SBJ INVEST: what changed
SBJ INVEST
Largest movements
- Deferred charges and accrued income +€27,877
new in 2025: €27,877
- Cash -€27,201
down €27,201 (-97.3%), from €27,957 to €757
mainly Contributions, distributions and other (-€89,658) and Deferred charges and accrued income (-€27,877)
- Receivables within one year -€7,075
down €7,075 (-79.1%), from €8,947 to €1,872
of which Trade receivables: -€7,230
- Other debts -€12,828
down €12,828 (-9.8%), from €130,486 to €117,658
- Tax, wage and social debts +€6,301
up €6,301 (+444%), from €1,418 to €7,719
- Gross operating margin +€28,545
up €28,545 (+545%), from €5,242 to €33,787
- Financial income +€17,120
up €17,120 (+35.9%), from €47,673 to €64,793
- Taxes +€6,871
up €6,871 (+485%), from €1,418 to €8,288
- Other operating charges +€593
new in 2025: €593
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,904 | €325,505 | -€6,399 | -1.9% |
| Fixed assets | 21/28 | €295,000 | €295,000 | = | 0.0% |
| Financial fixed assets | 28 | €295,000 | €295,000 | = | 0.0% |
| Current assets | 29/58 | €36,904 | €30,505 | -€6,399 | -17.3% |
| Amounts receivable within one year | 40/41 | €8,947 | €1,872 | -€7,075 | -79.1% |
| Trade receivables | 40 | €7,230 | - | -€7,230 | |
| Other amounts receivable | 41 | €1,717 | €1,872 | +€155 | +9.0% |
| Cash at bank and in hand | 54/58 | €27,957 | €757 | -€27,201 | -97.3% |
| Deferred charges and accrued income | 490/1 | - | €27,877 | +€27,877 | |
| Total equity and liabilities | 10/49 | €331,904 | €325,505 | -€6,399 | -1.9% |
| Equity | 10/15 | €200,000 | €200,000 | = | 0.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable | 17/49 | €131,904 | €125,505 | -€6,399 | -4.9% |
| Amounts payable within one year | 42/48 | €131,904 | €125,505 | -€6,399 | -4.9% |
| Trade debts | 44 | - | €128 | +€128 | |
| Suppliers | 440/4 | - | €128 | +€128 | |
| Taxes, remuneration and social security | 45 | €1,418 | €7,719 | +€6,301 | +444% |
| Taxes | 450/3 | €1,418 | €7,719 | +€6,301 | +444% |
| Other amounts payable | 47/48 | €130,486 | €117,658 | -€12,828 | -9.8% |
| Other operating charges | 640/8 | - | €593 | +€593 | |
| Gross operating margin | 9900 | €5,242 | €33,787 | +€28,545 | +545% |
| Operating profit (loss) | 9901 | €5,242 | €33,194 | +€27,952 | +533% |
| Financial income | 75/76B | €47,673 | €64,793 | +€17,120 | +35.9% |
| Recurring financial income | 75 | €47,673 | €64,793 | +€17,120 | +35.9% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €52,875 | €97,946 | +€45,071 | +85.2% |
| Income taxes | 67/77 | €1,418 | €8,288 | +€6,871 | +485% |
| Profit (loss) for the period | 9904 | €51,458 | €89,658 | +€38,200 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,458 | €89,658 | +€38,200 | +74.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.