R.E.L. Sabbe: 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.
R.E.L. Sabbe
Largest movements
- Receivables within one year +€13,786
up €13,786 (+125%), from €11,017 to €24,803
of which Trade receivables: +€8,493
- Cash -€1,488
down €1,488 (-10.9%), from €13,684 to €12,196
mainly Receivables within one year (-€13,786) and Trade debts (-€292)
- Tangible fixed assets -€769
down €769 (-11.9%), from €6,472 to €5,703
of which Furniture and vehicles: -€405
- Profit (loss) carried forward +€8,564
up €8,564 (+56.9%), from €15,062 to €23,626
- Tax, wage and social debts +€3,256
up €3,256 (+71.5%), from €4,555 to €7,811
- Gross operating margin +€12,670
up €12,670 (+1,996%), from €635 to €13,305
- Taxes +€2,472
up €2,472 (+386%), from €640 to €3,112
- Other operating charges +€1,211
up €1,211 (+480%), from €252 to €1,463
- Financial income +€430
up €430 (+104%), from €414 to €843
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 | €31,173 | €42,702 | +€11,528 | +37.0% |
| Fixed assets | 21/28 | €6,472 | €5,703 | -€769 | -11.9% |
| Tangible fixed assets | 22/27 | €6,472 | €5,703 | -€769 | -11.9% |
| Plant, machinery and equipment | 23 | €3,163 | €2,798 | -€365 | -11.5% |
| Furniture and vehicles | 24 | €3,309 | €2,905 | -€405 | -12.2% |
| Current assets | 29/58 | €24,701 | €36,999 | +€12,298 | +49.8% |
| Amounts receivable within one year | 40/41 | €11,017 | €24,803 | +€13,786 | +125% |
| Trade receivables | 40 | €842 | €9,336 | +€8,493 | +1,008% |
| Other amounts receivable | 41 | €10,175 | €15,467 | +€5,292 | +52.0% |
| Cash at bank and in hand | 54/58 | €13,684 | €12,196 | -€1,488 | -10.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €31,173 | €42,702 | +€11,528 | +37.0% |
| Equity | 10/15 | €25,062 | €33,626 | +€8,564 | +34.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,062 | €23,626 | +€8,564 | +56.9% |
| Amounts payable | 17/49 | €6,112 | €9,076 | +€2,964 | +48.5% |
| Amounts payable within one year | 42/48 | €6,112 | €9,076 | +€2,964 | +48.5% |
| Trade debts | 44 | €1,556 | €1,264 | -€292 | -18.7% |
| Suppliers | 440/4 | €1,556 | €1,264 | -€292 | -18.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,555 | €7,811 | +€3,256 | +71.5% |
| Taxes | 450/3 | €4,555 | €7,811 | +€3,256 | +71.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €769 | +€59 | +8.3% |
| Other operating charges | 640/8 | €252 | €1,463 | +€1,211 | +480% |
| Gross operating margin | 9900 | €635 | €13,305 | +€12,670 | +1,996% |
| Operating profit (loss) | 9901 | -€328 | €11,072 | +€11,400 | |
| Financial income | 75/76B | €414 | €843 | +€430 | +104% |
| Recurring financial income | 75 | €414 | €843 | +€430 | +104% |
| Financial charges | 65/66B | €257 | €239 | -€18 | -7.0% |
| Recurring financial charges | 65 | €257 | €239 | -€18 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€172 | €11,676 | +€11,848 | |
| Income taxes | 67/77 | €640 | €3,112 | +€2,472 | +386% |
| Profit (loss) for the period | 9904 | -€812 | €8,564 | +€9,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€812 | €8,564 | +€9,376 |
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 15 October 2026 via checked.be.