SBesnard-Corblet: 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.
SBesnard-Corblet
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash +€47,920
up €47,920 (+4.8%), from €996,015 to €1.0m
mainly Net result for the year (+€863,886) and Tax, wage and social debts (+€209,337)
- Reserves +€617,000
up €617,000 (+102.8%), from €600,000 to €1.2m
- Profit (loss) carried forward +€246,886
up €246,886 (+41.3%), from €597,241 to €844,127
- Tax, wage and social debts +€209,337
up €209,337 (+43.0%), from €486,547 to €695,884
- Gross operating margin +€107,499
up €107,499 (+9.7%), from €1.1m to €1.2m
- Taxes +€50,858
up €50,858 (+16.2%), from €314,306 to €365,164
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 | €1,692,601 | €2,764,238 | +€1.1m | +63.3% |
| Fixed assets | 21/28 | €731 | €199 | -€532 | -72.7% |
| Tangible fixed assets | 22/27 | €731 | €199 | -€532 | -72.7% |
| Furniture and vehicles | 24 | €731 | €199 | -€532 | -72.7% |
| Current assets | 29/58 | €1,691,870 | €2,764,039 | +€1.1m | +63.4% |
| Amounts receivable after more than one year | 29 | €692,845 | €717,094 | +€24,250 | +3.5% |
| Other amounts receivable | 291 | €692,845 | €717,094 | +€24,250 | +3.5% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €996,015 | €1,043,935 | +€47,920 | +4.8% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,010 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,692,601 | €2,764,238 | +€1.1m | +63.3% |
| Equity | 10/15 | €1,200,241 | €2,064,127 | +€863,886 | +72.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €600,000 | €1,217,000 | +€617,000 | +102.8% |
| Distributable reserves | 133 | €600,000 | €1,217,000 | +€617,000 | +102.8% |
| Profit (loss) carried forward | 14 | €597,241 | €844,127 | +€246,886 | +41.3% |
| Amounts payable | 17/49 | €492,360 | €700,112 | +€207,752 | +42.2% |
| Amounts payable within one year | 42/48 | €492,360 | €700,112 | +€207,752 | +42.2% |
| Trade debts | 44 | €2,762 | €2,828 | +€65 | +2.4% |
| Suppliers | 440/4 | €2,762 | €2,828 | +€65 | +2.4% |
| Taxes, remuneration and social security | 45 | €486,547 | €695,884 | +€209,337 | +43.0% |
| Taxes | 450/3 | €486,547 | €695,884 | +€209,337 | +43.0% |
| Other amounts payable | 47/48 | €3,050 | €1,400 | -€1,650 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €532 | = | 0.0% |
| Other operating charges | 640/8 | €117 | €193 | +€76 | +64.8% |
| Gross operating margin | 9900 | €1,113,096 | €1,220,595 | +€107,499 | +9.7% |
| Operating profit (loss) | 9901 | €1,112,448 | €1,219,871 | +€107,423 | +9.7% |
| Financial income | 75/76B | €3 | €9,460 | +€9,457 | +315242.3% |
| Recurring financial income | 75 | €3 | €9,460 | +€9,457 | +315242.3% |
| Financial charges | 65/66B | €142 | €281 | +€139 | +97.3% |
| Recurring financial charges | 65 | €142 | €281 | +€139 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €1,112,308 | €1,229,050 | +€116,742 | +10.5% |
| Income taxes | 67/77 | €314,306 | €365,164 | +€50,858 | +16.2% |
| Profit (loss) for the period | 9904 | €798,002 | €863,886 | +€65,884 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €798,002 | €863,886 | +€65,884 | +8.3% |
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 3 October 2026 via checked.be.