SBENDOC: 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.
SBENDOC
Largest movements
- Cash +€47,972
up €47,972 (+1,570%), from €3,056 to €51,029
mainly Net result for the year (+€33,616) and Accrued charges and deferred income (+€26,628)
- Deferred charges and accrued income +€30,538
new in 2025: €30,538
- Formation expenses -€3,782
down €3,782 (-100%), from €3,782 to €0
- Tangible fixed assets +€2,809
new in 2025: €2,809
- Reserves +€31,738
new in 2025: €31,738
- Accrued charges and deferred income +€26,628
up €26,628 (+1,009%), from €2,638 to €29,266
- Tax, wage and social debts +€12,786
new in 2025: €12,786
- Other debts +€2,852
up €2,852 (+274%), from €1,042 to €3,894
- Profit (loss) carried forward +€1,878
up €1,878, from -€1,878 to €0
- Gross operating margin +€48,666
up €48,666, from -€1,635 to €47,031
- Taxes +€9,301
new in 2025: €9,301
- Depreciation +€3,627
up €3,627 (+1,518%), from €239 to €3,866
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 | €6,838 | €84,376 | +€77,537 | +1,134% |
| Formation expenses | 20 | €3,782 | €0 | -€3,782 | -100% |
| Fixed assets | 21/28 | - | €2,809 | +€2,809 | |
| Tangible fixed assets | 22/27 | - | €2,809 | +€2,809 | |
| Plant, machinery and equipment | 23 | - | €2,809 | +€2,809 | |
| Current assets | 29/58 | €3,056 | €81,567 | +€78,510 | +2,569% |
| Cash at bank and in hand | 54/58 | €3,056 | €51,029 | +€47,972 | +1,570% |
| Deferred charges and accrued income | 490/1 | - | €30,538 | +€30,538 | |
| Total equity and liabilities | 10/49 | €6,838 | €84,376 | +€77,537 | +1,134% |
| Equity | 10/15 | €3,123 | €36,738 | +€33,616 | +1,077% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €31,738 | +€31,738 | |
| Distributable reserves | 133 | - | €31,738 | +€31,738 | |
| Profit (loss) carried forward | 14 | -€1,878 | €0 | +€1,878 | |
| Amounts payable | 17/49 | €3,716 | €47,637 | +€43,921 | +1,182% |
| Amounts payable within one year | 42/48 | €1,078 | €18,371 | +€17,293 | +1,604% |
| Trade debts | 44 | €36 | €1,692 | +€1,656 | +4,561% |
| Suppliers | 440/4 | €36 | €1,692 | +€1,656 | +4,561% |
| Taxes, remuneration and social security | 45 | - | €12,786 | +€12,786 | |
| Taxes | 450/3 | - | €12,786 | +€12,786 | |
| Other amounts payable | 47/48 | €1,042 | €3,894 | +€2,852 | +274% |
| Accrued charges and deferred income | 492/3 | €2,638 | €29,266 | +€26,628 | +1,009% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €3,866 | +€3,627 | +1,518% |
| Other operating charges | 640/8 | - | €202 | +€202 | |
| Gross operating margin | 9900 | -€1,635 | €47,031 | +€48,666 | |
| Operating profit (loss) | 9901 | -€1,874 | €42,962 | +€44,836 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4 | €46 | +€42 | +1,114% |
| Recurring financial charges | 65 | €4 | €46 | +€42 | +1,114% |
| Profit (loss) for the period before taxes | 9903 | -€1,878 | €42,917 | +€44,794 | |
| Income taxes | 67/77 | - | €9,301 | +€9,301 | |
| Profit (loss) for the period | 9904 | -€1,878 | €33,616 | +€35,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,878 | €33,616 | +€35,493 |
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.