SBR EXPRESS: 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.
SBR EXPRESS
Largest movements
- Receivables within one year +€40,217
up €40,217 (+196%), from €20,517 to €60,734
of which Trade receivables: +€44,169
- Tangible fixed assets -€2,582
down €2,582 (-13.4%), from €19,198 to €16,617
- Trade debts +€40,976
up €40,976 (+252%), from €16,258 to €57,235
- Profit (loss) carried forward +€4,317
up €4,317 (+18.1%), from €23,897 to €28,214
- Tax, wage and social debts -€3,210
down €3,210 (-33.3%), from €9,648 to €6,438
of which Taxes: -€6,601
- Other debts -€2,947
down €2,947 (-91.7%), from €3,213 to €266
- Staff costs +€11,173
up €11,173 (+72.8%), from €15,357 to €26,530
- Gross operating margin +€7,844
up €7,844 (+23.8%), from €32,910 to €40,754
- Taxes +€5,877
new in 2025: €5,877
- Other operating charges -€851
down €851 (-41.4%), from €2,055 to €1,204
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 | €69,149 | €108,285 | +€39,136 | +56.6% |
| Fixed assets | 21/28 | €31,821 | €29,239 | -€2,582 | -8.1% |
| Tangible fixed assets | 22/27 | €19,198 | €16,617 | -€2,582 | -13.4% |
| Other tangible fixed assets | 26 | €19,198 | €16,617 | -€2,582 | -13.4% |
| Financial fixed assets | 28 | €12,623 | €12,623 | = | 0.0% |
| Current assets | 29/58 | €37,328 | €79,046 | +€41,718 | +112% |
| Stocks and contracts in progress | 3 | €2,923 | €3,950 | +€1,027 | +35.1% |
| Stocks | 30/36 | €2,923 | €3,950 | +€1,027 | +35.1% |
| Amounts receivable within one year | 40/41 | €20,517 | €60,734 | +€40,217 | +196% |
| Trade receivables | 40 | €10,547 | €54,716 | +€44,169 | +419% |
| Other amounts receivable | 41 | €9,970 | €6,018 | -€3,952 | -39.6% |
| Cash at bank and in hand | 54/58 | €13,888 | €14,362 | +€474 | +3.4% |
| Total equity and liabilities | 10/49 | €69,149 | €108,285 | +€39,136 | +56.6% |
| Equity | 10/15 | €32,747 | €37,064 | +€4,317 | +13.2% |
| Contributions | 10/11 | €6,990 | €6,990 | = | 0.0% |
| Contributions outside capital | 11 | €6,990 | - | -€6,990 | |
| Other | 1109/19 | €6,990 | - | -€6,990 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €23,897 | €28,214 | +€4,317 | +18.1% |
| Amounts payable | 17/49 | €36,402 | €71,221 | +€34,819 | +95.7% |
| Amounts payable within one year | 42/48 | €36,402 | €71,221 | +€34,819 | +95.7% |
| Trade debts | 44 | €16,258 | €57,235 | +€40,976 | +252% |
| Suppliers | 440/4 | €16,258 | €57,235 | +€40,976 | +252% |
| Advances received on contracts in progress | 46 | €7,282 | €7,282 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,648 | €6,438 | -€3,210 | -33.3% |
| Taxes | 450/3 | €9,648 | €3,048 | -€6,601 | -68.4% |
| Remuneration and social security | 454/9 | - | €3,390 | +€3,390 | |
| Other amounts payable | 47/48 | €3,213 | €266 | -€2,947 | -91.7% |
| Remuneration, social security and pensions | 62 | €15,357 | €26,530 | +€11,173 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,582 | €2,582 | = | 0.0% |
| Other operating charges | 640/8 | €2,055 | €1,204 | -€851 | -41.4% |
| Gross operating margin | 9900 | €32,910 | €40,754 | +€7,844 | +23.8% |
| Operating profit (loss) | 9901 | €12,916 | €10,439 | -€2,477 | -19.2% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €178 | €245 | +€67 | +37.4% |
| Recurring financial charges | 65 | €178 | €245 | +€67 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €12,750 | €10,194 | -€2,556 | -20.0% |
| Income taxes | 67/77 | - | €5,877 | +€5,877 | |
| Profit (loss) for the period | 9904 | €12,750 | €4,317 | -€8,433 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,750 | €4,317 | -€8,433 | -66.1% |
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 22 October 2026 via checked.be.