Sabel: what changed
Two fiscal 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.
Sabel
Largest movements
- Tangible fixed assets +€22,910
up €22,910 (+904.7%), from €2,532 to €25,442
of which Furniture and vehicles: +€23,820
- Cash -€825
down €825 (-32.3%), from €2,550 to €1,726
mainly Investment in fixed assets (net) (-€26,600) and Net result for the year (-€6,920)
- Debts after one year +€25,000
new in 2025: €25,000
- Profit (loss) carried forward -€6,920
down €6,920, from €4,741 to -€2,178
- Other debts +€3,991
up €3,991 (+1119.5%), from €356 to €4,347
- Depreciation +€1,549
up €1,549 (+66.2%), from €2,341 to €3,890
- Gross operating margin +€649
up €649 (+49.1%), from -€1,323 to -€674
- Other operating charges +€298
up €298 (+24.1%), from €1,234 to €1,532
- Taxes +€124
up €124 (+7069.1%), from €2 to €125
- Financial charges +€42
up €42 (+6.4%), from €656 to €698
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 | €26,489 | €48,734 | +€22,246 | +84.0% |
| Fixed assets | 21/28 | €22,812 | €45,522 | +€22,710 | +99.6% |
| Intangible fixed assets | 21 | €20,000 | €20,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,532 | €25,442 | +€22,910 | +904.7% |
| Plant, machinery and equipment | 23 | €1,113 | €204 | -€910 | -81.7% |
| Furniture and vehicles | 24 | €1,419 | €25,239 | +€23,820 | +1678.5% |
| Financial fixed assets | 28 | €280 | €80 | -€200 | -71.4% |
| Current assets | 29/58 | €3,676 | €3,212 | -€464 | -12.6% |
| Amounts receivable within one year | 40/41 | - | €60 | +€60 | |
| Trade receivables | 40 | - | €44 | +€44 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €2,550 | €1,726 | -€825 | -32.3% |
| Deferred charges and accrued income | 490/1 | €1,126 | €1,427 | +€301 | +26.7% |
| Total equity and liabilities | 10/49 | €26,489 | €48,734 | +€22,246 | +84.0% |
| Equity | 10/15 | €23,685 | €16,766 | -€6,920 | -29.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €352 | €352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €352 | €352 | = | 0.0% |
| Reserves not available under the articles | 1311 | €352 | €352 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,741 | -€2,178 | -€6,920 | |
| Amounts payable | 17/49 | €2,803 | €31,969 | +€29,166 | +1040.5% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €2,803 | €6,969 | +€4,166 | +148.6% |
| Trade debts | 44 | €1,995 | €1,912 | -€83 | -4.2% |
| Suppliers | 440/4 | €1,995 | €1,912 | -€83 | -4.2% |
| Taxes, remuneration and social security | 45 | €452 | €710 | +€258 | +57.2% |
| Taxes | 450/3 | €452 | €710 | +€258 | +57.2% |
| Other amounts payable | 47/48 | €356 | €4,347 | +€3,991 | +1119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,341 | €3,890 | +€1,549 | +66.2% |
| Other operating charges | 640/8 | €1,234 | €1,532 | +€298 | +24.1% |
| Gross operating margin | 9900 | -€1,323 | -€674 | +€649 | +49.1% |
| Operating profit (loss) | 9901 | -€4,898 | -€6,096 | -€1,198 | -24.5% |
| Financial income | 75/76B | €6 | €0 | -€5 | -94.3% |
| Recurring financial income | 75 | €6 | €0 | -€5 | -94.3% |
| Financial charges | 65/66B | €656 | €698 | +€42 | +6.4% |
| Recurring financial charges | 65 | €656 | €698 | +€42 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,549 | -€6,794 | -€1,245 | -22.4% |
| Income taxes | 67/77 | €2 | €125 | +€124 | +7069.1% |
| Profit (loss) for the period | 9904 | -€5,551 | -€6,920 | -€1,369 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,551 | -€6,920 | -€1,369 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.