EURO-SABEL: 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.
EURO-SABEL
Largest movements
- Cash +€110,057
up €110,057 (+255%), from €43,106 to €153,163
mainly Receivables within one year (+€67,568) and Stocks and contracts (+€34,704)
- Receivables within one year -€67,568
down €67,568 (-95.4%), from €70,826 to €3,257
of which Trade receivables: -€68,561
- Stocks and contracts -€34,704
down €34,704 (-33.9%), from €102,482 to €67,778
- Profit (loss) carried forward +€13,075
up €13,075 (+14.0%), from €93,309 to €106,384
- Tax, wage and social debts -€4,015
no longer reported in 2025 (was €4,015)
- Advances received -€2,806
no longer reported in 2025 (was €2,806)
- Gross operating margin -€12,256
down €12,256 (-46.0%), from €26,658 to €14,402
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 | €217,608 | €224,242 | +€6,634 | +3.0% |
| Fixed assets | 21/28 | €610 | - | -€610 | |
| Tangible fixed assets | 22/27 | €610 | - | -€610 | |
| Furniture and vehicles | 24 | €610 | - | -€610 | |
| Current assets | 29/58 | €216,999 | €224,242 | +€7,243 | +3.3% |
| Stocks and contracts in progress | 3 | €102,482 | €67,778 | -€34,704 | -33.9% |
| Stocks | 30/36 | €102,482 | €67,778 | -€34,704 | -33.9% |
| Amounts receivable within one year | 40/41 | €70,826 | €3,257 | -€67,568 | -95.4% |
| Trade receivables | 40 | €70,826 | €2,264 | -€68,561 | -96.8% |
| Other amounts receivable | 41 | - | €993 | +€993 | |
| Cash at bank and in hand | 54/58 | €43,106 | €153,163 | +€110,057 | +255% |
| Deferred charges and accrued income | 490/1 | €585 | €44 | -€542 | -92.5% |
| Total equity and liabilities | 10/49 | €217,608 | €224,242 | +€6,634 | +3.0% |
| Equity | 10/15 | €202,382 | €215,457 | +€13,075 | +6.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,309 | €106,384 | +€13,075 | +14.0% |
| Amounts payable | 17/49 | €15,226 | €8,785 | -€6,441 | -42.3% |
| Amounts payable within one year | 42/48 | €15,226 | €8,785 | -€6,441 | -42.3% |
| Trade debts | 44 | €7,370 | €7,283 | -€87 | -1.2% |
| Suppliers | 440/4 | €7,370 | €7,283 | -€87 | -1.2% |
| Advances received on contracts in progress | 46 | €2,806 | - | -€2,806 | |
| Taxes, remuneration and social security | 45 | €4,015 | - | -€4,015 | |
| Taxes | 450/3 | €4,015 | - | -€4,015 | |
| Other amounts payable | 47/48 | €1,035 | €1,502 | +€467 | +45.1% |
| Non-recurring operating income | 76A | €102 | €331 | +€229 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €610 | -€5 | -0.8% |
| Other operating charges | 640/8 | €797 | €641 | -€157 | -19.7% |
| Non-recurring operating charges | 66A | €318 | €28 | -€289 | -91.1% |
| Gross operating margin | 9900 | €26,658 | €14,402 | -€12,256 | -46.0% |
| Operating profit (loss) | 9901 | €24,929 | €13,124 | -€11,805 | -47.4% |
| Financial income | 75/76B | €146 | €8 | -€138 | -94.3% |
| Recurring financial income | 75 | €146 | €8 | -€138 | -94.3% |
| Financial charges | 65/66B | €174 | €55 | -€119 | -68.6% |
| Recurring financial charges | 65 | €174 | €55 | -€119 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €24,901 | €13,077 | -€11,824 | -47.5% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €24,901 | €13,075 | -€11,826 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,901 | €13,075 | -€11,826 | -47.5% |
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 23 October 2026 via checked.be.