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.
SBS
Largest movements
- Cash +€3,220
up €3,220 (+601.3%), from €535 to €3,755
mainly Other debts (+€4,934) and Tax, wage and social debts (+€564)
- Stocks and contracts +€777
up €777 (+5.8%), from €13,340 to €14,117
- Receivables within one year +€277
up €277 (+38.0%), from €728 to €1,005
of which Trade receivables: +€1,005
- Other debts +€4,934
up €4,934 (+195.0%), from €2,530 to €7,464
- Trade debts -€937
down €937 (-69.2%), from €1,356 to €418
- Tax, wage and social debts +€564
new in 2025: €564
- Profit (loss) carried forward -€287
down €287 (-6.7%), from -€4,282 to -€4,569
- Gross operating margin +€4,077
up €4,077, from -€3,844 to €233
- Other operating charges +€82
up €82 (+18.8%), from €437 to €520
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 | €14,604 | €18,877 | +€4,273 | +29.3% |
| Current assets | 29/58 | €14,604 | €18,877 | +€4,273 | +29.3% |
| Stocks and contracts in progress | 3 | €13,340 | €14,117 | +€777 | +5.8% |
| Stocks | 30/36 | €13,340 | €14,117 | +€777 | +5.8% |
| Amounts receivable within one year | 40/41 | €728 | €1,005 | +€277 | +38.0% |
| Trade receivables | 40 | - | €1,005 | +€1,005 | |
| Other amounts receivable | 41 | €728 | €0 | -€728 | -100.0% |
| Cash at bank and in hand | 54/58 | €535 | €3,755 | +€3,220 | +601.3% |
| Total equity and liabilities | 10/49 | €14,604 | €18,877 | +€4,273 | +29.3% |
| Equity | 10/15 | €10,718 | €10,431 | -€287 | -2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,282 | -€4,569 | -€287 | -6.7% |
| Amounts payable | 17/49 | €3,886 | €8,446 | +€4,560 | +117.4% |
| Amounts payable within one year | 42/48 | €3,886 | €8,446 | +€4,560 | +117.4% |
| Trade debts | 44 | €1,356 | €418 | -€937 | -69.2% |
| Suppliers | 440/4 | €1,356 | €418 | -€937 | -69.2% |
| Taxes, remuneration and social security | 45 | - | €564 | +€564 | |
| Taxes | 450/3 | - | €564 | +€564 | |
| Other amounts payable | 47/48 | €2,530 | €7,464 | +€4,934 | +195.0% |
| Other operating charges | 640/8 | €437 | €520 | +€82 | +18.8% |
| Gross operating margin | 9900 | -€3,844 | €233 | +€4,077 | |
| Operating profit (loss) | 9901 | -€4,282 | -€287 | +€3,995 | +93.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€4,282 | -€287 | +€3,995 | +93.3% |
| Profit (loss) for the period | 9904 | -€4,282 | -€287 | +€3,995 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,282 | -€287 | +€3,995 | +93.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.