Sabbe Marc: 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 Marc
Largest movements
- Receivables within one year +€31,490
up €31,490 (+57.9%), from €54,365 to €85,855
of which Trade receivables: +€35,159
- Cash -€14,936
down €14,936 (-99.6%), from €15,002 to €66
mainly Receivables within one year (-€31,490) and Debts after one year (-€7,065)
- Tangible fixed assets -€4,464
down €4,464 (-15.5%), from €28,784 to €24,320
of which Furniture and vehicles: -€2,694
- Profit (loss) carried forward +€18,076
up €18,076 (+92.0%), from -€19,648 to -€1,572
- Other debts +€12,652
up €12,652 (+118%), from €10,754 to €23,406
- Debts after one year -€7,065
down €7,065 (-48.5%), from €14,555 to €7,490
- Trade debts -€5,515
down €5,515 (-23.1%), from €23,827 to €18,312
- Tax, wage and social debts -€3,762
down €3,762 (-57.5%), from €6,537 to €2,775
of which Taxes: -€4,775
- Staff costs -€15,798
down €15,798 (-100%), from €15,798 to €0
- Gross operating margin -€6,581
down €6,581 (-17.9%), from €36,866 to €30,284
- Depreciation +€3,336
up €3,336 (+94.7%), from €3,523 to €6,859
- Other operating charges -€1,711
down €1,711 (-36.5%), from €4,685 to €2,974
- Financial charges +€845
up €845 (+45.7%), from €1,849 to €2,694
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 | €101,767 | €113,396 | +€11,629 | +11.4% |
| Fixed assets | 21/28 | €28,784 | €24,320 | -€4,464 | -15.5% |
| Tangible fixed assets | 22/27 | €28,784 | €24,320 | -€4,464 | -15.5% |
| Plant, machinery and equipment | 23 | €16,197 | €14,532 | -€1,666 | -10.3% |
| Furniture and vehicles | 24 | €12,482 | €9,788 | -€2,694 | -21.6% |
| Other tangible fixed assets | 26 | €104 | €0 | -€104 | -100.0% |
| Current assets | 29/58 | €72,983 | €89,076 | +€16,093 | +22.1% |
| Amounts receivable within one year | 40/41 | €54,365 | €85,855 | +€31,490 | +57.9% |
| Trade receivables | 40 | €47,220 | €82,380 | +€35,159 | +74.5% |
| Other amounts receivable | 41 | €7,145 | €3,475 | -€3,670 | -51.4% |
| Cash at bank and in hand | 54/58 | €15,002 | €66 | -€14,936 | -99.6% |
| Deferred charges and accrued income | 490/1 | €3,616 | €3,155 | -€460 | -12.7% |
| Total equity and liabilities | 10/49 | €101,767 | €113,396 | +€11,629 | +11.4% |
| Equity | 10/15 | €32,352 | €50,428 | +€18,076 | +55.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,648 | -€1,572 | +€18,076 | +92.0% |
| Amounts payable | 17/49 | €69,414 | €62,968 | -€6,447 | -9.3% |
| Amounts payable after more than one year | 17 | €14,555 | €7,490 | -€7,065 | -48.5% |
| Financial debts | 170/4 | €14,555 | €7,490 | -€7,065 | -48.5% |
| Amounts payable within one year | 42/48 | €54,859 | €55,477 | +€618 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €9,897 | €7,065 | -€2,832 | -28.6% |
| Financial debts | 43 | €3,844 | €3,919 | +€75 | +2.0% |
| Credit institutions | 430/8 | €3,844 | €3,919 | +€75 | +2.0% |
| Trade debts | 44 | €23,827 | €18,312 | -€5,515 | -23.1% |
| Suppliers | 440/4 | €23,827 | €18,312 | -€5,515 | -23.1% |
| Taxes, remuneration and social security | 45 | €6,537 | €2,775 | -€3,762 | -57.5% |
| Taxes | 450/3 | €4,775 | €0 | -€4,775 | -100% |
| Remuneration and social security | 454/9 | €1,762 | €2,775 | +€1,013 | +57.5% |
| Other amounts payable | 47/48 | €10,754 | €23,406 | +€12,652 | +118% |
| Remuneration, social security and pensions | 62 | €15,798 | €0 | -€15,798 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,523 | €6,859 | +€3,336 | +94.7% |
| Other operating charges | 640/8 | €4,685 | €2,974 | -€1,711 | -36.5% |
| Non-recurring operating charges | 66A | €59 | €0 | -€59 | -100% |
| Gross operating margin | 9900 | €36,866 | €30,284 | -€6,581 | -17.9% |
| Operating profit (loss) | 9901 | €12,800 | €20,451 | +€7,651 | +59.8% |
| Financial income | 75/76B | €25 | €346 | +€320 | +1,258% |
| Recurring financial income | 75 | €25 | €346 | +€320 | +1,258% |
| Financial charges | 65/66B | €1,849 | €2,694 | +€845 | +45.7% |
| Recurring financial charges | 65 | €1,849 | €2,694 | +€845 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €10,977 | €18,103 | +€7,126 | +64.9% |
| Income taxes | 67/77 | €1 | €27 | +€27 | +3,128% |
| Profit (loss) for the period | 9904 | €10,976 | €18,076 | +€7,100 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,976 | €18,076 | +€7,100 | +64.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.