SBN: 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.
SBN
Largest movements
- Tangible fixed assets -€42,776
down €42,776 (-87.7%), from €48,751 to €5,975
of which Furniture and vehicles: -€42,254
- Receivables within one year +€10,400
up €10,400 (+49.0%), from €21,235 to €31,635
of which Trade receivables: +€20,853
- Deferred charges and accrued income -€7,077
down €7,077 (-23.1%), from €30,604 to €23,527
- Cash +€2,787
up €2,787 (+1,037%), from €269 to €3,055
mainly Investment in fixed assets (net) (+€40,924) and Advances received (+€26,000)
- Debts after one year -€34,161
no longer reported in 2025 (was €34,161)
- Advances received +€26,000
new in 2025: €26,000
- Profit (loss) carried forward -€13,774
new in 2025: -€13,774
- Current portion of long-term debt -€10,439
no longer reported in 2025 (was €10,439)
- Trade debts -€5,061
down €5,061 (-98.8%), from €5,124 to €63
- Gross operating margin -€33,877
down €33,877, from €31,022 to -€2,855
- Taxes -€7,119
no longer reported in 2025 (was €7,119)
- Financial charges +€3,579
up €3,579 (+180%), from €1,987 to €5,566
- Other operating charges +€2,255
up €2,255 (+189%), from €1,190 to €3,445
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 | €100,914 | €64,192 | -€36,722 | -36.4% |
| Fixed assets | 21/28 | €48,807 | €5,975 | -€42,831 | -87.8% |
| Tangible fixed assets | 22/27 | €48,751 | €5,975 | -€42,776 | -87.7% |
| Plant, machinery and equipment | 23 | €1,725 | €1,203 | -€521 | -30.2% |
| Furniture and vehicles | 24 | €47,026 | €4,772 | -€42,254 | -89.9% |
| Financial fixed assets | 28 | €56 | - | -€56 | |
| Current assets | 29/58 | €52,107 | €58,217 | +€6,110 | +11.7% |
| Amounts receivable within one year | 40/41 | €21,235 | €31,635 | +€10,400 | +49.0% |
| Trade receivables | 40 | €10,607 | €31,460 | +€20,853 | +197% |
| Other amounts receivable | 41 | €10,628 | €175 | -€10,453 | -98.4% |
| Cash at bank and in hand | 54/58 | €269 | €3,055 | +€2,787 | +1,037% |
| Deferred charges and accrued income | 490/1 | €30,604 | €23,527 | -€7,077 | -23.1% |
| Total equity and liabilities | 10/49 | €100,914 | €64,192 | -€36,722 | -36.4% |
| Equity | 10/15 | €20,961 | €7,187 | -€13,774 | -65.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,961 | €18,961 | = | 0.0% |
| Distributable reserves | 133 | €18,961 | €18,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,774 | -€13,774 | |
| Amounts payable | 17/49 | €79,953 | €57,005 | -€22,947 | -28.7% |
| Amounts payable after more than one year | 17 | €34,161 | - | -€34,161 | |
| Financial debts | 170/4 | €34,161 | - | -€34,161 | |
| Amounts payable within one year | 42/48 | €45,792 | €57,005 | +€11,213 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €10,439 | - | -€10,439 | |
| Trade debts | 44 | €5,124 | €63 | -€5,061 | -98.8% |
| Suppliers | 440/4 | €5,124 | €63 | -€5,061 | -98.8% |
| Advances received on contracts in progress | 46 | - | €26,000 | +€26,000 | |
| Taxes, remuneration and social security | 45 | €7,119 | €11,704 | +€4,585 | +64.4% |
| Taxes | 450/3 | €7,119 | €11,704 | +€4,585 | +64.4% |
| Other amounts payable | 47/48 | €23,109 | €19,238 | -€3,870 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €1,908 | +€143 | +8.1% |
| Other operating charges | 640/8 | €1,190 | €3,445 | +€2,255 | +189% |
| Gross operating margin | 9900 | €31,022 | -€2,855 | -€33,877 | |
| Operating profit (loss) | 9901 | €28,067 | -€8,208 | -€36,276 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -20.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -20.0% |
| Financial charges | 65/66B | €1,987 | €5,566 | +€3,579 | +180% |
| Recurring financial charges | 65 | €1,987 | €5,566 | +€3,579 | +180% |
| Profit (loss) for the period before taxes | 9903 | €26,081 | -€13,774 | -€39,855 | |
| Income taxes | 67/77 | €7,119 | - | -€7,119 | |
| Profit (loss) for the period | 9904 | €18,961 | -€13,774 | -€32,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,961 | -€13,774 | -€32,735 |
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 13 October 2026 via checked.be.