SBO²: 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.
SBO²
Largest movements
- Tangible fixed assets +€17,717
up €17,717 (+75.6%), from €23,449 to €41,166
of which Furniture and vehicles: +€26,294
- Cash -€15,525
down €15,525 (-47.3%), from €32,811 to €17,286
mainly Investment in fixed assets (net) (-€32,579) and Receivables within one year (-€10,271)
- Receivables within one year +€10,271
up €10,271 (+65.0%), from €15,798 to €26,069
of which Trade receivables: +€8,451
- Deferred charges and accrued income -€1,725
down €1,725 (-51.0%), from €3,386 to €1,661
- Reserves +€30,162
up €30,162 (+80.1%), from €37,670 to €67,832
- Trade debts -€8,668
down €8,668 (-97.4%), from €8,902 to €234
- Debts after one year -€6,613
down €6,613 (-80.5%), from €8,211 to €1,598
- Other debts -€3,281
down €3,281 (-100%), from €3,281 to €0
- Current portion of long-term debt -€1,205
down €1,205 (-15.4%), from €7,817 to €6,613
- Gross operating margin +€30,074
up €30,074 (+112%), from €26,894 to €56,968
- Taxes +€4,837
up €4,837 (+123%), from €3,949 to €8,786
- Depreciation +€4,616
up €4,616 (+41.8%), from €11,047 to €15,663
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 | €84,819 | €94,463 | +€9,644 | +11.4% |
| Fixed assets | 21/28 | €26,825 | €43,740 | +€16,915 | +63.1% |
| Intangible fixed assets | 21 | €3,376 | €2,574 | -€802 | -23.7% |
| Tangible fixed assets | 22/27 | €23,449 | €41,166 | +€17,717 | +75.6% |
| Land and buildings | 22 | - | €2,178 | +€2,178 | |
| Plant, machinery and equipment | 23 | €8,334 | €5,571 | -€2,763 | -33.2% |
| Furniture and vehicles | 24 | €489 | €26,783 | +€26,294 | +5,376% |
| Leasing and similar rights | 25 | €14,626 | €6,634 | -€7,992 | -54.6% |
| Current assets | 29/58 | €57,994 | €50,723 | -€7,271 | -12.5% |
| Stocks and contracts in progress | 3 | €6,000 | €5,707 | -€293 | -4.9% |
| Stocks | 30/36 | €6,000 | €5,707 | -€293 | -4.9% |
| Amounts receivable within one year | 40/41 | €15,798 | €26,069 | +€10,271 | +65.0% |
| Trade receivables | 40 | €15,540 | €23,991 | +€8,451 | +54.4% |
| Other amounts receivable | 41 | €257 | €2,078 | +€1,821 | +708% |
| Cash at bank and in hand | 54/58 | €32,811 | €17,286 | -€15,525 | -47.3% |
| Deferred charges and accrued income | 490/1 | €3,386 | €1,661 | -€1,725 | -51.0% |
| Total equity and liabilities | 10/49 | €84,819 | €94,463 | +€9,644 | +11.4% |
| Equity | 10/15 | €47,670 | €77,832 | +€30,162 | +63.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,670 | €67,832 | +€30,162 | +80.1% |
| Distributable reserves | 133 | €37,670 | €67,832 | +€30,162 | +80.1% |
| Amounts payable | 17/49 | €37,148 | €16,630 | -€20,518 | -55.2% |
| Amounts payable after more than one year | 17 | €8,211 | €1,598 | -€6,613 | -80.5% |
| Financial debts | 170/4 | €8,211 | €1,598 | -€6,613 | -80.5% |
| Amounts payable within one year | 42/48 | €28,937 | €15,032 | -€13,905 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €7,817 | €6,613 | -€1,205 | -15.4% |
| Trade debts | 44 | €8,902 | €234 | -€8,668 | -97.4% |
| Suppliers | 440/4 | €8,902 | €234 | -€8,668 | -97.4% |
| Taxes, remuneration and social security | 45 | €8,937 | €8,186 | -€751 | -8.4% |
| Taxes | 450/3 | €8,937 | €8,186 | -€751 | -8.4% |
| Other amounts payable | 47/48 | €3,281 | €0 | -€3,281 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,047 | €15,663 | +€4,616 | +41.8% |
| Other operating charges | 640/8 | €2,215 | €2,087 | -€128 | -5.8% |
| Gross operating margin | 9900 | €26,894 | €56,968 | +€30,074 | +112% |
| Operating profit (loss) | 9901 | €13,632 | €39,218 | +€25,586 | +188% |
| Financial income | 75/76B | €31 | €25 | -€6 | -18.9% |
| Recurring financial income | 75 | €31 | €25 | -€6 | -18.9% |
| Financial charges | 65/66B | €463 | €295 | -€168 | -36.4% |
| Recurring financial charges | 65 | €463 | €295 | -€168 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €13,199 | €38,948 | +€25,749 | +195% |
| Income taxes | 67/77 | €3,949 | €8,786 | +€4,837 | +123% |
| Profit (loss) for the period | 9904 | €9,251 | €30,162 | +€20,911 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €9,251 | €30,162 | +€20,911 | +226% |
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 29 October 2026 via checked.be.