SBA CONCEPT: 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.
SBA CONCEPT
Largest movements
- Cash -€250,142
down €250,142 (-78.6%), from €318,266 to €68,124
mainly Other debts (-€131,731) and Current investments (-€120,004)
- Current investments +€120,004
up €120,004 (+22,474%), from €534 to €120,538
- Tangible fixed assets -€10,209
down €10,209 (-27.5%), from €37,117 to €26,908
of which Furniture and vehicles: -€5,211
- Other debts -€131,731
down €131,731 (-98.0%), from €134,352 to €2,622
- Trade debts -€4,275
down €4,275 (-42.1%), from €10,164 to €5,888
- Gross operating margin -€41,448
down €41,448 (-74.7%), from €55,464 to €14,015
- Taxes -€16,694
down €16,694 (-98.3%), from €16,976 to €282
- Financial income -€9,211
down €9,211 (-100.0%), from €9,215 to €4
- Depreciation +€2,442
up €2,442 (+27.9%), from €8,754 to €11,196
- Financial charges +€1,382
up €1,382 (+50.1%), from €2,757 to €4,139
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 | €380,352 | €240,569 | -€139,783 | -36.8% |
| Fixed assets | 21/28 | €37,216 | €28,249 | -€8,967 | -24.1% |
| Intangible fixed assets | 21 | €99 | €1,341 | +€1,241 | +1,252% |
| Tangible fixed assets | 22/27 | €37,117 | €26,908 | -€10,209 | -27.5% |
| Plant, machinery and equipment | 23 | €17,835 | €12,838 | -€4,998 | -28.0% |
| Furniture and vehicles | 24 | €19,281 | €14,070 | -€5,211 | -27.0% |
| Current assets | 29/58 | €343,136 | €212,320 | -€130,816 | -38.1% |
| Stocks and contracts in progress | 3 | €10,685 | €10,115 | -€570 | -5.3% |
| Stocks | 30/36 | €10,685 | €10,115 | -€570 | -5.3% |
| Amounts receivable within one year | 40/41 | €8,332 | €7,684 | -€648 | -7.8% |
| Trade receivables | 40 | €5,004 | €7,458 | +€2,454 | +49.0% |
| Other amounts receivable | 41 | €3,328 | €226 | -€3,102 | -93.2% |
| Current investments | 50/53 | €534 | €120,538 | +€120,004 | +22,474% |
| Cash at bank and in hand | 54/58 | €318,266 | €68,124 | -€250,142 | -78.6% |
| Deferred charges and accrued income | 490/1 | €5,318 | €5,859 | +€540 | +10.2% |
| Total equity and liabilities | 10/49 | €380,352 | €240,569 | -€139,783 | -36.8% |
| Equity | 10/15 | €225,110 | €221,846 | -€3,264 | -1.4% |
| Reserves | 13 | €225,015 | €222,820 | -€2,195 | -1.0% |
| Distributable reserves | 133 | €225,015 | €222,820 | -€2,195 | -1.0% |
| Profit (loss) carried forward | 14 | €94 | -€974 | -€1,068 | |
| Amounts payable | 17/49 | €155,242 | €18,723 | -€136,519 | -87.9% |
| Amounts payable within one year | 42/48 | €154,646 | €18,027 | -€136,620 | -88.3% |
| Financial debts | 43 | €833 | - | -€833 | |
| Credit institutions | 430/8 | €833 | - | -€833 | |
| Trade debts | 44 | €10,164 | €5,888 | -€4,275 | -42.1% |
| Suppliers | 440/4 | €10,164 | €5,888 | -€4,275 | -42.1% |
| Taxes, remuneration and social security | 45 | €9,297 | €9,516 | +€219 | +2.4% |
| Taxes | 450/3 | €9,297 | €9,516 | +€219 | +2.4% |
| Other amounts payable | 47/48 | €134,352 | €2,622 | -€131,731 | -98.0% |
| Accrued charges and deferred income | 492/3 | €596 | €696 | +€100 | +16.8% |
| Non-recurring operating income | 76A | €3,300 | - | -€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,754 | €11,196 | +€2,442 | +27.9% |
| Other operating charges | 640/8 | €1,434 | €1,667 | +€233 | +16.2% |
| Non-recurring operating charges | 66A | €2,932 | - | -€2,932 | |
| Gross operating margin | 9900 | €55,464 | €14,015 | -€41,448 | -74.7% |
| Operating profit (loss) | 9901 | €42,344 | €1,153 | -€41,191 | -97.3% |
| Financial income | 75/76B | €9,215 | €4 | -€9,211 | -100.0% |
| Recurring financial income | 75 | €9,215 | €4 | -€9,211 | -100.0% |
| Financial charges | 65/66B | €2,757 | €4,139 | +€1,382 | +50.1% |
| Recurring financial charges | 65 | €2,757 | €4,139 | +€1,382 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €48,802 | -€2,982 | -€51,784 | |
| Income taxes | 67/77 | €16,976 | €282 | -€16,694 | -98.3% |
| Profit (loss) for the period | 9904 | €31,826 | -€3,264 | -€35,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,826 | -€3,264 | -€35,089 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.