SBM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€7,047
down €7,047 (-31.6%), from €22,267 to €15,221
- Receivables within one year -€5,930
down €5,930 (-91.0%), from €6,514 to €584
of which Other amounts receivable: -€4,143
- Deferred charges and accrued income -€1,448
down €1,448 (-89.8%), from €1,613 to €165
- Cash -€675
down €675 (-53.9%), from €1,253 to €578
mainly Net result for the year (-€16,152) and Accrued charges and deferred income (-€1,190)
- Profit (loss) carried forward -€16,152
down €16,152 (-28134.7%), from -€57 to -€16,210
- Other debts +€3,630
up €3,630 (+127.5%), from €2,847 to €6,477
- Accrued charges and deferred income -€1,190
down €1,190 (-50.7%), from €2,346 to €1,156
- Trade debts -€719
no longer reported in 2025 (was €719)
- Tax, wage and social debts -€670
down €670 (-78.4%), from €854 to €184
- Gross operating margin -€31,965
down €31,965, from €24,150 to -€7,815
- Depreciation +€947
up €947 (+15.5%), from €6,099 to €7,047
- Other operating charges -€331
down €331 (-28.1%), from €1,178 to €847
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 | €31,708 | €16,608 | -€15,099 | -47.6% |
| Fixed assets | 21/28 | €22,327 | €15,281 | -€7,047 | -31.6% |
| Tangible fixed assets | 22/27 | €22,267 | €15,221 | -€7,047 | -31.6% |
| Furniture and vehicles | 24 | €22,267 | €15,221 | -€7,047 | -31.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €9,380 | €1,328 | -€8,053 | -85.8% |
| Amounts receivable within one year | 40/41 | €6,514 | €584 | -€5,930 | -91.0% |
| Trade receivables | 40 | €2,014 | €227 | -€1,787 | -88.7% |
| Other amounts receivable | 41 | €4,500 | €357 | -€4,143 | -92.1% |
| Cash at bank and in hand | 54/58 | €1,253 | €578 | -€675 | -53.9% |
| Deferred charges and accrued income | 490/1 | €1,613 | €165 | -€1,448 | -89.8% |
| Total equity and liabilities | 10/49 | €31,708 | €16,608 | -€15,099 | -47.6% |
| Equity | 10/15 | €24,943 | €8,790 | -€16,152 | -64.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57 | -€16,210 | -€16,152 | -28134.7% |
| Amounts payable | 17/49 | €6,765 | €7,818 | +€1,053 | +15.6% |
| Amounts payable within one year | 42/48 | €4,420 | €6,662 | +€2,242 | +50.7% |
| Trade debts | 44 | €719 | - | -€719 | |
| Suppliers | 440/4 | €719 | - | -€719 | |
| Taxes, remuneration and social security | 45 | €854 | €184 | -€670 | -78.4% |
| Taxes | 450/3 | €854 | €184 | -€670 | -78.4% |
| Other amounts payable | 47/48 | €2,847 | €6,477 | +€3,630 | +127.5% |
| Accrued charges and deferred income | 492/3 | €2,346 | €1,156 | -€1,190 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,099 | €7,047 | +€947 | +15.5% |
| Other operating charges | 640/8 | €1,178 | €847 | -€331 | -28.1% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €24,150 | -€7,815 | -€31,965 | |
| Operating profit (loss) | 9901 | €14,373 | -€15,708 | -€30,081 | |
| Financial income | 75/76B | €13 | €20 | +€7 | +57.3% |
| Recurring financial income | 75 | €13 | €20 | +€7 | +57.3% |
| Financial charges | 65/66B | €377 | €290 | -€87 | -23.2% |
| Recurring financial charges | 65 | €377 | €290 | -€87 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €14,009 | -€15,977 | -€29,986 | |
| Income taxes | 67/77 | €166 | €175 | +€9 | +5.7% |
| Profit (loss) for the period | 9904 | €13,844 | -€16,152 | -€29,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,844 | -€16,152 | -€29,996 |
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 9 October 2026 via checked.be.