SABBE - RENIERE: what changed
SABBE - RENIERE
Largest movements
- Receivables within one year +€11,359
up €11,359 (+16.4%), from €69,063 to €80,422
of which Other amounts receivable: +€11,359
- Tangible fixed assets -€8,463
down €8,463 (-5.9%), from €144,332 to €135,869
of which Land and buildings: -€21,038
- Cash +€4,062
up €4,062 (+36.7%), from €11,079 to €15,141
mainly Depreciation (+€42,148) and Net result for the year (+€20,156)
- Profit (loss) carried forward +€20,156
up €20,156 (+92.7%), from -€21,733 to -€1,578
- Debts after one year -€7,402
down €7,402 (-6.0%), from €122,598 to €115,196
- Tax, wage and social debts -€5,291
down €5,291 (-24.1%), from €21,982 to €16,691
of which Remuneration and social security: -€6,833
- Current portion of long-term debt +€2,989
up €2,989 (+10.5%), from €28,542 to €31,531
- Staff costs -€33,933
down €33,933 (-65.1%), from €52,089 to €18,157
- Depreciation +€8,168
up €8,168 (+24.0%), from €33,980 to €42,148
- Taxes +€4,279
up €4,279 (+1,919%), from €223 to €4,502
- Gross operating margin +€2,077
up €2,077 (+2.1%), from €101,324 to €103,401
- Financial charges -€1,678
down €1,678 (-9.5%), from €17,690 to €16,012
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,766 | €242,143 | +€6,377 | +2.7% |
| Fixed assets | 21/28 | €144,332 | €135,869 | -€8,463 | -5.9% |
| Tangible fixed assets | 22/27 | €144,332 | €135,869 | -€8,463 | -5.9% |
| Land and buildings | 22 | €116,827 | €95,789 | -€21,038 | -18.0% |
| Plant, machinery and equipment | 23 | €18,385 | €10,966 | -€7,418 | -40.4% |
| Furniture and vehicles | 24 | €9,120 | €29,113 | +€19,993 | +219% |
| Current assets | 29/58 | €91,434 | €106,274 | +€14,840 | +16.2% |
| Stocks and contracts in progress | 3 | €9,872 | €8,836 | -€1,036 | -10.5% |
| Stocks | 30/36 | €9,872 | €8,836 | -€1,036 | -10.5% |
| Amounts receivable within one year | 40/41 | €69,063 | €80,422 | +€11,359 | +16.4% |
| Trade receivables | 40 | €4,434 | €4,434 | = | 0.0% |
| Other amounts receivable | 41 | €64,629 | €75,988 | +€11,359 | +17.6% |
| Cash at bank and in hand | 54/58 | €11,079 | €15,141 | +€4,062 | +36.7% |
| Deferred charges and accrued income | 490/1 | €1,419 | €1,874 | +€455 | +32.1% |
| Total equity and liabilities | 10/49 | €235,766 | €242,143 | +€6,377 | +2.7% |
| Equity | 10/15 | -€15,615 | €4,541 | +€20,156 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,118 | €1,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,118 | €1,118 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,118 | €1,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,733 | -€1,578 | +€20,156 | +92.7% |
| Amounts payable | 17/49 | €251,381 | €237,602 | -€13,779 | -5.5% |
| Amounts payable after more than one year | 17 | €122,598 | €115,196 | -€7,402 | -6.0% |
| Financial debts | 170/4 | €122,598 | €115,196 | -€7,402 | -6.0% |
| Amounts payable within one year | 42/48 | €128,159 | €122,406 | -€5,753 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €28,542 | €31,531 | +€2,989 | +10.5% |
| Financial debts | 43 | €32,597 | €30,531 | -€2,065 | -6.3% |
| Credit institutions | 430/8 | €32,597 | €30,531 | -€2,065 | -6.3% |
| Trade debts | 44 | €39,970 | €38,731 | -€1,238 | -3.1% |
| Suppliers | 440/4 | €39,970 | €38,731 | -€1,238 | -3.1% |
| Taxes, remuneration and social security | 45 | €21,982 | €16,691 | -€5,291 | -24.1% |
| Taxes | 450/3 | €9,749 | €11,291 | +€1,542 | +15.8% |
| Remuneration and social security | 454/9 | €12,232 | €5,400 | -€6,833 | -55.9% |
| Other amounts payable | 47/48 | €5,069 | €4,922 | -€147 | -2.9% |
| Accrued charges and deferred income | 492/3 | €624 | €0 | -€624 | -100% |
| Remuneration, social security and pensions | 62 | €52,089 | €18,157 | -€33,933 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,980 | €42,148 | +€8,168 | +24.0% |
| Other operating charges | 640/8 | €2,173 | €2,696 | +€523 | +24.1% |
| Gross operating margin | 9900 | €101,324 | €103,401 | +€2,077 | +2.1% |
| Operating profit (loss) | 9901 | €13,082 | €40,401 | +€27,319 | +209% |
| Financial income | 75/76B | €36 | €268 | +€231 | +640% |
| Recurring financial income | 75 | €36 | €268 | +€231 | +640% |
| Financial charges | 65/66B | €17,690 | €16,012 | -€1,678 | -9.5% |
| Recurring financial charges | 65 | €17,690 | €16,012 | -€1,678 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,572 | €24,657 | +€29,229 | |
| Income taxes | 67/77 | €223 | €4,502 | +€4,279 | +1,919% |
| Profit (loss) for the period | 9904 | -€4,795 | €20,156 | +€24,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,795 | €20,156 | +€24,950 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.