SBM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€144,857
down €144,857 (-16.5%), from €876,273 to €731,417
of which Other amounts receivable: -€88,019
- Tangible fixed assets +€86,751
up €86,751 (+182.0%), from €47,678 to €134,429
of which Furniture and vehicles: +€87,794
- Cash -€45,107
down €45,107 (-28.7%), from €157,073 to €111,966
mainly Trade debts (-€260,284) and Investment in fixed assets (net) (-€141,012)
- Trade debts -€260,284
down €260,284 (-60.8%), from €428,307 to €168,024
- Profit (loss) carried forward +€84,304
up €84,304 (+15.0%), from €562,472 to €646,776
- Debts after one year +€51,266
up €51,266 (+173.8%), from €29,490 to €80,755
- Short-term financial debts +€25,367
up €25,367 (+76.0%), from €33,386 to €58,754
- Tax, wage and social debts -€14,857
down €14,857 (-32.4%), from €45,790 to €30,934
- Purchases and services +€368,885
up €368,885 (+9.4%), from €3.9m to €4.3m
- Turnover +€298,137
up €298,137 (+7.2%), from €4.1m to €4.4m
- Gross operating margin -€54,932
down €54,932 (-24.1%), from €228,264 to €173,332
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 | €1,121,225 | €1,019,422 | -€101,803 | -9.1% |
| Fixed assets | 21/28 | €59,203 | €145,954 | +€86,751 | +146.5% |
| Tangible fixed assets | 22/27 | €47,678 | €134,429 | +€86,751 | +182.0% |
| Plant, machinery and equipment | 23 | €1,043 | - | -€1,043 | |
| Furniture and vehicles | 24 | €46,635 | €134,429 | +€87,794 | +188.3% |
| Financial fixed assets | 28 | €11,525 | €11,525 | = | 0.0% |
| Current assets | 29/58 | €1,062,022 | €873,469 | -€188,554 | -17.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €876,273 | €731,417 | -€144,857 | -16.5% |
| Trade receivables | 40 | €397,501 | €340,664 | -€56,838 | -14.3% |
| Other amounts receivable | 41 | €478,772 | €390,753 | -€88,019 | -18.4% |
| Cash at bank and in hand | 54/58 | €157,073 | €111,966 | -€45,107 | -28.7% |
| Deferred charges and accrued income | 490/1 | €8,676 | €10,086 | +€1,410 | +16.3% |
| Total equity and liabilities | 10/49 | €1,121,225 | €1,019,422 | -€101,803 | -9.1% |
| Equity | 10/15 | €584,252 | €680,956 | +€96,704 | +16.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €15,580 | €15,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,720 | €13,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €562,472 | €646,776 | +€84,304 | +15.0% |
| Amounts payable | 17/49 | €536,974 | €338,467 | -€198,507 | -37.0% |
| Amounts payable after more than one year | 17 | €29,490 | €80,755 | +€51,266 | +173.8% |
| Financial debts | 170/4 | €29,490 | €80,755 | +€51,266 | +173.8% |
| Amounts payable within one year | 42/48 | €507,484 | €257,711 | -€249,773 | -49.2% |
| Financial debts | 43 | €33,386 | €58,754 | +€25,367 | +76.0% |
| Credit institutions | 430/8 | €33,386 | €58,754 | +€25,367 | +76.0% |
| Trade debts | 44 | €428,307 | €168,024 | -€260,284 | -60.8% |
| Suppliers | 440/4 | €428,307 | €168,024 | -€260,284 | -60.8% |
| Taxes, remuneration and social security | 45 | €45,790 | €30,934 | -€14,857 | -32.4% |
| Taxes | 450/3 | €45,790 | €30,934 | -€14,857 | -32.4% |
| Turnover | 70 | €4,115,917 | €4,414,053 | +€298,137 | +7.2% |
| Non-recurring operating income | 76A | €40,309 | €56,126 | +€15,817 | +39.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,927,962 | €4,296,847 | +€368,885 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,883 | €54,261 | +€12,378 | +29.6% |
| Other operating charges | 640/8 | €188 | €288 | +€100 | +53.0% |
| Gross operating margin | 9900 | €228,264 | €173,332 | -€54,932 | -24.1% |
| Operating profit (loss) | 9901 | €186,193 | €118,783 | -€67,409 | -36.2% |
| Financial income | 75/76B | €52 | €1,953 | +€1,901 | +3625.1% |
| Recurring financial income | 75 | €52 | €1,953 | +€1,901 | +3625.1% |
| Financial charges | 65/66B | €9,446 | €5,498 | -€3,948 | -41.8% |
| Recurring financial charges | 65 | €9,446 | €5,498 | -€3,948 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €176,799 | €115,238 | -€61,561 | -34.8% |
| Income taxes | 67/77 | €45,790 | €30,934 | -€14,856 | -32.4% |
| Profit (loss) for the period | 9904 | €131,008 | €84,304 | -€46,704 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,008 | €84,304 | -€46,704 | -35.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.