SBST PARTNERS: 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.
SBST PARTNERS
Largest movements
- Financial fixed assets +€88,123
new in 2025: €88,123
- Receivables within one year -€84,450
down €84,450 (-30.7%), from €274,911 to €190,461
- Other debts +€26,123
up €26,123 (+130%), from €20,104 to €46,226
- Tax, wage and social debts -€23,705
down €23,705 (-79.5%), from €29,821 to €6,117
- Gross operating margin -€97,368
down €97,368 (-91.6%), from €106,274 to €8,905
- Taxes -€24,345
down €24,345 (-90.7%), from €26,851 to €2,505
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 | €281,734 | €285,630 | +€3,896 | +1.4% |
| Fixed assets | 21/28 | €947 | €89,127 | +€88,180 | +9,313% |
| Tangible fixed assets | 22/27 | €947 | €1,003 | +€57 | +6.0% |
| Furniture and vehicles | 24 | €947 | €1,003 | +€57 | +6.0% |
| Financial fixed assets | 28 | - | €88,123 | +€88,123 | |
| Current assets | 29/58 | €280,787 | €196,503 | -€84,284 | -30.0% |
| Amounts receivable within one year | 40/41 | €274,911 | €190,461 | -€84,450 | -30.7% |
| Trade receivables | 40 | €274,911 | €190,461 | -€84,450 | -30.7% |
| Cash at bank and in hand | 54/58 | €2,835 | €2,969 | +€134 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,041 | €3,072 | +€32 | +1.0% |
| Total equity and liabilities | 10/49 | €281,734 | €285,630 | +€3,896 | +1.4% |
| Equity | 10/15 | €228,906 | €231,302 | +€2,396 | +1.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,906 | €229,302 | +€2,396 | +1.1% |
| Amounts payable | 17/49 | €52,827 | €54,328 | +€1,500 | +2.8% |
| Amounts payable within one year | 42/48 | €51,665 | €54,028 | +€2,363 | +4.6% |
| Trade debts | 44 | €1,740 | €1,685 | -€55 | -3.1% |
| Suppliers | 440/4 | €1,740 | €1,685 | -€55 | -3.1% |
| Taxes, remuneration and social security | 45 | €29,821 | €6,117 | -€23,705 | -79.5% |
| Taxes | 450/3 | €29,821 | €6,117 | -€23,705 | -79.5% |
| Other amounts payable | 47/48 | €20,104 | €46,226 | +€26,123 | +130% |
| Accrued charges and deferred income | 492/3 | €1,163 | €300 | -€863 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €439 | +€89 | +25.5% |
| Other operating charges | 640/8 | €939 | €951 | +€12 | +1.3% |
| Gross operating margin | 9900 | €106,274 | €8,905 | -€97,368 | -91.6% |
| Operating profit (loss) | 9901 | €104,985 | €7,516 | -€97,469 | -92.8% |
| Financial charges | 65/66B | €2,987 | €2,615 | -€372 | -12.4% |
| Recurring financial charges | 65 | €2,987 | €2,615 | -€372 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €101,998 | €4,901 | -€97,097 | -95.2% |
| Income taxes | 67/77 | €26,851 | €2,505 | -€24,345 | -90.7% |
| Profit (loss) for the period | 9904 | €75,148 | €2,396 | -€72,752 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,148 | €2,396 | -€72,752 | -96.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.