SBO: 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.
SBO
Largest movements
- Cash +€32,152
up €32,152 (+114.6%), from €28,063 to €60,215
mainly Net result for the year (+€21,665) and Other debts (+€5,128)
- Tangible fixed assets -€2,374
down €2,374 (-26.8%), from €8,850 to €6,476
of which Furniture and vehicles: -€1,624
- Profit (loss) carried forward +€21,665
up €21,665 (+172.7%), from €12,543 to €34,207
- Other debts +€5,128
up €5,128 (+39.0%), from €13,164 to €18,292
- Tax, wage and social debts +€3,053
up €3,053 (+62.8%), from €4,865 to €7,918
- Gross operating margin +€11,437
up €11,437 (+54.4%), from €21,012 to €32,449
- Taxes +€2,243
up €2,243 (+60.7%), from €3,696 to €5,939
- Financial charges +€352
up €352 (+18.0%), from €1,959 to €2,311
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 | €49,719 | €79,936 | +€30,217 | +60.8% |
| Fixed assets | 21/28 | €8,850 | €6,476 | -€2,374 | -26.8% |
| Tangible fixed assets | 22/27 | €8,850 | €6,476 | -€2,374 | -26.8% |
| Furniture and vehicles | 24 | €6,066 | €4,442 | -€1,624 | -26.8% |
| Other tangible fixed assets | 26 | €2,784 | €2,034 | -€750 | -26.9% |
| Current assets | 29/58 | €40,869 | €73,460 | +€32,591 | +79.7% |
| Amounts receivable within one year | 40/41 | €12,806 | €13,245 | +€439 | +3.4% |
| Trade receivables | 40 | €12,806 | €13,245 | +€439 | +3.4% |
| Cash at bank and in hand | 54/58 | €28,063 | €60,215 | +€32,152 | +114.6% |
| Total equity and liabilities | 10/49 | €49,719 | €79,936 | +€30,217 | +60.8% |
| Equity | 10/15 | €30,832 | €52,496 | +€21,665 | +70.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,289 | €16,289 | = | 0.0% |
| Distributable reserves | 133 | €16,289 | €16,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,543 | €34,207 | +€21,665 | +172.7% |
| Amounts payable | 17/49 | €18,888 | €27,440 | +€8,552 | +45.3% |
| Amounts payable within one year | 42/48 | €18,029 | €26,326 | +€8,298 | +46.0% |
| Trade debts | 44 | €0 | €116 | +€116 | |
| Suppliers | 440/4 | €0 | €116 | +€116 | |
| Taxes, remuneration and social security | 45 | €4,865 | €7,918 | +€3,053 | +62.8% |
| Taxes | 450/3 | €4,865 | €7,918 | +€3,053 | +62.8% |
| Other amounts payable | 47/48 | €13,164 | €18,292 | +€5,128 | +39.0% |
| Accrued charges and deferred income | 492/3 | €859 | €1,114 | +€255 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,374 | €2,374 | = | 0.0% |
| Other operating charges | 640/8 | €600 | €462 | -€138 | -23.0% |
| Gross operating margin | 9900 | €21,012 | €32,449 | +€11,437 | +54.4% |
| Operating profit (loss) | 9901 | €18,038 | €29,614 | +€11,576 | +64.2% |
| Financial income | 75/76B | €160 | €301 | +€141 | +88.2% |
| Recurring financial income | 75 | €160 | €301 | +€141 | +88.2% |
| Financial charges | 65/66B | €1,959 | €2,311 | +€352 | +18.0% |
| Recurring financial charges | 65 | €1,959 | €2,311 | +€352 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €16,239 | €27,604 | +€11,365 | +70.0% |
| Income taxes | 67/77 | €3,696 | €5,939 | +€2,243 | +60.7% |
| Profit (loss) for the period | 9904 | €12,543 | €21,665 | +€9,122 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,543 | €21,665 | +€9,122 | +72.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.