SABER: 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.
SABER
Largest movements
- Current investments +€392,778
up €392,778 (+58.5%), from €671,150 to €1.1m
- Receivables within one year -€231,752
down €231,752 (-100.0%), from €231,752 to €0
of which Other amounts receivable: -€206,250
- Cash +€58,414
up €58,414 (+125.7%), from €46,478 to €104,892
mainly Receivables within one year (+€231,752) and Net result for the year (+€197,566)
- Tangible fixed assets -€22,700
down €22,700 (-11.9%), from €190,618 to €167,919
of which Furniture and vehicles: -€21,952
- Reserves +€197,566
up €197,566 (+17.8%), from €1.1m to €1.3m
of which Distributable reserves: +€199,794
- Financial income +€10,200
up €10,200 (+44.6%), from €22,887 to €33,087
- Gross operating margin +€8,434
up €8,434 (+3.1%), from €269,097 to €277,531
- Depreciation -€6,106
down €6,106 (-21.2%), from €28,805 to €22,700
- Taxes +€5,318
up €5,318 (+6.8%), from €78,263 to €83,581
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 | €1,143,719 | €1,344,156 | +€200,437 | +17.5% |
| Fixed assets | 21/28 | €190,618 | €167,919 | -€22,700 | -11.9% |
| Tangible fixed assets | 22/27 | €190,618 | €167,919 | -€22,700 | -11.9% |
| Land and buildings | 22 | €65,500 | €65,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,067 | €788 | -€279 | -26.1% |
| Furniture and vehicles | 24 | €120,193 | €98,242 | -€21,952 | -18.3% |
| Other tangible fixed assets | 26 | €3,858 | €3,389 | -€469 | -12.2% |
| Current assets | 29/58 | €953,100 | €1,176,237 | +€223,137 | +23.4% |
| Amounts receivable within one year | 40/41 | €231,752 | €0 | -€231,752 | -100.0% |
| Trade receivables | 40 | €25,502 | €0 | -€25,502 | -100.0% |
| Other amounts receivable | 41 | €206,250 | €0 | -€206,250 | -100.0% |
| Current investments | 50/53 | €671,150 | €1,063,928 | +€392,778 | +58.5% |
| Cash at bank and in hand | 54/58 | €46,478 | €104,892 | +€58,414 | +125.7% |
| Deferred charges and accrued income | 490/1 | €3,720 | €7,417 | +€3,697 | +99.4% |
| Total equity and liabilities | 10/49 | €1,143,719 | €1,344,156 | +€200,437 | +17.5% |
| Equity | 10/15 | €1,120,074 | €1,317,640 | +€197,566 | +17.6% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €1,107,682 | €1,305,248 | +€197,566 | +17.8% |
| Tax-exempt reserves | 132 | €32,554 | €30,327 | -€2,228 | -6.8% |
| Distributable reserves | 133 | €1,075,128 | €1,274,921 | +€199,794 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €2,953 | €2,211 | -€743 | -25.1% |
| Deferred taxes | 168 | €2,953 | €2,211 | -€743 | -25.1% |
| Amounts payable | 17/49 | €20,692 | €24,305 | +€3,613 | +17.5% |
| Amounts payable within one year | 42/48 | €20,626 | €24,238 | +€3,612 | +17.5% |
| Trade debts | 44 | €638 | €930 | +€292 | +45.8% |
| Suppliers | 440/4 | €638 | €930 | +€292 | +45.8% |
| Taxes, remuneration and social security | 45 | €16,128 | €21,094 | +€4,967 | +30.8% |
| Taxes | 450/3 | €16,128 | €21,094 | +€4,967 | +30.8% |
| Other amounts payable | 47/48 | €3,860 | €2,214 | -€1,646 | -42.7% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,805 | €22,700 | -€6,106 | -21.2% |
| Other operating charges | 640/8 | €7,272 | €7,467 | +€195 | +2.7% |
| Gross operating margin | 9900 | €269,097 | €277,531 | +€8,434 | +3.1% |
| Operating profit (loss) | 9901 | €233,020 | €247,364 | +€14,344 | +6.2% |
| Financial income | 75/76B | €22,887 | €33,087 | +€10,200 | +44.6% |
| Recurring financial income | 75 | €22,887 | €33,087 | +€10,200 | +44.6% |
| Financial charges | 65/66B | €190 | €46 | -€144 | -75.7% |
| Recurring financial charges | 65 | €190 | €46 | -€144 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €255,717 | €280,405 | +€24,688 | +9.7% |
| Transfer from deferred taxes | 780 | €743 | €743 | -€1 | -0.1% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €78,263 | €83,581 | +€5,318 | +6.8% |
| Profit (loss) for the period | 9904 | €178,197 | €197,566 | +€19,369 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €2,229 | €2,228 | -€2 | -0.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €180,426 | €199,794 | +€19,367 | +10.7% |
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 3 October 2026 via checked.be.