SBO ENGINEERING: 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.
SBO ENGINEERING
Largest movements
- Receivables after one year +€34,595
new in 2025: €34,595
- Receivables within one year -€27,242
down €27,242 (-62.3%), from €43,696 to €16,454
of which Trade receivables: -€21,479
- Cash -€23,487
down €23,487 (-19.6%), from €119,618 to €96,131
mainly Receivables after one year (-€34,595) and Tax, wage and social debts (-€12,385)
- Current investments +€3,500
new in 2025: €3,500
- Tax, wage and social debts -€12,385
down €12,385 (-79.8%), from €15,520 to €3,134
- Other debts -€10,737
no longer reported in 2025 (was €10,737)
- Reserves +€8,082
up €8,082 (+5.8%), from €139,512 to €147,594
- Gross operating margin -€127,823
down €127,823 (-90.5%), from €141,296 to €13,473
- Taxes -€36,592
down €36,592 (-92.1%), from €39,726 to €3,134
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 | €169,720 | €155,453 | -€14,268 | -8.4% |
| Fixed assets | 21/28 | €6,406 | €4,773 | -€1,634 | -25.5% |
| Tangible fixed assets | 22/27 | €6,406 | €4,773 | -€1,634 | -25.5% |
| Furniture and vehicles | 24 | €6,406 | €4,773 | -€1,634 | -25.5% |
| Current assets | 29/58 | €163,314 | €150,680 | -€12,634 | -7.7% |
| Amounts receivable after more than one year | 29 | - | €34,595 | +€34,595 | |
| Other amounts receivable | 291 | - | €34,595 | +€34,595 | |
| Amounts receivable within one year | 40/41 | €43,696 | €16,454 | -€27,242 | -62.3% |
| Trade receivables | 40 | €37,360 | €15,881 | -€21,479 | -57.5% |
| Other amounts receivable | 41 | €6,335 | €573 | -€5,763 | -91.0% |
| Current investments | 50/53 | - | €3,500 | +€3,500 | |
| Cash at bank and in hand | 54/58 | €119,618 | €96,131 | -€23,487 | -19.6% |
| Total equity and liabilities | 10/49 | €169,720 | €155,453 | -€14,268 | -8.4% |
| Equity | 10/15 | €141,512 | €149,594 | +€8,082 | +5.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €139,512 | €147,594 | +€8,082 | +5.8% |
| Distributable reserves | 133 | €139,512 | €147,594 | +€8,082 | +5.8% |
| Amounts payable | 17/49 | €28,209 | €5,859 | -€22,350 | -79.2% |
| Amounts payable within one year | 42/48 | €28,209 | €5,859 | -€22,350 | -79.2% |
| Trade debts | 44 | €1,953 | €2,725 | +€772 | +39.5% |
| Suppliers | 440/4 | €1,953 | €2,725 | +€772 | +39.5% |
| Taxes, remuneration and social security | 45 | €15,520 | €3,134 | -€12,385 | -79.8% |
| Taxes | 450/3 | €15,520 | €3,134 | -€12,385 | -79.8% |
| Other amounts payable | 47/48 | €10,737 | - | -€10,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,305 | €2,549 | +€244 | +10.6% |
| Other operating charges | 640/8 | €481 | €284 | -€197 | -41.0% |
| Gross operating margin | 9900 | €141,296 | €13,473 | -€127,823 | -90.5% |
| Operating profit (loss) | 9901 | €138,511 | €10,640 | -€127,870 | -92.3% |
| Financial income | 75/76B | €85 | €646 | +€561 | +661% |
| Recurring financial income | 75 | €85 | €646 | +€561 | +661% |
| Financial charges | 65/66B | €362 | €70 | -€291 | -80.5% |
| Recurring financial charges | 65 | €362 | €70 | -€291 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €138,234 | €11,216 | -€127,017 | -91.9% |
| Income taxes | 67/77 | €39,726 | €3,134 | -€36,592 | -92.1% |
| Profit (loss) for the period | 9904 | €98,508 | €8,082 | -€90,426 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,508 | €8,082 | -€90,426 | -91.8% |
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 16 October 2026 via checked.be.