SABCIA: 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
SABCIA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€129,431
2024 · -€100,289+€229,720
Equity
€709,918
2024 · €580,487+€129,431
Cash
€71,143
2024 · €17,681+€53,462
Balance sheet total
€1.3m
2024 · €1.3m-€5,324
Largest movements
Assets
- Tangible fixed assets -€59,542
down €59,542 (-4.7%), from €1.3m to €1.2m
of which Land and buildings: -€64,629
- Cash +€53,462
up €53,462 (+302%), from €17,681 to €71,143
mainly Net result for the year (+€129,431) and Depreciation (+€106,101)
Equity and liabilities
- Profit (loss) carried forward +€132,734
up €132,734 (+34.5%), from -€384,945 to -€252,212
- Other debts -€105,630
down €105,630 (-26.3%), from €401,415 to €295,785
- Debts after one year -€23,426
down €23,426 (-9.3%), from €252,309 to €228,883
Income statement
- Gross operating margin +€230,323
up €230,323 (+181%), from €127,236 to €357,559
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
-€100,289
Gross operating margin
+€230,323
Staff costs
-€3,333
Depreciation
-€1,898
Other operating charges
-€2,999
Other operating items
+€6,944
Financial income
-€7
Financial charges
+€690
Result 2025
€129,431
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
+€123,024
Investment
-€46,559
Financing
-€23,003
Cash 2024
€17,681
From operations (derived)
+€123,024
Net result for the year
+€129,431
Depreciation
+€106,101
Receivables within one year
-€756
Provisions
-€1,701
Trade debts
-€3,485
Tax, wage and social debts
-€936
Other debts
-€105,630
Investment (derived)
-€46,559
Investment in fixed assets (net)
-€46,559
Financing
-€23,003
Debts after one year
-€23,426
Current portion of long-term debt
+€423
Cash 2025
€71,143
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,295,892 | €1,290,568 | -€5,324 | -0.4% |
| Fixed assets | 21/28 | €1,278,181 | €1,218,639 | -€59,542 | -4.7% |
| Tangible fixed assets | 22/27 | €1,278,132 | €1,218,590 | -€59,542 | -4.7% |
| Land and buildings | 22 | €1,023,385 | €958,756 | -€64,629 | -6.3% |
| Plant, machinery and equipment | 23 | €254,746 | €258,580 | +€3,834 | +1.5% |
| Furniture and vehicles | 24 | - | €1,254 | +€1,254 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €17,711 | €71,928 | +€54,218 | +306% |
| Amounts receivable within one year | 40/41 | €30 | €786 | +€756 | +2,506% |
| Trade receivables | 40 | - | €500 | +€500 | |
| Other amounts receivable | 41 | €30 | €286 | +€256 | +848% |
| Cash at bank and in hand | 54/58 | €17,681 | €71,143 | +€53,462 | +302% |
| Total equity and liabilities | 10/49 | €1,295,892 | €1,290,568 | -€5,324 | -0.4% |
| Equity | 10/15 | €580,487 | €709,918 | +€129,431 | +22.3% |
| Contributions | 10/11 | €830,443 | €830,443 | = | 0.0% |
| Contributions outside capital | 11 | €830,443 | €830,443 | = | 0.0% |
| Other | 1109/19 | €830,443 | €830,443 | = | 0.0% |
| Reserves | 13 | €134,989 | €131,686 | -€3,303 | -2.4% |
| Non-distributable reserves | 130/1 | €10,880 | €10,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,880 | €10,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,365 | €41,062 | -€3,303 | -7.4% |
| Distributable reserves | 133 | €79,744 | €79,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,945 | -€252,212 | +€132,734 | +34.5% |
| Provisions and deferred taxes | 16 | €22,844 | €21,144 | -€1,701 | -7.4% |
| Deferred taxes | 168 | €22,844 | €21,144 | -€1,701 | -7.4% |
| Amounts payable | 17/49 | €692,560 | €559,506 | -€133,054 | -19.2% |
| Amounts payable after more than one year | 17 | €252,309 | €228,883 | -€23,426 | -9.3% |
| Financial debts | 170/4 | €252,309 | €228,883 | -€23,426 | -9.3% |
| Amounts payable within one year | 42/48 | €440,251 | €330,623 | -€109,628 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €23,003 | €23,426 | +€423 | +1.8% |
| Trade debts | 44 | €6,861 | €3,376 | -€3,485 | -50.8% |
| Suppliers | 440/4 | €6,861 | €3,376 | -€3,485 | -50.8% |
| Taxes, remuneration and social security | 45 | €8,973 | €8,036 | -€936 | -10.4% |
| Remuneration and social security | 454/9 | €8,973 | €8,036 | -€936 | -10.4% |
| Other amounts payable | 47/48 | €401,415 | €295,785 | -€105,630 | -26.3% |
| Remuneration, social security and pensions | 62 | €89,123 | €92,457 | +€3,333 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,203 | €106,101 | +€1,898 | +1.8% |
| Other operating charges | 640/8 | €22,343 | €25,342 | +€2,999 | +13.4% |
| Non-recurring operating charges | 66A | €6,944 | - | -€6,944 | |
| Gross operating margin | 9900 | €127,236 | €357,559 | +€230,323 | +181% |
| Operating profit (loss) | 9901 | -€95,378 | €133,659 | +€229,037 | |
| Financial income | 75/76B | €101 | €93 | -€7 | -7.4% |
| Recurring financial income | 75 | €101 | €93 | -€7 | -7.4% |
| Financial charges | 65/66B | €6,713 | €6,022 | -€690 | -10.3% |
| Recurring financial charges | 65 | €6,713 | €6,022 | -€690 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€101,990 | €127,730 | +€229,720 | |
| Transfer from deferred taxes | 780 | €1,701 | €1,701 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€100,289 | €129,431 | +€229,720 | |
| Transfer from tax-exempt reserves | 789 | €3,303 | €3,303 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,986 | €132,734 | +€229,720 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.