SABBE: 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.
SABBE
Largest movements
- Tangible fixed assets -€118,462
down €118,462 (-12.0%), from €984,834 to €866,372
of which Land and buildings: -€77,783
- Debts after one year -€64,301
down €64,301 (-21.1%), from €304,633 to €240,332
of which Financial debts: -€64,301
- Other debts -€19,883
down €19,883 (-4.5%), from €440,078 to €420,195
- Current portion of long-term debt -€14,769
down €14,769 (-18.7%), from €79,070 to €64,301
- Depreciation +€35,017
up €35,017 (+42.0%), from €83,445 to €118,462
- Staff costs -€16,435
down €16,435 (-89.6%), from €18,347 to €1,912
- Gross operating margin +€8,178
up €8,178 (+6.3%), from €130,787 to €138,965
- Financial charges -€1,409
down €1,409 (-12.9%), from €10,926 to €9,518
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,068,888 | €951,847 | -€117,041 | -10.9% |
| Fixed assets | 21/28 | €984,834 | €866,372 | -€118,462 | -12.0% |
| Tangible fixed assets | 22/27 | €984,834 | €866,372 | -€118,462 | -12.0% |
| Land and buildings | 22 | €815,694 | €737,910 | -€77,783 | -9.5% |
| Plant, machinery and equipment | 23 | €11,288 | €9,408 | -€1,880 | -16.7% |
| Furniture and vehicles | 24 | €138,363 | €108,875 | -€29,488 | -21.3% |
| Leasing and similar rights | 25 | €19,490 | €10,178 | -€9,311 | -47.8% |
| Current assets | 29/58 | €84,053 | €85,474 | +€1,421 | +1.7% |
| Amounts receivable within one year | 40/41 | €51,950 | €52,722 | +€771 | +1.5% |
| Trade receivables | 40 | €46,974 | €44,689 | -€2,285 | -4.9% |
| Other amounts receivable | 41 | €4,976 | €8,033 | +€3,057 | +61.4% |
| Cash at bank and in hand | 54/58 | €26,038 | €25,131 | -€907 | -3.5% |
| Deferred charges and accrued income | 490/1 | €6,065 | €7,621 | +€1,557 | +25.7% |
| Total equity and liabilities | 10/49 | €1,068,888 | €951,847 | -€117,041 | -10.9% |
| Equity | 10/15 | €218,206 | €213,040 | -€5,167 | -2.4% |
| Contributions | 10/11 | €11,207 | €11,207 | = | 0.0% |
| Reserves | 13 | €206,999 | €201,833 | -€5,167 | -2.5% |
| Distributable reserves | 133 | €206,999 | €201,833 | -€5,167 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €850,681 | €738,807 | -€111,874 | -13.2% |
| Amounts payable after more than one year | 17 | €304,633 | €240,332 | -€64,301 | -21.1% |
| Financial debts | 170/4 | €301,291 | €236,990 | -€64,301 | -21.3% |
| Other amounts payable | 178/9 | €3,342 | €3,342 | = | 0.0% |
| Amounts payable within one year | 42/48 | €546,048 | €498,475 | -€47,573 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €79,070 | €64,301 | -€14,769 | -18.7% |
| Trade debts | 44 | €9,081 | €5,209 | -€3,872 | -42.6% |
| Suppliers | 440/4 | €9,081 | €5,209 | -€3,872 | -42.6% |
| Taxes, remuneration and social security | 45 | €17,819 | €8,771 | -€9,049 | -50.8% |
| Taxes | 450/3 | €16,559 | €7,511 | -€9,049 | -54.6% |
| Remuneration and social security | 454/9 | €1,260 | €1,260 | = | 0.0% |
| Other amounts payable | 47/48 | €440,078 | €420,195 | -€19,883 | -4.5% |
| Non-recurring operating income | 76A | €33,894 | €0 | -€33,894 | -100.0% |
| Remuneration, social security and pensions | 62 | €18,347 | €1,912 | -€16,435 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,445 | €118,462 | +€35,017 | +42.0% |
| Other operating charges | 640/8 | €13,537 | €13,443 | -€94 | -0.7% |
| Gross operating margin | 9900 | €130,787 | €138,965 | +€8,178 | +6.3% |
| Operating profit (loss) | 9901 | €15,458 | €5,147 | -€10,310 | -66.7% |
| Financial income | 75/76B | €524 | €3 | -€521 | -99.4% |
| Recurring financial income | 75 | €524 | €3 | -€521 | -99.4% |
| Financial charges | 65/66B | €10,926 | €9,518 | -€1,409 | -12.9% |
| Recurring financial charges | 65 | €10,926 | €9,518 | -€1,409 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €5,055 | -€4,368 | -€9,423 | |
| Income taxes | 67/77 | €1,986 | €799 | -€1,187 | -59.8% |
| Profit (loss) for the period | 9904 | €3,070 | -€5,167 | -€8,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,070 | -€5,167 | -€8,236 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.