SBL: 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.
What changed
SBL
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€208,278
2024 · €180,942+€27,336
Equity
€4.0m
2024 · €3.8m+€208,278
Cash
€301,390
2024 · €1.8m-€1.5m
Balance sheet total
€5.9m
2024 · €7.3m-€1.5m
Largest movements
Assets
- Cash -€1.5m
down €1.5m (-83.6%), from €1.8m to €301,390
mainly Other debts (-€1.5m) and Current investments (-€1.5m)
- Current investments +€1.5m
new in 2025: €1.5m
- Receivables within one year -€1.3m
down €1.3m (-49.8%), from €2.6m to €1.3m
of which Trade receivables: -€1.4m
- Tangible fixed assets -€404,562
down €404,562 (-16.4%), from €2.5m to €2.1m
of which Furniture and vehicles: -€203,271
- Intangible fixed assets +€240,960
new in 2025: €240,960
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-98.1%), from €1.6m to €30,066
- Profit (loss) carried forward +€208,278
up €208,278 (+5.6%), from €3.7m to €3.9m
- Tax, wage and social debts -€156,577
down €156,577 (-32.8%), from €477,162 to €320,585
of which Taxes: -€136,964
Income statement
- Services and other goods -€188,838
down €188,838 (-2.9%), from €6.6m to €6.4m
- Other operating income -€131,236
down €131,236 (-26.7%), from €491,252 to €360,016
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.
Result 2024
€180,942
Turnover
+€96,404
Other operating income
-€131,236
Goods and materials
-€23,547
Services and other goods
+€188,838
Staff costs
-€67,271
Depreciation
-€42,858
Other operating charges
+€26,083
Financial income
+€10,753
Financial charges
-€31,663
Taxes
+€1,834
Result 2025
€208,278
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.
From operations
+€172,978
Investment
-€1.7m
Financing
€0
Cash 2024
€1.8m
From operations (derived)
+€172,978
Net result for the year
+€208,278
Depreciation
+€376,386
Stocks and contracts
+€32,880
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€95,499
Trade debts
+€29,787
Tax, wage and social debts
-€156,577
Other debts
-€1.5m
Accrued charges and deferred income
-€2,602
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€212,784
Current investments
-€1.5m
Cash 2025
€301,390
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,339,424 | €5,880,632 | -€1.5m | -19.9% |
| Fixed assets | 21/28 | €2,678,982 | €2,515,380 | -€163,602 | -6.1% |
| Intangible fixed assets | 21 | - | €240,960 | +€240,960 | |
| Tangible fixed assets | 22/27 | €2,463,780 | €2,059,218 | -€404,562 | -16.4% |
| Plant, machinery and equipment | 23 | €2,098,897 | €1,932,107 | -€166,790 | -7.9% |
| Furniture and vehicles | 24 | €234,183 | €30,911 | -€203,271 | -86.8% |
| Other tangible fixed assets | 26 | €130,700 | €96,200 | -€34,500 | -26.4% |
| Financial fixed assets | 28 | €215,202 | €215,202 | = | 0.0% |
| Other financial fixed assets | 284/8 | €215,202 | €215,202 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €215,202 | €215,202 | = | 0.0% |
| Current assets | 29/58 | €4,660,442 | €3,365,252 | -€1.3m | -27.8% |
| Stocks and contracts in progress | 3 | €75,520 | €42,640 | -€32,880 | -43.5% |
| Stocks | 30/36 | €75,520 | €42,640 | -€32,880 | -43.5% |
| Goods purchased for resale | 34 | €75,520 | €42,640 | -€32,880 | -43.5% |
| Amounts receivable within one year | 40/41 | €2,645,524 | €1,327,521 | -€1.3m | -49.8% |
| Trade receivables | 40 | €2,623,914 | €1,264,663 | -€1.4m | -51.8% |
