SBS Building: 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 Building
Largest movements
- Receivables within one year +€271,853
up €271,853 (+68,427%), from €397 to €272,250
- Tangible fixed assets -€30,815
down €30,815 (-1.4%), from €2.2m to €2.2m
of which Land and buildings: -€45,702
- Profit (loss) carried forward +€194,316
up €194,316 (+72.6%), from -€267,793 to -€73,477
- Short-term financial debts +€97,057
new in 2025: €97,057
- Debts after one year -€57,343
down €57,343 (-3.7%), from €1.5m to €1.5m
- Current portion of long-term debt -€55,043
no longer reported in 2025 (was €55,043)
- Other debts +€35,670
up €35,670 (+4.0%), from €902,410 to €938,080
- Depreciation -€255,972
down €255,972 (-83.6%), from €306,358 to €50,387
- Gross operating margin +€224,986
up €224,986 (+232%), from €97,054 to €322,040
- Purchases and services -€54,204
no longer reported in 2025 (was €54,204)
- Financial charges +€14,901
up €14,901 (+29.3%), from €50,805 to €65,706
- Other operating charges +€3,947
up €3,947 (+51.4%), from €7,684 to €11,631
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 | €2,255,805 | €2,484,434 | +€228,629 | +10.1% |
| Fixed assets | 21/28 | €2,221,413 | €2,190,597 | -€30,815 | -1.4% |
| Tangible fixed assets | 22/27 | €2,221,413 | €2,190,597 | -€30,815 | -1.4% |
| Land and buildings | 22 | €2,220,096 | €2,174,394 | -€45,702 | -2.1% |
| Plant, machinery and equipment | 23 | €1,316 | €16,203 | +€14,887 | +1,131% |
| Current assets | 29/58 | €34,392 | €293,837 | +€259,445 | +754% |
| Amounts receivable within one year | 40/41 | €397 | €272,250 | +€271,853 | +68,427% |
| Other amounts receivable | 41 | €397 | €272,250 | +€271,853 | +68,427% |
| Current investments | 50/53 | €15,000 | €4,003 | -€10,997 | -73.3% |
| Cash at bank and in hand | 54/58 | €18,411 | €17,584 | -€827 | -4.5% |
| Deferred charges and accrued income | 490/1 | €583 | - | -€583 | |
| Total equity and liabilities | 10/49 | €2,255,805 | €2,484,434 | +€228,629 | +10.1% |
| Equity | 10/15 | -€257,793 | -€63,477 | +€194,316 | +75.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,793 | -€73,477 | +€194,316 | +72.6% |
| Amounts payable | 17/49 | €2,513,597 | €2,547,911 | +€34,313 | +1.4% |
| Amounts payable after more than one year | 17 | €1,549,691 | €1,492,348 | -€57,343 | -3.7% |
| Financial debts | 170/4 | €1,549,691 | €1,492,348 | -€57,343 | -3.7% |
| Amounts payable within one year | 42/48 | €963,906 | €1,055,563 | +€91,657 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €55,043 | - | -€55,043 | |
| Financial debts | 43 | - | €97,057 | +€97,057 | |
| Credit institutions | 430/8 | - | €97,057 | +€97,057 | |
| Trade debts | 44 | €6,454 | €17,699 | +€11,245 | +174% |
| Suppliers | 440/4 | €6,454 | €17,699 | +€11,245 | +174% |
| Taxes, remuneration and social security | 45 | - | €2,728 | +€2,728 | |
| Taxes | 450/3 | - | €2,728 | +€2,728 | |
| Other amounts payable | 47/48 | €902,410 | €938,080 | +€35,670 | +4.0% |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €54,204 | - | -€54,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,358 | €50,387 | -€255,972 | -83.6% |
| Other operating charges | 640/8 | €7,684 | €11,631 | +€3,947 | +51.4% |
| Gross operating margin | 9900 | €97,054 | €322,040 | +€224,986 | +232% |
| Operating profit (loss) | 9901 | -€216,988 | €260,022 | +€477,010 | |
| Financial charges | 65/66B | €50,805 | €65,706 | +€14,901 | +29.3% |
| Recurring financial charges | 65 | €50,805 | €65,706 | +€14,901 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€267,793 | €194,316 | +€462,109 | |
| Profit (loss) for the period | 9904 | -€267,793 | €194,316 | +€462,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€267,793 | €194,316 | +€462,109 |
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 13 October 2026 via checked.be.