SBS SOFTWARE BELGIUM: 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.
What changed
SBS SOFTWARE BELGIUM
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€891,823
2024 · €17.4m-€18.3m
Equity
€7.5m
2024 · €8.4m-€891,823
Cash
€15,390
2024 · €11,262+€4,128
Balance sheet total
€25.6m
2024 · €42.4m-€16.9m
Largest movements
Assets
- Receivables within one year -€15.8m
down €15.8m (-42.6%), from €37.2m to €21.3m
of which Other amounts receivable: -€17.8m
- Financial fixed assets -€659,445
down €659,445 (-79.3%), from €831,564 to €172,119
of which Affiliated companies: -€659,444
Equity and liabilities
- Other debts -€17.0m
no longer reported in 2025 (was €17.0m)
- Profit (loss) carried forward -€891,822
down €891,822 (-11.0%), from €8.1m to €7.2m
- Accrued charges and deferred income +€628,920
up €628,920 (+33.1%), from €1.9m to €2.5m
- Trade debts +€466,623
up €466,623 (+6.1%), from €7.6m to €8.1m
Income statement
- Turnover -€7.9m
down €7.9m (-11.7%), from €67.5m to €59.6m
- Staff costs -€6.7m
down €6.7m (-18.3%), from €36.9m to €30.1m
- Taxes -€6.4m
down €6.4m (-96.6%), from €6.6m to €227,644
- Goods and materials -€2.8m
down €2.8m (-13.7%), from €20.6m to €17.7m
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.
Result 2024
€17.4m
Turnover
-€7.9m
Other operating income
+€46,704
Goods and materials
+€2.8m
Services and other goods
-€645,773
Staff costs
+€6.7m
Depreciation
+€18,815
Write-downs
+€9,668
Other operating charges
-€131,780
Other operating items
-€25.2m
Financial income
-€539,622
Financial charges
+€27,297
Taxes
+€6.4m
Result 2025
-€891,823
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€715,883
Investment
+€605,062
Financing
+€114,951
Cash 2024
€11,262
From operations (derived)
-€715,883
Net result for the year
-€891,823
Depreciation
+€388,415
Stocks and contracts
+€240,000
Receivables within one year
+€15.8m
Deferred charges and accrued income
-€204,109
Trade debts
+€466,623
Tax, wage and social debts
-€171,880
Other debts
-€17.0m
Accrued charges and deferred income
+€628,920
Investment (derived)
+€605,062
Investment in fixed assets (net)
+€605,062
Financing
+€114,951
Short-term financial debts
+€114,950
Contributions, distributions and other
+€1
Not broken down
-€2
Cash 2025
€15,390
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,444,265 | €25,591,055 | -€16.9m | -39.7% |
| Fixed assets | 21/28 | €2,752,856 | €1,759,380 | -€993,476 | -36.1% |
| Tangible fixed assets | 22/27 | €1,921,292 | €1,587,260 | -€334,032 | -17.4% |
| Plant, machinery and equipment | 23 | €176,685 | €87,839 | -€88,846 | -50.3% |
| Furniture and vehicles | 24 | €443,099 | €385,391 | -€57,708 | -13.0% |
| Other tangible fixed assets | 26 | €1,301,508 | €1,114,030 | -€187,478 | -14.4% |
| Financial fixed assets | 28 | €831,564 | €172,119 | -€659,445 | -79.3% |
| Affiliated companies | 280/1 | €659,444 | - | -€659,444 | |
| Participating interests | 280 | €659,444 | - | -€659,444 | |
| Other financial fixed assets | 284/8 | €172,119 | €172,119 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €172,119 | €172,119 | = | 0.0% |
| Current assets | 29/58 | €39,691,409 | €23,831,675 | -€15.9m | -40.0% |
| Stocks and contracts in progress | 3 | €2,435,051 | €2,195,051 | -€240,000 | -9.9% |
| Stocks | 30/36 | €2,435,051 | €2,195,051 | -€240,000 | -9.9% |
| Work in progress | 32 | €2,435,051 | €2,195,051 | -€240,000 | -9.9% |
| Amounts receivable within one year | 40/41 | €37,158,962 | €21,330,991 | -€15.8m | -42.6% |
| Trade receivables | 40 | €11,627,909 | €13,577,545 | +€1.9m | +16.8% |
