SABCA Technologies: 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.
What changed
SABCA Technologies
NACE 30.310, Manufacture of other transport equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.3m
2024 · €374-€4.3m
Equity
€3.6m
2024 · €134,941+€3.5m
Cash
€5.0m
2024 · €54,673+€4.9m
Balance sheet total
€91.6m
2024 · €1.9m+€89.7m
Largest movements
Assets
- Receivables within one year +€57.6m
up €57.6m (+3,138%), from €1.8m to €59.4m
of which Trade receivables: +€57.4m
- Stocks and contracts +€18.3m
new in 2025: €18.3m
of which Stocks: +€13.5m
- Tangible fixed assets +€8.8m
new in 2025: €8.8m
of which Assets under construction and advance payments: +€6.5m
- Cash +€4.9m
up €4.9m (+9,043%), from €54,673 to €5.0m
mainly Debts after one year (+€34.1m) and Trade debts (+€32.6m)
Equity and liabilities
- Debts after one year +€34.1m
new in 2025: €34.1m
of which Advances received on contracts in progress: +€25.9m
- Trade debts +€32.6m
up €32.6m (+40,481%), from €80,593 to €32.7m
- Advances received +€11.5m
new in 2025: €11.5m
- Other debts +€5.8m
up €5.8m (+388%), from €1.5m to €7.3m
- Tax, wage and social debts +€1.7m
up €1.7m (+899%), from €190,151 to €1.9m
of which Remuneration and social security: +€1.7m
Income statement
- Turnover +€39.7m
new in 2025: €39.7m
- Services and other goods +€19.1m
new in 2025: €19.1m
- Goods and materials +€14.4m
new in 2025: €14.4m
of which Purchases: +€12.5m
- Staff costs +€10.8m
up €10.8m (+567%), from €1.9m to €12.7m
- Gross operating margin -€1.9m
no longer reported in 2025 (was €1.9m)
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.
Result 2024
€374
Turnover
+€39.7m
Other operating income
+€1.7m
Goods and materials
-€14.4m
Services and other goods
-€19.1m
Staff costs
-€10.8m
Depreciation
-€211,182
Write-downs
+€334,297
Provisions
+€114,966
Other operating charges
-€400
Other operating items
-€1.5m
Financial income
+€0
Financial charges
-€77,107
Taxes
-€8,242
Result 2025
-€4.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€28.0m
Investment
-€9.0m
Financing
+€42.0m
Cash 2024
€54,673
From operations (derived)
-€28.0m
Net result for the year
-€4.3m
Depreciation
+€211,182
Stocks and contracts
-€18.3m
Receivables within one year
-€57.6m
Provisions
+€293,370
Trade debts
+€32.6m
Tax, wage and social debts
+€1.7m
Advances received
+€11.5m
Other debts
+€5.8m
Investment (derived)
-€9.0m
Investment in fixed assets (net)
-€9.0m
Financing
+€42.0m
Debts after one year
+€34.1m
Current portion of long-term debt
+€105,444
Contributions, distributions and other
+€7.7m
Cash 2025
€5.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,905,386 | €91,584,542 | +€89.7m | +4,707% |
| Fixed assets | 21/28 | €15,328 | €8,838,783 | +€8.8m | +57,566% |
| Intangible fixed assets | 21 | - | €227 | +€227 | |
| Tangible fixed assets | 22/27 | - | €8,823,228 | +€8.8m | |
| Land and buildings | 22 | - | €784 | +€784 | |
| Plant, machinery and equipment | 23 | - | €1,570,356 | +€1.6m | |
| Furniture and vehicles | 24 | - | €705 | +€705 | |
| Leasing and similar rights | 25 | - | €759,899 | +€759,899 | |
| Assets under construction and advance payments | 27 | - | €6,491,484 | +€6.5m | |
| Financial fixed assets | 28 | €15,328 | €15,328 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €15,328 | +€15,328 | |
| Amounts receivable and cash guarantees | 285/8 | - | €15,328 | +€15,328 | |
| Current assets | 29/58 | €1,890,059 | €82,745,759 | +€80.9m | +4,278% |
| Stocks and contracts in progress | 3 | - | €18,311,991 | +€18.3m | |
| Stocks | 30/36 | - | €13,549,865 | +€13.5m | |
| Raw materials and consumables | 30/31 | - | €3,553,656 | +€3.6m | |
| Work in progress | 32 | - | €9,996,209 | +€10.0m | |
| Contracts in progress | 37 | - | €4,762,126 | +€4.8m | |
| Amounts receivable within one year | 40/41 | €1,835,385 | €59,434,796 | +€57.6m | +3,138% |
| Trade receivables | 40 | €1,832,046 | €59,262,426 | +€57.4m | +3,135% |
