SABBE-DESANDER: 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.
SABBE-DESANDER
Largest movements
- Tangible fixed assets -€36,971
down €36,971 (-11.4%), from €324,089 to €287,118
of which Leasing and similar rights: -€30,443
- Receivables within one year +€23,163
up €23,163 (+90.3%), from €25,663 to €48,827
of which Trade receivables: +€27,666
- Stocks and contracts +€18,701
up €18,701 (+62.4%), from €29,972 to €48,672
- Cash -€12,250
down €12,250 (-41.8%), from €29,274 to €17,024
mainly Debts after one year (-€30,310) and Receivables within one year (-€23,163)
- Debts after one year -€30,310
down €30,310 (-12.1%), from €249,921 to €219,611
- Trade debts +€19,909
up €19,909, from €0 to €19,909
- Accrued charges and deferred income -€4,709
down €4,709 (-100%), from €4,709 to €0
- Reserves +€4,602
up €4,602 (+6.2%), from €74,336 to €78,937
- Depreciation +€14,452
up €14,452 (+59.9%), from €24,142 to €38,595
- Gross operating margin +€6,711
up €6,711 (+12.8%), from €52,588 to €59,299
- Financial charges +€2,550
up €2,550 (+28.3%), from €8,995 to €11,545
- Other operating charges +€1,244
up €1,244 (+74.6%), from €1,668 to €2,912
- Taxes +€1,131
up €1,131 (+79.7%), from €1,420 to €2,552
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 | €409,873 | €401,985 | -€7,888 | -1.9% |
| Fixed assets | 21/28 | €324,224 | €287,253 | -€36,971 | -11.4% |
| Tangible fixed assets | 22/27 | €324,089 | €287,118 | -€36,971 | -11.4% |
| Land and buildings | 22 | €20,532 | €17,748 | -€2,784 | -13.6% |
| Plant, machinery and equipment | 23 | €17,641 | €15,428 | -€2,213 | -12.5% |
| Furniture and vehicles | 24 | €3,831 | €2,300 | -€1,532 | -40.0% |
| Leasing and similar rights | 25 | €282,084 | €251,642 | -€30,443 | -10.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €85,650 | €114,733 | +€29,083 | +34.0% |
| Stocks and contracts in progress | 3 | €29,972 | €48,672 | +€18,701 | +62.4% |
| Stocks | 30/36 | €29,972 | €48,672 | +€18,701 | +62.4% |
| Amounts receivable within one year | 40/41 | €25,663 | €48,827 | +€23,163 | +90.3% |
| Trade receivables | 40 | €17,686 | €45,352 | +€27,666 | +156% |
| Other amounts receivable | 41 | €7,978 | €3,475 | -€4,502 | -56.4% |
| Cash at bank and in hand | 54/58 | €29,274 | €17,024 | -€12,250 | -41.8% |
| Deferred charges and accrued income | 490/1 | €740 | €209 | -€531 | -71.7% |
| Total equity and liabilities | 10/49 | €409,873 | €401,985 | -€7,888 | -1.9% |
| Equity | 10/15 | €124,336 | €128,937 | +€4,602 | +3.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €74,336 | €78,937 | +€4,602 | +6.2% |
| Distributable reserves | 133 | €74,336 | €78,937 | +€4,602 | +6.2% |
| Amounts payable | 17/49 | €285,538 | €273,048 | -€12,490 | -4.4% |
| Amounts payable after more than one year | 17 | €249,921 | €219,611 | -€30,310 | -12.1% |
| Financial debts | 170/4 | €249,921 | €219,611 | -€30,310 | -12.1% |
| Amounts payable within one year | 42/48 | €30,908 | €53,437 | +€22,529 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €29,132 | €30,310 | +€1,178 | +4.0% |
| Trade debts | 44 | €0 | €19,909 | +€19,909 | |
| Suppliers | 440/4 | €0 | €19,909 | +€19,909 | |
| Taxes, remuneration and social security | 45 | €1,776 | €3,218 | +€1,442 | +81.2% |
| Taxes | 450/3 | €1,776 | €3,218 | +€1,442 | +81.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,709 | €0 | -€4,709 | -100% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,142 | €38,595 | +€14,452 | +59.9% |
| Other operating charges | 640/8 | €1,668 | €2,912 | +€1,244 | +74.6% |
| Non-recurring operating charges | 66A | €737 | €0 | -€737 | -100% |
| Gross operating margin | 9900 | €52,588 | €59,299 | +€6,711 | +12.8% |
| Operating profit (loss) | 9901 | €26,040 | €17,793 | -€8,248 | -31.7% |
| Financial income | 75/76B | €1,121 | €905 | -€216 | -19.2% |
| Recurring financial income | 75 | €1,121 | €905 | -€216 | -19.2% |
| Financial charges | 65/66B | €8,995 | €11,545 | +€2,550 | +28.3% |
| Recurring financial charges | 65 | €8,995 | €11,545 | +€2,550 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €18,166 | €7,153 | -€11,013 | -60.6% |
| Income taxes | 67/77 | €1,420 | €2,552 | +€1,131 | +79.7% |
| Profit (loss) for the period | 9904 | €16,746 | €4,602 | -€12,144 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,746 | €4,602 | -€12,144 | -72.5% |
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 18 October 2026 via checked.be.