SABELGA: 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.
SABELGA
Largest movements
- Cash +€135,575
up €135,575 (+2985.9%), from €4,541 to €140,115
mainly Net result for the year (+€148,163) and Tax, wage and social debts (+€76,059)
- Deferred charges and accrued income +€89,038
up €89,038 (+631.9%), from €14,091 to €103,129
- Receivables within one year -€7,287
down €7,287 (-67.6%), from €10,778 to €3,492
of which Trade receivables: -€9,738
- Reserves +€158,567
new in 2025: €158,567
- Tax, wage and social debts +€76,059
up €76,059 (+1471.4%), from €5,169 to €81,228
of which Taxes: +€80,658
- Profit (loss) carried forward -€13,793
down €13,793 (-100.0%), from €13,793 to €0
- Other debts -€3,058
down €3,058 (-78.6%), from €3,891 to €833
- Gross operating margin +€197,972
up €197,972 (+1299.4%), from €15,236 to €213,208
- Taxes +€64,108
new in 2025: €64,108
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 | €29,410 | €247,966 | +€218,556 | +743.1% |
| Fixed assets | 21/28 | - | €1,231 | +€1,231 | |
| Tangible fixed assets | 22/27 | - | €1,231 | +€1,231 | |
| Furniture and vehicles | 24 | - | €1,231 | +€1,231 | |
| Current assets | 29/58 | €29,410 | €246,736 | +€217,326 | +739.0% |
| Amounts receivable within one year | 40/41 | €10,778 | €3,492 | -€7,287 | -67.6% |
| Trade receivables | 40 | €10,778 | €1,040 | -€9,738 | -90.4% |
| Other amounts receivable | 41 | - | €2,452 | +€2,452 | |
| Cash at bank and in hand | 54/58 | €4,541 | €140,115 | +€135,575 | +2985.9% |
| Deferred charges and accrued income | 490/1 | €14,091 | €103,129 | +€89,038 | +631.9% |
| Total equity and liabilities | 10/49 | €29,410 | €247,966 | +€218,556 | +743.1% |
| Equity | 10/15 | €16,293 | €161,067 | +€144,774 | +888.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €158,567 | +€158,567 | |
| Distributable reserves | 133 | - | €158,567 | +€158,567 | |
| Profit (loss) carried forward | 14 | €13,793 | €0 | -€13,793 | -100.0% |
| Amounts payable | 17/49 | €13,117 | €86,899 | +€73,782 | +562.5% |
| Amounts payable within one year | 42/48 | €12,942 | €86,899 | +€73,957 | +571.5% |
| Trade debts | 44 | €3,882 | €4,838 | +€956 | +24.6% |
| Suppliers | 440/4 | €3,882 | €4,838 | +€956 | +24.6% |
| Taxes, remuneration and social security | 45 | €5,169 | €81,228 | +€76,059 | +1471.4% |
| Taxes | 450/3 | €250 | €80,908 | +€80,658 | +32276.2% |
| Remuneration and social security | 454/9 | €4,919 | €320 | -€4,599 | -93.5% |
| Other amounts payable | 47/48 | €3,891 | €833 | -€3,058 | -78.6% |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €529 | +€529 | |
| Other operating charges | 640/8 | €603 | €509 | -€94 | -15.6% |
| Gross operating margin | 9900 | €15,236 | €213,208 | +€197,972 | +1299.4% |
| Operating profit (loss) | 9901 | €14,633 | €212,171 | +€197,537 | +1349.9% |
| Financial income | 75/76B | - | €162 | +€162 | |
| Recurring financial income | 75 | - | €162 | +€162 | |
| Financial charges | 65/66B | €8 | €61 | +€54 | +717.7% |
| Recurring financial charges | 65 | €8 | €61 | +€54 | +717.7% |
| Profit (loss) for the period before taxes | 9903 | €14,626 | €212,271 | +€197,645 | +1351.3% |
| Income taxes | 67/77 | - | €64,108 | +€64,108 | |
| Profit (loss) for the period | 9904 | €14,626 | €148,163 | +€133,537 | +913.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,626 | €148,163 | +€133,537 | +913.0% |
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 10 October 2026 via checked.be.