SBM ENTERPRISES: what changed
Two financial 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 ENTERPRISES
Largest movements
- Cash +€40,929
up €40,929 (+88.9%), from €46,039 to €86,968
mainly Net result for the year (+€32,530) and Tax, wage and social debts (+€23,971)
- Tangible fixed assets +€23,310
up €23,310 (+9460.6%), from €246 to €23,556
of which Furniture and vehicles: +€22,561
- Receivables within one year -€20,450
down €20,450 (-93.2%), from €21,950 to €1,500
of which Trade receivables: -€20,306
- Deferred charges and accrued income +€6,482
up €6,482 (+1171.2%), from €553 to €7,035
- Stocks and contracts -€2,766
down €2,766 (-28.5%), from €9,718 to €6,952
- Reserves +€32,530
up €32,530 (+160.1%), from €20,314 to €52,844
- Tax, wage and social debts +€23,971
up €23,971 (+73.4%), from €32,654 to €56,626
of which Remuneration and social security: +€13,134
- Trade debts -€9,215
down €9,215 (-43.8%), from €21,035 to €11,820
- Gross operating margin +€15,993
up €15,993 (+51.5%), from €31,038 to €47,031
- Taxes +€3,960
up €3,960 (+60.2%), from €6,582 to €10,542
- Depreciation +€2,139
up €2,139 (+411.0%), from €520 to €2,660
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 | €83,082 | €130,133 | +€47,051 | +56.6% |
| Fixed assets | 21/28 | €4,822 | €27,677 | +€22,856 | +474.0% |
| Intangible fixed assets | 21 | €4,076 | €3,621 | -€455 | -11.2% |
| Tangible fixed assets | 22/27 | €246 | €23,556 | +€23,310 | +9460.6% |
| Plant, machinery and equipment | 23 | €246 | €996 | +€749 | +304.2% |
| Furniture and vehicles | 24 | - | €22,561 | +€22,561 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €78,260 | €102,455 | +€24,195 | +30.9% |
| Stocks and contracts in progress | 3 | €9,718 | €6,952 | -€2,766 | -28.5% |
| Stocks | 30/36 | €9,718 | €6,952 | -€2,766 | -28.5% |
| Amounts receivable within one year | 40/41 | €21,950 | €1,500 | -€20,450 | -93.2% |
| Trade receivables | 40 | €20,306 | - | -€20,306 | |
| Other amounts receivable | 41 | €1,644 | €1,500 | -€144 | -8.7% |
| Cash at bank and in hand | 54/58 | €46,039 | €86,968 | +€40,929 | +88.9% |
| Deferred charges and accrued income | 490/1 | €553 | €7,035 | +€6,482 | +1171.2% |
| Total equity and liabilities | 10/49 | €83,082 | €130,133 | +€47,051 | +56.6% |
| Equity | 10/15 | €28,314 | €60,844 | +€32,530 | +114.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €20,314 | €52,844 | +€32,530 | +160.1% |
| Distributable reserves | 133 | €20,314 | €52,844 | +€32,530 | +160.1% |
| Amounts payable | 17/49 | €54,768 | €69,288 | +€14,521 | +26.5% |
| Amounts payable within one year | 42/48 | €54,768 | €69,288 | +€14,521 | +26.5% |
| Financial debts | 43 | €1,078 | €843 | -€236 | -21.9% |
| Credit institutions | 430/8 | €1,078 | €843 | -€236 | -21.9% |
| Trade debts | 44 | €21,035 | €11,820 | -€9,215 | -43.8% |
| Suppliers | 440/4 | €21,035 | €11,820 | -€9,215 | -43.8% |
| Taxes, remuneration and social security | 45 | €32,654 | €56,626 | +€23,971 | +73.4% |
| Taxes | 450/3 | €27,822 | €38,660 | +€10,838 | +39.0% |
| Remuneration and social security | 454/9 | €4,832 | €17,966 | +€13,134 | +271.8% |
| Remuneration, social security and pensions | 62 | - | €393 | +€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €2,660 | +€2,139 | +411.0% |
| Other operating charges | 640/8 | €237 | €347 | +€110 | +46.5% |
| Gross operating margin | 9900 | €31,038 | €47,031 | +€15,993 | +51.5% |
| Operating profit (loss) | 9901 | €30,280 | €43,631 | +€13,351 | +44.1% |
| Financial income | 75/76B | €33 | €210 | +€177 | +542.0% |
| Recurring financial income | 75 | €33 | €210 | +€177 | +542.0% |
| Financial charges | 65/66B | €972 | €769 | -€203 | -20.9% |
| Recurring financial charges | 65 | €972 | €769 | -€203 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €29,341 | €43,072 | +€13,731 | +46.8% |
| Income taxes | 67/77 | €6,582 | €10,542 | +€3,960 | +60.2% |
| Profit (loss) for the period | 9904 | €22,759 | €32,530 | +€9,771 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,759 | €32,530 | +€9,771 | +42.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.