SBS PROJECT: 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 PROJECT
Largest movements
- Cash -€16,401
down €16,401 (-14.8%), from €110,891 to €94,490
mainly Contributions, distributions and other (-€27,961) and Other debts (-€24,613)
- Receivables within one year -€16,083
no longer reported in 2025 (was €16,083)
- Other debts -€24,613
down €24,613 (-41.5%), from €59,319 to €34,706
- Tax, wage and social debts -€16,202
down €16,202 (-65.8%), from €24,614 to €8,412
of which Taxes: -€12,957
- Reserves +€10,000
up €10,000 (+27.8%), from €36,000 to €46,000
- Trade debts -€1,669
down €1,669 (-79.5%), from €2,099 to €430
- Gross operating margin -€6,822
down €6,822 (-11.2%), from €60,831 to €54,009
- Taxes -€1,068
down €1,068 (-7.0%), from €15,171 to €14,103
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 | €127,032 | €94,547 | -€32,484 | -25.6% |
| Fixed assets | 21/28 | €58 | €58 | = | 0.0% |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €126,974 | €94,490 | -€32,484 | -25.6% |
| Amounts receivable within one year | 40/41 | €16,083 | - | -€16,083 | |
| Trade receivables | 40 | €16,083 | - | -€16,083 | |
| Cash at bank and in hand | 54/58 | €110,891 | €94,490 | -€16,401 | -14.8% |
| Total equity and liabilities | 10/49 | €127,032 | €94,547 | -€32,484 | -25.6% |
| Equity | 10/15 | €41,000 | €51,000 | +€10,000 | +24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €46,000 | +€10,000 | +27.8% |
| Distributable reserves | 133 | €36,000 | €46,000 | +€10,000 | +27.8% |
| Amounts payable | 17/49 | €86,032 | €43,547 | -€42,484 | -49.4% |
| Amounts payable within one year | 42/48 | €86,032 | €43,547 | -€42,484 | -49.4% |
| Trade debts | 44 | €2,099 | €430 | -€1,669 | -79.5% |
| Suppliers | 440/4 | €2,099 | €430 | -€1,669 | -79.5% |
| Taxes, remuneration and social security | 45 | €24,614 | €8,412 | -€16,202 | -65.8% |
| Taxes | 450/3 | €21,361 | €8,404 | -€12,957 | -60.7% |
| Remuneration and social security | 454/9 | €3,253 | €8 | -€3,245 | -99.8% |
| Other amounts payable | 47/48 | €59,319 | €34,706 | -€24,613 | -41.5% |
| Other operating charges | 640/8 | €1,216 | €870 | -€346 | -28.5% |
| Gross operating margin | 9900 | €60,831 | €54,009 | -€6,822 | -11.2% |
| Operating profit (loss) | 9901 | €59,615 | €53,139 | -€6,476 | -10.9% |
| Financial charges | 65/66B | €1,120 | €1,075 | -€45 | -4.1% |
| Recurring financial charges | 65 | €1,120 | €1,075 | -€45 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €58,495 | €52,064 | -€6,431 | -11.0% |
| Income taxes | 67/77 | €15,171 | €14,103 | -€1,068 | -7.0% |
| Profit (loss) for the period | 9904 | €43,324 | €37,961 | -€5,363 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,324 | €37,961 | -€5,363 | -12.4% |
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 11 October 2026 via checked.be.