SBInsight: 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.
SBInsight
Largest movements
- Cash +€71,300
up €71,300 (+17.0%), from €418,241 to €489,541
mainly Net result for the year (+€155,695) and Tax, wage and social debts (+€5,012)
- Reserves +€96,000
up €96,000 (+20.5%), from €468,860 to €564,860
of which Distributable reserves: +€96,000
- Other debts -€20,736
down €20,736 (-23.4%), from €88,637 to €67,901
- Trade debts -€7,296
down €7,296 (-44.9%), from €16,234 to €8,938
- Gross operating margin +€27,110
up €27,110 (+14.0%), from €193,458 to €220,568
- Taxes +€8,467
up €8,467 (+14.3%), from €59,040 to €67,507
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 | €635,848 | €709,521 | +€73,673 | +11.6% |
| Fixed assets | 21/28 | €4,705 | €3,665 | -€1,040 | -22.1% |
| Tangible fixed assets | 22/27 | €4,705 | €3,665 | -€1,040 | -22.1% |
| Plant, machinery and equipment | 23 | €1,499 | €1,195 | -€304 | -20.3% |
| Furniture and vehicles | 24 | €3,206 | €2,471 | -€736 | -22.9% |
| Current assets | 29/58 | €631,144 | €705,856 | +€74,712 | +11.8% |
| Amounts receivable within one year | 40/41 | €20,280 | €21,739 | +€1,459 | +7.2% |
| Trade receivables | 40 | €20,167 | €21,667 | +€1,500 | +7.4% |
| Other amounts receivable | 41 | €114 | €72 | -€41 | -36.3% |
| Current investments | 50/53 | €191,923 | €194,116 | +€2,194 | +1.1% |
| Cash at bank and in hand | 54/58 | €418,241 | €489,541 | +€71,300 | +17.0% |
| Deferred charges and accrued income | 490/1 | €700 | €460 | -€240 | -34.3% |
| Total equity and liabilities | 10/49 | €635,848 | €709,521 | +€73,673 | +11.6% |
| Equity | 10/15 | €507,497 | €604,192 | +€96,695 | +19.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €468,860 | €564,860 | +€96,000 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €467,000 | €563,000 | +€96,000 | +20.6% |
| Profit (loss) carried forward | 14 | €32,437 | €33,132 | +€695 | +2.1% |
| Amounts payable | 17/49 | €128,352 | €105,329 | -€23,022 | -17.9% |
| Amounts payable within one year | 42/48 | €128,329 | €105,309 | -€23,020 | -17.9% |
| Trade debts | 44 | €16,234 | €8,938 | -€7,296 | -44.9% |
| Suppliers | 440/4 | €16,234 | €8,938 | -€7,296 | -44.9% |
| Taxes, remuneration and social security | 45 | €23,458 | €28,470 | +€5,012 | +21.4% |
| Taxes | 450/3 | €23,458 | €28,470 | +€5,012 | +21.4% |
| Other amounts payable | 47/48 | €88,637 | €67,901 | -€20,736 | -23.4% |
| Accrued charges and deferred income | 492/3 | €23 | €20 | -€3 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €1,040 | +€387 | +59.3% |
| Other operating charges | 640/8 | €685 | €727 | +€42 | +6.2% |
| Gross operating margin | 9900 | €193,458 | €220,568 | +€27,110 | +14.0% |
| Operating profit (loss) | 9901 | €192,120 | €218,801 | +€26,681 | +13.9% |
| Financial income | 75/76B | €5,133 | €4,700 | -€433 | -8.4% |
| Recurring financial income | 75 | €5,133 | €4,700 | -€433 | -8.4% |
| Financial charges | 65/66B | €231 | €299 | +€68 | +29.4% |
| Recurring financial charges | 65 | €231 | €299 | +€68 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €197,021 | €223,202 | +€26,180 | +13.3% |
| Income taxes | 67/77 | €59,040 | €67,507 | +€8,467 | +14.3% |
| Profit (loss) for the period | 9904 | €137,982 | €155,695 | +€17,713 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,982 | €155,695 | +€17,713 | +12.8% |
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 2 October 2026 via checked.be.