SABEEN: 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.
What changed
SABEEN
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €2.2m-€77,672
Equity
€126.2m
2024 · €126.2m+€32,510
Cash
€1,934
2024 · €2,068-€134
Balance sheet total
€150.0m
2024 · €150.5m-€515,636
Largest movements
Assets
- Receivables within one year +€5.7m
up €5.7m (+266%), from €2.1m to €7.8m
of which Other amounts receivable: +€5.6m
- Financial fixed assets -€5.0m
down €5.0m (-3.7%), from €135.5m to €130.5m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€1.8m
up €1.8m (+82.9%), from €2.2m to €4.0m
- Financial charges +€1.1m
up €1.1m (+56.9%), from €1.9m to €2.9m
of which Non-recurring financial charges: +€1.1m
- Provisions +€642,146
up €642,146 (+97.2%), from -€660,452 to -€18,306
- Depreciation +€315,598
up €315,598 (+27.7%), from €1.1m to €1.5m
- Other operating charges -€233,700
down €233,700 (-35.3%), from €661,811 to €428,111
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.
Result 2024
€2.2m
Gross operating margin
+€1.8m
Depreciation
-€315,598
Provisions
-€642,146
Other operating charges
+€233,700
Financial income
-€121,158
Financial charges
-€1.1m
Result 2025
€2.1m
raises the resultlowers the result
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.
From operations
-€2.6m
Investment
+€4.7m
Financing
-€2.1m
Cash 2024
€2,068
From operations (derived)
-€2.6m
Net result for the year
+€2.1m
Depreciation
+€1.5m
Receivables within one year
-€5.7m
Smaller working-capital items
-€20,987
Provisions
-€18,306
Trade debts
-€285,490
Other debts
-€274,309
Accrued charges and deferred income
+€42,890
Investment (derived)
+€4.7m
Investment in fixed assets (net)
+€4.7m
Financing
-€2.1m
Contributions, distributions and other
-€2.1m
Cash 2025
€1,934
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,512,094 | €149,996,458 | -€515,636 | -0.3% |
| Fixed assets | 21/28 | €147,127,903 | €140,941,127 | -€6.2m | -4.2% |
| Tangible fixed assets | 22/27 | €11,589,609 | €10,425,445 | -€1.2m | -10.0% |
| Land and buildings | 22 | €11,564,476 | €10,340,917 | -€1.2m | -10.6% |
| Plant, machinery and equipment | 23 | €25,134 | €84,528 | +€59,394 | +236% |
| Financial fixed assets | 28 | €135,538,294 | €130,515,683 | -€5.0m | -3.7% |
| Current assets | 29/58 | €3,384,190 | €9,055,331 | +€5.7m | +168% |
| Amounts receivable within one year | 40/41 | €2,128,647 | €7,791,865 | +€5.7m | +266% |
| Trade receivables | 40 | €522,632 | €565,438 | +€42,806 | +8.2% |
| Other amounts receivable | 41 | €1,606,015 | €7,226,427 | +€5.6m | +350% |
| Cash at bank and in hand | 54/58 | €2,068 | €1,934 | -€134 | -6.5% |
| Deferred charges and accrued income | 490/1 | €1,253,475 | €1,261,532 | +€8,056 | +0.6% |
| Total equity and liabilities | 10/49 | €150,512,094 | €149,996,458 | -€515,636 | -0.3% |
| Equity | 10/15 | €126,150,574 | €126,183,084 | +€32,510 | 0.0% |
| Contributions | 10/11 | €46,987,707 | €46,987,707 | = | 0.0% |
| Capital | 10 | €46,987,707 | €46,987,707 | = | 0.0% |
| Issued capital | 100 | €46,987,707 | €46,987,707 | = | 0.0% |
| Reserves | 13 | €79,162,867 | €79,195,377 | +€32,510 | 0.0% |
| Non-distributable reserves | 130/1 | €946,538 | €1,082,209 | +€135,670 | +14.3% |
| Legal reserve | 130 | €946,538 | €1,082,209 | +€135,670 | +14.3% |
| Tax-exempt reserves | 132 | €76,122,870 | €76,122,870 | = | 0.0% |
| Distributable reserves | 133 | €2,093,459 | €1,990,298 | -€103,161 | -4.9% |
| Provisions and deferred taxes | 16 | €29,772 | €11,466 | -€18,306 | -61.5% |
| Provisions for liabilities and charges | 160/5 | €29,772 | €11,466 | -€18,306 | -61.5% |
| Major repairs and maintenance | 162 | €29,772 | €11,466 | -€18,306 | -61.5% |
| Amounts payable | 17/49 | €24,331,748 | €23,801,908 | -€529,840 | -2.2% |
| Amounts payable after more than one year | 17 | €23,000,000 | €23,000,000 | = | 0.0% |
| Financial debts | 170/4 | €23,000,000 | €23,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,157,785 | €585,055 | -€572,730 | -49.5% |
| Trade debts | 44 | €870,545 | €585,055 | -€285,490 | -32.8% |
| Suppliers | 440/4 | €870,545 | €585,055 | -€285,490 | -32.8% |
| Taxes, remuneration and social security | 45 | €12,931 | - | -€12,931 | |
| Taxes | 450/3 | €12,931 | - | -€12,931 | |
| Other amounts payable | 47/48 | €274,309 | - | -€274,309 | |
| Accrued charges and deferred income | 492/3 | €173,963 | €216,853 | +€42,890 | +24.7% |
| Non-recurring operating income | 76A | €8,599 | - | -€8,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,140,193 | €1,455,790 | +€315,598 | +27.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€660,452 | -€18,306 | +€642,146 | +97.2% |
| Other operating charges | 640/8 | €661,811 | €428,111 | -€233,700 | -35.3% |
| Gross operating margin | 9900 | €2,196,631 | €4,017,871 | +€1.8m | +82.9% |
| Operating profit (loss) | 9901 | €1,055,080 | €2,152,276 | +€1.1m | +104% |
| Financial income | 75/76B | €3,000,449 | €2,879,291 | -€121,158 | -4.0% |
| Recurring financial income | 75 | €3,000,449 | €2,879,291 | -€121,158 | -4.0% |
| Financial charges | 65/66B | €1,851,888 | €2,905,598 | +€1.1m | +56.9% |
| Recurring financial charges | 65 | €1,851,888 | €1,836,448 | -€15,440 | -0.8% |
| Non-recurring financial charges | 66B | - | €1,069,150 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €2,203,641 | €2,125,969 | -€77,672 | -3.5% |
| Profit (loss) for the period | 9904 | €2,203,641 | €2,125,969 | -€77,672 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,203,641 | €2,125,969 | -€77,672 | -3.5% |
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.