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
- Current investments +€100,000
new in 2025: €100,000
- Cash -€37,822
down €37,822 (-31.1%), from €121,425 to €83,602
mainly Contributions, distributions and other (-€463,866) and Current investments (-€100,000)
- Tangible fixed assets +€24,206
up €24,206 (+282%), from €8,580 to €32,786
- Other debts +€463,761
up €463,761 (+440,335%), from €105 to €463,866
- Profit (loss) carried forward -€306,981
no longer reported in 2025 (was €306,981)
- Debts after one year -€58,000
down €58,000 (-13.8%), from €419,048 to €361,048
- Tax, wage and social debts -€17,303
down €17,303 (-19.5%), from €88,618 to €71,315
- Gross operating margin -€20,916
down €20,916 (-8.0%), from €260,506 to €239,590
- Taxes +€5,003
up €5,003 (+9.0%), from €55,619 to €60,621
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 | €893,312 | €983,114 | +€89,802 | +10.1% |
| Fixed assets | 21/28 | €708,580 | €732,786 | +€24,206 | +3.4% |
| Tangible fixed assets | 22/27 | €8,580 | €32,786 | +€24,206 | +282% |
| Furniture and vehicles | 24 | €8,580 | €32,786 | +€24,206 | +282% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €184,732 | €250,329 | +€65,597 | +35.5% |
| Amounts receivable within one year | 40/41 | €63,102 | €65,291 | +€2,189 | +3.5% |
| Trade receivables | 40 | €63,102 | €48,340 | -€14,762 | -23.4% |
| Other amounts receivable | 41 | - | €16,951 | +€16,951 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €121,425 | €83,602 | -€37,822 | -31.1% |
| Deferred charges and accrued income | 490/1 | €206 | €1,436 | +€1,230 | +597% |
| Total equity and liabilities | 10/49 | €893,312 | €983,114 | +€89,802 | +10.1% |
| Equity | 10/15 | €309,481 | €2,500 | -€306,981 | -99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,981 | - | -€306,981 | |
| Amounts payable | 17/49 | €583,831 | €980,614 | +€396,784 | +68.0% |
| Amounts payable after more than one year | 17 | €419,048 | €361,048 | -€58,000 | -13.8% |
| Financial debts | 170/4 | €419,048 | €361,048 | -€58,000 | -13.8% |
| Amounts payable within one year | 42/48 | €164,782 | €619,566 | +€454,784 | +276% |
| Current portion of amounts payable after more than one year | 42 | €74,597 | €83,741 | +€9,144 | +12.3% |
| Trade debts | 44 | €1,463 | €644 | -€818 | -56.0% |
| Suppliers | 440/4 | €1,463 | €644 | -€818 | -56.0% |
| Taxes, remuneration and social security | 45 | €88,618 | €71,315 | -€17,303 | -19.5% |
| Taxes | 450/3 | €88,618 | €71,315 | -€17,303 | -19.5% |
| Other amounts payable | 47/48 | €105 | €463,866 | +€463,761 | +440,335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,089 | €5,017 | +€929 | +22.7% |
| Other operating charges | 640/8 | €1,002 | €1,488 | +€486 | +48.5% |
| Gross operating margin | 9900 | €260,506 | €239,590 | -€20,916 | -8.0% |
| Operating profit (loss) | 9901 | €255,416 | €233,085 | -€22,330 | -8.7% |
| Financial income | 75/76B | €541 | €1,601 | +€1,060 | +196% |
| Recurring financial income | 75 | €541 | €1,601 | +€1,060 | +196% |
| Financial charges | 65/66B | €17,708 | €17,179 | -€528 | -3.0% |
| Recurring financial charges | 65 | €17,708 | €17,179 | -€528 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €238,248 | €217,506 | -€20,742 | -8.7% |
| Income taxes | 67/77 | €55,619 | €60,621 | +€5,003 | +9.0% |
| Profit (loss) for the period | 9904 | €182,630 | €156,885 | -€25,745 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €182,630 | €156,885 | -€25,745 | -14.1% |
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 18 October 2026 via checked.be.