SBM VRIENDELIJKSTE: 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 VRIENDELIJKSTE
Largest movements
- Cash +€1,405
up €1,405 (+136%), from €1,030 to €2,435
mainly Net result for the year (+€1,235) and Depreciation (+€547)
- Intangible fixed assets -€687
no longer reported in 2025 (was €687)
- Formation expenses +€516
new in 2025: €516
- Tangible fixed assets -€375
down €375 (-29.8%), from €1,260 to €885
- Receivables within one year +€99
new in 2025: €99
- Profit (loss) carried forward +€1,235
up €1,235 (+41.8%), from -€2,953 to -€1,718
- Tax, wage and social debts -€469
down €469 (-14.9%), from €3,136 to €2,667
- Trade debts +€191
up €191 (+23.5%), from €812 to €1,004
- Gross operating margin +€4,446
up €4,446, from -€2,541 to €1,904
- Depreciation +€135
up €135 (+32.9%), from €412 to €547
- Financial charges +€123
up €123 (+81,820%), from €0 to €123
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 | €2,977 | €3,935 | +€957 | +32.2% |
| Formation expenses | 20 | - | €516 | +€516 | |
| Fixed assets | 21/28 | €1,948 | €885 | -€1,062 | -54.5% |
| Intangible fixed assets | 21 | €687 | - | -€687 | |
| Tangible fixed assets | 22/27 | €1,260 | €885 | -€375 | -29.8% |
| Furniture and vehicles | 24 | €1,260 | €885 | -€375 | -29.8% |
| Current assets | 29/58 | €1,030 | €2,534 | +€1,504 | +146% |
| Amounts receivable within one year | 40/41 | - | €99 | +€99 | |
| Other amounts receivable | 41 | - | €99 | +€99 | |
| Cash at bank and in hand | 54/58 | €1,030 | €2,435 | +€1,405 | +136% |
| Total equity and liabilities | 10/49 | €2,977 | €3,935 | +€957 | +32.2% |
| Equity | 10/15 | -€2,953 | -€1,718 | +€1,235 | +41.8% |
| Contributions | 10/11 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€2,953 | -€1,718 | +€1,235 | +41.8% |
| Amounts payable | 17/49 | €5,930 | €5,653 | -€277 | -4.7% |
| Amounts payable within one year | 42/48 | €5,930 | €5,653 | -€277 | -4.7% |
| Trade debts | 44 | €812 | €1,004 | +€191 | +23.5% |
| Suppliers | 440/4 | €812 | €1,004 | +€191 | +23.5% |
| Taxes, remuneration and social security | 45 | €3,136 | €2,667 | -€469 | -14.9% |
| Taxes | 450/3 | €3,136 | €2,667 | -€469 | -14.9% |
| Other amounts payable | 47/48 | €1,982 | €1,982 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €547 | +€135 | +32.9% |
| Gross operating margin | 9900 | -€2,541 | €1,904 | +€4,446 | |
| Operating profit (loss) | 9901 | -€2,953 | €1,358 | +€4,311 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €0 | €123 | +€123 | +81,820% |
| Recurring financial charges | 65 | €0 | €123 | +€123 | +81,820% |
| Profit (loss) for the period before taxes | 9903 | -€2,953 | €1,235 | +€4,188 | |
| Profit (loss) for the period | 9904 | -€2,953 | €1,235 | +€4,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,953 | €1,235 | +€4,188 |
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 14 October 2026 via checked.be.