SBS: 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.
What changed
SBS
NACE 78.100, Employment placement agencies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€559,691
2023 · €2.1m-€1.6m
Equity
€7.6m
2023 · €7.1m+€559,691
Cash
€1.5m
2023 · €1.6m-€77,541
Balance sheet total
€11.7m
2023 · €12.0m-€301,087
Largest movements
Assets
- Deferred charges and accrued income -€169,273
down €169,273 (-44.3%), from €381,777 to €212,504
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-64.6%), from €2.0m to €690,786
- Accrued charges and deferred income +€754,471
up €754,471 (+187.2%), from €403,000 to €1.2m
- Reserves +€598,040
up €598,040 (+8.5%), from €7.0m to €7.6m
of which Distributable reserves: +€600,000
- Trade debts -€263,493
down €263,493 (-22.5%), from €1.2m to €909,859
Income statement
- Services and other goods +€838,476
up €838,476 (+14.7%), from €5.7m to €6.5m
- Goods and materials +€552,924
up €552,924 (+20.5%), from €2.7m to €3.3m
From the 2023 result to the 2024 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.
Result 2023
€2.1m
Turnover
+€8,833
Other operating income
-€7,877
Goods and materials
-€552,924
Services and other goods
-€838,476
Staff costs
-€2,984
Depreciation
+€49,226
Other operating charges
-€143,015
Financial income
+€19,345
Financial charges
-€2,982
Taxes
-€91,464
Result 2024
€559,691
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€299,137
Investment
-€376,678
Financing
€0
Cash 2023
€1.6m
From operations (derived)
+€299,137
Net result for the year
+€559,691
Depreciation
+€392,965
Receivables within one year
+€37,985
Deferred charges and accrued income
+€169,273
Trade debts
-€263,493
Tax, wage and social debts
-€92,541
Other debts
-€1.3m
Accrued charges and deferred income
+€754,471
Investment (derived)
-€376,678
Investment in fixed assets (net)
-€305,410
Current investments
-€71,268
Cash 2024
€1.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,978,422 | €11,677,335 | -€301,087 | -2.5% |
| Fixed assets | 21/28 | €1,986,091 | €1,898,536 | -€87,555 | -4.4% |
| Intangible fixed assets | 21 | €44,159 | €17,605 | -€26,553 | -60.1% |
| Tangible fixed assets | 22/27 | €1,836,099 | €1,754,959 | -€81,140 | -4.4% |
| Land and buildings | 22 | €1,149,190 | €1,019,298 | -€129,892 | -11.3% |
| Plant, machinery and equipment | 23 | €150,981 | €331,804 | +€180,824 | +119.8% |
| Furniture and vehicles | 24 | €23,879 | €10,869 | -€13,010 | -54.5% |
| Other tangible fixed assets | 26 | €512,050 | €392,987 | -€119,063 | -23.3% |
| Financial fixed assets | 28 | €105,833 | €125,972 | +€20,139 | +19.0% |
| Other financial fixed assets | 284/8 | €105,833 | €125,972 | +€20,139 | +19.0% |
| Amounts receivable and cash guarantees | 285/8 | €105,833 | €125,972 | +€20,139 | +19.0% |
| Current assets | 29/58 | €9,992,331 | €9,778,800 | -€213,532 | -2.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,751,667 | €1,713,682 | -€37,985 | -2.2% |
| Trade receivables | 40 | €1,277,684 | €1,703,928 | +€426,244 | +33.4% |
| Other amounts receivable | 41 | €473,983 | €9,753 | -€464,229 | -97.9% |
| Current investments | 50/53 | €6,286,961 | €6,358,228 | +€71,268 | +1.1% |
| Other investments | 51/53 | €6,286,961 | €6,358,228 | +€71,268 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,571,926 | €1,494,385 | -€77,541 | -4.9% |
| Deferred charges and accrued income | 490/1 | €381,777 | €212,504 | -€169,273 | -44.3% |
