SAB BNL: 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 BNL
Largest movements
- Receivables within one year +€422,271
up €422,271 (+30.8%), from €1.4m to €1.8m
of which Trade receivables: +€675,347
- Cash -€381,058
down €381,058 (-48.3%), from €789,357 to €408,299
mainly Receivables within one year (-€422,271) and Contributions, distributions and other (-€250,000)
- Stocks and contracts +€63,257
up €63,257 (+54.5%), from €116,043 to €179,300
- Tangible fixed assets -€25,213
down €25,213 (-34.8%), from €72,425 to €47,212
- Trade debts +€274,051
up €274,051 (+53.0%), from €517,021 to €791,072
- Other debts -€113,271
down €113,271 (-26.8%), from €422,551 to €309,280
- Reserves +€78,462
up €78,462 (+7.4%), from €1.1m to €1.1m
- Tax, wage and social debts -€57,507
down €57,507 (-29.3%), from €196,294 to €138,787
of which Taxes: -€46,234
- Advances received -€48,234
down €48,234 (-15.6%), from €310,073 to €261,839
- Staff costs -€140,818
down €140,818 (-33.7%), from €418,061 to €277,242
- Gross operating margin +€107,669
up €107,669 (+20.3%), from €529,262 to €636,931
- Financial charges -€49,360
down €49,360 (-84.6%), from €58,329 to €8,969
- Taxes +€8,278
up €8,278 (+16.8%), from €49,151 to €57,428
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 | €2,348,715 | €2,427,462 | +€78,747 | +3.4% |
| Fixed assets | 21/28 | €72,425 | €47,212 | -€25,213 | -34.8% |
| Tangible fixed assets | 22/27 | €72,425 | €47,212 | -€25,213 | -34.8% |
| Furniture and vehicles | 24 | €72,425 | €47,212 | -€25,213 | -34.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,276,290 | €2,380,250 | +€103,960 | +4.6% |
| Stocks and contracts in progress | 3 | €116,043 | €179,300 | +€63,257 | +54.5% |
| Stocks | 30/36 | €116,043 | €179,300 | +€63,257 | +54.5% |
| Amounts receivable within one year | 40/41 | €1,370,380 | €1,792,651 | +€422,271 | +30.8% |
| Trade receivables | 40 | €991,339 | €1,666,686 | +€675,347 | +68.1% |
| Other amounts receivable | 41 | €379,040 | €125,964 | -€253,076 | -66.8% |
| Cash at bank and in hand | 54/58 | €789,357 | €408,299 | -€381,058 | -48.3% |
| Deferred charges and accrued income | 490/1 | €511 | €0 | -€511 | -100% |
| Total equity and liabilities | 10/49 | €2,348,715 | €2,427,462 | +€78,747 | +3.4% |
| Equity | 10/15 | €870,976 | €912,536 | +€41,560 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,055,612 | €1,134,074 | +€78,462 | +7.4% |
| Distributable reserves | 133 | €1,055,612 | €1,134,074 | +€78,462 | +7.4% |
| Profit (loss) carried forward | 14 | -€203,236 | -€240,138 | -€36,902 | -18.2% |
| Amounts payable | 17/49 | €1,477,740 | €1,514,926 | +€37,187 | +2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,456,278 | €1,500,978 | +€44,699 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €10,339 | €0 | -€10,339 | -100% |
| Trade debts | 44 | €517,021 | €791,072 | +€274,051 | +53.0% |
| Suppliers | 440/4 | €517,021 | €791,072 | +€274,051 | +53.0% |
| Advances received on contracts in progress | 46 | €310,073 | €261,839 | -€48,234 | -15.6% |
| Taxes, remuneration and social security | 45 | €196,294 | €138,787 | -€57,507 | -29.3% |
| Taxes | 450/3 | €167,238 | €121,004 | -€46,234 | -27.6% |
| Remuneration and social security | 454/9 | €29,056 | €17,783 | -€11,273 | -38.8% |
| Other amounts payable | 47/48 | €422,551 | €309,280 | -€113,271 | -26.8% |
| Accrued charges and deferred income | 492/3 | €21,461 | €13,948 | -€7,513 | -35.0% |
| Remuneration, social security and pensions | 62 | €418,061 | €277,242 | -€140,818 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,212 | €27,300 | +€6,088 | +28.7% |
| Other operating charges | 640/8 | €1,489 | €1,165 | -€323 | -21.7% |
| Non-recurring operating charges | 66A | - | €36,902 | +€36,902 | |
| Gross operating margin | 9900 | €529,262 | €636,931 | +€107,669 | +20.3% |
| Operating profit (loss) | 9901 | €88,501 | €294,322 | +€205,821 | +233% |
| Financial income | 75/76B | €59,389 | €63,636 | +€4,247 | +7.2% |
| Recurring financial income | 75 | €59,389 | €63,636 | +€4,247 | +7.2% |
| Financial charges | 65/66B | €58,329 | €8,969 | -€49,360 | -84.6% |
| Recurring financial charges | 65 | €58,329 | €8,969 | -€49,360 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €89,560 | €348,989 | +€259,428 | +290% |
| Income taxes | 67/77 | €49,151 | €57,428 | +€8,278 | +16.8% |
| Profit (loss) for the period | 9904 | €40,409 | €291,560 | +€251,151 | +622% |
| Profit (loss) for the period to be appropriated | 9905 | €40,409 | €291,560 | +€251,151 | +622% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.