SABENA AEROSPACE: 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
SABENA AEROSPACE
NACE 30.310, Manufacture of other transport equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20.0m
2024 · €143,510-€20.1m
Equity
€5.3m
2024 · €25.3m-€20.0m
Cash
€419,763
2024 · €499,855-€80,092
Balance sheet total
€5.4m
2024 · €25.3m-€19.9m
Largest movements
Assets
- Financial fixed assets -€20.0m
down €20.0m (-91.6%), from €21.8m to €1.8m
Equity and liabilities
- Profit (loss) carried forward -€20.0m
down €20.0m (-83.1%), from €24.0m to €4.1m
Income statement
- Financial charges +€20.0m
up €20.0m (+1,423,664%), from €1,405 to €20.0m
of which Non-recurring financial charges: +€20.0m
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
€143,510
Write-downs
+€65,879
Provisions
-€43,030
Other operating charges
-€2,416
Other operating items
-€184,776
Financial income
+€4,679
Financial charges
-€20.0m
Taxes
+€44,558
Result 2025
-€20.0m
raises the resultlowers the resultnot broken down further in the accounts
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
-€20.0m
Investment
+€20.0m
Financing
€0
Cash 2024
€499,855
From operations (derived)
-€20.0m
Net result for the year
-€20.0m
Receivables within one year
-€80,992
Smaller working-capital items
+€24,900
Investment (derived)
+€20.0m
Investment in fixed assets (net)
+€20.0m
Current investments
-€43,877
Cash 2025
€419,763
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,349,681 | €5,401,208 | -€19.9m | -78.7% |
| Fixed assets | 21/28 | €21,825,028 | €1,828,092 | -€20.0m | -91.6% |
| Financial fixed assets | 28 | €21,825,028 | €1,828,092 | -€20.0m | -91.6% |
| Affiliated companies | 280/1 | €21,825,028 | €1,828,092 | -€20.0m | -91.6% |
| Participating interests | 280 | €21,325,028 | €1,328,092 | -€20.0m | -93.8% |
| Amounts receivable | 281 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €3,524,653 | €3,573,117 | +€48,464 | +1.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,681 | €97,674 | +€80,992 | +486% |
| Trade receivables | 40 | €14,487 | €43,237 | +€28,750 | +198% |
| Other amounts receivable | 41 | €2,194 | €54,437 | +€52,242 | +2,381% |
| Current investments | 50/53 | €3,000,000 | €3,043,877 | +€43,877 | +1.5% |
| Other investments | 51/53 | €3,000,000 | €3,043,877 | +€43,877 | +1.5% |
| Cash at bank and in hand | 54/58 | €499,855 | €419,763 | -€80,092 | -16.0% |
| Deferred charges and accrued income | 490/1 | €8,117 | €11,804 | +€3,687 | +45.4% |
| Total equity and liabilities | 10/49 | €25,349,681 | €5,401,208 | -€19.9m | -78.7% |
| Equity | 10/15 | €25,252,927 | €5,275,867 | -€20.0m | -79.1% |
| Contributions | 10/11 | €1,088,000 | €1,088,000 | = | 0.0% |
| Capital | 10 | €1,088,000 | €1,088,000 | = | 0.0% |
| Issued capital | 100 | €1,088,000 | €1,088,000 | = | 0.0% |
| Reserves | 13 | €118,647 | €118,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118,647 | €118,647 | = | 0.0% |
| Legal reserve | 130 | €118,647 | €118,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,046,280 | €4,069,220 | -€20.0m | -83.1% |
| Provisions and deferred taxes | 16 | - | €43,030 | +€43,030 | |
| Provisions for liabilities and charges | 160/5 | - | €43,030 | +€43,030 | |
| Other liabilities and charges | 164/5 | - | €43,030 | +€43,030 | |
| Amounts payable | 17/49 | €96,754 | €82,312 | -€14,442 | -14.9% |
| Amounts payable within one year | 42/48 | €69,349 | €81,274 | +€11,925 | +17.2% |
| Trade debts | 44 | €38,823 | €51,263 | +€12,439 | +32.0% |
| Suppliers | 440/4 | €38,823 | €51,263 | +€12,439 | +32.0% |
| Taxes, remuneration and social security | 45 | €30,526 | €30,011 | -€515 | -1.7% |
| Taxes | 450/3 | €30,526 | €30,011 | -€515 | -1.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €27,405 | €1,038 | -€26,367 | -96.2% |
| Operating income | 70/76A | €200,000 | €40,000 | -€160,000 | -80.0% |
| Other operating income | 74 | - | €40,000 | +€40,000 | |
| Non-recurring operating income | 76A | €200,000 | €0 | -€200,000 | -100% |
| Operating charges | 60/66A | €95,714 | €100,056 | +€4,342 | +4.5% |
| Services and other goods | 61 | €26,542 | €51,319 | +€24,776 | +93.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,879 | €0 | -€65,879 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €43,030 | +€43,030 | |
| Other operating charges | 640/8 | €3,292 | €5,708 | +€2,416 | +73.4% |
| Operating profit (loss) | 9901 | €104,286 | -€60,056 | -€164,342 | |
| Financial income | 75/76B | €91,813 | €96,492 | +€4,679 | +5.1% |
| Recurring financial income | 75 | €91,813 | €96,492 | +€4,679 | +5.1% |
| Income from financial fixed assets | 750 | €18,407 | €17,500 | -€907 | -4.9% |
| Income from current assets | 751 | €62,304 | €36,460 | -€25,844 | -41.5% |
| Other financial income | 752/9 | €11,103 | €42,532 | +€31,430 | +283% |
| Financial charges | 65/66B | €1,405 | €20,006,871 | +€20.0m | +1,423,664% |
| Recurring financial charges | 65 | €1,405 | €9,934 | +€8,529 | +607% |
| Other financial charges | 652/9 | €1,405 | €9,934 | +€8,529 | +607% |
| Non-recurring financial charges | 66B | - | €19,996,937 | +€20.0m | |
| Profit (loss) for the period before taxes | 9903 | €194,694 | -€19,970,434 | -€20.2m | |
| Income taxes | 67/77 | €51,184 | €6,626 | -€44,558 | -87.1% |
| Taxes | 670/3 | €51,184 | €10,938 | -€40,246 | -78.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,312 | +€4,312 | |
| Profit (loss) for the period | 9904 | €143,510 | -€19,977,060 | -€20.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €143,510 | -€19,977,060 | -€20.1m |
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 31 October 2026 via checked.be.