SABATIM: what changed
What changed
SABATIM
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€670,192
2024 · €592,689+€77,504
Equity
€2.6m
2024 · €2.4m+€267,396
Cash
€693,780
2024 · €330,837+€362,943
Balance sheet total
€3.2m
2024 · €3.0m+€265,345
Largest movements
Assets
- Current investments -€514,311
down €514,311 (-21.8%), from €2.4m to €1.8m
- Receivables within one year +€363,066
up €363,066 (+623%), from €58,281 to €421,347
of which Other amounts receivable: +€369,291
- Cash +€362,943
up €362,943 (+110%), from €330,837 to €693,780
mainly Net result for the year (+€670,192) and Current investments (+€514,311)
- Financial fixed assets +€61,990
up €61,990 (+31.4%), from €197,720 to €259,710
Equity and liabilities
- Reserves +€267,396
up €267,396 (+11.6%), from €2.3m to €2.6m
of which Distributable reserves: +€267,396
- Trade debts -€61,165
down €61,165 (-78.4%), from €78,006 to €16,841
- Other debts +€59,111
up €59,111 (+13.9%), from €424,018 to €483,129
Income statement
- Financial income +€79,631
up €79,631 (+16.8%), from €473,483 to €553,114
of which Financial income: +€88,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€592,689
Gross operating margin
-€2,322
Staff costs
-€665
Depreciation
+€605
Other operating charges
-€8
Other operating items
+€74
Financial income
+€79,631
Financial charges
+€1,316
Taxes
-€1,127
Result 2025
€670,192
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€316,282
Investment
+€449,458
Financing
-€402,797
Cash 2024
€330,837
From operations (derived)
+€316,282
Net result for the year
+€670,192
Depreciation
+€11,785
Receivables within one year
-€363,066
Smaller working-capital items
-€576
Trade debts
-€61,165
Other debts
+€59,111
Investment (derived)
+€449,458
Investment in fixed assets (net)
-€64,853
Current investments
+€514,311
Financing
-€402,797
Contributions, distributions and other
-€402,797
Cash 2025
€693,780
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,967,543 | €3,232,887 | +€265,345 | +8.9% |
| Fixed assets | 21/28 | €215,563 | €268,631 | +€53,068 | +24.6% |
| Tangible fixed assets | 22/27 | €17,843 | €8,921 | -€8,922 | -50.0% |
| Plant, machinery and equipment | 23 | €1,121 | €816 | -€305 | -27.2% |
| Furniture and vehicles | 24 | €16,722 | €8,104 | -€8,617 | -51.5% |
| Financial fixed assets | 28 | €197,720 | €259,710 | +€61,990 | +31.4% |
| Current assets | 29/58 | €2,751,980 | €2,964,257 | +€212,277 | +7.7% |
| Amounts receivable within one year | 40/41 | €58,281 | €421,347 | +€363,066 | +623% |
| Trade receivables | 40 | €58,281 | €52,056 | -€6,225 | -10.7% |
| Other amounts receivable | 41 | - | €369,291 | +€369,291 | |
| Current investments | 50/53 | €2,360,228 | €1,845,917 | -€514,311 | -21.8% |
| Cash at bank and in hand | 54/58 | €330,837 | €693,780 | +€362,943 | +110% |
| Deferred charges and accrued income | 490/1 | €2,633 | €3,212 | +€579 | +22.0% |
| Total equity and liabilities | 10/49 | €2,967,543 | €3,232,887 | +€265,345 | +8.9% |
| Equity | 10/15 | €2,367,598 | €2,634,993 | +€267,396 | +11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,305,598 | €2,572,993 | +€267,396 | +11.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,299,398 | €2,566,793 | +€267,396 | +11.6% |
| Amounts payable | 17/49 | €599,945 | €597,894 | -€2,051 | -0.3% |
| Amounts payable within one year | 42/48 | €577,872 | €577,435 | -€437 | -0.1% |
| Trade debts | 44 | €78,006 | €16,841 | -€61,165 | -78.4% |
| Suppliers | 440/4 | €78,006 | €16,841 | -€61,165 | -78.4% |
| Taxes, remuneration and social security | 45 | €75,849 | €77,466 | +€1,617 | +2.1% |
| Taxes | 450/3 | €68,637 | €71,274 | +€2,637 | +3.8% |
| Remuneration and social security | 454/9 | €7,212 | €6,192 | -€1,020 | -14.1% |
| Other amounts payable | 47/48 | €424,018 | €483,129 | +€59,111 | +13.9% |
| Accrued charges and deferred income | 492/3 | €22,073 | €20,459 | -€1,614 | -7.3% |
| Non-recurring operating income | 76A | €1,169 | €3,445 | +€2,276 | +195% |
| Remuneration, social security and pensions | 62 | €56,421 | €57,086 | +€665 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,390 | €11,785 | -€605 | -4.9% |
| Other operating charges | 640/8 | €605 | €613 | +€8 | +1.4% |
| Non-recurring operating charges | 66A | €344 | €271 | -€74 | -21.4% |
| Gross operating margin | 9900 | €352,447 | €350,124 | -€2,322 | -0.7% |
| Operating profit (loss) | 9901 | €282,686 | €280,369 | -€2,317 | -0.8% |
| Financial income | 75/76B | €473,483 | €553,114 | +€79,631 | +16.8% |
| Recurring financial income | 75 | €464,474 | €553,114 | +€88,640 | +19.1% |
| Non-recurring financial income | 76B | €9,009 | - | -€9,009 | |
| Financial charges | 65/66B | €24,111 | €22,794 | -€1,316 | -5.5% |
| Recurring financial charges | 65 | €22,584 | €20,910 | -€1,674 | -7.4% |
| Non-recurring financial charges | 66B | €1,527 | €1,884 | +€357 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €732,058 | €810,688 | +€78,630 | +10.7% |
| Income taxes | 67/77 | €139,369 | €140,496 | +€1,127 | +0.8% |
| Profit (loss) for the period | 9904 | €592,689 | €670,192 | +€77,504 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €592,689 | €670,192 | +€77,504 | +13.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.