SBPS: 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.
SBPS
Largest movements
- Cash +€18,563
up €18,563 (+118.4%), from €15,672 to €34,235
mainly Depreciation (+€41,181) and Net result for the year (+€36,329)
- Receivables within one year +€8,990
up €8,990 (+144.9%), from €6,206 to €15,196
of which Trade receivables: +€8,690
- Tangible fixed assets +€7,030
up €7,030 (+2.1%), from €342,261 to €349,291
of which Land and buildings: +€26,906
- Stocks and contracts +€4,498
up €4,498 (+13.9%), from €32,371 to €36,869
- Profit (loss) carried forward +€36,329
up €36,329, from -€12,302 to €24,028
- Other debts -€31,305
down €31,305 (-21.3%), from €146,703 to €115,397
- Tax, wage and social debts +€15,863
up €15,863 (+116.4%), from €13,633 to €29,496
of which Taxes: +€17,958
- Debts after one year +€13,403
up €13,403 (+24.0%), from €55,882 to €69,285
- Staff costs -€33,528
down €33,528, from €31,857 to -€1,671
- Gross operating margin -€22,854
down €22,854 (-17.7%), from €128,968 to €106,114
- Taxes +€4,635
up €4,635 (+45.3%), from €10,225 to €14,860
- Depreciation +€4,548
up €4,548 (+12.4%), from €36,633 to €41,181
- Other operating charges -€4,059
down €4,059 (-44.1%), from €9,194 to €5,135
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 | €400,633 | €441,294 | +€40,661 | +10.1% |
| Fixed assets | 21/28 | €345,453 | €354,138 | +€8,685 | +2.5% |
| Tangible fixed assets | 22/27 | €342,261 | €349,291 | +€7,030 | +2.1% |
| Land and buildings | 22 | €237,607 | €264,513 | +€26,906 | +11.3% |
| Plant, machinery and equipment | 23 | €26,777 | €22,185 | -€4,591 | -17.1% |
| Furniture and vehicles | 24 | €77,877 | €62,593 | -€15,284 | -19.6% |
| Financial fixed assets | 28 | €3,192 | €4,847 | +€1,655 | +51.8% |
| Current assets | 29/58 | €55,180 | €87,155 | +€31,976 | +57.9% |
| Stocks and contracts in progress | 3 | €32,371 | €36,869 | +€4,498 | +13.9% |
| Stocks | 30/36 | €32,371 | €36,869 | +€4,498 | +13.9% |
| Amounts receivable within one year | 40/41 | €6,206 | €15,196 | +€8,990 | +144.9% |
| Trade receivables | 40 | €5,384 | €14,074 | +€8,690 | +161.4% |
| Other amounts receivable | 41 | €823 | €1,123 | +€300 | +36.4% |
| Cash at bank and in hand | 54/58 | €15,672 | €34,235 | +€18,563 | +118.4% |
| Deferred charges and accrued income | 490/1 | €931 | €855 | -€76 | -8.1% |
| Total equity and liabilities | 10/49 | €400,633 | €441,294 | +€40,661 | +10.1% |
| Equity | 10/15 | €111,158 | €147,488 | +€36,329 | +32.7% |
| Contributions | 10/11 | €121,600 | €121,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,302 | €24,028 | +€36,329 | |
| Amounts payable | 17/49 | €289,475 | €293,806 | +€4,331 | +1.5% |
| Amounts payable after more than one year | 17 | €55,882 | €69,285 | +€13,403 | +24.0% |
| Financial debts | 170/4 | €55,882 | €69,285 | +€13,403 | +24.0% |
| Amounts payable within one year | 42/48 | €233,593 | €224,456 | -€9,137 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €29,206 | €31,123 | +€1,918 | +6.6% |
| Financial debts | 43 | €10,139 | €11,647 | +€1,508 | +14.9% |
| Credit institutions | 430/8 | €10,139 | €11,647 | +€1,508 | +14.9% |
| Trade debts | 44 | €33,801 | €36,792 | +€2,991 | +8.9% |
| Suppliers | 440/4 | €33,801 | €36,792 | +€2,991 | +8.9% |
| Advances received on contracts in progress | 46 | €112 | - | -€112 | |
| Taxes, remuneration and social security | 45 | €13,633 | €29,496 | +€15,863 | +116.4% |
| Taxes | 450/3 | €11,538 | €29,496 | +€17,958 | +155.6% |
| Remuneration and social security | 454/9 | €2,095 | - | -€2,095 | |
| Other amounts payable | 47/48 | €146,703 | €115,397 | -€31,305 | -21.3% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Non-recurring operating income | 76A | €1,274 | - | -€1,274 | |
| Remuneration, social security and pensions | 62 | €31,857 | -€1,671 | -€33,528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,633 | €41,181 | +€4,548 | +12.4% |
| Other operating charges | 640/8 | €9,194 | €5,135 | -€4,059 | -44.1% |
| Gross operating margin | 9900 | €128,968 | €106,114 | -€22,854 | -17.7% |
| Operating profit (loss) | 9901 | €51,284 | €61,469 | +€10,185 | +19.9% |
| Financial income | 75/76B | €596 | €774 | +€178 | +29.9% |
| Recurring financial income | 75 | €596 | €774 | +€178 | +29.9% |
| Financial charges | 65/66B | €10,118 | €11,053 | +€935 | +9.2% |
| Recurring financial charges | 65 | €10,118 | €11,053 | +€935 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €41,762 | €51,190 | +€9,428 | +22.6% |
| Income taxes | 67/77 | €10,225 | €14,860 | +€4,635 | +45.3% |
| Profit (loss) for the period | 9904 | €31,537 | €36,329 | +€4,793 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,537 | €36,329 | +€4,793 | +15.2% |
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 30 September 2026 via checked.be.