SBT Offerande: what changed
SBT Offerande
Largest movements
- Stocks and contracts +€52,846
up €52,846 (+53.9%), from €97,984 to €150,830
- Tangible fixed assets +€16,711
up €16,711 (+211%), from €7,911 to €24,622
of which Furniture and vehicles: +€14,449
- Receivables within one year +€13,571
up €13,571 (+41.0%), from €33,120 to €46,692
of which Other amounts receivable: +€19,500
- Cash +€3,639
up €3,639 (+39.8%), from €9,149 to €12,789
mainly Other debts (+€68,700) and Debts after one year (+€37,414)
- Other debts +€68,700
up €68,700 (+190%), from €36,071 to €104,771
- Tax, wage and social debts -€48,416
down €48,416 (-88.2%), from €54,894 to €6,478
of which Taxes: -€29,806
- Debts after one year +€37,414
new in 2025: €37,414
- Trade debts +€15,709
up €15,709 (+66.5%), from €23,630 to €39,338
- Profit (loss) carried forward +€13,369
up €13,369 (+48.3%), from €27,684 to €41,053
- Turnover +€366,915
up €366,915 (+44.7%), from €820,702 to €1.2m
- Purchases and services +€325,162
up €325,162 (+43.1%), from €754,313 to €1.1m
- Gross operating margin +€45,797
up €45,797 (+54.9%), from €83,419 to €129,216
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,479 | €235,255 | +€86,776 | +58.4% |
| Fixed assets | 21/28 | €7,911 | €24,622 | +€16,711 | +211% |
| Tangible fixed assets | 22/27 | €7,911 | €24,622 | +€16,711 | +211% |
| Plant, machinery and equipment | 23 | €2,150 | €1,412 | -€738 | -34.3% |
| Furniture and vehicles | 24 | €5,761 | €20,210 | +€14,449 | +251% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €140,568 | €210,633 | +€70,065 | +49.8% |
| Stocks and contracts in progress | 3 | €97,984 | €150,830 | +€52,846 | +53.9% |
| Stocks | 30/36 | €97,984 | €150,830 | +€52,846 | +53.9% |
| Amounts receivable within one year | 40/41 | €33,120 | €46,692 | +€13,571 | +41.0% |
| Trade receivables | 40 | €17,620 | €11,692 | -€5,929 | -33.6% |
| Other amounts receivable | 41 | €15,500 | €35,000 | +€19,500 | +126% |
| Cash at bank and in hand | 54/58 | €9,149 | €12,789 | +€3,639 | +39.8% |
| Deferred charges and accrued income | 490/1 | €314 | €322 | +€8 | +2.6% |
| Total equity and liabilities | 10/49 | €148,479 | €235,255 | +€86,776 | +58.4% |
| Equity | 10/15 | €33,884 | €47,253 | +€13,369 | +39.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,684 | €41,053 | +€13,369 | +48.3% |
| Amounts payable | 17/49 | €114,595 | €188,001 | +€73,407 | +64.1% |
| Amounts payable after more than one year | 17 | - | €37,414 | +€37,414 | |
| Financial debts | 170/4 | - | €37,414 | +€37,414 | |
| Amounts payable within one year | 42/48 | €114,595 | €150,587 | +€35,992 | +31.4% |
| Trade debts | 44 | €23,630 | €39,338 | +€15,709 | +66.5% |
| Suppliers | 440/4 | €23,630 | €39,338 | +€15,709 | +66.5% |
| Taxes, remuneration and social security | 45 | €54,894 | €6,478 | -€48,416 | -88.2% |
| Taxes | 450/3 | €29,806 | - | -€29,806 | |
| Remuneration and social security | 454/9 | €25,089 | €6,478 | -€18,611 | -74.2% |
| Other amounts payable | 47/48 | €36,071 | €104,771 | +€68,700 | +190% |
| Turnover | 70 | €820,702 | €1,187,617 | +€366,915 | +44.7% |
| Non-recurring operating income | 76A | €432 | - | -€432 | |
| Goods, raw materials, services and sundry goods | 60/61 | €754,313 | €1,079,475 | +€325,162 | +43.1% |
| Remuneration, social security and pensions | 62 | €87,660 | €97,489 | +€9,830 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,509 | €7,198 | +€2,689 | +59.6% |
| Other operating charges | 640/8 | €11,477 | €5,123 | -€6,354 | -55.4% |
| Non-recurring operating charges | 66A | €7,822 | €4,800 | -€3,022 | -38.6% |
| Gross operating margin | 9900 | €83,419 | €129,216 | +€45,797 | +54.9% |
| Operating profit (loss) | 9901 | -€28,049 | €14,605 | +€42,654 | |
| Financial income | 75/76B | €62 | €117 | +€55 | +89.0% |
| Recurring financial income | 75 | €62 | €117 | +€55 | +89.0% |
| Financial charges | 65/66B | €211 | €1,284 | +€1,073 | +508% |
| Recurring financial charges | 65 | €211 | €1,284 | +€1,073 | +508% |
| Profit (loss) for the period before taxes | 9903 | -€28,199 | €13,438 | +€41,636 | |
| Income taxes | 67/77 | €190 | €69 | -€121 | -63.8% |
| Profit (loss) for the period | 9904 | -€28,388 | €13,369 | +€41,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,388 | €13,369 | +€41,757 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.