SBT Lab: what changed
Two fiscal 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.
SBT Lab
Largest movements
- Intangible fixed assets -€1.2m
down €1.2m (-70.6%), from €1.8m to €515,579
- Receivables within one year +€295,842
up €295,842 (+88.2%), from €335,600 to €631,442
of which Other amounts receivable: +€308,931
- Stocks and contracts +€168,616
up €168,616 (+38.5%), from €438,263 to €606,878
- Profit (loss) carried forward -€1.8m
down €1.8m (-118.2%), from -€1.5m to -€3.4m
- Other debts +€925,502
up €925,502 (+82.5%), from €1.1m to €2.0m
- Trade debts +€153,799
up €153,799 (+19.6%), from €784,379 to €938,178
- Debts after one year -€48,460
down €48,460 (-3.3%), from €1.5m to €1.4m
of which Financial debts: -€48,460
- Gross operating margin -€620,407
down €620,407, from €170,277 to -€450,130
- Depreciation +€25,380
up €25,380 (+10.4%), from €244,199 to €269,579
- Other operating charges +€20,666
up €20,666 (+1153.2%), from €1,792 to €22,458
- Financial charges +€17,354
up €17,354 (+204.7%), from €8,479 to €25,833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,531,228 | €1,758,448 | -€772,781 | -30.5% |
| Fixed assets | 21/28 | €1,753,397 | €518,809 | -€1.2m | -70.4% |
| Intangible fixed assets | 21 | €1,753,397 | €515,579 | -€1.2m | -70.6% |
| Tangible fixed assets | 22/27 | - | €3,230 | +€3,230 | |
| Furniture and vehicles | 24 | - | €3,230 | +€3,230 | |
| Current assets | 29/58 | €777,831 | €1,239,639 | +€461,808 | +59.4% |
| Stocks and contracts in progress | 3 | €438,263 | €606,878 | +€168,616 | +38.5% |
| Stocks | 30/36 | €438,263 | €606,878 | +€168,616 | +38.5% |
| Amounts receivable within one year | 40/41 | €335,600 | €631,442 | +€295,842 | +88.2% |
| Trade receivables | 40 | €162,475 | €149,386 | -€13,089 | -8.1% |
| Other amounts receivable | 41 | €173,125 | €482,055 | +€308,931 | +178.4% |
| Cash at bank and in hand | 54/58 | €3,969 | €1,319 | -€2,650 | -66.8% |
| Total equity and liabilities | 10/49 | €2,531,228 | €1,758,448 | -€772,781 | -30.5% |
| Equity | 10/15 | -€953,529 | -€2,777,021 | -€1.8m | -191.2% |
| Contributions | 10/11 | €588,562 | €588,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,542,091 | -€3,365,583 | -€1.8m | -118.2% |
| Amounts payable | 17/49 | €3,484,757 | €4,535,468 | +€1.1m | +30.2% |
| Amounts payable after more than one year | 17 | €1,473,344 | €1,424,883 | -€48,460 | -3.3% |
| Financial debts | 170/4 | €85,608 | €37,147 | -€48,460 | -56.6% |
| Other amounts payable | 178/9 | €1,387,736 | €1,387,736 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,011,413 | €3,110,585 | +€1.1m | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €51,151 | €52,444 | +€1,294 | +2.5% |
| Trade debts | 44 | €784,379 | €938,178 | +€153,799 | +19.6% |
| Suppliers | 440/4 | €784,379 | €938,178 | +€153,799 | +19.6% |
| Taxes, remuneration and social security | 45 | €54,599 | €73,176 | +€18,577 | +34.0% |
| Taxes | 450/3 | €54,599 | €73,176 | +€18,577 | +34.0% |
| Other amounts payable | 47/48 | €1,121,285 | €2,046,787 | +€925,502 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,199 | €269,579 | +€25,380 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,618 | €0 | +€2,618 | |
| Other operating charges | 640/8 | €1,792 | €22,458 | +€20,666 | +1153.2% |
| Non-recurring operating charges | 66A | - | €1,057,618 | +€1.1m | |
| Gross operating margin | 9900 | €170,277 | -€450,130 | -€620,407 | |
| Operating profit (loss) | 9901 | -€73,096 | -€1,799,784 | -€1.7m | -2362.2% |
| Financial income | 75/76B | €565 | €2,125 | +€1,560 | +275.9% |
| Recurring financial income | 75 | €565 | €2,125 | +€1,560 | +275.9% |
| Financial charges | 65/66B | €8,479 | €25,833 | +€17,354 | +204.7% |
| Recurring financial charges | 65 | €8,479 | €25,833 | +€17,354 | +204.7% |
| Profit (loss) for the period before taxes | 9903 | -€81,010 | -€1,823,492 | -€1.7m | -2150.9% |
| Profit (loss) for the period | 9904 | -€81,010 | -€1,823,492 | -€1.7m | -2150.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,010 | -€1,823,492 | -€1.7m | -2150.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.