SBUILT: 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.
SBUILT
Largest movements
- Cash +€100,123
up €100,123 (+479.9%), from €20,865 to €120,988
mainly Net result for the year (+€95,035) and Tax, wage and social debts (+€22,058)
- Receivables within one year +€9,825
up €9,825 (+27.3%), from €36,044 to €45,869
of which Trade receivables: +€10,869
- Tangible fixed assets +€6,669
new in 2025: €6,669
of which Plant, machinery and equipment: +€3,812
- Deferred charges and accrued income +€6,058
new in 2025: €6,058
- Profit (loss) carried forward +€94,202
up €94,202 (+236.2%), from €39,881 to €134,083
- Tax, wage and social debts +€22,058
up €22,058 (+171.6%), from €12,852 to €34,910
- Other debts +€3,112
up €3,112 (+697.7%), from €446 to €3,558
- Trade debts +€2,217
up €2,217 (+217.4%), from €1,020 to €3,237
- Gross operating margin +€73,361
up €73,361 (+145.8%), from €50,314 to €123,674
- Taxes +€16,014
up €16,014 (+160.6%), from €9,970 to €25,984
- Depreciation +€2,295
up €2,295 (+3079.7%), from €75 to €2,369
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.
Cash bridge derived
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 | €59,199 | €180,788 | +€121,589 | +205.4% |
| Formation expenses | 20 | €2,290 | €1,108 | -€1,183 | -51.6% |
| Fixed assets | 21/28 | - | €6,765 | +€6,765 | |
| Tangible fixed assets | 22/27 | - | €6,669 | +€6,669 | |
| Plant, machinery and equipment | 23 | - | €3,812 | +€3,812 | |
| Furniture and vehicles | 24 | - | €2,857 | +€2,857 | |
| Financial fixed assets | 28 | - | €96 | +€96 | |
| Current assets | 29/58 | €56,909 | €172,915 | +€116,006 | +203.8% |
| Amounts receivable within one year | 40/41 | €36,044 | €45,869 | +€9,825 | +27.3% |
| Trade receivables | 40 | €35,000 | €45,869 | +€10,869 | +31.1% |
| Other amounts receivable | 41 | €1,044 | - | -€1,044 | |
| Cash at bank and in hand | 54/58 | €20,865 | €120,988 | +€100,123 | +479.9% |
| Deferred charges and accrued income | 490/1 | - | €6,058 | +€6,058 | |
| Total equity and liabilities | 10/49 | €59,199 | €180,788 | +€121,589 | +205.4% |
| Equity | 10/15 | €44,881 | €139,083 | +€94,202 | +209.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,881 | €134,083 | +€94,202 | +236.2% |
| Amounts payable | 17/49 | €14,318 | €41,705 | +€27,387 | +191.3% |
| Amounts payable within one year | 42/48 | €14,318 | €41,705 | +€27,387 | +191.3% |
| Trade debts | 44 | €1,020 | €3,237 | +€2,217 | +217.4% |
| Suppliers | 440/4 | €1,020 | €3,237 | +€2,217 | +217.4% |
| Taxes, remuneration and social security | 45 | €12,852 | €34,910 | +€22,058 | +171.6% |
| Taxes | 450/3 | €12,852 | €34,910 | +€22,058 | +171.6% |
| Other amounts payable | 47/48 | €446 | €3,558 | +€3,112 | +697.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75 | €2,369 | +€2,295 | +3079.7% |
| Other operating charges | 640/8 | €387 | €66 | -€322 | -83.0% |
| Gross operating margin | 9900 | €50,314 | €123,674 | +€73,361 | +145.8% |
| Operating profit (loss) | 9901 | €49,852 | €121,240 | +€71,388 | +143.2% |
| Financial charges | 65/66B | - | €221 | +€221 | |
| Recurring financial charges | 65 | - | €221 | +€221 | |
| Profit (loss) for the period before taxes | 9903 | €49,852 | €121,018 | +€71,167 | +142.8% |
| Income taxes | 67/77 | €9,970 | €25,984 | +€16,014 | +160.6% |
| Profit (loss) for the period | 9904 | €39,881 | €95,035 | +€55,153 | +138.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,881 | €95,035 | +€55,153 | +138.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.