SABESS: 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.
SABESS
Largest movements
- Intangible fixed assets +€403,575
new in 2025: €403,575
- Receivables within one year +€204,556
up €204,556 (+99.8%), from €204,988 to €409,544
of which Trade receivables: +€195,422
- Cash -€104,274
down €104,274 (-60.4%), from €172,760 to €68,486
mainly Investment in fixed assets (net) (-€425,000) and Receivables within one year (-€204,556)
- Stocks and contracts -€27,160
down €27,160 (-15.5%), from €175,000 to €147,840
- Debts after one year +€305,862
new in 2025: €305,862
- Current portion of long-term debt +€102,353
new in 2025: €102,353
- Trade debts +€48,934
up €48,934 (+21.1%), from €232,355 to €281,289
- Profit (loss) carried forward -€11,844
down €11,844 (-100%), from €11,844 to €0
- Tax, wage and social debts +€10,594
up €10,594 (+45.6%), from €23,213 to €33,807
of which Taxes: +€24,903
- Depreciation +€23,045
up €23,045 (+263%), from €8,747 to €31,793
- Staff costs +€3,839
up €3,839 (+1.5%), from €261,181 to €265,020
- Taxes +€3,128
up €3,128 (+378%), from €828 to €3,956
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 | €592,595 | €1,058,925 | +€466,329 | +78.7% |
| Fixed assets | 21/28 | €39,848 | €433,055 | +€393,208 | +987% |
| Intangible fixed assets | 21 | - | €403,575 | +€403,575 | |
| Tangible fixed assets | 22/27 | €39,848 | €29,480 | -€10,368 | -26.0% |
| Land and buildings | 22 | €13,064 | €10,072 | -€2,991 | -22.9% |
| Plant, machinery and equipment | 23 | €19,730 | €15,008 | -€4,722 | -23.9% |
| Furniture and vehicles | 24 | €7,054 | €4,400 | -€2,655 | -37.6% |
| Current assets | 29/58 | €552,748 | €625,870 | +€73,122 | +13.2% |
| Stocks and contracts in progress | 3 | €175,000 | €147,840 | -€27,160 | -15.5% |
| Stocks | 30/36 | €175,000 | €147,840 | -€27,160 | -15.5% |
| Amounts receivable within one year | 40/41 | €204,988 | €409,544 | +€204,556 | +99.8% |
| Trade receivables | 40 | €204,283 | €399,705 | +€195,422 | +95.7% |
| Other amounts receivable | 41 | €704 | €9,839 | +€9,135 | +1,297% |
| Cash at bank and in hand | 54/58 | €172,760 | €68,486 | -€104,274 | -60.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €592,595 | €1,058,925 | +€466,329 | +78.7% |
| Equity | 10/15 | €117,187 | €98,918 | -€18,269 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,743 | €80,318 | -€6,425 | -7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,883 | €78,458 | -€6,425 | -7.6% |
| Profit (loss) carried forward | 14 | €11,844 | €0 | -€11,844 | -100% |
| Amounts payable | 17/49 | €475,408 | €960,007 | +€484,598 | +102% |
| Amounts payable after more than one year | 17 | - | €305,862 | +€305,862 | |
| Financial debts | 170/4 | - | €305,862 | +€305,862 | |
| Amounts payable within one year | 42/48 | €475,408 | €644,749 | +€169,340 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €102,353 | +€102,353 | |
| Financial debts | 43 | €1,656 | €738 | -€918 | -55.5% |
| Credit institutions | 430/8 | €1,656 | €738 | -€918 | -55.5% |
| Trade debts | 44 | €232,355 | €281,289 | +€48,934 | +21.1% |
| Suppliers | 440/4 | €232,355 | €281,289 | +€48,934 | +21.1% |
| Taxes, remuneration and social security | 45 | €23,213 | €33,807 | +€10,594 | +45.6% |
| Taxes | 450/3 | €7,655 | €32,558 | +€24,903 | +325% |
| Remuneration and social security | 454/9 | €15,558 | €1,249 | -€14,309 | -92.0% |
| Other amounts payable | 47/48 | €218,184 | €226,562 | +€8,378 | +3.8% |
| Accrued charges and deferred income | 492/3 | €0 | €9,396 | +€9,396 | |
| Remuneration, social security and pensions | 62 | €261,181 | €265,020 | +€3,839 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,747 | €31,793 | +€23,045 | +263% |
| Other operating charges | 640/8 | €2,499 | €2,251 | -€248 | -9.9% |
| Gross operating margin | 9900 | €286,998 | €287,079 | +€81 | 0.0% |
| Operating profit (loss) | 9901 | €14,571 | -€11,985 | -€26,556 | |
| Financial income | 75/76B | €570 | €2,529 | +€1,959 | +344% |
| Recurring financial income | 75 | €570 | €2,529 | +€1,959 | +344% |
| Financial charges | 65/66B | €2,469 | €4,856 | +€2,388 | +96.7% |
| Recurring financial charges | 65 | €2,469 | €4,856 | +€2,388 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €12,672 | -€14,312 | -€26,985 | |
| Income taxes | 67/77 | €828 | €3,956 | +€3,128 | +378% |
| Profit (loss) for the period | 9904 | €11,844 | -€18,269 | -€30,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,844 | -€18,269 | -€30,113 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.