| Other amounts receivable | 41 | €25,531,053 | €7,753,446 | -€17.8m | -69.6% |
| Cash at bank and in hand | 54/58 | €11,262 | €15,390 | +€4,128 | +36.7% |
| Deferred charges and accrued income | 490/1 | €86,134 | €290,243 | +€204,109 | +237% |
| Total equity and liabilities | 10/49 | €42,444,265 | €25,591,055 | -€16.9m | -39.7% |
| Equity | 10/15 | €8,414,828 | €7,523,005 | -€891,823 | -10.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €30,949 | €30,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,133,878 | €7,242,056 | -€891,822 | -11.0% |
| Amounts payable | 17/49 | €34,029,437 | €18,068,050 | -€16.0m | -46.9% |
| Amounts payable within one year | 42/48 | €32,130,022 | €15,539,715 | -€16.6m | -51.6% |
| Financial debts | 43 | - | €114,950 | +€114,950 | |
| Credit institutions | 430/8 | - | €114,950 | +€114,950 | |
| Trade debts | 44 | €7,636,645 | €8,103,268 | +€466,623 | +6.1% |
| Suppliers | 440/4 | €7,636,645 | €8,103,268 | +€466,623 | +6.1% |
| Taxes, remuneration and social security | 45 | €7,493,377 | €7,321,497 | -€171,880 | -2.3% |
| Taxes | 450/3 | €1,566,467 | €1,652,930 | +€86,463 | +5.5% |
| Remuneration and social security | 454/9 | €5,926,910 | €5,668,567 | -€258,343 | -4.4% |
| Other amounts payable | 47/48 | €17,000,000 | - | -€17.0m | |
| Accrued charges and deferred income | 492/3 | €1,899,415 | €2,528,335 | +€628,920 | +33.1% |
| Operating income | 70/76A | €85,370,500 | €61,285,446 | -€24.1m | -28.2% |
| Turnover | 70 | €67,482,109 | €59,603,722 | -€7.9m | -11.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €240,000 | -€240,000 | -€480,000 | |
| Other operating income | 74 | €1,874,545 | €1,921,249 | +€46,704 | +2.5% |
| Non-recurring operating income | 76A | €15,773,847 | €475 | -€15.8m | -100.0% |
| Operating charges | 60/66A | €61,902,874 | €62,033,948 | +€131,074 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €20,569,920 | €17,749,361 | -€2.8m | -13.7% |
| Purchases | 600/8 | €20,569,920 | €17,749,361 | -€2.8m | -13.7% |
| Services and other goods | 61 | €4,046,999 | €4,692,772 | +€645,773 | +16.0% |
| Remuneration, social security and pensions | 62 | €36,852,456 | €30,116,340 | -€6.7m | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407,230 | €388,415 | -€18,815 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,883 | €7,215 | -€9,668 | -57.3% |
| Other operating charges | 640/8 | €9,386 | €141,166 | +€131,780 | +1,404% |
| Non-recurring operating charges | 66A | €1 | €8,938,679 | +€8.9m | +893,867,800% |
| Operating profit (loss) | 9901 | €23,467,626 | -€748,502 | -€24.2m | |
| Financial income | 75/76B | €926,384 | €386,762 | -€539,622 | -58.3% |
| Recurring financial income | 75 | €926,384 | €386,762 | -€539,622 | -58.3% |
| Income from current assets | 751 | €883,950 | €290,662 | -€593,288 | -67.1% |
| Other financial income | 752/9 | €42,433 | €96,100 | +€53,667 | +126% |
| Financial charges | 65/66B | €329,736 | €302,439 | -€27,297 | -8.3% |
| Recurring financial charges | 65 | €329,736 | €302,439 | -€27,297 | -8.3% |
| Debt charges | 650 | €276,589 | €242,250 | -€34,339 | -12.4% |
| Other financial charges | 652/9 | €53,147 | €60,189 | +€7,042 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €24,064,274 | -€664,179 | -€24.7m | |
| Income taxes | 67/77 | €6,633,136 | €227,644 | -€6.4m | -96.6% |
| Taxes | 670/3 | €6,633,136 | €227,644 | -€6.4m | -96.6% |
| Profit (loss) for the period | 9904 | €17,431,138 | -€891,823 | -€18.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €17,431,138 | -€891,823 | -€18.3m |
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 27 October 2026 via checked.be.