| Total equity and liabilities | 10/49 | €11,978,422 | €11,677,335 | -€301,087 | -2.5% |
| Equity | 10/15 | €7,082,205 | €7,641,895 | +€559,691 | +7.9% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €7,001,960 | €7,600,000 | +€598,040 | +8.5% |
| Non-distributable reserves | 130/1 | €1,960 | €0 | -€1,960 | -100.0% |
| Reserves not available under the articles | 1311 | €1,960 | €0 | -€1,960 | -100.0% |
| Distributable reserves | 133 | €7,000,000 | €7,600,000 | +€600,000 | +8.6% |
| Profit (loss) carried forward | 14 | €41,645 | €3,295 | -€38,349 | -92.1% |
| Amounts payable | 17/49 | €4,896,218 | €4,035,440 | -€860,778 | -17.6% |
| Amounts payable within one year | 42/48 | €4,493,218 | €2,877,969 | -€1.6m | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,173,352 | €909,859 | -€263,493 | -22.5% |
| Suppliers | 440/4 | €1,173,352 | €909,859 | -€263,493 | -22.5% |
| Taxes, remuneration and social security | 45 | €1,369,866 | €1,277,324 | -€92,541 | -6.8% |
| Taxes | 450/3 | €366,227 | €243,949 | -€122,278 | -33.4% |
| Remuneration and social security | 454/9 | €1,003,639 | €1,033,376 | +€29,737 | +3.0% |
| Other amounts payable | 47/48 | €1,950,000 | €690,786 | -€1.3m | -64.6% |
| Accrued charges and deferred income | 492/3 | €403,000 | €1,157,471 | +€754,471 | +187.2% |
| Operating income | 70/76A | €21,794,803 | €21,795,759 | +€956 | 0.0% |
| Turnover | 70 | €21,398,999 | €21,407,832 | +€8,833 | 0.0% |
| Other operating income | 74 | €395,804 | €387,927 | -€7,877 | -2.0% |
| Operating charges | 60/66A | €19,573,488 | €21,061,660 | +€1.5m | +7.6% |
| Goods for resale, raw materials and consumables | 60 | €2,701,733 | €3,254,656 | +€552,924 | +20.5% |
| Purchases | 600/8 | €2,701,733 | €3,254,656 | +€552,924 | +20.5% |
| Services and other goods | 61 | €5,695,597 | €6,534,073 | +€838,476 | +14.7% |
| Remuneration, social security and pensions | 62 | €10,295,346 | €10,298,329 | +€2,984 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442,192 | €392,965 | -€49,226 | -11.1% |
| Other operating charges | 640/8 | €438,621 | €581,636 | +€143,015 | +32.6% |
| Operating profit (loss) | 9901 | €2,221,314 | €734,099 | -€1.5m | -67.0% |
| Financial income | 75/76B | €160,140 | €179,485 | +€19,345 | +12.1% |
| Recurring financial income | 75 | €159,665 | €179,485 | +€19,820 | +12.4% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €159,654 | €179,322 | +€19,667 | +12.3% |
| Other financial income | 752/9 | €11 | €164 | +€153 | +1397.4% |
| Non-recurring financial income | 76B | €475 | €0 | -€475 | -100.0% |
| Financial charges | 65/66B | €67,713 | €70,696 | +€2,982 | +4.4% |
| Recurring financial charges | 65 | €67,713 | €68,300 | +€587 | +0.9% |
| Debt charges | 650 | €3,767 | €2,125 | -€1,641 | -43.6% |
| Other financial charges | 652/9 | €63,947 | €66,175 | +€2,228 | +3.5% |
| Non-recurring financial charges | 66B | - | €2,395 | +€2,395 | |
| Profit (loss) for the period before taxes | 9903 | €2,313,741 | €842,889 | -€1.5m | -63.6% |
| Income taxes | 67/77 | €191,734 | €283,198 | +€91,464 | +47.7% |
| Taxes | 670/3 | €191,734 | €283,198 | +€91,464 | +47.7% |
| Profit (loss) for the period | 9904 | €2,122,008 | €559,691 | -€1.6m | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,122,008 | €559,691 | -€1.6m | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.