SBS: 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.
SBS
Largest movements
- Tangible fixed assets -€69,839
down €69,839 (-24.9%), from €280,615 to €210,776
of which Plant, machinery and equipment: -€64,759
- Cash +€8,507
up €8,507 (+44.4%), from €19,162 to €27,669
mainly Depreciation (+€97,861) and Other debts (+€2,782)
- Debts after one year -€47,960
down €47,960 (-32.1%), from €149,338 to €101,378
- Current portion of long-term debt -€6,154
down €6,154 (-11.4%), from €54,114 to €47,960
- Profit (loss) carried forward -€5,584
new in 2025: -€5,584
- Tax, wage and social debts -€4,044
down €4,044 (-58.5%), from €6,914 to €2,870
of which Taxes: -€2,190
- Depreciation +€38,557
up €38,557 (+65.0%), from €59,304 to €97,861
- Staff costs -€25,714
down €25,714 (-33.6%), from €76,630 to €50,917
- Gross operating margin -€4,435
down €4,435 (-2.8%), from €156,865 to €152,430
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 | €335,581 | €271,439 | -€64,141 | -19.1% |
| Fixed assets | 21/28 | €280,750 | €210,911 | -€69,839 | -24.9% |
| Tangible fixed assets | 22/27 | €280,615 | €210,776 | -€69,839 | -24.9% |
| Plant, machinery and equipment | 23 | €265,028 | €200,269 | -€64,759 | -24.4% |
| Furniture and vehicles | 24 | €15,587 | €10,507 | -€5,080 | -32.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €54,831 | €60,529 | +€5,698 | +10.4% |
| Amounts receivable within one year | 40/41 | €30,433 | €28,585 | -€1,849 | -6.1% |
| Trade receivables | 40 | €30,433 | €28,578 | -€1,855 | -6.1% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €19,162 | €27,669 | +€8,507 | +44.4% |
| Deferred charges and accrued income | 490/1 | €5,236 | €4,275 | -€961 | -18.3% |
| Total equity and liabilities | 10/49 | €335,581 | €271,439 | -€64,141 | -19.1% |
| Equity | 10/15 | €42,246 | €36,662 | -€5,584 | -13.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €21,786 | €21,786 | = | 0.0% |
| Distributable reserves | 133 | €21,786 | €21,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,584 | -€5,584 | |
| Amounts payable | 17/49 | €293,335 | €234,778 | -€58,557 | -20.0% |
| Amounts payable after more than one year | 17 | €149,338 | €101,378 | -€47,960 | -32.1% |
| Financial debts | 170/4 | €149,338 | €101,378 | -€47,960 | -32.1% |
| Amounts payable within one year | 42/48 | €143,996 | €133,399 | -€10,597 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €54,114 | €47,960 | -€6,154 | -11.4% |
| Trade debts | 44 | €12,451 | €9,269 | -€3,182 | -25.6% |
| Suppliers | 440/4 | €12,451 | €9,269 | -€3,182 | -25.6% |
| Taxes, remuneration and social security | 45 | €6,914 | €2,870 | -€4,044 | -58.5% |
| Taxes | 450/3 | €5,060 | €2,870 | -€2,190 | -43.3% |
| Remuneration and social security | 454/9 | €1,854 | - | -€1,854 | |
| Other amounts payable | 47/48 | €70,518 | €73,300 | +€2,782 | +3.9% |
| Remuneration, social security and pensions | 62 | €76,630 | €50,917 | -€25,714 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,304 | €97,861 | +€38,557 | +65.0% |
| Other operating charges | 640/8 | €2,911 | €3,104 | +€193 | +6.6% |
| Gross operating margin | 9900 | €156,865 | €152,430 | -€4,435 | -2.8% |
| Operating profit (loss) | 9901 | €18,020 | €548 | -€17,472 | -97.0% |
| Financial income | 75/76B | €556 | €250 | -€306 | -55.0% |
| Recurring financial income | 75 | €556 | €250 | -€306 | -55.0% |
| Financial charges | 65/66B | €6,575 | €6,382 | -€193 | -2.9% |
| Recurring financial charges | 65 | €6,575 | €6,382 | -€193 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €12,001 | -€5,584 | -€17,585 | |
| Income taxes | 67/77 | €1,091 | - | -€1,091 | |
| Profit (loss) for the period | 9904 | €10,910 | -€5,584 | -€16,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,910 | -€5,584 | -€16,494 |
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 14 October 2026 via checked.be.