Sabe: 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.
Sabe
Largest movements
- Tangible fixed assets -€49,816
down €49,816 (-4.0%), from €1.2m to €1.2m
- Debts after one year -€97,554
down €97,554 (-8.9%), from €1.1m to €1.0m
of which Other amounts payable: -€130,260
- Other debts +€27,298
new in 2025: €27,298
- Trade debts +€14,639
up €14,639 (+239.5%), from €6,112 to €20,751
- Short-term financial debts -€14,038
no longer reported in 2025 (was €14,038)
- Current portion of long-term debt +€12,928
up €12,928 (+15.5%), from €83,543 to €96,470
- Gross operating margin -€43,426
down €43,426 (-31.0%), from €139,971 to €96,545
- Financial charges -€2,428
down €2,428 (-6.9%), from €35,227 to €32,799
- Other operating charges +€2,128
up €2,128 (+71.8%), from €2,963 to €5,091
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 | €1,246,344 | €1,199,456 | -€46,888 | -3.8% |
| Fixed assets | 21/28 | €1,244,549 | €1,194,733 | -€49,816 | -4.0% |
| Tangible fixed assets | 22/27 | €1,241,164 | €1,191,348 | -€49,816 | -4.0% |
| Land and buildings | 22 | €1,241,164 | €1,191,348 | -€49,816 | -4.0% |
| Financial fixed assets | 28 | €3,385 | €3,385 | = | 0.0% |
| Current assets | 29/58 | €1,795 | €4,723 | +€2,928 | +163.1% |
| Cash at bank and in hand | 54/58 | €1,667 | €3,382 | +€1,715 | +102.8% |
| Deferred charges and accrued income | 490/1 | €128 | €1,341 | +€1,213 | +947.2% |
| Total equity and liabilities | 10/49 | €1,246,344 | €1,199,456 | -€46,888 | -3.8% |
| Equity | 10/15 | €40,782 | €49,293 | +€8,511 | +20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,582 | €43,093 | +€8,511 | +24.6% |
| Distributable reserves | 133 | €34,582 | €43,093 | +€8,511 | +24.6% |
| Amounts payable | 17/49 | €1,205,562 | €1,150,163 | -€55,399 | -4.6% |
| Amounts payable after more than one year | 17 | €1,101,870 | €1,004,316 | -€97,554 | -8.9% |
| Financial debts | 170/4 | €807,065 | €839,771 | +€32,706 | +4.1% |
| Other amounts payable | 178/9 | €294,805 | €164,545 | -€130,260 | -44.2% |
| Amounts payable within one year | 42/48 | €103,693 | €144,848 | +€41,156 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €83,543 | €96,470 | +€12,928 | +15.5% |
| Financial debts | 43 | €14,038 | - | -€14,038 | |
| Credit institutions | 430/8 | €14,038 | - | -€14,038 | |
| Trade debts | 44 | €6,112 | €20,751 | +€14,639 | +239.5% |
| Suppliers | 440/4 | €6,112 | €20,751 | +€14,639 | +239.5% |
| Taxes, remuneration and social security | 45 | - | €330 | +€330 | |
| Taxes | 450/3 | - | €330 | +€330 | |
| Other amounts payable | 47/48 | - | €27,298 | +€27,298 | |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Non-recurring operating income | 76A | €5,165 | - | -€5,165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,656 | €49,816 | +€160 | +0.3% |
| Other operating charges | 640/8 | €2,963 | €5,091 | +€2,128 | +71.8% |
| Gross operating margin | 9900 | €139,971 | €96,545 | -€43,426 | -31.0% |
| Operating profit (loss) | 9901 | €87,352 | €41,638 | -€45,714 | -52.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €35,227 | €32,799 | -€2,428 | -6.9% |
| Recurring financial charges | 65 | €35,227 | €32,799 | -€2,428 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €52,124 | €8,841 | -€43,283 | -83.0% |
| Income taxes | 67/77 | - | €330 | +€330 | |
| Profit (loss) for the period | 9904 | €52,124 | €8,511 | -€43,613 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,124 | €8,511 | -€43,613 | -83.7% |
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 10 October 2026 via checked.be.