sa.baba: 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.
sa.baba
Largest movements
- Receivables within one year +€55,940
up €55,940 (+5.6%), from €1.0m to €1.1m
of which Trade receivables: +€34,044
- Tangible fixed assets +€25,740
up €25,740 (+125.5%), from €20,510 to €46,250
- Trade debts +€107,867
up €107,867 (+511.0%), from €21,109 to €128,976
- Debts after one year -€72,023
down €72,023 (-71.3%), from €101,074 to €29,051
- Profit (loss) carried forward +€37,469
up €37,469 (+8.8%), from €423,567 to €461,036
- Tax, wage and social debts +€26,060
up €26,060 (+26.8%), from €97,188 to €123,248
of which Taxes: +€14,705
- Accrued charges and deferred income -€20,778
no longer reported in 2025 (was €20,778)
- Gross operating margin -€307,953
down €307,953 (-73.5%), from €418,764 to €110,811
- Staff costs -€26,559
down €26,559 (-34.7%), from €76,553 to €49,994
- Financial charges +€5,548
up €5,548 (+44.3%), from €12,532 to €18,080
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 | €1,033,529 | €1,131,828 | +€98,299 | +9.5% |
| Fixed assets | 21/28 | €20,510 | €46,250 | +€25,740 | +125.5% |
| Tangible fixed assets | 22/27 | €20,510 | €46,250 | +€25,740 | +125.5% |
| Furniture and vehicles | 24 | €20,510 | €46,250 | +€25,740 | +125.5% |
| Current assets | 29/58 | €1,013,019 | €1,085,578 | +€72,559 | +7.2% |
| Stocks and contracts in progress | 3 | - | €6,000 | +€6,000 | |
| Stocks | 30/36 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €1,006,834 | €1,062,773 | +€55,940 | +5.6% |
| Trade receivables | 40 | €15,213 | €49,257 | +€34,044 | +223.8% |
| Other amounts receivable | 41 | €991,621 | €1,013,517 | +€21,896 | +2.2% |
| Cash at bank and in hand | 54/58 | €5,899 | €16,805 | +€10,905 | +184.9% |
| Deferred charges and accrued income | 490/1 | €286 | - | -€286 | |
| Total equity and liabilities | 10/49 | €1,033,529 | €1,131,828 | +€98,299 | +9.5% |
| Equity | 10/15 | €718,567 | €756,036 | +€37,469 | +5.2% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,567 | €461,036 | +€37,469 | +8.8% |
| Amounts payable | 17/49 | €314,962 | €375,792 | +€60,830 | +19.3% |
| Amounts payable after more than one year | 17 | €101,074 | €29,051 | -€72,023 | -71.3% |
| Financial debts | 170/4 | €101,074 | €29,051 | -€72,023 | -71.3% |
| Amounts payable within one year | 42/48 | €193,111 | €346,741 | +€153,630 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €74,814 | €74,084 | -€730 | -1.0% |
| Financial debts | 43 | - | €12,433 | +€12,433 | |
| Credit institutions | 430/8 | - | €12,433 | +€12,433 | |
| Trade debts | 44 | €21,109 | €128,976 | +€107,867 | +511.0% |
| Suppliers | 440/4 | €21,109 | €128,976 | +€107,867 | +511.0% |
| Taxes, remuneration and social security | 45 | €97,188 | €123,248 | +€26,060 | +26.8% |
| Taxes | 450/3 | €74,694 | €89,399 | +€14,705 | +19.7% |
| Remuneration and social security | 454/9 | €22,493 | €33,848 | +€11,355 | +50.5% |
| Other amounts payable | 47/48 | - | €8,000 | +€8,000 | |
| Accrued charges and deferred income | 492/3 | €20,778 | - | -€20,778 | |
| Remuneration, social security and pensions | 62 | €76,553 | €49,994 | -€26,559 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €10,753 | +€2,600 | +31.9% |
| Other operating charges | 640/8 | €2,264 | €1,048 | -€1,217 | -53.7% |
| Gross operating margin | 9900 | €418,764 | €110,811 | -€307,953 | -73.5% |
| Operating profit (loss) | 9901 | €331,793 | €49,016 | -€282,777 | -85.2% |
| Financial income | 75/76B | €34,221 | €37,131 | +€2,910 | +8.5% |
| Recurring financial income | 75 | €34,221 | €37,131 | +€2,910 | +8.5% |
| Financial charges | 65/66B | €12,532 | €18,080 | +€5,548 | +44.3% |
| Recurring financial charges | 65 | €12,532 | €18,080 | +€5,548 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €353,482 | €68,067 | -€285,415 | -80.7% |
| Income taxes | 67/77 | €28,374 | €30,598 | +€2,223 | +7.8% |
| Profit (loss) for the period | 9904 | €325,108 | €37,469 | -€287,639 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €325,108 | €37,469 | -€287,639 | -88.5% |
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 3 October 2026 via checked.be.