SBHA: 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.
SBHA
Largest movements
- Cash +€163,941
up €163,941 (+101.8%), from €161,031 to €324,973
mainly Net result for the year (+€164,683) and Tax, wage and social debts (+€6,074)
- Profit (loss) carried forward +€163,850
up €163,850 (+106.3%), from €154,118 to €317,968
- Tax, wage and social debts +€6,074
up €6,074 (+154.2%), from €3,939 to €10,013
- Gross operating margin +€13,819
up €13,819 (+6.9%), from €200,883 to €214,701
- Taxes +€4,713
up €4,713 (+10.2%), from €46,160 to €50,873
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 | €168,202 | €334,318 | +€166,116 | +98.8% |
| Fixed assets | 21/28 | - | €1,892 | +€1,892 | |
| Tangible fixed assets | 22/27 | - | €1,892 | +€1,892 | |
| Furniture and vehicles | 24 | - | €1,892 | +€1,892 | |
| Current assets | 29/58 | €168,202 | €332,426 | +€164,224 | +97.6% |
| Amounts receivable within one year | 40/41 | €1,671 | - | -€1,671 | |
| Trade receivables | 40 | €1,671 | - | -€1,671 | |
| Cash at bank and in hand | 54/58 | €161,031 | €324,973 | +€163,941 | +101.8% |
| Deferred charges and accrued income | 490/1 | €5,499 | €7,454 | +€1,954 | +35.5% |
| Total equity and liabilities | 10/49 | €168,202 | €334,318 | +€166,116 | +98.8% |
| Equity | 10/15 | €154,618 | €318,468 | +€163,850 | +106.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,118 | €317,968 | +€163,850 | +106.3% |
| Amounts payable | 17/49 | €13,584 | €15,850 | +€2,266 | +16.7% |
| Amounts payable within one year | 42/48 | €12,134 | €15,850 | +€3,716 | +30.6% |
| Trade debts | 44 | €4,692 | €4,137 | -€555 | -11.8% |
| Suppliers | 440/4 | €4,692 | €4,137 | -€555 | -11.8% |
| Taxes, remuneration and social security | 45 | €3,939 | €10,013 | +€6,074 | +154.2% |
| Taxes | 450/3 | €3,939 | €10,013 | +€6,074 | +154.2% |
| Other amounts payable | 47/48 | €3,502 | €1,700 | -€1,802 | -51.5% |
| Accrued charges and deferred income | 492/3 | €1,450 | - | -€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €330 | +€330 | |
| Other operating charges | 640/8 | €0 | - | -€0 | |
| Gross operating margin | 9900 | €200,883 | €214,701 | +€13,819 | +6.9% |
| Operating profit (loss) | 9901 | €200,882 | €214,371 | +€13,489 | +6.7% |
| Financial income | 75/76B | €262 | €1,185 | +€923 | +352.4% |
| Recurring financial income | 75 | €262 | €1,185 | +€923 | +352.4% |
| Financial charges | 65/66B | €8 | - | -€8 | |
| Recurring financial charges | 65 | €8 | - | -€8 | |
| Profit (loss) for the period before taxes | 9903 | €201,137 | €215,556 | +€14,419 | +7.2% |
| Income taxes | 67/77 | €46,160 | €50,873 | +€4,713 | +10.2% |
| Profit (loss) for the period | 9904 | €154,977 | €164,683 | +€9,706 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €154,977 | €164,683 | +€9,706 | +6.3% |
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 6 October 2026 via checked.be.