SBMV: 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.
What changed
SBMV
NACE 70.200, Business and other management consultancy
financial year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€852,310
31-12-2024 · €372,349+€479,960
Equity
€10.2m
31-12-2024 · €9.6m+€652,310
Cash
€73,395
31-12-2024 · €86,011-€12,616
Balance sheet total
€11.5m
31-12-2024 · €11.4m+€108,705
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€652,310
up €652,310 (+6.8%), from €9.5m to €10.2m
of which Distributable reserves: +€652,310
- Debts after one year -€476,522
down €476,522 (-46.1%), from €1.0m to €557,813
Income statement
- Financial charges -€513,764
down €513,764 (-96.5%), from €532,642 to €18,878
of which Non-recurring financial charges: -€491,672
- Financial income -€46,300
down €46,300 (-6.0%), from €770,040 to €723,740
- Gross operating margin +€34,727
up €34,727 (+10.8%), from €320,374 to €355,101
- Taxes +€19,733
up €19,733 (+16.8%), from €117,478 to €137,211
- Depreciation +€4,445
up €4,445 (+7.6%), from €58,422 to €62,867
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€372,349
Gross operating margin
+€34,727
Depreciation
-€4,445
Other operating charges
+€1,947
Financial income
-€46,300
Financial charges
+€513,764
Taxes
-€19,733
Result 31-12-2025
€852,310
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€815,271
Investment
-€151,365
Financing
-€676,522
Cash 31-12-2024
€86,011
From operations (derived)
+€815,271
Net result for the year
+€852,310
Depreciation
+€62,867
Receivables after one year
+€42,742
Receivables within one year
-€84,274
Deferred charges and accrued income
+€8,709
Trade debts
+€17,313
Tax, wage and social debts
+€22,664
Other debts
-€107,141
Accrued charges and deferred income
+€82
Investment (derived)
-€151,365
Investment in fixed assets (net)
-€151,365
Financing
-€676,522
Debts after one year
-€476,522
Contributions, distributions and other
-€200,000
Cash 31-12-2025
€73,395
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,373,640 | €11,482,345 | +€108,705 | +1.0% |
| Fixed assets | 21/28 | €10,840,066 | €10,928,564 | +€88,497 | +0.8% |
| Tangible fixed assets | 22/27 | €1,170,764 | €1,209,262 | +€38,497 | +3.3% |
| Land and buildings | 22 | €995,974 | €954,699 | -€41,275 | -4.1% |
| Plant, machinery and equipment | 23 | €66,400 | €154,225 | +€87,824 | +132.3% |
| Furniture and vehicles | 24 | €34,915 | €28,535 | -€6,380 | -18.3% |
| Other tangible fixed assets | 26 | €60,066 | €56,869 | -€3,197 | -5.3% |
| Assets under construction and advance payments | 27 | €13,409 | €14,935 | +€1,526 | +11.4% |
| Financial fixed assets | 28 | €9,669,302 | €9,719,302 | +€50,000 | +0.5% |
| Current assets | 29/58 | €533,573 | €553,781 | +€20,208 | +3.8% |
| Amounts receivable after more than one year | 29 | €262,947 | €220,206 | -€42,742 | -16.3% |
| Other amounts receivable | 291 | €262,947 | €220,206 | -€42,742 | -16.3% |
| Amounts receivable within one year | 40/41 | €163,475 | €247,748 | +€84,274 | +51.6% |
| Trade receivables | 40 | €0 | €136,263 | +€136,263 | |
| Other amounts receivable | 41 | €163,475 | €111,485 | -€51,990 | -31.8% |
| Cash at bank and in hand | 54/58 | €86,011 | €73,395 | -€12,616 | -14.7% |
| Deferred charges and accrued income | 490/1 | €21,140 | €12,431 | -€8,709 | -41.2% |
| Total equity and liabilities | 10/49 | €11,373,640 | €11,482,345 | +€108,705 | +1.0% |
| Equity | 10/15 | €9,574,517 | €10,226,827 | +€652,310 | +6.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €9,549,517 | €10,201,827 | +€652,310 | +6.8% |
| Tax-exempt reserves | 132 | €19,625 | €19,625 | = | 0.0% |
| Distributable reserves | 133 | €9,529,892 | €10,182,201 | +€652,310 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,799,123 | €1,255,518 | -€543,604 | -30.2% |
| Amounts payable after more than one year | 17 | €1,034,335 | €557,813 | -€476,522 | -46.1% |
| Financial debts | 170/4 | €1,034,335 | €557,813 | -€476,522 | -46.1% |
| Amounts payable within one year | 42/48 | €761,128 | €693,965 | -€67,163 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €131,250 | €131,250 | = | 0.0% |
| Trade debts | 44 | €13,461 | €30,775 | +€17,313 | +128.6% |
| Suppliers | 440/4 | €13,461 | €30,775 | +€17,313 | +128.6% |
| Taxes, remuneration and social security | 45 | €160,766 | €183,429 | +€22,664 | +14.1% |
| Taxes | 450/3 | €160,766 | €183,429 | +€22,664 | +14.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €455,651 | €348,510 | -€107,141 | -23.5% |
| Accrued charges and deferred income | 492/3 | €3,659 | €3,741 | +€82 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,422 | €62,867 | +€4,445 | +7.6% |
| Other operating charges | 640/8 | €9,523 | €7,576 | -€1,947 | -20.4% |
| Gross operating margin | 9900 | €320,374 | €355,101 | +€34,727 | +10.8% |
| Operating profit (loss) | 9901 | €252,429 | €284,658 | +€32,229 | +12.8% |
| Financial income | 75/76B | €770,040 | €723,740 | -€46,300 | -6.0% |
| Recurring financial income | 75 | €770,040 | €723,740 | -€46,300 | -6.0% |
| Financial charges | 65/66B | €532,642 | €18,878 | -€513,764 | -96.5% |
| Recurring financial charges | 65 | €40,970 | €18,878 | -€22,093 | -53.9% |
| Non-recurring financial charges | 66B | €491,672 | €0 | -€491,672 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €489,827 | €989,521 | +€499,693 | +102.0% |
| Income taxes | 67/77 | €117,478 | €137,211 | +€19,733 | +16.8% |
| Profit (loss) for the period | 9904 | €372,349 | €852,310 | +€479,960 | +128.9% |
| Profit (loss) for the period to be appropriated | 9905 | €372,349 | €852,310 | +€479,960 | +128.9% |
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 12 October 2026 via checked.be.