SBO HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€13,100
down €13,100 (-97.0%), from €13,500 to €400
- Tangible fixed assets +€8,899
up €8,899 (+3.3%), from €268,166 to €277,066
of which Other tangible fixed assets: +€9,390
- Other debts +€6,629
up €6,629 (+50.6%), from €13,094 to €19,723
- Reserves -€4,300
down €4,300 (-9.8%), from €43,660 to €39,360
of which Distributable reserves: -€4,300
- Trade debts -€3,775
down €3,775 (-51.5%), from €7,335 to €3,561
- Gross operating margin -€3,660
down €3,660, from €506 to -€3,154
- Depreciation -€97
down €97 (-16.5%), from €587 to €490
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 | €299,583 | €296,793 | -€2,790 | -0.9% |
| Fixed assets | 21/28 | €268,166 | €277,066 | +€8,899 | +3.3% |
| Tangible fixed assets | 22/27 | €268,166 | €277,066 | +€8,899 | +3.3% |
| Furniture and vehicles | 24 | €903 | €413 | -€490 | -54.3% |
| Other tangible fixed assets | 26 | €267,263 | €276,653 | +€9,390 | +3.5% |
| Current assets | 29/58 | €31,417 | €19,728 | -€11,689 | -37.2% |
| Amounts receivable within one year | 40/41 | €13,500 | €400 | -€13,100 | -97.0% |
| Trade receivables | 40 | €13,500 | €400 | -€13,100 | -97.0% |
| Cash at bank and in hand | 54/58 | €17,917 | €19,328 | +€1,411 | +7.9% |
| Total equity and liabilities | 10/49 | €299,583 | €296,793 | -€2,790 | -0.9% |
| Equity | 10/15 | €62,343 | €57,967 | -€4,376 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,660 | €39,360 | -€4,300 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,800 | €37,500 | -€4,300 | -10.3% |
| Profit (loss) carried forward | 14 | €83 | €7 | -€76 | -91.9% |
| Amounts payable | 17/49 | €237,240 | €238,827 | +€1,586 | +0.7% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,240 | €38,827 | +€1,586 | +4.3% |
| Trade debts | 44 | €7,335 | €3,561 | -€3,775 | -51.5% |
| Suppliers | 440/4 | €7,335 | €3,561 | -€3,775 | -51.5% |
| Taxes, remuneration and social security | 45 | €16,811 | €15,544 | -€1,268 | -7.5% |
| Taxes | 450/3 | €10,311 | €13,544 | +€3,232 | +31.3% |
| Remuneration and social security | 454/9 | €6,500 | €2,000 | -€4,500 | -69.2% |
| Other amounts payable | 47/48 | €13,094 | €19,723 | +€6,629 | +50.6% |
| Non-recurring operating income | 76A | €9,390 | €9,390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | €490 | -€97 | -16.5% |
| Other operating charges | 640/8 | €509 | €512 | +€3 | +0.6% |
| Gross operating margin | 9900 | €506 | -€3,154 | -€3,660 | |
| Operating profit (loss) | 9901 | -€590 | -€4,156 | -€3,566 | -604% |
| Financial charges | 65/66B | €107 | €93 | -€14 | -12.9% |
| Recurring financial charges | 65 | €107 | €93 | -€14 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€697 | -€4,249 | -€3,552 | -509% |
| Income taxes | 67/77 | €111 | €127 | +€16 | +13.9% |
| Profit (loss) for the period | 9904 | -€809 | -€4,376 | -€3,568 | -441% |
| Profit (loss) for the period to be appropriated | 9905 | -€809 | -€4,376 | -€3,568 | -441% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.