SABELCO: 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.
SABELCO
Largest movements
- Tangible fixed assets -€4,524
down €4,524 (-13.8%), from €32,780 to €28,256
- Receivables within one year +€2,923
up €2,923 (+23.8%), from €12,288 to €15,211
of which Other amounts receivable: +€1,647
- Stocks and contracts -€2,026
down €2,026 (-1.4%), from €143,069 to €141,043
- Profit (loss) carried forward -€26,343
down €26,343 (-27.3%), from -€96,429 to -€122,772
- Short-term financial debts +€12,022
up €12,022 (+10.4%), from €115,051 to €127,073
- Trade debts +€10,958
up €10,958 (+26.3%), from €41,700 to €52,658
- Depreciation -€4,147
down €4,147 (-47.8%), from €8,671 to €4,524
- Gross operating margin -€1,137
down €1,137 (-6.5%), from -€17,620 to -€18,757
- Other operating charges +€354
up €354 (+14.8%), from €2,386 to €2,740
- Financial charges -€201
down €201 (-38.4%), from €522 to €322
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,164 | €185,801 | -€3,363 | -1.8% |
| Fixed assets | 21/28 | €32,780 | €28,256 | -€4,524 | -13.8% |
| Tangible fixed assets | 22/27 | €32,780 | €28,256 | -€4,524 | -13.8% |
| Land and buildings | 22 | €32,780 | €28,256 | -€4,524 | -13.8% |
| Current assets | 29/58 | €156,384 | €157,546 | +€1,161 | +0.7% |
| Stocks and contracts in progress | 3 | €143,069 | €141,043 | -€2,026 | -1.4% |
| Stocks | 30/36 | €143,069 | €141,043 | -€2,026 | -1.4% |
| Amounts receivable within one year | 40/41 | €12,288 | €15,211 | +€2,923 | +23.8% |
| Trade receivables | 40 | €11,591 | €12,868 | +€1,277 | +11.0% |
| Other amounts receivable | 41 | €697 | €2,343 | +€1,647 | +236.3% |
| Cash at bank and in hand | 54/58 | €1,027 | €1,291 | +€264 | +25.7% |
| Total equity and liabilities | 10/49 | €189,164 | €185,801 | -€3,363 | -1.8% |
| Equity | 10/15 | €32,413 | €6,070 | -€26,343 | -81.3% |
| Contributions | 10/11 | €117,130 | €117,130 | = | 0.0% |
| Capital | 10 | €117,130 | €117,130 | = | 0.0% |
| Issued capital | 100 | €117,130 | €117,130 | = | 0.0% |
| Reserves | 13 | €11,713 | €11,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,713 | €11,713 | = | 0.0% |
| Legal reserve | 130 | €11,713 | - | -€11,713 | |
| Reserves not available under the articles | 1311 | - | €11,713 | +€11,713 | |
| Profit (loss) carried forward | 14 | -€96,429 | -€122,772 | -€26,343 | -27.3% |
| Amounts payable | 17/49 | €156,751 | €179,731 | +€22,980 | +14.7% |
| Amounts payable within one year | 42/48 | €156,751 | €179,731 | +€22,980 | +14.7% |
| Financial debts | 43 | €115,051 | €127,073 | +€12,022 | +10.4% |
| Other loans | 439 | €115,051 | €127,073 | +€12,022 | +10.4% |
| Trade debts | 44 | €41,700 | €52,658 | +€10,958 | +26.3% |
| Suppliers | 440/4 | €41,700 | €52,658 | +€10,958 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,671 | €4,524 | -€4,147 | -47.8% |
| Other operating charges | 640/8 | €2,386 | €2,740 | +€354 | +14.8% |
| Gross operating margin | 9900 | -€17,620 | -€18,757 | -€1,137 | -6.5% |
| Operating profit (loss) | 9901 | -€28,677 | -€26,021 | +€2,656 | +9.3% |
| Financial charges | 65/66B | €522 | €322 | -€201 | -38.4% |
| Recurring financial charges | 65 | €522 | €322 | -€201 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,200 | -€26,343 | +€2,857 | +9.8% |
| Profit (loss) for the period | 9904 | -€29,200 | -€26,343 | +€2,857 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,200 | -€26,343 | +€2,857 | +9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.