Sabeco: 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.
Sabeco
Largest movements
- Cash +€58,314
up €58,314 (+1,151%), from €5,066 to €63,380
mainly Net result for the year (+€57,819) and Tax, wage and social debts (+€10,255)
- Receivables within one year +€8,925
up €8,925 (+63.0%), from €14,163 to €23,088
of which Trade receivables: +€4,694
- Deferred charges and accrued income -€1,332
no longer reported in 2025 (was €1,332)
- Profit (loss) carried forward +€57,819
up €57,819, from -€15,465 to €42,354
- Tax, wage and social debts +€10,255
up €10,255 (+102%), from €10,012 to €20,267
of which Taxes: +€16,730
- Trade debts -€2,752
down €2,752 (-45.8%), from €6,008 to €3,256
- Gross operating margin +€85,826
up €85,826, from -€12,635 to €73,191
- Taxes +€12,482
new in 2025: €12,482
- Depreciation +€1,177
up €1,177 (+545%), from €216 to €1,393
- Other operating charges -€1,142
down €1,142 (-49.3%), from €2,317 to €1,175
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 | €23,817 | €89,371 | +€65,554 | +275% |
| Fixed assets | 21/28 | €3,256 | €2,903 | -€353 | -10.8% |
| Tangible fixed assets | 22/27 | €3,256 | €2,903 | -€353 | -10.8% |
| Furniture and vehicles | 24 | €3,256 | €2,903 | -€353 | -10.8% |
| Current assets | 29/58 | €20,561 | €86,468 | +€65,907 | +321% |
| Amounts receivable within one year | 40/41 | €14,163 | €23,088 | +€8,925 | +63.0% |
| Trade receivables | 40 | €13,866 | €18,560 | +€4,694 | +33.9% |
| Other amounts receivable | 41 | €297 | €4,528 | +€4,231 | +1,425% |
| Cash at bank and in hand | 54/58 | €5,066 | €63,380 | +€58,314 | +1,151% |
| Deferred charges and accrued income | 490/1 | €1,332 | - | -€1,332 | |
| Total equity and liabilities | 10/49 | €23,817 | €89,371 | +€65,554 | +275% |
| Equity | 10/15 | €5,108 | €62,927 | +€57,819 | +1,132% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,573 | €19,573 | = | 0.0% |
| Distributable reserves | 133 | €19,573 | €19,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,465 | €42,354 | +€57,819 | |
| Amounts payable | 17/49 | €18,709 | €26,444 | +€7,735 | +41.3% |
| Amounts payable within one year | 42/48 | €18,709 | €26,442 | +€7,733 | +41.3% |
| Trade debts | 44 | €6,008 | €3,256 | -€2,752 | -45.8% |
| Suppliers | 440/4 | €6,008 | €3,256 | -€2,752 | -45.8% |
| Taxes, remuneration and social security | 45 | €10,012 | €20,267 | +€10,255 | +102% |
| Taxes | 450/3 | €3,537 | €20,267 | +€16,730 | +473% |
| Remuneration and social security | 454/9 | €6,475 | - | -€6,475 | |
| Other amounts payable | 47/48 | €2,689 | €2,919 | +€230 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €1,393 | +€1,177 | +545% |
| Other operating charges | 640/8 | €2,317 | €1,175 | -€1,142 | -49.3% |
| Gross operating margin | 9900 | -€12,635 | €73,191 | +€85,826 | |
| Operating profit (loss) | 9901 | -€15,168 | €70,623 | +€85,791 | |
| Financial income | 75/76B | €14 | €9 | -€5 | -35.7% |
| Recurring financial income | 75 | €14 | €9 | -€5 | -35.7% |
| Financial charges | 65/66B | €311 | €331 | +€20 | +6.4% |
| Recurring financial charges | 65 | €311 | €331 | +€20 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,465 | €70,301 | +€85,766 | |
| Income taxes | 67/77 | - | €12,482 | +€12,482 | |
| Profit (loss) for the period | 9904 | -€15,465 | €57,819 | +€73,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,465 | €57,819 | +€73,284 |
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 16 October 2026 via checked.be.