SABER MANAGEMENT: 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.
SABER MANAGEMENT
Largest movements
- Tangible fixed assets +€57,610
up €57,610 (+36.4%), from €158,481 to €216,091
- Receivables within one year +€47,190
up €47,190 (+1,265%), from €3,731 to €50,921
of which Other amounts receivable: +€47,899
- Cash +€10,125
up €10,125 (+196%), from €5,158 to €15,283
mainly Other debts (+€80,315) and Net result for the year (+€31,304)
- Other debts +€80,315
up €80,315 (+19.7%), from €407,057 to €487,372
- Profit (loss) carried forward +€31,304
up €31,304 (+12.8%), from -€244,687 to -€213,383
- Trade debts +€3,168
new in 2025: €3,168
- Gross operating margin +€135,326
up €135,326, from -€90,987 to €44,339
- Depreciation -€28,087
down €28,087 (-74.6%), from €37,640 to €9,553
- Other operating charges +€3,013
up €3,013 (+779%), from €387 to €3,400
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,370 | €282,357 | +€114,987 | +68.7% |
| Fixed assets | 21/28 | €158,481 | €216,091 | +€57,610 | +36.4% |
| Tangible fixed assets | 22/27 | €158,481 | €216,091 | +€57,610 | +36.4% |
| Furniture and vehicles | 24 | €158,481 | €216,091 | +€57,610 | +36.4% |
| Current assets | 29/58 | €8,889 | €66,266 | +€57,377 | +645% |
| Amounts receivable within one year | 40/41 | €3,731 | €50,921 | +€47,190 | +1,265% |
| Trade receivables | 40 | €3,000 | €2,291 | -€709 | -23.6% |
| Other amounts receivable | 41 | €731 | €48,630 | +€47,899 | +6,553% |
| Cash at bank and in hand | 54/58 | €5,158 | €15,283 | +€10,125 | +196% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €167,370 | €282,357 | +€114,987 | +68.7% |
| Equity | 10/15 | -€239,687 | -€208,383 | +€31,304 | +13.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,687 | -€213,383 | +€31,304 | +12.8% |
| Amounts payable | 17/49 | €407,057 | €490,740 | +€83,683 | +20.6% |
| Amounts payable within one year | 42/48 | €407,057 | €490,540 | +€83,483 | +20.5% |
| Trade debts | 44 | - | €3,168 | +€3,168 | |
| Suppliers | 440/4 | - | €3,168 | +€3,168 | |
| Other amounts payable | 47/48 | €407,057 | €487,372 | +€80,315 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Non-recurring operating income | 76A | - | €52,375 | +€52,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,640 | €9,553 | -€28,087 | -74.6% |
| Other operating charges | 640/8 | €387 | €3,400 | +€3,013 | +779% |
| Gross operating margin | 9900 | -€90,987 | €44,339 | +€135,326 | |
| Operating profit (loss) | 9901 | -€129,014 | €31,386 | +€160,400 | |
| Financial charges | 65/66B | €93 | €82 | -€11 | -11.8% |
| Recurring financial charges | 65 | €93 | €82 | -€11 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€129,107 | €31,304 | +€160,411 | |
| Profit (loss) for the period | 9904 | -€129,107 | €31,304 | +€160,411 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,107 | €31,304 | +€160,411 |
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 18 October 2026 via checked.be.