SABAX: 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.
SABAX
Largest movements
- Receivables within one year +€79,748
up €79,748 (+20.5%), from €389,950 to €469,699
of which Other amounts receivable: +€178,231
- Deferred charges and accrued income -€34,307
down €34,307 (-100%), from €34,307 to €0
- Tangible fixed assets +€8,608
up €8,608 (+7.8%), from €110,079 to €118,687
of which Furniture and vehicles: +€12,034
- Debts after one year +€55,908
new in 2025: €55,908
- Reserves +€36,266
up €36,266 (+6.9%), from €526,259 to €562,525
of which Distributable reserves: +€36,266
- Tax, wage and social debts -€22,924
down €22,924 (-26.1%), from €87,820 to €64,896
of which Taxes: -€23,438
- Trade debts -€10,735
down €10,735 (-45.4%), from €23,668 to €12,934
- Gross operating margin -€142,614
down €142,614 (-61.3%), from €232,839 to €90,225
- Taxes -€45,336
down €45,336 (-72.6%), from €62,425 to €17,089
- Depreciation -€10,900
down €10,900 (-38.0%), from €28,712 to €17,812
- Other operating charges +€5,683
up €5,683 (+570%), from €997 to €6,680
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 | €694,818 | €744,901 | +€50,083 | +7.2% |
| Fixed assets | 21/28 | €115,162 | €123,173 | +€8,011 | +7.0% |
| Intangible fixed assets | 21 | €3,583 | €2,986 | -€597 | -16.7% |
| Tangible fixed assets | 22/27 | €110,079 | €118,687 | +€8,608 | +7.8% |
| Plant, machinery and equipment | 23 | €29,719 | €26,294 | -€3,425 | -11.5% |
| Furniture and vehicles | 24 | €80,359 | €92,393 | +€12,034 | +15.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €579,656 | €621,728 | +€42,072 | +7.3% |
| Stocks and contracts in progress | 3 | €53,474 | €53,474 | = | 0.0% |
| Stocks | 30/36 | €53,474 | €53,474 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €389,950 | €469,699 | +€79,748 | +20.5% |
| Trade receivables | 40 | €284,555 | €186,072 | -€98,483 | -34.6% |
| Other amounts receivable | 41 | €105,395 | €283,626 | +€178,231 | +169% |
| Cash at bank and in hand | 54/58 | €101,924 | €98,555 | -€3,369 | -3.3% |
| Deferred charges and accrued income | 490/1 | €34,307 | €0 | -€34,307 | -100% |
| Total equity and liabilities | 10/49 | €694,818 | €744,901 | +€50,083 | +7.2% |
| Equity | 10/15 | €544,859 | €581,125 | +€36,266 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €526,259 | €562,525 | +€36,266 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €524,399 | €560,665 | +€36,266 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €149,959 | €163,776 | +€13,817 | +9.2% |
| Amounts payable after more than one year | 17 | - | €55,908 | +€55,908 | |
| Financial debts | 170/4 | - | €55,908 | +€55,908 | |
| Amounts payable within one year | 42/48 | €142,416 | €103,695 | -€38,721 | -27.2% |
| Trade debts | 44 | €23,668 | €12,934 | -€10,735 | -45.4% |
| Suppliers | 440/4 | €23,668 | €12,934 | -€10,735 | -45.4% |
| Taxes, remuneration and social security | 45 | €87,820 | €64,896 | -€22,924 | -26.1% |
| Taxes | 450/3 | €85,388 | €61,950 | -€23,438 | -27.4% |
| Remuneration and social security | 454/9 | €2,432 | €2,945 | +€514 | +21.1% |
| Other amounts payable | 47/48 | €30,928 | €25,866 | -€5,062 | -16.4% |
| Accrued charges and deferred income | 492/3 | €7,543 | €4,173 | -€3,370 | -44.7% |
| Remuneration, social security and pensions | 62 | €17,184 | €17,574 | +€389 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,712 | €17,812 | -€10,900 | -38.0% |
| Other operating charges | 640/8 | €997 | €6,680 | +€5,683 | +570% |
| Gross operating margin | 9900 | €232,839 | €90,225 | -€142,614 | -61.3% |
| Operating profit (loss) | 9901 | €185,946 | €48,160 | -€137,786 | -74.1% |
| Financial income | 75/76B | €5,642 | €6,245 | +€602 | +10.7% |
| Recurring financial income | 75 | €5,642 | €6,245 | +€602 | +10.7% |
| Financial charges | 65/66B | €491 | €1,050 | +€559 | +114% |
| Recurring financial charges | 65 | €491 | €1,050 | +€559 | +114% |
| Profit (loss) for the period before taxes | 9903 | €191,097 | €53,355 | -€137,742 | -72.1% |
| Income taxes | 67/77 | €62,425 | €17,089 | -€45,336 | -72.6% |
| Profit (loss) for the period | 9904 | €128,672 | €36,266 | -€92,407 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €128,672 | €36,266 | -€92,407 | -71.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.