SBMed: 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.
SBMed
Largest movements
- Cash -€99,456
down €99,456 (-76.2%), from €130,473 to €31,017
mainly Contributions, distributions and other (-€142,107) and Deferred charges and accrued income (-€62,488)
- Deferred charges and accrued income +€62,488
up €62,488 (+104.0%), from €60,091 to €122,579
- Tangible fixed assets -€31,040
down €31,040 (-29.7%), from €104,550 to €73,510
of which Furniture and vehicles: -€24,643
- Receivables within one year +€21,569
up €21,569 (+2319.9%), from €930 to €22,499
of which Trade receivables: +€18,870
- Tax, wage and social debts -€23,877
down €23,877 (-50.3%), from €47,497 to €23,620
- Debts after one year -€15,857
down €15,857 (-23.9%), from €66,417 to €50,560
- Trade debts +€15,382
up €15,382 (+19535.3%), from €79 to €15,461
- Other debts -€13,588
down €13,588 (-8.7%), from €155,696 to €142,107
- Current portion of long-term debt -€8,498
down €8,498 (-34.9%), from €24,355 to €15,857
- Turnover +€306,621
new in 2025: €306,621
- Purchases and services +€87,677
new in 2025: €87,677
- Gross operating margin +€52,713
up €52,713 (+30.2%), from €174,407 to €227,119
- Financial charges -€41,462
down €41,462 (-93.3%), from €44,430 to €2,968
- Taxes +€25,592
up €25,592 (+102.3%), from €25,024 to €50,616
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 | €296,044 | €249,606 | -€46,439 | -15.7% |
| Fixed assets | 21/28 | €104,550 | €73,510 | -€31,040 | -29.7% |
| Tangible fixed assets | 22/27 | €104,550 | €73,510 | -€31,040 | -29.7% |
| Land and buildings | 22 | €56,023 | €49,625 | -€6,397 | -11.4% |
| Furniture and vehicles | 24 | €48,528 | €23,885 | -€24,643 | -50.8% |
| Current assets | 29/58 | €191,494 | €176,095 | -€15,399 | -8.0% |
| Amounts receivable within one year | 40/41 | €930 | €22,499 | +€21,569 | +2319.9% |
| Trade receivables | 40 | €930 | €19,800 | +€18,870 | +2029.6% |
| Other amounts receivable | 41 | - | €2,699 | +€2,699 | |
| Cash at bank and in hand | 54/58 | €130,473 | €31,017 | -€99,456 | -76.2% |
| Deferred charges and accrued income | 490/1 | €60,091 | €122,579 | +€62,488 | +104.0% |
| Total equity and liabilities | 10/49 | €296,044 | €249,606 | -€46,439 | -15.7% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €294,044 | €247,606 | -€46,439 | -15.8% |
| Amounts payable after more than one year | 17 | €66,417 | €50,560 | -€15,857 | -23.9% |
| Financial debts | 170/4 | €66,417 | €50,560 | -€15,857 | -23.9% |
| Amounts payable within one year | 42/48 | €227,627 | €197,045 | -€30,582 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €24,355 | €15,857 | -€8,498 | -34.9% |
| Trade debts | 44 | €79 | €15,461 | +€15,382 | +19535.3% |
| Suppliers | 440/4 | €79 | €15,461 | +€15,382 | +19535.3% |
| Taxes, remuneration and social security | 45 | €47,497 | €23,620 | -€23,877 | -50.3% |
| Taxes | 450/3 | €47,497 | €23,620 | -€23,877 | -50.3% |
| Other amounts payable | 47/48 | €155,696 | €142,107 | -€13,588 | -8.7% |
| Turnover | 70 | - | €306,621 | +€306,621 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €87,677 | +€87,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,017 | €31,040 | +€23 | +0.1% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €174,407 | €227,119 | +€52,713 | +30.2% |
| Operating profit (loss) | 9901 | €143,389 | €195,692 | +€52,303 | +36.5% |
| Financial income | 75/76B | €650 | €0 | -€650 | -100.0% |
| Recurring financial income | 75 | €650 | €0 | -€650 | -100.0% |
| Financial charges | 65/66B | €44,430 | €2,968 | -€41,462 | -93.3% |
| Recurring financial charges | 65 | €44,430 | €2,968 | -€41,462 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €99,609 | €192,724 | +€93,114 | +93.5% |
| Income taxes | 67/77 | €25,024 | €50,616 | +€25,592 | +102.3% |
| Profit (loss) for the period | 9904 | €74,585 | €142,107 | +€67,522 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,585 | €142,107 | +€67,522 | +90.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.