 | -84.8% |
| Non-recurring financial income | 76B | €372 | - | -€372 | |
| Financial charges | 65/66B | €5,108 | €4,850 | -€259 | -5.1% |
| Recurring financial charges | 65 | €5,072 | €4,850 | -€222 | -4.4% |
| Non-recurring financial charges | 66B | €37 | - | -€37 | |
| Profit (loss) for the period before taxes | 9903 | €64,476 | €38,800 | -€25,676 | -39.8% |
| Income taxes | 67/77 | €19,584 | €11,877 | -€7,707 | -39.4% |
| Profit (loss) for the period | 9904 | €44,891 | €26,923 | -€17,968 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,891 | €26,923 | -€17,968 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.