SBMS: 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.
SBMS
Largest movements
- Receivables within one year -€49,579
down €49,579 (-7.4%), from €672,029 to €622,450
of which Other amounts receivable: -€31,245
- Cash -€37,076
down €37,076 (-29.8%), from €124,244 to €87,168
mainly Contributions, distributions and other (-€98,200) and Tax, wage and social debts (-€25,630)
- Reserves -€81,069
down €81,069 (-16.2%), from €500,449 to €419,380
of which Distributable reserves: -€81,069
- Tax, wage and social debts -€25,630
down €25,630 (-78.8%), from €32,545 to €6,915
- Other debts +€12,268
up €12,268 (+15.1%), from €81,021 to €93,290
- Short-term financial debts +€8,828
new in 2025: €8,828
- Gross operating margin -€35,722
down €35,722, from €27,674 to -€8,048
- Financial income +€7,260
up €7,260 (+22.0%), from €32,926 to €40,186
- Taxes -€7,213
down €7,213 (-38.2%), from €18,873 to €11,660
- Other operating charges -€754
down €754 (-44.2%), from €1,708 to €953
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 | €796,273 | €709,618 | -€86,655 | -10.9% |
| Current assets | 29/58 | €796,273 | €709,618 | -€86,655 | -10.9% |
| Amounts receivable within one year | 40/41 | €672,029 | €622,450 | -€49,579 | -7.4% |
| Trade receivables | 40 | €36,300 | €17,966 | -€18,334 | -50.5% |
| Other amounts receivable | 41 | €635,729 | €604,484 | -€31,245 | -4.9% |
| Cash at bank and in hand | 54/58 | €124,244 | €87,168 | -€37,076 | -29.8% |
| Total equity and liabilities | 10/49 | €796,273 | €709,618 | -€86,655 | -10.9% |
| Equity | 10/15 | €519,049 | €437,980 | -€81,069 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500,449 | €419,380 | -€81,069 | -16.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €500,449 | €419,380 | -€81,069 | -16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €161,000 | €161,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €161,000 | €161,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €161,000 | €161,000 | = | 0.0% |
| Amounts payable | 17/49 | €116,225 | €110,638 | -€5,587 | -4.8% |
| Amounts payable within one year | 42/48 | €116,225 | €110,638 | -€5,587 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €8,828 | +€8,828 | |
| Credit institutions | 430/8 | - | €8,828 | +€8,828 | |
| Trade debts | 44 | €2,658 | €1,605 | -€1,053 | -39.6% |
| Suppliers | 440/4 | €2,658 | €1,605 | -€1,053 | -39.6% |
| Taxes, remuneration and social security | 45 | €32,545 | €6,915 | -€25,630 | -78.8% |
| Taxes | 450/3 | €32,545 | €6,915 | -€25,630 | -78.8% |
| Other amounts payable | 47/48 | €81,021 | €93,290 | +€12,268 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,708 | €953 | -€754 | -44.2% |
| Gross operating margin | 9900 | €27,674 | -€8,048 | -€35,722 | |
| Operating profit (loss) | 9901 | €25,966 | -€9,001 | -€34,967 | |
| Financial income | 75/76B | €32,926 | €40,186 | +€7,260 | +22.0% |
| Recurring financial income | 75 | €32,926 | €40,186 | +€7,260 | +22.0% |
| Financial charges | 65/66B | €2,123 | €2,394 | +€270 | +12.7% |
| Recurring financial charges | 65 | €2,123 | €2,394 | +€270 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €56,768 | €28,791 | -€27,978 | -49.3% |
| Income taxes | 67/77 | €18,873 | €11,660 | -€7,213 | -38.2% |
| Profit (loss) for the period | 9904 | €37,895 | €17,131 | -€20,764 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,895 | €17,131 | -€20,764 | -54.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.