SAB NET: 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 NET
Largest movements
- Receivables within one year +€22,807
up €22,807 (+83.1%), from €27,455 to €50,262
of which Trade receivables: +€21,677
- Tangible fixed assets +€12,373
up €12,373 (+113.4%), from €10,915 to €23,288
of which Leasing and similar rights: +€17,183
- Cash +€4,697
up €4,697 (+45.7%), from €10,282 to €14,979
mainly Trade debts (+€14,344) and Debts after one year (+€13,671)
- Trade debts +€14,344
up €14,344 (+413.5%), from €3,469 to €17,812
- Debts after one year +€13,671
new in 2025: €13,671
- Profit (loss) carried forward +€4,903
up €4,903 (+27.6%), from €17,738 to €22,641
- Tax, wage and social debts +€3,749
up €3,749 (+29.7%), from €12,626 to €16,375
of which Remuneration and social security: +€2,849
- Other debts +€3,318
up €3,318 (+60.4%), from €5,493 to €8,811
- Gross operating margin +€24,328
up €24,328 (+26.8%), from €90,766 to €115,094
- Staff costs +€6,855
up €6,855 (+7.7%), from €88,529 to €95,384
- Taxes +€3,443
up €3,443 (+805.0%), from €428 to €3,870
- Depreciation +€2,930
up €2,930 (+46.8%), from €6,254 to €9,184
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 | €49,016 | €89,149 | +€40,133 | +81.9% |
| Fixed assets | 21/28 | €11,278 | €23,651 | +€12,373 | +109.7% |
| Tangible fixed assets | 22/27 | €10,915 | €23,288 | +€12,373 | +113.4% |
| Plant, machinery and equipment | 23 | €4,415 | €2,293 | -€2,122 | -48.1% |
| Furniture and vehicles | 24 | €6,500 | €3,813 | -€2,688 | -41.3% |
| Leasing and similar rights | 25 | - | €17,183 | +€17,183 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €37,738 | €65,498 | +€27,760 | +73.6% |
| Amounts receivable within one year | 40/41 | €27,455 | €50,262 | +€22,807 | +83.1% |
| Trade receivables | 40 | €21,001 | €42,678 | +€21,677 | +103.2% |
| Other amounts receivable | 41 | €6,454 | €7,584 | +€1,130 | +17.5% |
| Cash at bank and in hand | 54/58 | €10,282 | €14,979 | +€4,697 | +45.7% |
| Deferred charges and accrued income | 490/1 | - | €257 | +€257 | |
| Total equity and liabilities | 10/49 | €49,016 | €89,149 | +€40,133 | +81.9% |
| Equity | 10/15 | €22,057 | €26,960 | +€4,903 | +22.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,319 | €3,319 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,319 | €3,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,738 | €22,641 | +€4,903 | +27.6% |
| Amounts payable | 17/49 | €26,959 | €62,189 | +€35,230 | +130.7% |
| Amounts payable after more than one year | 17 | - | €13,671 | +€13,671 | |
| Financial debts | 170/4 | - | €13,671 | +€13,671 | |
| Amounts payable within one year | 42/48 | €26,959 | €48,518 | +€21,559 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €5,371 | €5,519 | +€149 | +2.8% |
| Trade debts | 44 | €3,469 | €17,812 | +€14,344 | +413.5% |
| Suppliers | 440/4 | €3,469 | €17,812 | +€14,344 | +413.5% |
| Taxes, remuneration and social security | 45 | €12,626 | €16,375 | +€3,749 | +29.7% |
| Taxes | 450/3 | €1,761 | €2,660 | +€900 | +51.1% |
| Remuneration and social security | 454/9 | €10,865 | €13,715 | +€2,849 | +26.2% |
| Other amounts payable | 47/48 | €5,493 | €8,811 | +€3,318 | +60.4% |
| Non-recurring operating income | 76A | - | €3,127 | +€3,127 | |
| Remuneration, social security and pensions | 62 | €88,529 | €95,384 | +€6,855 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,254 | €9,184 | +€2,930 | +46.8% |
| Other operating charges | 640/8 | €384 | €396 | +€11 | +3.0% |
| Gross operating margin | 9900 | €90,766 | €115,094 | +€24,328 | +26.8% |
| Operating profit (loss) | 9901 | -€4,402 | €10,131 | +€14,533 | |
| Financial income | 75/76B | €12 | €5 | -€7 | -58.4% |
| Recurring financial income | 75 | €12 | €5 | -€7 | -58.4% |
| Financial charges | 65/66B | €2,217 | €1,362 | -€854 | -38.5% |
| Recurring financial charges | 65 | €2,217 | €1,362 | -€854 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,606 | €8,773 | +€15,380 | |
| Income taxes | 67/77 | €428 | €3,870 | +€3,443 | +805.0% |
| Profit (loss) for the period | 9904 | -€7,034 | €4,903 | +€11,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,034 | €4,903 | +€11,937 |
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 10 October 2026 via checked.be.