SABCAR: 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.
SABCAR
Largest movements
- Tangible fixed assets -€39,146
down €39,146 (-9.3%), from €422,293 to €383,147
of which Leasing and similar rights: -€25,452
- Receivables within one year -€12,937
down €12,937 (-13.7%), from €94,759 to €81,822
of which Trade receivables: -€9,915
- Cash -€6,812
down €6,812 (-8.8%), from €77,596 to €70,784
mainly Net result for the year (-€33,132) and Other debts (-€14,857)
- Profit (loss) carried forward -€33,132
down €33,132 (-11.5%), from -€288,417 to -€321,549
- Other debts -€14,857
down €14,857 (-5.3%), from €280,830 to €265,973
- Trade debts -€10,973
down €10,973 (-46.3%), from €23,692 to €12,719
- Gross operating margin +€17,419
up €17,419, from -€3,699 to €13,720
- Taxes -€5,085
no longer reported in 2025 (was €5,085)
- Depreciation -€4,857
down €4,857 (-10.4%), from €46,693 to €41,836
- Other operating charges +€1,933
up €1,933 (+63.9%), from €3,027 to €4,960
- Financial income -€627
no longer reported in 2025 (was €627)
of which Financial income: -€627
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 | €594,648 | €535,753 | -€58,895 | -9.9% |
| Fixed assets | 21/28 | €422,293 | €383,147 | -€39,146 | -9.3% |
| Tangible fixed assets | 22/27 | €422,293 | €383,147 | -€39,146 | -9.3% |
| Land and buildings | 22 | €13,165 | €10,532 | -€2,633 | -20.0% |
| Plant, machinery and equipment | 23 | €66,187 | €55,960 | -€10,227 | -15.5% |
| Furniture and vehicles | 24 | €7,495 | €6,661 | -€834 | -11.1% |
| Leasing and similar rights | 25 | €335,446 | €309,994 | -€25,452 | -7.6% |
| Current assets | 29/58 | €172,355 | €152,606 | -€19,749 | -11.5% |
| Amounts receivable within one year | 40/41 | €94,759 | €81,822 | -€12,937 | -13.7% |
| Trade receivables | 40 | €86,680 | €76,765 | -€9,915 | -11.4% |
| Other amounts receivable | 41 | €8,079 | €5,057 | -€3,022 | -37.4% |
| Cash at bank and in hand | 54/58 | €77,596 | €70,784 | -€6,812 | -8.8% |
| Total equity and liabilities | 10/49 | €594,648 | €535,753 | -€58,895 | -9.9% |
| Equity | 10/15 | -€266,417 | -€299,549 | -€33,132 | -12.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€288,417 | -€321,549 | -€33,132 | -11.5% |
| Provisions and deferred taxes | 16 | €67,794 | €67,794 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €67,794 | €67,794 | = | 0.0% |
| Environmental obligations | 163 | €67,794 | €67,794 | = | 0.0% |
| Amounts payable | 17/49 | €793,271 | €767,508 | -€25,763 | -3.2% |
| Amounts payable after more than one year | 17 | €488,749 | €488,749 | = | 0.0% |
| Financial debts | 170/4 | €88,749 | €88,749 | = | 0.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,522 | €278,759 | -€25,763 | -8.5% |
| Trade debts | 44 | €23,692 | €12,719 | -€10,973 | -46.3% |
| Suppliers | 440/4 | €23,692 | €12,719 | -€10,973 | -46.3% |
| Taxes, remuneration and social security | 45 | - | €67 | +€67 | |
| Taxes | 450/3 | - | €67 | +€67 | |
| Other amounts payable | 47/48 | €280,830 | €265,973 | -€14,857 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,693 | €41,836 | -€4,857 | -10.4% |
| Other operating charges | 640/8 | €3,027 | €4,960 | +€1,933 | +63.9% |
| Gross operating margin | 9900 | -€3,699 | €13,720 | +€17,419 | |
| Operating profit (loss) | 9901 | -€53,419 | -€33,076 | +€20,343 | +38.1% |
| Financial income | 75/76B | €627 | - | -€627 | |
| Recurring financial income | 75 | €627 | - | -€627 | |
| Non-recurring financial income | 76B | €627 | - | -€627 | |
| Financial charges | 65/66B | €77 | €56 | -€21 | -27.3% |
| Recurring financial charges | 65 | €77 | €56 | -€21 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,869 | -€33,132 | +€19,737 | +37.3% |
| Income taxes | 67/77 | €5,085 | - | -€5,085 | |
| Profit (loss) for the period | 9904 | -€57,954 | -€33,132 | +€24,822 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,954 | -€33,132 | +€24,822 | +42.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.