SAB - ADRI - EXPORT: 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.
SAB - ADRI - EXPORT
Largest movements
- Stocks and contracts +€179,771
up €179,771 (+142%), from €126,654 to €306,425
- Receivables within one year +€91,953
up €91,953 (+134%), from €68,416 to €160,369
of which Trade receivables: +€103,866
- Tangible fixed assets -€9,273
down €9,273 (-21.9%), from €42,301 to €33,028
of which Plant, machinery and equipment: -€7,500
- Deferred charges and accrued income -€6,392
down €6,392 (-98.1%), from €6,514 to €122
- Trade debts +€256,981
up €256,981 (+233%), from €110,236 to €367,217
- Short-term financial debts -€30,000
no longer reported in 2025 (was €30,000)
- Other debts +€16,152
up €16,152 (+26.8%), from €60,191 to €76,343
- Tax, wage and social debts +€12,202
up €12,202 (+89.6%), from €13,614 to €25,816
of which Taxes: +€10,568
- Profit (loss) carried forward +€5,550
up €5,550 (+24.0%), from -€23,134 to -€17,584
- Other operating charges -€3,786
down €3,786 (-17.0%), from €22,278 to €18,492
- Gross operating margin -€2,344
down €2,344 (-2.0%), from €119,375 to €117,031
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 | €249,642 | €509,753 | +€260,111 | +104% |
| Fixed assets | 21/28 | €42,421 | €33,148 | -€9,273 | -21.9% |
| Tangible fixed assets | 22/27 | €42,301 | €33,028 | -€9,273 | -21.9% |
| Land and buildings | 22 | €6,264 | €5,220 | -€1,044 | -16.7% |
| Plant, machinery and equipment | 23 | €35,307 | €27,807 | -€7,500 | -21.2% |
| Furniture and vehicles | 24 | €729 | - | -€729 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €207,221 | €476,605 | +€269,384 | +130% |
| Stocks and contracts in progress | 3 | €126,654 | €306,425 | +€179,771 | +142% |
| Stocks | 30/36 | €126,654 | €306,425 | +€179,771 | +142% |
| Amounts receivable within one year | 40/41 | €68,416 | €160,369 | +€91,953 | +134% |
| Trade receivables | 40 | €55,835 | €159,701 | +€103,866 | +186% |
| Other amounts receivable | 41 | €12,581 | €668 | -€11,913 | -94.7% |
| Cash at bank and in hand | 54/58 | €5,638 | €9,690 | +€4,052 | +71.9% |
| Deferred charges and accrued income | 490/1 | €6,514 | €122 | -€6,392 | -98.1% |
| Total equity and liabilities | 10/49 | €249,642 | €509,753 | +€260,111 | +104% |
| Equity | 10/15 | €34,826 | €40,376 | +€5,550 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,134 | -€17,584 | +€5,550 | +24.0% |
| Amounts payable | 17/49 | €214,816 | €469,377 | +€254,561 | +119% |
| Amounts payable within one year | 42/48 | €214,041 | €469,377 | +€255,335 | +119% |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €110,236 | €367,217 | +€256,981 | +233% |
| Suppliers | 440/4 | €110,236 | €367,217 | +€256,981 | +233% |
| Taxes, remuneration and social security | 45 | €13,614 | €25,816 | +€12,202 | +89.6% |
| Taxes | 450/3 | €5,485 | €16,053 | +€10,568 | +193% |
| Remuneration and social security | 454/9 | €8,129 | €9,763 | +€1,634 | +20.1% |
| Other amounts payable | 47/48 | €60,191 | €76,343 | +€16,152 | +26.8% |
| Accrued charges and deferred income | 492/3 | €774 | - | -€774 | |
| Non-recurring operating income | 76A | €118,667 | - | -€118,667 | |
| Remuneration, social security and pensions | 62 | €72,457 | €73,347 | +€889 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099 | €9,273 | +€1,174 | +14.5% |
| Other operating charges | 640/8 | €22,278 | €18,492 | -€3,786 | -17.0% |
| Gross operating margin | 9900 | €119,375 | €117,031 | -€2,344 | -2.0% |
| Operating profit (loss) | 9901 | €16,540 | €15,918 | -€622 | -3.8% |
| Financial income | 75/76B | €520 | €286 | -€234 | -45.1% |
| Recurring financial income | 75 | €520 | €286 | -€234 | -45.1% |
| Financial charges | 65/66B | €6,921 | €6,990 | +€69 | +1.0% |
| Recurring financial charges | 65 | €6,921 | €6,990 | +€69 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €10,140 | €9,214 | -€926 | -9.1% |
| Income taxes | 67/77 | €3,766 | €3,664 | -€101 | -2.7% |
| Profit (loss) for the period | 9904 | €6,374 | €5,550 | -€824 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,374 | €5,550 | -€824 | -12.9% |
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 19 October 2026 via checked.be.