SBS GROUP: what changed
What changed
SBS GROUP
NACE 78.200, Temporary employment agencies and other provision of personnel
filed annual accounts (NBB)
Net result for the year
€250,205
2024 · €1.6m-€1.3m
Equity
€12.2m
2024 · €12.0m+€250,205
Cash
€529,625
2024 · €431,818+€97,806
Balance sheet total
€14.4m
2024 · €15.0m-€673,520
Largest movements
Assets
- Receivables within one year -€594,366
down €594,366 (-73.1%), from €813,553 to €219,188
of which Other amounts receivable: -€474,366
Equity and liabilities
- Tax, wage and social debts -€623,720
down €623,720 (-93.9%), from €663,932 to €40,212
of which Taxes: -€636,508
- Other debts -€335,783
down €335,783 (-19.7%), from €1.7m to €1.4m
- Reserves +€250,000
up €250,000 (+2.1%), from €12.0m to €12.2m
of which Distributable reserves: +€250,000
- Trade debts +€154,907
up €154,907 (+248%), from €62,506 to €217,413
Income statement
- Gross operating margin -€1.8m
down €1.8m (-71.8%), from €2.5m to €718,703
- Other operating charges -€301,575
down €301,575 (-58.5%), from €515,223 to €213,648
- Financial income +€174,650
up €174,650 (+145%), from €120,545 to €295,195
- Taxes -€119,796
down €119,796 (-65.6%), from €182,716 to €62,920
- Financial charges +€91,703
up €91,703 (+290%), from €31,623 to €123,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Gross operating margin
-€1.8m
Staff costs
-€10,321
Other operating charges
+€301,575
Financial income
+€174,650
Financial charges
-€91,703
Taxes
+€119,796
Result 2025
€250,205
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,261
Investment
+€156,147
Financing
-€121,602
Cash 2024
€431,818
From operations (derived)
+€63,261
Net result for the year
+€250,205
Receivables after one year
+€47,063
Receivables within one year
+€594,366
Deferred charges and accrued income
-€26,250
Trade debts
+€154,907
Tax, wage and social debts
-€623,720
Other debts
-€335,783
Accrued charges and deferred income
+€2,473
Investment (derived)
+€156,147
Investment in fixed assets (net)
+€120,000
Current investments
+€36,147
Financing
-€121,602
Debts after one year
-€137,734
Current portion of long-term debt
+€16,132
Cash 2025
€529,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,041,245 | €14,367,725 | -€673,520 | -4.5% |
| Fixed assets | 21/28 | €7,670,931 | €7,550,931 | -€120,000 | -1.6% |
| Financial fixed assets | 28 | €7,670,931 | €7,550,931 | -€120,000 | -1.6% |
| Current assets | 29/58 | €7,370,315 | €6,816,795 | -€553,520 | -7.5% |
| Amounts receivable after more than one year | 29 | €3,948,515 | €3,901,451 | -€47,063 | -1.2% |
| Other amounts receivable | 291 | €3,948,515 | €3,901,451 | -€47,063 | -1.2% |
| Amounts receivable within one year | 40/41 | €813,553 | €219,188 | -€594,366 | -73.1% |
| Trade receivables | 40 | €120,000 | €0 | -€120,000 | -100% |
| Other amounts receivable | 41 | €693,553 | €219,188 | -€474,366 | -68.4% |
| Current investments | 50/53 | €2,176,428 | €2,140,281 | -€36,147 | -1.7% |
| Cash at bank and in hand | 54/58 | €431,818 | €529,625 | +€97,806 | +22.6% |
| Deferred charges and accrued income | 490/1 | - | €26,250 | +€26,250 | |
| Total equity and liabilities | 10/49 | €15,041,245 | €14,367,725 | -€673,520 | -4.5% |
| Equity | 10/15 | €11,982,625 | €12,232,830 | +€250,205 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,954,436 | €12,204,436 | +€250,000 | +2.1% |
| Non-distributable reserves | 130/1 | €704,436 | €704,436 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €704,436 | €704,436 | = | 0.0% |
| Distributable reserves | 133 | €11,250,000 | €11,500,000 | +€250,000 | +2.2% |
| Profit (loss) carried forward | 14 | €9,639 | €9,844 | +€205 | +2.1% |
| Amounts payable | 17/49 | €3,058,621 | €2,134,895 | -€923,725 | -30.2% |
| Amounts payable after more than one year | 17 | €491,824 | €354,090 | -€137,734 | -28.0% |
| Financial debts | 170/4 | €491,824 | €354,090 | -€137,734 | -28.0% |
| Amounts payable within one year | 42/48 | €2,566,796 | €1,778,332 | -€788,465 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €132,858 | €148,990 | +€16,132 | +12.1% |
| Trade debts | 44 | €62,506 | €217,413 | +€154,907 | +248% |
| Suppliers | 440/4 | €62,506 | €217,413 | +€154,907 | +248% |
| Taxes, remuneration and social security | 45 | €663,932 | €40,212 | -€623,720 | -93.9% |
| Taxes | 450/3 | €636,508 | €0 | -€636,508 | -100% |
| Remuneration and social security | 454/9 | €27,424 | €40,212 | +€12,788 | +46.6% |
| Other amounts payable | 47/48 | €1,707,500 | €1,371,717 | -€335,783 | -19.7% |
| Accrued charges and deferred income | 492/3 | €0 | €2,473 | +€2,473 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €353,478 | €363,799 | +€10,321 | +2.9% |
| Other operating charges | 640/8 | €515,223 | €213,648 | -€301,575 | -58.5% |
| Gross operating margin | 9900 | €2,548,873 | €718,703 | -€1.8m | -71.8% |
| Operating profit (loss) | 9901 | €1,680,171 | €141,256 | -€1.5m | -91.6% |
| Financial income | 75/76B | €120,545 | €295,195 | +€174,650 | +145% |
| Recurring financial income | 75 | €120,545 | €295,195 | +€174,650 | +145% |
| Financial charges | 65/66B | €31,623 | €123,326 | +€91,703 | +290% |
| Recurring financial charges | 65 | €31,623 | €123,326 | +€91,703 | +290% |
| Profit (loss) for the period before taxes | 9903 | €1,769,093 | €313,125 | -€1.5m | -82.3% |
| Income taxes | 67/77 | €182,716 | €62,920 | -€119,796 | -65.6% |
| Profit (loss) for the period | 9904 | €1,586,376 | €250,205 | -€1.3m | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,586,376 | €250,205 | -€1.3m | -84.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.