SABBE & Cie: 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.
What changed
SABBE & Cie
NACE 46.311, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,576
2024 · €389,861-€391,437
Equity
€1.0m
2024 · €1.0m-€4,266
Cash
€15,069
2024 · €11,229+€3,839
Balance sheet total
€5.3m
2024 · €5.0m+€248,865
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-45.8%), from €2.2m to €1.2m
of which Trade receivables: -€927,118
- Tangible fixed assets +€679,495
up €679,495 (+31.2%), from €2.2m to €2.9m
of which Leasing and similar rights: +€804,887
- Stocks and contracts +€561,694
up €561,694 (+91.7%), from €612,731 to €1.2m
Equity and liabilities
- Debts after one year +€509,928
up €509,928 (+50.5%), from €1.0m to €1.5m
- Trade debts -€278,112
down €278,112 (-16.0%), from €1.7m to €1.5m
- Current portion of long-term debt +€129,106
up €129,106 (+44.9%), from €287,817 to €416,924
- Tax, wage and social debts -€71,319
down €71,319 (-65.3%), from €109,157 to €37,838
of which Taxes: -€68,616
Income statement
- Gross operating margin -€390,125
down €390,125 (-35.7%), from €1.1m to €703,708
- Taxes -€68,333
down €68,333, from €68,262 to -€71
- Depreciation +€58,345
up €58,345 (+24.5%), from €238,605 to €296,950
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.
Result 2024
€389,861
Gross operating margin
-€390,125
Staff costs
-€3,815
Depreciation
-€58,345
Other operating charges
-€2
Financial income
-€586
Financial charges
-€8,541
Taxes
+€68,333
Deferred taxes and other
+€1,644
Result 2025
-€1,576
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€372,271
Investment
-€979,115
Financing
+€610,683
Cash 2024
€11,229
From operations (derived)
+€372,271
Net result for the year
-€1,576
Depreciation
+€296,950
Stocks and contracts
-€561,694
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€6,092
Provisions
-€1,644
Trade debts
-€278,112
Tax, wage and social debts
-€71,319
Other debts
-€3,956
Accrued charges and deferred income
-€5,211
Investment (derived)
-€979,115
Investment in fixed assets (net)
-€979,115
Financing
+€610,683
Debts after one year
+€509,928
Current portion of long-term debt
+€129,106
Short-term financial debts
-€25,662
Contributions, distributions and other
-€2,690
Cash 2025
€15,069
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,008,909 | €5,257,775 | +€248,865 | +5.0% |
| Fixed assets | 21/28 | €2,178,541 | €2,860,706 | +€682,165 | +31.3% |
| Intangible fixed assets | 21 | €2,047 | €2,217 | +€170 | +8.3% |
| Tangible fixed assets | 22/27 | €2,176,147 | €2,855,642 | +€679,495 | +31.2% |
| Land and buildings | 22 | €602,255 | €554,525 | -€47,730 | -7.9% |
| Plant, machinery and equipment | 23 | €704,363 | €618,223 | -€86,140 | -12.2% |
| Furniture and vehicles | 24 | €169,700 | €178,178 | +€8,478 | +5.0% |
| Leasing and similar rights | 25 | €699,829 | €1,504,716 | +€804,887 | +115% |
| Financial fixed assets | 28 | €347 | €2,847 | +€2,500 | +720% |
| Current assets | 29/58 | €2,830,369 | €2,397,069 | -€433,300 | -15.3% |
| Stocks and contracts in progress | 3 | €612,731 | €1,174,424 | +€561,694 | +91.7% |
| Stocks | 30/36 | €612,731 | €1,174,424 | +€561,694 | +91.7% |
| Amounts receivable within one year | 40/41 | €2,192,028 | €1,187,103 | -€1.0m | -45.8% |
| Trade receivables | 40 | €2,114,221 | €1,187,103 | -€927,118 | -43.9% |
| Other amounts receivable | 41 | €77,807 | - | -€77,807 | |
| Cash at bank and in hand | 54/58 | €11,229 | €15,069 | +€3,839 | +34.2% |
| Deferred charges and accrued income | 490/1 | €14,381 | €20,473 | +€6,092 | +42.4% |
| Total equity and liabilities | 10/49 | €5,008,909 | €5,257,775 | +€248,865 | +5.0% |
| Equity | 10/15 | €1,018,139 | €1,013,873 | -€4,266 | -0.4% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €246,694 | €241,762 | -€4,932 | -2.0% |
| Non-distributable reserves | 130/1 | €23,537 | €23,537 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,537 | €1,537 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,157 | €68,225 | -€4,932 | -6.7% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523,310 | €526,666 | +€3,356 | +0.6% |
| Investment grants | 15 | €28,134 | €25,444 | -€2,690 | -9.6% |
| Provisions and deferred taxes | 16 | €16,440 | €14,796 | -€1,644 | -10.0% |
| Deferred taxes | 168 | €16,440 | €14,796 | -€1,644 | -10.0% |
| Amounts payable | 17/49 | €3,974,331 | €4,229,106 | +€254,775 | +6.4% |
| Amounts payable after more than one year | 17 | €1,010,055 | €1,519,983 | +€509,928 | +50.5% |
| Financial debts | 170/4 | €1,010,055 | €1,519,983 | +€509,928 | +50.5% |
| Amounts payable within one year | 42/48 | €2,955,829 | €2,705,887 | -€249,942 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €287,817 | €416,924 | +€129,106 | +44.9% |
| Financial debts | 43 | €705,649 | €679,987 | -€25,662 | -3.6% |
| Credit institutions | 430/8 | €705,649 | €679,987 | -€25,662 | -3.6% |
| Trade debts | 44 | €1,739,826 | €1,461,714 | -€278,112 | -16.0% |
| Suppliers | 440/4 | €1,739,826 | €1,461,714 | -€278,112 | -16.0% |
| Taxes, remuneration and social security | 45 | €109,157 | €37,838 | -€71,319 | -65.3% |
| Taxes | 450/3 | €71,133 | €2,516 | -€68,616 | -96.5% |
| Remuneration and social security | 454/9 | €38,024 | €35,322 | -€2,702 | -7.1% |
| Other amounts payable | 47/48 | €113,381 | €109,425 | -€3,956 | -3.5% |
| Accrued charges and deferred income | 492/3 | €8,447 | €3,236 | -€5,211 | -61.7% |
| Remuneration, social security and pensions | 62 | €273,302 | €277,116 | +€3,815 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,605 | €296,950 | +€58,345 | +24.5% |
| Other operating charges | 640/8 | €16,906 | €16,908 | +€2 | 0.0% |
| Gross operating margin | 9900 | €1,093,833 | €703,708 | -€390,125 | -35.7% |
| Operating profit (loss) | 9901 | €565,021 | €112,734 | -€452,287 | -80.0% |
| Financial income | 75/76B | €3,290 | €2,704 | -€586 | -17.8% |
| Recurring financial income | 75 | €3,290 | €2,704 | -€586 | -17.8% |
| Financial charges | 65/66B | €110,187 | €118,728 | +€8,541 | +7.8% |
| Recurring financial charges | 65 | €110,187 | €118,728 | +€8,541 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €458,124 | -€3,291 | -€461,414 | |
| Transfer from deferred taxes | 780 | - | €1,644 | +€1,644 | |
| Income taxes | 67/77 | €68,262 | -€71 | -€68,333 | |
| Profit (loss) for the period | 9904 | €389,861 | -€1,576 | -€391,437 | |
| Transfer from tax-exempt reserves | 789 | €9,657 | €4,932 | -€4,725 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €399,518 | €3,356 | -€396,162 | -99.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.