| Other amounts receivable | 41 | €3,340 | €172,369 | +€169,029 | +5,061% |
| Cash at bank and in hand | 54/58 | €54,673 | €4,998,973 | +€4.9m | +9,043% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €1,905,386 | €91,584,542 | +€89.7m | +4,707% |
| Equity | 10/15 | €134,941 | €3,589,022 | +€3.5m | +2,560% |
| Contributions | 10/11 | €218,754 | €1,757,578 | +€1.5m | +703% |
| Reserves | 13 | - | €153,882 | +€153,882 | |
| Non-distributable reserves | 130/1 | - | €153,882 | +€153,882 | |
| Reserves not available under the articles | 1311 | - | €153,882 | +€153,882 | |
| Profit (loss) carried forward | 14 | -€83,813 | €936,404 | +€1.0m | |
| Investment grants | 15 | - | €741,158 | +€741,158 | |
| Provisions and deferred taxes | 16 | - | €293,370 | +€293,370 | |
| Provisions for liabilities and charges | 160/5 | - | €293,370 | +€293,370 | |
| Other liabilities and charges | 164/5 | - | €293,370 | +€293,370 | |
| Amounts payable | 17/49 | €1,770,445 | €87,702,150 | +€85.9m | +4,854% |
| Amounts payable after more than one year | 17 | - | €34,143,779 | +€34.1m | |
| Financial debts | 170/4 | - | €5,724,348 | +€5.7m | |
| Leasing and similar obligations | 172 | - | €724,348 | +€724,348 | |
| Other loans | 174 | - | €5,000,000 | +€5.0m | |
| Advances received on contracts in progress | 176 | - | €25,914,033 | +€25.9m | |
| Other amounts payable | 178/9 | - | €2,505,398 | +€2.5m | |
| Amounts payable within one year | 42/48 | €1,770,445 | €53,558,371 | +€51.8m | +2,925% |
| Current portion of amounts payable after more than one year | 42 | - | €105,444 | +€105,444 | |
| Trade debts | 44 | €80,593 | €32,705,008 | +€32.6m | +40,481% |
| Suppliers | 440/4 | €80,593 | €32,705,008 | +€32.6m | +40,481% |
| Advances received on contracts in progress | 46 | - | €11,534,375 | +€11.5m | |
| Taxes, remuneration and social security | 45 | €190,151 | €1,900,071 | +€1.7m | +899% |
| Taxes | 450/3 | - | €8,242 | +€8,242 | |
| Remuneration and social security | 454/9 | €190,151 | €1,891,829 | +€1.7m | +895% |
| Other amounts payable | 47/48 | €1,499,701 | €7,313,473 | +€5.8m | +388% |
| Operating income | 70/76A | - | €41,800,770 | +€41.8m | |
| Turnover | 70 | - | €39,656,782 | +€39.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€1,479,063 | -€1.5m | |
| Own construction capitalised | 72 | - | €1,892,550 | +€1.9m | |
| Other operating income | 74 | - | €1,730,501 | +€1.7m | |
| Operating charges | 60/66A | - | €45,998,952 | +€46.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,115 | - | -€87,115 | |
| Goods for resale, raw materials and consumables | 60 | - | €14,369,815 | +€14.4m | |
| Purchases | 600/8 | - | €12,470,120 | +€12.5m | |
| Change in stocks: decrease (increase) | 609 | - | €1,899,695 | +€1.9m | |
| Services and other goods | 61 | - | €19,147,400 | +€19.1m | |
| Remuneration, social security and pensions | 62 | €1,907,936 | €12,718,875 | +€10.8m | +567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €211,182 | +€211,182 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€334,297 | -€334,297 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€114,966 | -€114,966 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | €500 | €543 | +€43 | +8.6% |
| Gross operating margin | 9900 | €1,908,810 | - | -€1.9m | |
| Operating profit (loss) | 9901 | €374 | -€4,198,181 | -€4.2m | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €77,107 | +€77,107 | |
| Recurring financial charges | 65 | - | €77,107 | +€77,107 | |
| Other financial charges | 652/9 | - | €77,107 | +€77,107 | |
| Profit (loss) for the period before taxes | 9903 | €374 | -€4,275,288 | -€4.3m | |
| Income taxes | 67/77 | - | €8,242 | +€8,242 | |
| Taxes | 670/3 | - | €8,242 | +€8,242 | |
| Profit (loss) for the period | 9904 | €374 | -€4,283,530 | -€4.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €374 | -€4,283,530 | -€4.3m |
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 14 October 2026 via checked.be.