SABBE R.: 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 R.
Largest movements
- Receivables within one year -€128,611
down €128,611 (-77.4%), from €166,258 to €37,647
of which Trade receivables: -€132,680
- Deferred charges and accrued income +€88,219
up €88,219 (+764.7%), from €11,537 to €99,756
- Tangible fixed assets +€50,208
up €50,208 (+44.2%), from €113,534 to €163,741
of which Plant, machinery and equipment: +€35,800
- Cash +€12,650
up €12,650 (+44.1%), from €28,705 to €41,355
mainly Receivables within one year (+€128,611) and Other debts (+€55,887)
- Other debts +€55,887
up €55,887 (+420.1%), from €13,304 to €69,191
- Debts after one year -€28,368
down €28,368 (-49.4%), from €57,427 to €29,058
- Current portion of long-term debt -€5,570
down €5,570 (-15.8%), from €35,189 to €29,618
- Reserves +€5,167
up €5,167 (+3.3%), from €157,322 to €162,489
of which Distributable reserves: +€5,167
- Trade debts -€4,770
down €4,770 (-8.3%), from €57,380 to €52,609
- Staff costs -€54,024
down €54,024 (-43.8%), from €123,247 to €69,223
- Gross operating margin -€50,739
down €50,739 (-29.2%), from €174,017 to €123,279
- Financial charges +€2,971
up €2,971 (+79.5%), from €3,739 to €6,710
- Other operating charges -€2,585
down €2,585 (-41.5%), from €6,226 to €3,642
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 | €342,614 | €365,629 | +€23,015 | +6.7% |
| Fixed assets | 21/28 | €113,534 | €163,741 | +€50,208 | +44.2% |
| Tangible fixed assets | 22/27 | €113,534 | €163,741 | +€50,208 | +44.2% |
| Land and buildings | 22 | €40,426 | €70,045 | +€29,618 | +73.3% |
| Plant, machinery and equipment | 23 | €33,939 | €69,739 | +€35,800 | +105.5% |
| Furniture and vehicles | 24 | €39,168 | €23,958 | -€15,210 | -38.8% |
| Current assets | 29/58 | €229,081 | €201,888 | -€27,193 | -11.9% |
| Stocks and contracts in progress | 3 | €22,580 | €23,130 | +€550 | +2.4% |
| Stocks | 30/36 | €22,580 | €23,130 | +€550 | +2.4% |
| Amounts receivable within one year | 40/41 | €166,258 | €37,647 | -€128,611 | -77.4% |
| Trade receivables | 40 | €158,211 | €25,531 | -€132,680 | -83.9% |
| Other amounts receivable | 41 | €8,048 | €12,116 | +€4,068 | +50.6% |
| Cash at bank and in hand | 54/58 | €28,705 | €41,355 | +€12,650 | +44.1% |
| Deferred charges and accrued income | 490/1 | €11,537 | €99,756 | +€88,219 | +764.7% |
| Total equity and liabilities | 10/49 | €342,614 | €365,629 | +€23,015 | +6.7% |
| Equity | 10/15 | €175,922 | €181,089 | +€5,167 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,322 | €162,489 | +€5,167 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €157,322 | €162,489 | +€5,167 | +3.3% |
| Amounts payable | 17/49 | €166,693 | €184,540 | +€17,847 | +10.7% |
| Amounts payable after more than one year | 17 | €57,427 | €29,058 | -€28,368 | -49.4% |
| Financial debts | 170/4 | €57,427 | €29,058 | -€28,368 | -49.4% |
| Amounts payable within one year | 42/48 | €109,266 | €155,482 | +€46,216 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €35,189 | €29,618 | -€5,570 | -15.8% |
| Trade debts | 44 | €57,380 | €52,609 | -€4,770 | -8.3% |
| Suppliers | 440/4 | €57,380 | €52,609 | -€4,770 | -8.3% |
| Taxes, remuneration and social security | 45 | €3,394 | €4,064 | +€670 | +19.7% |
| Taxes | 450/3 | €1,838 | €2,017 | +€178 | +9.7% |
| Remuneration and social security | 454/9 | €1,556 | €2,047 | +€492 | +31.6% |
| Other amounts payable | 47/48 | €13,304 | €69,191 | +€55,887 | +420.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €123,247 | €69,223 | -€54,024 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,124 | €36,859 | +€1,735 | +4.9% |
| Other operating charges | 640/8 | €6,226 | €3,642 | -€2,585 | -41.5% |
| Gross operating margin | 9900 | €174,017 | €123,279 | -€50,739 | -29.2% |
| Operating profit (loss) | 9901 | €9,421 | €13,555 | +€4,134 | +43.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,739 | €6,710 | +€2,971 | +79.5% |
| Recurring financial charges | 65 | €3,739 | €6,710 | +€2,971 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €5,682 | €6,845 | +€1,164 | +20.5% |
| Income taxes | 67/77 | €2,299 | €1,678 | -€621 | -27.0% |
| Profit (loss) for the period | 9904 | €3,383 | €5,167 | +€1,784 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,383 | €5,167 | +€1,784 | +52.7% |
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 11 October 2026 via checked.be.