| Other amounts receivable | 41 | €21,609 | €62,858 | +€41,249 | +190.9% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Other investments | 51/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €1,841,196 | €301,390 | -€1.5m | -83.6% |
| Deferred charges and accrued income | 490/1 | €98,203 | €193,702 | +€95,499 | +97.2% |
| Total equity and liabilities | 10/49 | €7,339,424 | €5,880,632 | -€1.5m | -19.9% |
| Equity | 10/15 | €3,782,868 | €3,991,147 | +€208,278 | +5.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,711,368 | €3,919,647 | +€208,278 | +5.6% |
| Amounts payable | 17/49 | €3,556,555 | €1,889,486 | -€1.7m | -46.9% |
| Amounts payable within one year | 42/48 | €3,536,075 | €1,871,609 | -€1.7m | -47.1% |
| Trade debts | 44 | €1,491,170 | €1,520,957 | +€29,787 | +2.0% |
| Suppliers | 440/4 | €1,491,170 | €1,520,957 | +€29,787 | +2.0% |
| Taxes, remuneration and social security | 45 | €477,162 | €320,585 | -€156,577 | -32.8% |
| Taxes | 450/3 | €144,296 | €7,332 | -€136,964 | -94.9% |
| Remuneration and social security | 454/9 | €332,866 | €313,253 | -€19,613 | -5.9% |
| Other amounts payable | 47/48 | €1,567,744 | €30,066 | -€1.5m | -98.1% |
| Accrued charges and deferred income | 492/3 | €20,480 | €17,877 | -€2,602 | -12.7% |
| Operating income | 70/76A | €10,499,464 | €10,464,632 | -€34,832 | -0.3% |
| Turnover | 70 | €10,008,212 | €10,104,616 | +€96,404 | +1.0% |
| Other operating income | 74 | €491,252 | €360,016 | -€131,236 | -26.7% |
| Operating charges | 60/66A | €10,232,054 | €10,150,809 | -€81,245 | -0.8% |
| Goods for resale, raw materials and consumables | 60 | €9,333 | €32,880 | +€23,547 | +252.3% |
| Purchases | 600/8 | €9,333 | - | -€9,333 | |
| Change in stocks: decrease (increase) | 609 | - | €32,880 | +€32,880 | |
| Services and other goods | 61 | €6,597,293 | €6,408,455 | -€188,838 | -2.9% |
| Remuneration, social security and pensions | 62 | €2,659,437 | €2,726,708 | +€67,271 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,528 | €376,386 | +€42,858 | +12.8% |
| Other operating charges | 640/8 | €632,463 | €606,381 | -€26,083 | -4.1% |
| Operating profit (loss) | 9901 | €267,410 | €313,823 | +€46,413 | +17.4% |
| Financial income | 75/76B | €3 | €10,756 | +€10,753 | +386797.1% |
| Recurring financial income | 75 | €3 | €10,756 | +€10,753 | +386797.1% |
| Other financial income | 752/9 | €3 | €10,756 | +€10,753 | +386797.1% |
| Financial charges | 65/66B | €1,949 | €33,613 | +€31,663 | +1624.3% |
| Recurring financial charges | 65 | €1,949 | €32,971 | +€31,021 | +1591.4% |
| Debt charges | 650 | €1,635 | €32,105 | +€30,471 | +1864.1% |
| Other financial charges | 652/9 | €315 | €865 | +€551 | +175.0% |
| Non-recurring financial charges | 66B | - | €642 | +€642 | |
| Profit (loss) for the period before taxes | 9903 | €265,463 | €290,966 | +€25,503 | +9.6% |
| Income taxes | 67/77 | €84,521 | €82,688 | -€1,834 | -2.2% |
| Taxes | 670/3 | €84,703 | €88,975 | +€4,272 | +5.0% |
| Tax adjustments and reversals of tax provisions | 77 | €181 | €6,287 | +€6,106 | +3368.7% |
| Profit (loss) for the period | 9904 | €180,942 | €208,278 | +€27,336 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,942 | €208,278 | +€27,336 | +15.1% |
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 4 October 2026 via checked.be.