SABDUK: 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.
SABDUK
Largest movements
- Cash -€16,984
down €16,984 (-61.8%), from €27,477 to €10,493
mainly Net result for the year (-€12,169) and Other debts (-€2,999)
- Receivables within one year +€2,544
up €2,544 (+389%), from €654 to €3,198
of which Trade receivables: +€2,214
- Reserves -€12,169
down €12,169 (-86.5%), from €14,072 to €1,903
- Other debts -€2,999
down €2,999 (-98.0%), from €3,061 to €61
- Trade debts +€1,126
up €1,126 (+86.2%), from €1,307 to €2,433
- Tax, wage and social debts -€384
down €384 (-5.6%), from €6,802 to €6,418
- Gross operating margin -€21,731
down €21,731, from €13,460 to -€8,271
- Taxes -€1,892
no longer reported in 2025 (was €1,892)
- Financial charges +€1,188
up €1,188 (+526%), from €226 to €1,414
- Other operating charges +€227
up €227 (+10.0%), from €2,258 to €2,485
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,441 | €17,015 | -€14,425 | -45.9% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €28,441 | €14,015 | -€14,425 | -50.7% |
| Amounts receivable within one year | 40/41 | €654 | €3,198 | +€2,544 | +389% |
| Trade receivables | 40 | €654 | €2,867 | +€2,214 | +339% |
| Other amounts receivable | 41 | - | €330 | +€330 | |
| Cash at bank and in hand | 54/58 | €27,477 | €10,493 | -€16,984 | -61.8% |
| Deferred charges and accrued income | 490/1 | €310 | €325 | +€15 | +4.7% |
| Total equity and liabilities | 10/49 | €31,441 | €17,015 | -€14,425 | -45.9% |
| Equity | 10/15 | €20,272 | €8,103 | -€12,169 | -60.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,072 | €1,903 | -€12,169 | -86.5% |
| Distributable reserves | 133 | €14,072 | €1,903 | -€12,169 | -86.5% |
| Amounts payable | 17/49 | €11,169 | €8,912 | -€2,257 | -20.2% |
| Amounts payable within one year | 42/48 | €11,169 | €8,912 | -€2,257 | -20.2% |
| Trade debts | 44 | €1,307 | €2,433 | +€1,126 | +86.2% |
| Suppliers | 440/4 | €1,307 | €2,433 | +€1,126 | +86.2% |
| Taxes, remuneration and social security | 45 | €6,802 | €6,418 | -€384 | -5.6% |
| Taxes | 450/3 | €6,802 | €6,418 | -€384 | -5.6% |
| Other amounts payable | 47/48 | €3,061 | €61 | -€2,999 | -98.0% |
| Remuneration, social security and pensions | 62 | €122 | - | -€122 | |
| Other operating charges | 640/8 | €2,258 | €2,485 | +€227 | +10.0% |
| Gross operating margin | 9900 | €13,460 | -€8,271 | -€21,731 | |
| Operating profit (loss) | 9901 | €11,081 | -€10,755 | -€21,836 | |
| Financial charges | 65/66B | €226 | €1,414 | +€1,188 | +526% |
| Recurring financial charges | 65 | €226 | €1,414 | +€1,188 | +526% |
| Profit (loss) for the period before taxes | 9903 | €10,855 | -€12,169 | -€23,024 | |
| Income taxes | 67/77 | €1,892 | - | -€1,892 | |
| Profit (loss) for the period | 9904 | €8,962 | -€12,169 | -€21,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,962 | -€12,169 | -€21,131 |
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 21 October 2026 via checked.be.