SABBE-MEYER: 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-MEYER
Largest movements
- Tangible fixed assets -€27,395
down €27,395 (-57.9%), from €47,320 to €19,924
of which Furniture and vehicles: -€24,104
- Receivables within one year +€25,824
up €25,824 (+94.3%), from €27,385 to €53,209
of which Trade receivables: +€26,027
- Stocks and contracts +€6,360
up €6,360 (+20.0%), from €31,820 to €38,180
- Deferred charges and accrued income +€3,536
up €3,536 (+44.4%), from €7,964 to €11,500
- Cash -€1,797
no longer reported in 2025 (was €1,797)
mainly Trade debts (-€27,246) and Receivables within one year (-€25,824)
- Trade debts -€27,246
down €27,246 (-29.1%), from €93,519 to €66,273
- Profit (loss) carried forward +€24,734
up €24,734 (+14.0%), from -€177,088 to -€152,355
- Short-term financial debts -€21,222
no longer reported in 2025 (was €21,222)
- Tax, wage and social debts +€20,771
up €20,771 (+55.5%), from €37,419 to €58,189
of which Taxes: +€11,595
- Debts after one year +€9,165
up €9,165 (+18.8%), from €48,810 to €57,976
- Staff costs -€39,666
down €39,666 (-17.6%), from €225,978 to €186,312
- Gross operating margin +€11,563
up €11,563 (+4.8%), from €239,945 to €251,507
- Depreciation -€8,552
down €8,552 (-42.0%), from €20,341 to €11,789
- Financial charges -€7,588
down €7,588 (-46.7%), from €16,241 to €8,653
- Other operating charges -€3,828
down €3,828 (-48.0%), from €7,971 to €4,143
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.
Cash bridge derived
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 | €120,135 | €126,663 | +€6,528 | +5.4% |
| Fixed assets | 21/28 | €51,170 | €23,774 | -€27,395 | -53.5% |
| Tangible fixed assets | 22/27 | €47,320 | €19,924 | -€27,395 | -57.9% |
| Plant, machinery and equipment | 23 | €9,096 | €5,804 | -€3,291 | -36.2% |
| Furniture and vehicles | 24 | €38,224 | €14,120 | -€24,104 | -63.1% |
| Financial fixed assets | 28 | €3,850 | €3,850 | = | 0.0% |
| Current assets | 29/58 | €68,966 | €102,889 | +€33,923 | +49.2% |
| Stocks and contracts in progress | 3 | €31,820 | €38,180 | +€6,360 | +20.0% |
| Stocks | 30/36 | €31,820 | €38,180 | +€6,360 | +20.0% |
| Amounts receivable within one year | 40/41 | €27,385 | €53,209 | +€25,824 | +94.3% |
| Trade receivables | 40 | €1,317 | €27,344 | +€26,027 | +1975.9% |
| Other amounts receivable | 41 | €26,068 | €25,865 | -€202 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,797 | - | -€1,797 | |
| Deferred charges and accrued income | 490/1 | €7,964 | €11,500 | +€3,536 | +44.4% |
| Total equity and liabilities | 10/49 | €120,135 | €126,663 | +€6,528 | +5.4% |
| Equity | 10/15 | -€102,720 | -€77,987 | +€24,734 | +24.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,088 | -€152,355 | +€24,734 | +14.0% |
| Amounts payable | 17/49 | €222,856 | €204,650 | -€18,206 | -8.2% |
| Amounts payable after more than one year | 17 | €48,810 | €57,976 | +€9,165 | +18.8% |
| Financial debts | 170/4 | €48,810 | €57,976 | +€9,165 | +18.8% |
| Amounts payable within one year | 42/48 | €174,046 | €143,135 | -€30,911 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €21,886 | €18,672 | -€3,213 | -14.7% |
| Financial debts | 43 | €21,222 | - | -€21,222 | |
| Other loans | 439 | €21,222 | - | -€21,222 | |
| Trade debts | 44 | €93,519 | €66,273 | -€27,246 | -29.1% |
| Suppliers | 440/4 | €93,519 | €66,273 | -€27,246 | -29.1% |
| Taxes, remuneration and social security | 45 | €37,419 | €58,189 | +€20,771 | +55.5% |
| Taxes | 450/3 | €15,158 | €26,753 | +€11,595 | +76.5% |
| Remuneration and social security | 454/9 | €22,261 | €31,437 | +€9,176 | +41.2% |
| Accrued charges and deferred income | 492/3 | - | €3,540 | +€3,540 | |
| Remuneration, social security and pensions | 62 | €225,978 | €186,312 | -€39,666 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,341 | €11,789 | -€8,552 | -42.0% |
| Other operating charges | 640/8 | €7,971 | €4,143 | -€3,828 | -48.0% |
| Non-recurring operating charges | 66A | - | €16,943 | +€16,943 | |
| Gross operating margin | 9900 | €239,945 | €251,507 | +€11,563 | +4.8% |
| Operating profit (loss) | 9901 | -€14,345 | €32,321 | +€46,666 | |
| Financial income | 75/76B | €1,706 | €1,439 | -€267 | -15.7% |
| Recurring financial income | 75 | €1,706 | €1,439 | -€267 | -15.7% |
| Financial charges | 65/66B | €16,241 | €8,653 | -€7,588 | -46.7% |
| Recurring financial charges | 65 | €16,241 | €8,653 | -€7,588 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,880 | €25,107 | +€53,987 | |
| Income taxes | 67/77 | €354 | €373 | +€19 | +5.5% |
| Profit (loss) for the period | 9904 | -€29,234 | €24,734 | +€53,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,234 | €24,734 | +€53,967 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.