SBP & CO: 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.
SBP & CO
Largest movements
- Receivables within one year +€18,383
up €18,383 (+14.9%), from €123,722 to €142,105
of which Other amounts receivable: +€34,654
- Tangible fixed assets -€5,508
down €5,508 (-29.4%), from €18,757 to €13,249
of which Other tangible fixed assets: -€3,290
- Profit (loss) carried forward +€40,710
up €40,710 (+13.1%), from €311,467 to €352,177
- Tax, wage and social debts -€27,263
down €27,263 (-63.7%), from €42,769 to €15,506
of which Taxes: -€22,235
- Write-downs -€50,655
down €50,655, from €33,805 to -€16,850
- Staff costs -€29,171
no longer reported in 2025 (was €29,171)
- Gross operating margin -€18,981
down €18,981 (-25.4%), from €74,683 to €55,701
- Other operating charges +€17,480
up €17,480 (+812.5%), from €2,151 to €19,632
- Taxes +€11,516
up €11,516 (+577.3%), from €1,995 to €13,511
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 | €426,692 | €440,693 | +€14,001 | +3.3% |
| Fixed assets | 21/28 | €30,502 | €23,794 | -€6,708 | -22.0% |
| Intangible fixed assets | 21 | €1,978 | €778 | -€1,200 | -60.7% |
| Tangible fixed assets | 22/27 | €18,757 | €13,249 | -€5,508 | -29.4% |
| Plant, machinery and equipment | 23 | €729 | €25 | -€704 | -96.5% |
| Furniture and vehicles | 24 | €3,956 | €2,442 | -€1,514 | -38.3% |
| Other tangible fixed assets | 26 | €14,071 | €10,781 | -€3,290 | -23.4% |
| Financial fixed assets | 28 | €9,767 | €9,767 | = | 0.0% |
| Current assets | 29/58 | €396,190 | €416,899 | +€20,709 | +5.2% |
| Amounts receivable after more than one year | 29 | €267,581 | €267,581 | = | 0.0% |
| Other amounts receivable | 291 | €267,581 | €267,581 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,722 | €142,105 | +€18,383 | +14.9% |
| Trade receivables | 40 | €59,783 | €43,512 | -€16,271 | -27.2% |
| Other amounts receivable | 41 | €63,939 | €98,593 | +€34,654 | +54.2% |
| Cash at bank and in hand | 54/58 | €4,159 | €7,214 | +€3,055 | +73.5% |
| Deferred charges and accrued income | 490/1 | €729 | - | -€729 | |
| Total equity and liabilities | 10/49 | €426,692 | €440,693 | +€14,001 | +3.3% |
| Equity | 10/15 | €331,927 | €372,637 | +€40,710 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,467 | €352,177 | +€40,710 | +13.1% |
| Amounts payable | 17/49 | €94,765 | €68,056 | -€26,709 | -28.2% |
| Amounts payable within one year | 42/48 | €94,765 | €68,056 | -€26,709 | -28.2% |
| Trade debts | 44 | €51,996 | €52,550 | +€554 | +1.1% |
| Suppliers | 440/4 | €51,996 | €52,550 | +€554 | +1.1% |
| Taxes, remuneration and social security | 45 | €42,769 | €15,506 | -€27,263 | -63.7% |
| Taxes | 450/3 | €37,741 | €15,506 | -€22,235 | -58.9% |
| Remuneration and social security | 454/9 | €5,028 | - | -€5,028 | |
| Remuneration, social security and pensions | 62 | €29,171 | - | -€29,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,930 | €6,708 | -€222 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,805 | -€16,850 | -€50,655 | |
| Other operating charges | 640/8 | €2,151 | €19,632 | +€17,480 | +812.5% |
| Gross operating margin | 9900 | €74,683 | €55,701 | -€18,981 | -25.4% |
| Operating profit (loss) | 9901 | €2,625 | €46,212 | +€43,587 | +1660.5% |
| Financial income | 75/76B | - | €10,840 | +€10,840 | |
| Recurring financial income | 75 | - | €10,840 | +€10,840 | |
| Financial charges | 65/66B | €2,216 | €2,831 | +€615 | +27.7% |
| Recurring financial charges | 65 | €2,216 | €2,831 | +€615 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €409 | €54,221 | +€53,813 | +13170.6% |
| Income taxes | 67/77 | €1,995 | €13,511 | +€11,516 | +577.3% |
| Profit (loss) for the period | 9904 | -€1,586 | €40,710 | +€42,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,586 | €40,710 | +€42,296 |
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 7 October 2026 via checked.be.