SBELGIUM: 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.
SBELGIUM
Largest movements
- Cash +€9,857
up €9,857 (+130.5%), from €7,554 to €17,411
mainly Net result for the year (+€12,385) and Receivables within one year (+€4,851)
- Receivables within one year -€4,851
down €4,851 (-77.6%), from €6,249 to €1,398
of which Other amounts receivable: -€4,501
- Deferred charges and accrued income -€251
down €251 (-88.2%), from €284 to €33
- Profit (loss) carried forward +€12,385
up €12,385 (+1083.4%), from €1,143 to €13,528
- Tax, wage and social debts -€5,704
down €5,704 (-61.2%), from €9,323 to €3,619
of which Remuneration and social security: -€5,764
- Other debts -€1,800
no longer reported in 2025 (was €1,800)
- Staff costs -€14,094
down €14,094 (-87.6%), from €16,087 to €1,993
- Gross operating margin -€5,084
down €5,084 (-25.3%), from €20,125 to €15,040
- Taxes +€481
up €481 (+604.0%), from €80 to €561
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 | €14,498 | €19,194 | +€4,695 | +32.4% |
| Current assets | 29/58 | €14,498 | €19,194 | +€4,695 | +32.4% |
| Stocks and contracts in progress | 3 | €411 | €351 | -€59 | -14.5% |
| Stocks | 30/36 | €411 | €351 | -€59 | -14.5% |
| Amounts receivable within one year | 40/41 | €6,249 | €1,398 | -€4,851 | -77.6% |
| Trade receivables | 40 | €350 | - | -€350 | |
| Other amounts receivable | 41 | €5,900 | €1,398 | -€4,501 | -76.3% |
| Cash at bank and in hand | 54/58 | €7,554 | €17,411 | +€9,857 | +130.5% |
| Deferred charges and accrued income | 490/1 | €284 | €33 | -€251 | -88.2% |
| Total equity and liabilities | 10/49 | €14,498 | €19,194 | +€4,695 | +32.4% |
| Equity | 10/15 | €3,143 | €15,528 | +€12,385 | +394.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,143 | €13,528 | +€12,385 | +1083.4% |
| Amounts payable | 17/49 | €11,355 | €3,666 | -€7,689 | -67.7% |
| Amounts payable within one year | 42/48 | €11,355 | €3,666 | -€7,689 | -67.7% |
| Trade debts | 44 | €232 | €47 | -€185 | -79.9% |
| Suppliers | 440/4 | €232 | €47 | -€185 | -79.9% |
| Taxes, remuneration and social security | 45 | €9,323 | €3,619 | -€5,704 | -61.2% |
| Taxes | 450/3 | €3,559 | €3,619 | +€60 | +1.7% |
| Remuneration and social security | 454/9 | €5,764 | - | -€5,764 | |
| Other amounts payable | 47/48 | €1,800 | - | -€1,800 | |
| Remuneration, social security and pensions | 62 | €16,087 | €1,993 | -€14,094 | -87.6% |
| Gross operating margin | 9900 | €20,125 | €15,040 | -€5,084 | -25.3% |
| Operating profit (loss) | 9901 | €4,038 | €13,047 | +€9,010 | +223.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €112 | €102 | -€10 | -9.2% |
| Recurring financial charges | 65 | €112 | €102 | -€10 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €3,925 | €12,945 | +€9,020 | +229.8% |
| Income taxes | 67/77 | €80 | €561 | +€481 | +604.0% |
| Profit (loss) for the period | 9904 | €3,846 | €12,385 | +€8,539 | +222.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,846 | €12,385 | +€8,539 | +222.0% |
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.