SABECA: 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.
SABECA
Largest movements
- Cash -€75,542
down €75,542 (-21.3%), from €355,434 to €279,892
mainly Contributions, distributions and other (-€115,000) and Trade debts (-€34,592)
- Receivables within one year -€19,623
down €19,623 (-9.5%), from €206,586 to €186,962
of which Trade receivables: -€26,348
- Deferred charges and accrued income +€12,265
up €12,265 (+212%), from €5,785 to €18,049
- Reserves -€65,500
down €65,500 (-17.1%), from €382,400 to €316,900
of which Distributable reserves: -€65,500
- Trade debts -€34,592
down €34,592 (-49.5%), from €69,952 to €35,360
- Other debts +€22,274
up €22,274 (+27.8%), from €80,000 to €102,274
- Advances received -€11,596
down €11,596 (-100%), from €11,596 to €0
- Tax, wage and social debts +€6,807
up €6,807 (+107%), from €6,355 to €13,162
- Gross operating margin +€9,023
up €9,023 (+12.8%), from €70,299 to €79,322
- Financial income -€3,158
down €3,158 (-68.5%), from €4,607 to €1,450
- Taxes +€1,853
up €1,853 (+8.4%), from €22,022 to €23,875
- Other operating charges +€890
up €890 (+84.7%), from €1,051 to €1,941
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 | €567,859 | €484,903 | -€82,956 | -14.6% |
| Fixed assets | 21/28 | €55 | €0 | -€55 | -100% |
| Tangible fixed assets | 22/27 | €55 | €0 | -€55 | -100% |
| Furniture and vehicles | 24 | €55 | €0 | -€55 | -100% |
| Current assets | 29/58 | €567,804 | €484,903 | -€82,901 | -14.6% |
| Amounts receivable within one year | 40/41 | €206,586 | €186,962 | -€19,623 | -9.5% |
| Trade receivables | 40 | €193,403 | €167,055 | -€26,348 | -13.6% |
| Other amounts receivable | 41 | €13,182 | €19,907 | +€6,725 | +51.0% |
| Cash at bank and in hand | 54/58 | €355,434 | €279,892 | -€75,542 | -21.3% |
| Deferred charges and accrued income | 490/1 | €5,785 | €18,049 | +€12,265 | +212% |
| Total equity and liabilities | 10/49 | €567,859 | €484,903 | -€82,956 | -14.6% |
| Equity | 10/15 | €399,498 | €334,107 | -€65,391 | -16.4% |
| Contributions | 10/11 | €7,994 | €7,994 | = | 0.0% |
| Reserves | 13 | €382,400 | €316,900 | -€65,500 | -17.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €380,500 | €315,000 | -€65,500 | -17.2% |
| Profit (loss) carried forward | 14 | €9,105 | €9,213 | +€109 | +1.2% |
| Amounts payable | 17/49 | €168,361 | €150,796 | -€17,564 | -10.4% |
| Amounts payable within one year | 42/48 | €168,361 | €150,796 | -€17,564 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €458 | €0 | -€458 | -100% |
| Trade debts | 44 | €69,952 | €35,360 | -€34,592 | -49.5% |
| Suppliers | 440/4 | €69,952 | €35,360 | -€34,592 | -49.5% |
| Advances received on contracts in progress | 46 | €11,596 | €0 | -€11,596 | -100% |
| Taxes, remuneration and social security | 45 | €6,355 | €13,162 | +€6,807 | +107% |
| Taxes | 450/3 | €6,355 | €13,162 | +€6,807 | +107% |
| Other amounts payable | 47/48 | €80,000 | €102,274 | +€22,274 | +27.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | €55 | -€157 | -74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,594 | €4,883 | -€711 | -12.7% |
| Other operating charges | 640/8 | €1,051 | €1,941 | +€890 | +84.7% |
| Gross operating margin | 9900 | €70,299 | €79,322 | +€9,023 | +12.8% |
| Operating profit (loss) | 9901 | €63,442 | €72,443 | +€9,001 | +14.2% |
| Financial income | 75/76B | €4,607 | €1,450 | -€3,158 | -68.5% |
| Recurring financial income | 75 | €4,607 | €1,450 | -€3,158 | -68.5% |
| Financial charges | 65/66B | €472 | €408 | -€64 | -13.5% |
| Recurring financial charges | 65 | €472 | €408 | -€64 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €67,577 | €73,484 | +€5,907 | +8.7% |
| Income taxes | 67/77 | €22,022 | €23,875 | +€1,853 | +8.4% |
| Profit (loss) for the period | 9904 | €45,555 | €49,609 | +€4,054 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,555 | €49,609 | +€4,054 | +8.9% |
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 19 October 2026 via checked.be.