SbrConnect: 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.
SbrConnect
Largest movements
- Receivables within one year +€61,650
up €61,650 (+326.4%), from €18,887 to €80,537
of which Trade receivables: +€60,054
- Tangible fixed assets +€45,819
up €45,819 (+289.8%), from €15,811 to €61,630
of which Furniture and vehicles: +€48,630
- Cash +€5,681
up €5,681 (+63.4%), from €8,956 to €14,637
mainly Trade debts (+€69,143) and Debts after one year (+€32,582)
- Deferred charges and accrued income -€2,460
down €2,460 (-96.4%), from €2,553 to €93
- Trade debts +€69,143
up €69,143 (+1802.1%), from €3,837 to €72,980
- Debts after one year +€32,582
new in 2025: €32,582
- Current portion of long-term debt +€8,991
new in 2025: €8,991
- Tax, wage and social debts -€4,070
down €4,070 (-43.0%), from €9,476 to €5,406
- Other debts +€2,793
up €2,793 (+22.4%), from €12,456 to €15,248
- Gross operating margin +€10,143
up €10,143 (+163.7%), from €6,198 to €16,341
- Depreciation +€8,002
up €8,002 (+242.4%), from €3,301 to €11,304
- Financial charges +€2,310
up €2,310 (+556.3%), from €415 to €2,726
- Taxes +€316
up €316 (+28.3%), from €1,115 to €1,431
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 | €46,236 | €156,927 | +€110,690 | +239.4% |
| Fixed assets | 21/28 | €15,841 | €61,660 | +€45,819 | +289.2% |
| Tangible fixed assets | 22/27 | €15,811 | €61,630 | +€45,819 | +289.8% |
| Land and buildings | 22 | €4,420 | €3,725 | -€695 | -15.7% |
| Plant, machinery and equipment | 23 | €1,560 | €561 | -€999 | -64.0% |
| Furniture and vehicles | 24 | €1,769 | €50,399 | +€48,630 | +2748.5% |
| Other tangible fixed assets | 26 | €8,061 | €6,945 | -€1,117 | -13.9% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €30,396 | €95,267 | +€64,872 | +213.4% |
| Amounts receivable within one year | 40/41 | €18,887 | €80,537 | +€61,650 | +326.4% |
| Trade receivables | 40 | €18,887 | €78,941 | +€60,054 | +318.0% |
| Other amounts receivable | 41 | - | €1,596 | +€1,596 | |
| Cash at bank and in hand | 54/58 | €8,956 | €14,637 | +€5,681 | +63.4% |
| Deferred charges and accrued income | 490/1 | €2,553 | €93 | -€2,460 | -96.4% |
| Total equity and liabilities | 10/49 | €46,236 | €156,927 | +€110,690 | +239.4% |
| Equity | 10/15 | €20,190 | €20,372 | +€182 | +0.9% |
| Contributions | 10/11 | €6,026 | €6,026 | = | 0.0% |
| Reserves | 13 | €14,164 | €14,164 | = | 0.0% |
| Distributable reserves | 133 | €14,164 | €14,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €182 | +€182 | |
| Amounts payable | 17/49 | €26,046 | €136,554 | +€110,508 | +424.3% |
| Amounts payable after more than one year | 17 | - | €32,582 | +€32,582 | |
| Financial debts | 170/4 | - | €32,582 | +€32,582 | |
| Amounts payable within one year | 42/48 | €25,769 | €102,626 | +€76,857 | +298.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,991 | +€8,991 | |
| Trade debts | 44 | €3,837 | €72,980 | +€69,143 | +1802.1% |
| Suppliers | 440/4 | €3,837 | €72,980 | +€69,143 | +1802.1% |
| Taxes, remuneration and social security | 45 | €9,476 | €5,406 | -€4,070 | -43.0% |
| Taxes | 450/3 | €9,476 | €5,406 | -€4,070 | -43.0% |
| Other amounts payable | 47/48 | €12,456 | €15,248 | +€2,793 | +22.4% |
| Accrued charges and deferred income | 492/3 | €277 | €1,347 | +€1,069 | +385.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,301 | €11,304 | +€8,002 | +242.4% |
| Other operating charges | 640/8 | €599 | €706 | +€106 | +17.8% |
| Gross operating margin | 9900 | €6,198 | €16,341 | +€10,143 | +163.7% |
| Operating profit (loss) | 9901 | €2,297 | €4,331 | +€2,034 | +88.6% |
| Financial income | 75/76B | €3 | €8 | +€5 | +166.0% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +166.0% |
| Financial charges | 65/66B | €415 | €2,726 | +€2,310 | +556.3% |
| Recurring financial charges | 65 | €415 | €2,726 | +€2,310 | +556.3% |
| Profit (loss) for the period before taxes | 9903 | €1,884 | €1,613 | -€271 | -14.4% |
| Income taxes | 67/77 | €1,115 | €1,431 | +€316 | +28.3% |
| Profit (loss) for the period | 9904 | €769 | €182 | -€587 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €769 | €182 | -€587 | -76.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.