SBR-ELECTRONICS: 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.
SBR-ELECTRONICS
Largest movements
- Tangible fixed assets +€259,878
up €259,878 (+112.2%), from €231,556 to €491,435
of which Land and buildings: +€256,684
- Receivables within one year +€215,322
up €215,322 (+137.0%), from €157,214 to €372,536
of which Other amounts receivable: +€282,216
- Debts after one year +€513,418
up €513,418 (+354.0%), from €145,030 to €658,448
- Other debts +€37,701
up €37,701 (+62.1%), from €60,719 to €98,419
- Advances received -€29,028
down €29,028 (-100.0%), from €29,028 to €0
- Trade debts -€25,466
down €25,466 (-40.6%), from €62,702 to €37,236
- Depreciation +€16,832
up €16,832 (+68.2%), from €24,678 to €41,511
- Gross operating margin -€12,533
down €12,533 (-17.7%), from €70,977 to €58,444
- Staff costs +€10,244
new in 2025: €10,244
- Taxes -€8,825
down €8,825 (-98.1%), from €9,000 to €175
- Financial charges +€2,736
up €2,736 (+34.6%), from €7,913 to €10,648
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 | €423,329 | €899,178 | +€475,850 | +112.4% |
| Fixed assets | 21/28 | €243,165 | €502,647 | +€259,482 | +106.7% |
| Intangible fixed assets | 21 | €5,109 | €3,213 | -€1,897 | -37.1% |
| Tangible fixed assets | 22/27 | €231,556 | €491,435 | +€259,878 | +112.2% |
| Land and buildings | 22 | €217,955 | €474,639 | +€256,684 | +117.8% |
| Plant, machinery and equipment | 23 | €2,930 | €12,442 | +€9,512 | +324.7% |
| Furniture and vehicles | 24 | €3,400 | €2,623 | -€777 | -22.9% |
| Leasing and similar rights | 25 | €7,272 | €1,731 | -€5,541 | -76.2% |
| Financial fixed assets | 28 | €6,500 | €8,000 | +€1,500 | +23.1% |
| Current assets | 29/58 | €180,163 | €396,531 | +€216,368 | +120.1% |
| Stocks and contracts in progress | 3 | €20,910 | €19,958 | -€953 | -4.6% |
| Stocks | 30/36 | €20,910 | €19,958 | -€953 | -4.6% |
| Amounts receivable within one year | 40/41 | €157,214 | €372,536 | +€215,322 | +137.0% |
| Trade receivables | 40 | €146,930 | €80,036 | -€66,894 | -45.5% |
| Other amounts receivable | 41 | €10,284 | €292,500 | +€282,216 | +2744.2% |
| Cash at bank and in hand | 54/58 | €0 | €772 | +€772 | |
| Deferred charges and accrued income | 490/1 | €2,039 | €3,266 | +€1,227 | +60.2% |
| Total equity and liabilities | 10/49 | €423,329 | €899,178 | +€475,850 | +112.4% |
| Equity | 10/15 | €92,477 | €85,098 | -€7,379 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,877 | €66,498 | -€7,379 | -10.0% |
| Distributable reserves | 133 | €73,877 | €66,498 | -€7,379 | -10.0% |
| Amounts payable | 17/49 | €330,851 | €814,080 | +€483,228 | +146.1% |
| Amounts payable after more than one year | 17 | €145,030 | €658,448 | +€513,418 | +354.0% |
| Financial debts | 170/4 | €145,030 | €658,448 | +€513,418 | +354.0% |
| Amounts payable within one year | 42/48 | €185,821 | €155,632 | -€30,190 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €20,353 | €16,104 | -€4,248 | -20.9% |
| Financial debts | 43 | €2,605 | €0 | -€2,605 | -100.0% |
| Credit institutions | 430/8 | €2,605 | €0 | -€2,605 | -100.0% |
| Trade debts | 44 | €62,702 | €37,236 | -€25,466 | -40.6% |
| Suppliers | 440/4 | €62,702 | €37,236 | -€25,466 | -40.6% |
| Advances received on contracts in progress | 46 | €29,028 | €0 | -€29,028 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,415 | €3,872 | -€6,543 | -62.8% |
| Taxes | 450/3 | €10,415 | €1,304 | -€9,111 | -87.5% |
| Remuneration and social security | 454/9 | - | €2,568 | +€2,568 | |
| Other amounts payable | 47/48 | €60,719 | €98,419 | +€37,701 | +62.1% |
| Remuneration, social security and pensions | 62 | - | €10,244 | +€10,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,678 | €41,511 | +€16,832 | +68.2% |
| Other operating charges | 640/8 | €1,355 | €3,617 | +€2,262 | +167.0% |
| Gross operating margin | 9900 | €70,977 | €58,444 | -€12,533 | -17.7% |
| Operating profit (loss) | 9901 | €44,944 | €3,072 | -€41,872 | -93.2% |
| Financial income | 75/76B | €730 | €372 | -€357 | -49.0% |
| Recurring financial income | 75 | €730 | €372 | -€357 | -49.0% |
| Financial charges | 65/66B | €7,913 | €10,648 | +€2,736 | +34.6% |
| Recurring financial charges | 65 | €7,913 | €10,648 | +€2,736 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €37,761 | -€7,204 | -€44,965 | |
| Income taxes | 67/77 | €9,000 | €175 | -€8,825 | -98.1% |
| Profit (loss) for the period | 9904 | €28,761 | -€7,379 | -€36,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,761 | -€7,379 | -€36,140 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.