SBP: 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.
SBP
Largest movements
- Stocks and contracts +€22,834
up €22,834 (+43.5%), from €52,527 to €75,361
- Cash +€2,378
up €2,378 (+71.9%), from €3,306 to €5,683
mainly Trade debts (+€63,861)
- Receivables within one year +€1,114
up €1,114 (+152.1%), from €733 to €1,847
- Trade debts +€63,861
up €63,861 (+26458.8%), from €241 to €64,102
- Other debts -€25,825
down €25,825 (-69.2%), from €37,295 to €11,470
- Profit (loss) carried forward -€11,710
down €11,710, from €131 to -€11,578
- Gross operating margin +€8,339
up €8,339 (+56.5%), from -€14,753 to -€6,413
- Financial charges +€1,194
up €1,194 (+68.6%), from €1,741 to €2,935
- Other operating charges +€923
up €923 (+109.9%), from €840 to €1,763
- Taxes +€598
new in 2025: €598
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 | €56,715 | €83,042 | +€26,326 | +46.4% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €56,565 | €82,892 | +€26,326 | +46.5% |
| Stocks and contracts in progress | 3 | €52,527 | €75,361 | +€22,834 | +43.5% |
| Stocks | 30/36 | €52,527 | €75,361 | +€22,834 | +43.5% |
| Amounts receivable within one year | 40/41 | €733 | €1,847 | +€1,114 | +152.1% |
| Other amounts receivable | 41 | €733 | €1,847 | +€1,114 | +152.1% |
| Cash at bank and in hand | 54/58 | €3,306 | €5,683 | +€2,378 | +71.9% |
| Total equity and liabilities | 10/49 | €56,715 | €83,042 | +€26,326 | +46.4% |
| Equity | 10/15 | €19,179 | €7,469 | -€11,710 | -61.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €447 | €447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €447 | €447 | = | 0.0% |
| Reserves not available under the articles | 1311 | €447 | €447 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131 | -€11,578 | -€11,710 | |
| Amounts payable | 17/49 | €37,536 | €75,572 | +€38,036 | +101.3% |
| Amounts payable within one year | 42/48 | €37,536 | €75,572 | +€38,036 | +101.3% |
| Trade debts | 44 | €241 | €64,102 | +€63,861 | +26458.8% |
| Suppliers | 440/4 | €241 | €64,102 | +€63,861 | +26458.8% |
| Other amounts payable | 47/48 | €37,295 | €11,470 | -€25,825 | -69.2% |
| Other operating charges | 640/8 | €840 | €1,763 | +€923 | +109.9% |
| Gross operating margin | 9900 | -€14,753 | -€6,413 | +€8,339 | +56.5% |
| Operating profit (loss) | 9901 | -€15,593 | -€8,176 | +€7,416 | +47.6% |
| Financial charges | 65/66B | €1,741 | €2,935 | +€1,194 | +68.6% |
| Recurring financial charges | 65 | €1,741 | €2,935 | +€1,194 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,334 | -€11,111 | +€6,222 | +35.9% |
| Income taxes | 67/77 | - | €598 | +€598 | |
| Profit (loss) for the period | 9904 | -€17,334 | -€11,710 | +€5,624 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,334 | -€11,710 | +€5,624 | +32.4% |
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 7 October 2026 via checked.be.