SBE: 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.
SBE
Largest movements
- Receivables within one year +€22,786
up €22,786 (+130.1%), from €17,516 to €40,302
of which Trade receivables: +€23,072
- Cash -€18,798
down €18,798 (-78.7%), from €23,884 to €5,086
mainly Receivables within one year (-€22,786) and Tax, wage and social debts (-€4,651)
- Tangible fixed assets -€12,557
down €12,557 (-32.5%), from €38,615 to €26,058
of which Furniture and vehicles: -€10,347
- Tax, wage and social debts -€4,651
down €4,651 (-88.0%), from €5,283 to €632
- Profit (loss) carried forward -€4,625
down €4,625 (-5.7%), from -€81,726 to -€86,351
- Current portion of long-term debt -€3,278
down €3,278 (-100.0%), from €3,278 to €0
- Trade debts +€2,517
up €2,517 (+62.9%), from €4,003 to €6,520
- Other debts +€2,088
up €2,088 (+54.0%), from €3,865 to €5,952
- Gross operating margin +€6,374
up €6,374 (+191.9%), from €3,321 to €9,695
- Depreciation -€616
down €616 (-4.7%), from €13,173 to €12,557
- Financial charges -€202
down €202 (-63.0%), from €321 to €119
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 | €84,634 | €76,190 | -€8,444 | -10.0% |
| Fixed assets | 21/28 | €41,765 | €29,208 | -€12,557 | -30.1% |
| Tangible fixed assets | 22/27 | €38,615 | €26,058 | -€12,557 | -32.5% |
| Land and buildings | 22 | €21,320 | €19,110 | -€2,210 | -10.4% |
| Furniture and vehicles | 24 | €17,295 | €6,948 | -€10,347 | -59.8% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €42,869 | €46,982 | +€4,113 | +9.6% |
| Amounts receivable within one year | 40/41 | €17,516 | €40,302 | +€22,786 | +130.1% |
| Trade receivables | 40 | €0 | €23,072 | +€23,072 | |
| Other amounts receivable | 41 | €17,516 | €17,231 | -€286 | -1.6% |
| Cash at bank and in hand | 54/58 | €23,884 | €5,086 | -€18,798 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,594 | +€125 | +8.5% |
| Total equity and liabilities | 10/49 | €84,634 | €76,190 | -€8,444 | -10.0% |
| Equity | 10/15 | €36,847 | €32,222 | -€4,625 | -12.6% |
| Contributions | 10/11 | €80,573 | €80,573 | = | 0.0% |
| Capital | 10 | €80,573 | €80,573 | = | 0.0% |
| Issued capital | 100 | €80,573 | €80,573 | = | 0.0% |
| Reserves | 13 | €38,000 | €38,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €31,800 | €31,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,726 | -€86,351 | -€4,625 | -5.7% |
| Amounts payable | 17/49 | €47,787 | €43,968 | -€3,819 | -8.0% |
| Amounts payable after more than one year | 17 | €29,000 | €29,000 | = | 0.0% |
| Financial debts | 170/4 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,318 | €13,473 | -€3,845 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,278 | €0 | -€3,278 | -100.0% |
| Financial debts | 43 | €889 | €369 | -€520 | -58.5% |
| Credit institutions | 430/8 | €889 | €0 | -€889 | -100.0% |
| Other loans | 439 | - | €369 | +€369 | |
| Trade debts | 44 | €4,003 | €6,520 | +€2,517 | +62.9% |
| Suppliers | 440/4 | €4,003 | €6,520 | +€2,517 | +62.9% |
| Taxes, remuneration and social security | 45 | €5,283 | €632 | -€4,651 | -88.0% |
| Taxes | 450/3 | €5,283 | €632 | -€4,651 | -88.0% |
| Other amounts payable | 47/48 | €3,865 | €5,952 | +€2,088 | +54.0% |
| Accrued charges and deferred income | 492/3 | €1,469 | €1,495 | +€25 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,173 | €12,557 | -€616 | -4.7% |
| Other operating charges | 640/8 | €1,288 | €1,281 | -€7 | -0.6% |
| Gross operating margin | 9900 | €3,321 | €9,695 | +€6,374 | +191.9% |
| Operating profit (loss) | 9901 | -€11,140 | -€4,143 | +€6,997 | +62.8% |
| Financial income | 75/76B | €6 | €70 | +€65 | +1149.9% |
| Recurring financial income | 75 | €6 | €70 | +€65 | +1149.9% |
| Financial charges | 65/66B | €321 | €119 | -€202 | -63.0% |
| Recurring financial charges | 65 | €321 | €119 | -€202 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,455 | -€4,192 | +€7,264 | +63.4% |
| Income taxes | 67/77 | €483 | €433 | -€50 | -10.3% |
| Profit (loss) for the period | 9904 | -€11,938 | -€4,625 | +€7,313 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,938 | -€4,625 | +€7,313 | +61.3% |
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 4 October 2026 via checked.be.