SAB INVEST: 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.
SAB INVEST
Largest movements
- Financial fixed assets +€8.8m
up €8.8m (+4714.7%), from €186,752 to €9.0m
- Cash +€4.4m
up €4.4m (+2179.5%), from €200,162 to €4.6m
mainly Contributions, distributions and other (+€10.7m) and Net result for the year (+€2.4m)
- Reserves +€8.9m
up €8.9m (+143145.1%), from €6,200 to €8.9m
of which Distributable reserves: +€8.7m
- Profit (loss) carried forward +€2.4m
up €2.4m (+1223.7%), from €195,444 to €2.6m
- Contributions +€1.9m
up €1.9m (+2986.5%), from €62,000 to €1.9m
- Financial income -€1.3m
down €1.3m (-32.5%), from €4.0m to €2.7m
- Taxes -€761,861
down €761,861 (-77.6%), from €981,843 to €219,981
- Other operating charges +€19,769
up €19,769 (+87.5%), from €22,586 to €42,355
- Gross operating margin -€8,859
down €8,859 (-139.2%), from -€6,364 to -€15,223
- Financial charges +€1,269
up €1,269 (+437.4%), from €290 to €1,559
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 | €386,914 | €13,554,430 | +€13.2m | +3403.2% |
| Fixed assets | 21/28 | €186,752 | €8,991,489 | +€8.8m | +4714.7% |
| Financial fixed assets | 28 | €186,752 | €8,991,489 | +€8.8m | +4714.7% |
| Current assets | 29/58 | €200,162 | €4,562,941 | +€4.4m | +2179.6% |
| Amounts receivable within one year | 40/41 | - | €170 | +€170 | |
| Other amounts receivable | 41 | - | €170 | +€170 | |
| Cash at bank and in hand | 54/58 | €200,162 | €4,562,771 | +€4.4m | +2179.5% |
| Total equity and liabilities | 10/49 | €386,914 | €13,554,430 | +€13.2m | +3403.2% |
| Equity | 10/15 | €263,644 | €13,381,876 | +€13.1m | +4975.7% |
| Contributions | 10/11 | €62,000 | €1,913,647 | +€1.9m | +2986.5% |
| Capital | 10 | €62,000 | €1,913,647 | +€1.9m | +2986.5% |
| Issued capital | 100 | €62,000 | €1,913,647 | +€1.9m | +2986.5% |
| Reserves | 13 | €6,200 | €8,881,199 | +€8.9m | +143145.1% |
| Non-distributable reserves | 130/1 | €6,200 | €226,526 | +€220,326 | +3553.7% |
| Legal reserve | 130 | €6,200 | €226,526 | +€220,326 | +3553.7% |
| Distributable reserves | 133 | - | €8,654,673 | +€8.7m | |
| Profit (loss) carried forward | 14 | €195,444 | €2,587,030 | +€2.4m | +1223.7% |
| Amounts payable | 17/49 | €123,269 | €172,554 | +€49,284 | +40.0% |
| Amounts payable within one year | 42/48 | €123,269 | €172,554 | +€49,284 | +40.0% |
| Trade debts | 44 | €451 | €998 | +€548 | +121.4% |
| Suppliers | 440/4 | €451 | €998 | +€548 | +121.4% |
| Taxes, remuneration and social security | 45 | €116,291 | €171,499 | +€55,207 | +47.5% |
| Taxes | 450/3 | €116,291 | €171,499 | +€55,207 | +47.5% |
| Other amounts payable | 47/48 | €6,527 | €56 | -€6,471 | -99.1% |
| Other operating charges | 640/8 | €22,586 | €42,355 | +€19,769 | +87.5% |
| Gross operating margin | 9900 | -€6,364 | -€15,223 | -€8,859 | -139.2% |
| Operating profit (loss) | 9901 | -€28,949 | -€57,577 | -€28,628 | -98.9% |
| Financial income | 75/76B | €3,956,610 | €2,670,703 | -€1.3m | -32.5% |
| Recurring financial income | 75 | €3,956,610 | €2,670,703 | -€1.3m | -32.5% |
| Financial charges | 65/66B | €290 | €1,559 | +€1,269 | +437.4% |
| Recurring financial charges | 65 | €290 | €1,559 | +€1,269 | +437.4% |
| Profit (loss) for the period before taxes | 9903 | €3,927,370 | €2,611,567 | -€1.3m | -33.5% |
| Income taxes | 67/77 | €981,843 | €219,981 | -€761,861 | -77.6% |
| Profit (loss) for the period | 9904 | €2,945,528 | €2,391,586 | -€553,942 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,945,528 | €2,391,586 | -€553,942 | -18.8% |
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.