SABABA: 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.
SABABA
Largest movements
- Current investments -€124,839
down €124,839 (-96.0%), from €130,000 to €5,161
- Cash -€25,704
down €25,704 (-50.2%), from €51,231 to €25,526
mainly Contributions, distributions and other (-€548,290) and Current portion of long-term debt (-€22,369)
- Tangible fixed assets -€22,581
down €22,581 (-4.1%), from €545,278 to €522,697
of which Land and buildings: -€20,773
- Receivables within one year -€10,103
down €10,103 (-43.0%), from €23,523 to €13,420
of which Trade receivables: -€16,319
- Reserves -€423,620
down €423,620 (-94.5%), from €448,290 to €24,671
- Other debts +€288,431
up €288,431 (+157.0%), from €183,662 to €472,093
- Current portion of long-term debt -€22,369
down €22,369 (-64.9%), from €34,441 to €12,073
- Debts after one year -€12,073
down €12,073 (-19.9%), from €60,685 to €48,613
- Gross operating margin +€69,355
up €69,355 (+61.4%), from €113,048 to €182,403
- Taxes +€17,906
up €17,906 (+133.3%), from €13,431 to €31,337
- Financial income +€12,470
up €12,470 (+971.7%), from €1,283 to €13,754
of which Financial income: +€12,470
- Financial charges +€3,233
up €3,233 (+39.8%), from €8,118 to €11,351
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 | €760,528 | €582,410 | -€178,118 | -23.4% |
| Fixed assets | 21/28 | €545,278 | €522,697 | -€22,581 | -4.1% |
| Tangible fixed assets | 22/27 | €545,278 | €522,697 | -€22,581 | -4.1% |
| Land and buildings | 22 | €542,064 | €521,291 | -€20,773 | -3.8% |
| Plant, machinery and equipment | 23 | €2,966 | €1,406 | -€1,560 | -52.6% |
| Furniture and vehicles | 24 | €248 | €0 | -€248 | -100.0% |
| Current assets | 29/58 | €215,250 | €59,714 | -€155,537 | -72.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,523 | €13,420 | -€10,103 | -43.0% |
| Trade receivables | 40 | €20,633 | €4,314 | -€16,319 | -79.1% |
| Other amounts receivable | 41 | €2,890 | €9,106 | +€6,216 | +215.1% |
| Current investments | 50/53 | €130,000 | €5,161 | -€124,839 | -96.0% |
| Cash at bank and in hand | 54/58 | €51,231 | €25,526 | -€25,704 | -50.2% |
| Deferred charges and accrued income | 490/1 | €10,497 | €15,607 | +€5,110 | +48.7% |
| Total equity and liabilities | 10/49 | €760,528 | €582,410 | -€178,118 | -23.4% |
| Equity | 10/15 | €460,690 | €37,071 | -€423,620 | -92.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €448,290 | €24,671 | -€423,620 | -94.5% |
| Distributable reserves | 133 | €448,290 | €24,671 | -€423,620 | -94.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €299,838 | €545,340 | +€245,502 | +81.9% |
| Amounts payable after more than one year | 17 | €60,685 | €48,613 | -€12,073 | -19.9% |
| Financial debts | 170/4 | €60,685 | €48,613 | -€12,073 | -19.9% |
| Amounts payable within one year | 42/48 | €231,438 | €489,662 | +€258,225 | +111.6% |
| Current portion of amounts payable after more than one year | 42 | €34,441 | €12,073 | -€22,369 | -64.9% |
| Financial debts | 43 | €30 | €602 | +€572 | +1906.8% |
| Credit institutions | 430/8 | €30 | €602 | +€572 | +1906.8% |
| Trade debts | 44 | €9,255 | €4,895 | -€4,360 | -47.1% |
| Suppliers | 440/4 | €9,255 | €4,895 | -€4,360 | -47.1% |
| Taxes, remuneration and social security | 45 | €4,050 | €0 | -€4,050 | -100.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €4,050 | €0 | -€4,050 | -100.0% |
| Other amounts payable | 47/48 | €183,662 | €472,093 | +€288,431 | +157.0% |
| Accrued charges and deferred income | 492/3 | €7,715 | €7,065 | -€650 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,685 | €22,581 | -€103 | -0.5% |
| Other operating charges | 640/8 | €4,259 | €4,117 | -€142 | -3.3% |
| Non-recurring operating charges | 66A | - | €2,100 | +€2,100 | |
| Gross operating margin | 9900 | €113,048 | €182,403 | +€69,355 | +61.4% |
| Operating profit (loss) | 9901 | €86,104 | €153,604 | +€67,501 | +78.4% |
| Financial income | 75/76B | €1,283 | €13,754 | +€12,470 | +971.7% |
| Recurring financial income | 75 | €1,283 | €13,754 | +€12,470 | +971.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,118 | €11,351 | +€3,233 | +39.8% |
| Recurring financial charges | 65 | €8,118 | €11,351 | +€3,233 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €79,269 | €156,008 | +€76,738 | +96.8% |
| Income taxes | 67/77 | €13,431 | €31,337 | +€17,906 | +133.3% |
| Profit (loss) for the period | 9904 | €65,839 | €124,671 | +€58,832 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,839 | €124,671 | +€58,832 | +89.4% |
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 28 September 2026 via checked.be.