SBERGIO: what changed
SBERGIO
Largest movements
- Current investments -€150,000
down €150,000 (-28.6%), from €525,000 to €375,000
- Receivables within one year -€9,247
down €9,247 (-25.9%), from €35,707 to €26,461
of which Trade receivables: -€14,763
- Cash -€6,571
down €6,571 (-12.2%), from €54,031 to €47,460
mainly Contributions, distributions and other (-€573,807) and Investment in fixed assets (net) (-€2,776)
- Reserves -€480,727
down €480,727 (-100%), from €480,727 to €0
- Other debts +€299,049
up €299,049 (+242%), from €123,725 to €422,773
- Accrued charges and deferred income +€8,807
up €8,807 (+182%), from €4,838 to €13,645
- Gross operating margin -€46,033
down €46,033 (-25.2%), from €182,578 to €136,545
- Taxes -€15,678
down €15,678 (-36.7%), from €42,777 to €27,099
- Financial charges +€7,307
up €7,307 (+166%), from €4,402 to €11,709
- Financial income -€4,934
down €4,934 (-39.7%), from €12,437 to €7,503
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,107 | €455,522 | -€168,586 | -27.0% |
| Fixed assets | 21/28 | €9,147 | €6,427 | -€2,719 | -29.7% |
| Tangible fixed assets | 22/27 | €9,147 | €6,427 | -€2,719 | -29.7% |
| Plant, machinery and equipment | 23 | €1,623 | €2,254 | +€631 | +38.9% |
| Furniture and vehicles | 24 | €7,524 | €4,173 | -€3,351 | -44.5% |
| Current assets | 29/58 | €614,960 | €449,094 | -€165,866 | -27.0% |
| Amounts receivable within one year | 40/41 | €35,707 | €26,461 | -€9,247 | -25.9% |
| Trade receivables | 40 | €32,784 | €18,021 | -€14,763 | -45.0% |
| Other amounts receivable | 41 | €2,923 | €8,439 | +€5,516 | +189% |
| Current investments | 50/53 | €525,000 | €375,000 | -€150,000 | -28.6% |
| Cash at bank and in hand | 54/58 | €54,031 | €47,460 | -€6,571 | -12.2% |
| Deferred charges and accrued income | 490/1 | €222 | €173 | -€49 | -21.9% |
| Total equity and liabilities | 10/49 | €624,107 | €455,522 | -€168,586 | -27.0% |
| Equity | 10/15 | €493,127 | €18,600 | -€474,527 | -96.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €480,727 | €0 | -€480,727 | -100% |
| Distributable reserves | 133 | €480,727 | €0 | -€480,727 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €130,980 | €436,922 | +€305,942 | +234% |
| Amounts payable within one year | 42/48 | €126,142 | €423,277 | +€297,135 | +236% |
| Financial debts | 43 | €1,995 | €31 | -€1,965 | -98.5% |
| Credit institutions | 430/8 | €1,995 | €31 | -€1,965 | -98.5% |
| Trade debts | 44 | €421 | €473 | +€51 | +12.1% |
| Suppliers | 440/4 | €421 | €473 | +€51 | +12.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €123,725 | €422,773 | +€299,049 | +242% |
| Accrued charges and deferred income | 492/3 | €4,838 | €13,645 | +€8,807 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,440 | €5,495 | +€55 | +1.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €182,578 | €136,545 | -€46,033 | -25.2% |
| Operating profit (loss) | 9901 | €176,688 | €130,585 | -€46,103 | -26.1% |
| Financial income | 75/76B | €12,437 | €7,503 | -€4,934 | -39.7% |
| Recurring financial income | 75 | €12,437 | €7,503 | -€4,934 | -39.7% |
| Financial charges | 65/66B | €4,402 | €11,709 | +€7,307 | +166% |
| Recurring financial charges | 65 | €4,402 | €11,709 | +€7,307 | +166% |
| Profit (loss) for the period before taxes | 9903 | €184,723 | €126,378 | -€58,344 | -31.6% |
| Income taxes | 67/77 | €42,777 | €27,099 | -€15,678 | -36.7% |
| Profit (loss) for the period | 9904 | €141,946 | €99,279 | -€42,667 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €141,946 | €99,279 | -€42,667 | -30.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.