SBMR: 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.
SBMR
Largest movements
- Cash +€24,964
up €24,964 (+70.0%), from €35,671 to €60,635
mainly Net result for the year (+€35,068) and Other debts (+€29,808)
- Tangible fixed assets +€15,168
up €15,168 (+55.9%), from €27,149 to €42,316
- Receivables within one year -€7,099
down €7,099 (-33.5%), from €21,210 to €14,110
of which Trade receivables: -€12,100
- Other debts +€29,808
new in 2025: €29,808
- Trade debts +€2,125
up €2,125 (+117.0%), from €1,816 to €3,941
- Tax, wage and social debts +€1,531
up €1,531 (+13.7%), from €11,211 to €12,742
of which Taxes: +€1,523
- Gross operating margin +€17,647
up €17,647 (+42.8%), from €41,273 to €58,920
- Depreciation +€4,598
up €4,598 (+54.1%), from €8,501 to €13,099
- Financial income +€968
new in 2025: €968
- Taxes +€941
up €941 (+10.1%), from €9,290 to €10,230
- Other operating charges +€904
up €904 (+168.1%), from €538 to €1,442
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 | €100,449 | €134,042 | +€33,593 | +33.4% |
| Fixed assets | 21/28 | €27,149 | €42,316 | +€15,168 | +55.9% |
| Tangible fixed assets | 22/27 | €27,149 | €42,316 | +€15,168 | +55.9% |
| Furniture and vehicles | 24 | €27,149 | €42,316 | +€15,168 | +55.9% |
| Current assets | 29/58 | €73,300 | €91,726 | +€18,426 | +25.1% |
| Amounts receivable within one year | 40/41 | €21,210 | €14,110 | -€7,099 | -33.5% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €9,110 | €14,110 | +€5,001 | +54.9% |
| Cash at bank and in hand | 54/58 | €35,671 | €60,635 | +€24,964 | +70.0% |
| Deferred charges and accrued income | 490/1 | €16,419 | €16,981 | +€562 | +3.4% |
| Total equity and liabilities | 10/49 | €100,449 | €134,042 | +€33,593 | +33.4% |
| Equity | 10/15 | €87,422 | €87,551 | +€129 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,422 | €86,551 | +€129 | +0.1% |
| Distributable reserves | 133 | €86,422 | €86,551 | +€129 | +0.1% |
| Amounts payable | 17/49 | €13,027 | €46,491 | +€33,464 | +256.9% |
| Amounts payable within one year | 42/48 | €13,027 | €46,491 | +€33,464 | +256.9% |
| Trade debts | 44 | €1,816 | €3,941 | +€2,125 | +117.0% |
| Suppliers | 440/4 | €1,816 | €3,941 | +€2,125 | +117.0% |
| Taxes, remuneration and social security | 45 | €11,211 | €12,742 | +€1,531 | +13.7% |
| Taxes | 450/3 | €8,437 | €9,960 | +€1,523 | +18.0% |
| Remuneration and social security | 454/9 | €2,774 | €2,783 | +€8 | +0.3% |
| Other amounts payable | 47/48 | - | €29,808 | +€29,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,501 | €13,099 | +€4,598 | +54.1% |
| Other operating charges | 640/8 | €538 | €1,442 | +€904 | +168.1% |
| Gross operating margin | 9900 | €41,273 | €58,920 | +€17,647 | +42.8% |
| Operating profit (loss) | 9901 | €32,235 | €44,379 | +€12,145 | +37.7% |
| Financial income | 75/76B | - | €968 | +€968 | |
| Recurring financial income | 75 | - | €968 | +€968 | |
| Financial charges | 65/66B | €340 | €49 | -€291 | -85.6% |
| Recurring financial charges | 65 | €340 | €49 | -€291 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €31,894 | €45,299 | +€13,404 | +42.0% |
| Income taxes | 67/77 | €9,290 | €10,230 | +€941 | +10.1% |
| Profit (loss) for the period | 9904 | €22,605 | €35,068 | +€12,464 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,605 | €35,068 | +€12,464 | +55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.