SBS WORLD: 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 WORLD
Largest movements
- Tangible fixed assets -€1,578
down €1,578 (-4.2%), from €37,804 to €36,226
- Cash +€678
up €678 (+74.2%), from €914 to €1,592
mainly Other debts (+€1,978) and Depreciation (+€1,578)
- Other debts +€1,978
up €1,978 (+6.4%), from €30,934 to €32,912
- Reserves -€1,859
no longer reported in 2025 (was €1,859)
- Current portion of long-term debt -€794
no longer reported in 2025 (was €794)
- Trade debts -€678
down €678 (-17.8%), from €3,811 to €3,133
- Gross operating margin +€7,625
up €7,625, from -€3,720 to €3,904
- Other operating charges -€5,218
down €5,218 (-75.4%), from €6,921 to €1,703
- Financial charges +€1,549
up €1,549 (+115%), from €1,351 to €2,901
- Financial income -€204
down €204 (-78.3%), from €261 to €56
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 | €43,734 | €42,427 | -€1,307 | -3.0% |
| Fixed assets | 21/28 | €37,841 | €36,226 | -€1,615 | -4.3% |
| Tangible fixed assets | 22/27 | €37,804 | €36,226 | -€1,578 | -4.2% |
| Land and buildings | 22 | €37,804 | €36,226 | -€1,578 | -4.2% |
| Financial fixed assets | 28 | €37 | - | -€37 | |
| Current assets | 29/58 | €5,893 | €6,201 | +€308 | +5.2% |
| Amounts receivable within one year | 40/41 | €4,170 | €3,995 | -€175 | -4.2% |
| Trade receivables | 40 | - | €3,383 | +€3,383 | |
| Other amounts receivable | 41 | €4,170 | €612 | -€3,558 | -85.3% |
| Cash at bank and in hand | 54/58 | €914 | €1,592 | +€678 | +74.2% |
| Deferred charges and accrued income | 490/1 | €810 | €614 | -€196 | -24.2% |
| Total equity and liabilities | 10/49 | €43,734 | €42,427 | -€1,307 | -3.0% |
| Equity | 10/15 | €4,443 | €2,222 | -€2,220 | -50.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | -€16,008 | -€16,370 | -€361 | -2.3% |
| Amounts payable | 17/49 | €39,292 | €40,205 | +€913 | +2.3% |
| Amounts payable within one year | 42/48 | €35,539 | €36,115 | +€576 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €794 | - | -€794 | |
| Trade debts | 44 | €3,811 | €3,133 | -€678 | -17.8% |
| Suppliers | 440/4 | €3,811 | €3,133 | -€678 | -17.8% |
| Taxes, remuneration and social security | 45 | - | €71 | +€71 | |
| Taxes | 450/3 | - | €71 | +€71 | |
| Other amounts payable | 47/48 | €30,934 | €32,912 | +€1,978 | +6.4% |
| Accrued charges and deferred income | 492/3 | €3,753 | €4,089 | +€337 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,562 | €1,578 | +€16 | +1.0% |
| Other operating charges | 640/8 | €6,921 | €1,703 | -€5,218 | -75.4% |
| Gross operating margin | 9900 | -€3,720 | €3,904 | +€7,625 | |
| Operating profit (loss) | 9901 | -€12,203 | €624 | +€12,827 | |
| Financial income | 75/76B | €261 | €56 | -€204 | -78.3% |
| Recurring financial income | 75 | €261 | €56 | -€204 | -78.3% |
| Financial charges | 65/66B | €1,351 | €2,901 | +€1,549 | +115% |
| Recurring financial charges | 65 | €1,351 | €2,901 | +€1,549 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€13,294 | -€2,220 | +€11,074 | +83.3% |
| Profit (loss) for the period | 9904 | -€13,294 | -€2,220 | +€11,074 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,294 | -€2,220 | +€11,074 | +83.3% |
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 16 October 2026 via checked.be.