SBM: 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.
SBM
Largest movements
- Receivables within one year +€18,086
up €18,086 (+34.5%), from €52,466 to €70,552
of which Other amounts receivable: +€17,927
- Tangible fixed assets -€8,597
down €8,597 (-43.5%), from €19,786 to €11,189
- Intangible fixed assets -€1,607
down €1,607 (-14.3%), from €11,250 to €9,643
- Profit (loss) carried forward +€12,888
up €12,888 (+28.3%), from €45,502 to €58,390
- Debts after one year -€7,332
down €7,332 (-74.9%), from €9,795 to €2,463
- Trade debts +€3,658
up €3,658 (+40.7%), from €8,981 to €12,640
- Current portion of long-term debt -€1,084
down €1,084 (-12.9%), from €8,416 to €7,332
- Gross operating margin +€10,006
up €10,006 (+46.0%), from €21,758 to €31,764
- Taxes +€2,735
up €2,735 (+68.0%), from €4,021 to €6,756
- Depreciation +€509
up €509 (+5.2%), from €9,696 to €10,205
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,890 | €93,149 | +€8,259 | +9.7% |
| Fixed assets | 21/28 | €31,036 | €20,832 | -€10,205 | -32.9% |
| Intangible fixed assets | 21 | €11,250 | €9,643 | -€1,607 | -14.3% |
| Tangible fixed assets | 22/27 | €19,786 | €11,189 | -€8,597 | -43.5% |
| Furniture and vehicles | 24 | €19,786 | €11,189 | -€8,597 | -43.5% |
| Current assets | 29/58 | €53,854 | €72,317 | +€18,463 | +34.3% |
| Amounts receivable within one year | 40/41 | €52,466 | €70,552 | +€18,086 | +34.5% |
| Trade receivables | 40 | €99 | €258 | +€159 | +160.9% |
| Other amounts receivable | 41 | €52,367 | €70,294 | +€17,927 | +34.2% |
| Cash at bank and in hand | 54/58 | €1,388 | €1,765 | +€377 | +27.2% |
| Total equity and liabilities | 10/49 | €84,890 | €93,149 | +€8,259 | +9.7% |
| Equity | 10/15 | €50,502 | €63,390 | +€12,888 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,502 | €58,390 | +€12,888 | +28.3% |
| Amounts payable | 17/49 | €34,388 | €29,759 | -€4,629 | -13.5% |
| Amounts payable after more than one year | 17 | €9,795 | €2,463 | -€7,332 | -74.9% |
| Financial debts | 170/4 | €9,795 | €2,463 | -€7,332 | -74.9% |
| Amounts payable within one year | 42/48 | €24,594 | €27,296 | +€2,702 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €8,416 | €7,332 | -€1,084 | -12.9% |
| Trade debts | 44 | €8,981 | €12,640 | +€3,658 | +40.7% |
| Suppliers | 440/4 | €8,981 | €12,640 | +€3,658 | +40.7% |
| Taxes, remuneration and social security | 45 | €7,196 | €7,324 | +€128 | +1.8% |
| Taxes | 450/3 | €7,196 | €7,324 | +€128 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €10,205 | +€509 | +5.2% |
| Other operating charges | 640/8 | €544 | €528 | -€16 | -3.0% |
| Gross operating margin | 9900 | €21,758 | €31,764 | +€10,006 | +46.0% |
| Operating profit (loss) | 9901 | €11,518 | €21,031 | +€9,513 | +82.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,083 | €1,387 | +€304 | +28.1% |
| Recurring financial charges | 65 | €1,083 | €1,387 | +€304 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €10,435 | €19,644 | +€9,209 | +88.3% |
| Income taxes | 67/77 | €4,021 | €6,756 | +€2,735 | +68.0% |
| Profit (loss) for the period | 9904 | €6,414 | €12,888 | +€6,474 | +100.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,414 | €12,888 | +€6,474 | +100.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.