SBM Solutions: 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 Solutions
Largest movements
- Tangible fixed assets +€61,190
new in 2025: €61,190
of which Leasing and similar rights: +€57,085
- Receivables within one year -€8,758
down €8,758 (-18.2%), from €48,029 to €39,270
of which Other amounts receivable: -€17,980
- Cash +€3,266
up €3,266 (+71.4%), from €4,573 to €7,839
mainly Debts after one year (+€41,836) and Net result for the year (+€15,440)
- Deferred charges and accrued income +€1,454
up €1,454, from €0 to €1,454
- Debts after one year +€41,836
new in 2025: €41,836
- Reserves +€15,440
up €15,440 (+57.9%), from €26,665 to €42,104
- Current portion of long-term debt +€15,213
new in 2025: €15,213
- Tax, wage and social debts -€10,833
down €10,833 (-90.9%), from €11,915 to €1,082
- Trade debts -€3,805
down €3,805 (-45.7%), from €8,322 to €4,517
- Gross operating margin +€20,122
up €20,122 (+297%), from €6,780 to €26,902
- Depreciation +€5,387
new in 2025: €5,387
- Taxes +€2,170
up €2,170 (+75.7%), from €2,866 to €5,036
- Financial charges +€617
up €617 (+573%), from €108 to €725
- Other operating charges +€594
up €594 (+67.0%), from €887 to €1,481
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.
Derived cash bridge
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 | €52,602 | €109,753 | +€57,152 | +109% |
| Fixed assets | 21/28 | - | €61,190 | +€61,190 | |
| Tangible fixed assets | 22/27 | - | €61,190 | +€61,190 | |
| Furniture and vehicles | 24 | - | €4,105 | +€4,105 | |
| Leasing and similar rights | 25 | - | €57,085 | +€57,085 | |
| Current assets | 29/58 | €52,602 | €48,563 | -€4,039 | -7.7% |
| Amounts receivable within one year | 40/41 | €48,029 | €39,270 | -€8,758 | -18.2% |
| Trade receivables | 40 | €8,640 | €17,862 | +€9,222 | +107% |
| Other amounts receivable | 41 | €39,389 | €21,408 | -€17,980 | -45.6% |
| Cash at bank and in hand | 54/58 | €4,573 | €7,839 | +€3,266 | +71.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,454 | +€1,454 | |
| Total equity and liabilities | 10/49 | €52,602 | €109,753 | +€57,152 | +109% |
| Equity | 10/15 | €31,665 | €47,104 | +€15,440 | +48.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,665 | €42,104 | +€15,440 | +57.9% |
| Distributable reserves | 133 | €26,665 | €42,104 | +€15,440 | +57.9% |
| Amounts payable | 17/49 | €20,937 | €62,649 | +€41,712 | +199% |
| Amounts payable after more than one year | 17 | - | €41,836 | +€41,836 | |
| Financial debts | 170/4 | - | €41,836 | +€41,836 | |
| Amounts payable within one year | 42/48 | €20,237 | €20,813 | +€575 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | - | €15,213 | +€15,213 | |
| Trade debts | 44 | €8,322 | €4,517 | -€3,805 | -45.7% |
| Suppliers | 440/4 | €8,322 | €4,517 | -€3,805 | -45.7% |
| Taxes, remuneration and social security | 45 | €11,915 | €1,082 | -€10,833 | -90.9% |
| Taxes | 450/3 | €11,915 | €1,082 | -€10,833 | -90.9% |
| Accrued charges and deferred income | 492/3 | €700 | €0 | -€700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,387 | +€5,387 | |
| Other operating charges | 640/8 | €887 | €1,481 | +€594 | +67.0% |
| Gross operating margin | 9900 | €6,780 | €26,902 | +€20,122 | +297% |
| Operating profit (loss) | 9901 | €5,893 | €20,034 | +€14,141 | +240% |
| Financial income | 75/76B | €1,130 | €1,166 | +€36 | +3.2% |
| Recurring financial income | 75 | €1,130 | €1,166 | +€36 | +3.2% |
| Financial charges | 65/66B | €108 | €725 | +€617 | +573% |
| Recurring financial charges | 65 | €108 | €725 | +€617 | +573% |
| Profit (loss) for the period before taxes | 9903 | €6,916 | €20,475 | +€13,560 | +196% |
| Income taxes | 67/77 | €2,866 | €5,036 | +€2,170 | +75.7% |
| Profit (loss) for the period | 9904 | €4,050 | €15,440 | +€11,390 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €4,050 | €15,440 | +€11,390 | +281% |
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 26 October 2026 via checked.be.