SABET: 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.
SABET
Largest movements
- Cash +€27,065
up €27,065 (+44.9%), from €60,253 to €87,318
mainly Net result for the year (+€80,950) and Other debts (+€23,991)
- Receivables within one year -€14,155
down €14,155 (-34.5%), from €41,075 to €26,919
of which Trade receivables: -€15,048
- Tangible fixed assets -€11,832
down €11,832 (-45.9%), from €25,793 to €13,961
of which Furniture and vehicles: -€9,984
- Other debts +€23,991
up €23,991 (+332%), from €7,216 to €31,208
- Reserves -€17,500
down €17,500 (-10.9%), from €160,000 to €142,500
- Trade debts -€4,345
down €4,345 (-81.8%), from €5,313 to €968
- Gross operating margin +€10,207
up €10,207 (+11.6%), from €88,349 to €98,556
- Financial income -€7,295
down €7,295 (-100.0%), from €7,295 to €0
- Depreciation -€5,725
down €5,725 (-58.8%), from €9,737 to €4,012
- Taxes -€5,259
down €5,259 (-29.9%), from €17,599 to €12,340
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,339 | €202,214 | +€2,875 | +1.4% |
| Fixed assets | 21/28 | €25,793 | €13,961 | -€11,832 | -45.9% |
| Tangible fixed assets | 22/27 | €25,793 | €13,961 | -€11,832 | -45.9% |
| Plant, machinery and equipment | 23 | €478 | €1,060 | +€582 | +122% |
| Furniture and vehicles | 24 | €11,432 | €1,447 | -€9,984 | -87.3% |
| Other tangible fixed assets | 26 | €13,883 | €11,453 | -€2,430 | -17.5% |
| Current assets | 29/58 | €173,546 | €188,253 | +€14,707 | +8.5% |
| Amounts receivable within one year | 40/41 | €41,075 | €26,919 | -€14,155 | -34.5% |
| Trade receivables | 40 | €33,198 | €18,150 | -€15,048 | -45.3% |
| Other amounts receivable | 41 | €7,876 | €8,769 | +€893 | +11.3% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,253 | €87,318 | +€27,065 | +44.9% |
| Deferred charges and accrued income | 490/1 | €2,218 | €4,015 | +€1,797 | +81.0% |
| Total equity and liabilities | 10/49 | €199,339 | €202,214 | +€2,875 | +1.4% |
| Equity | 10/15 | €178,600 | €161,100 | -€17,500 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,000 | €142,500 | -€17,500 | -10.9% |
| Distributable reserves | 133 | €160,000 | €142,500 | -€17,500 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,739 | €41,114 | +€20,375 | +98.2% |
| Amounts payable within one year | 42/48 | €20,739 | €41,114 | +€20,375 | +98.2% |
| Trade debts | 44 | €5,313 | €968 | -€4,345 | -81.8% |
| Suppliers | 440/4 | €5,313 | €968 | -€4,345 | -81.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,209 | €8,938 | +€729 | +8.9% |
| Taxes | 450/3 | €6,447 | €8,938 | +€2,491 | +38.6% |
| Remuneration and social security | 454/9 | €1,762 | €0 | -€1,762 | -100% |
| Other amounts payable | 47/48 | €7,216 | €31,208 | +€23,991 | +332% |
| Non-recurring operating income | 76A | - | €13,689 | +€13,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,737 | €4,012 | -€5,725 | -58.8% |
| Other operating charges | 640/8 | €786 | €1,044 | +€258 | +32.9% |
| Gross operating margin | 9900 | €88,349 | €98,556 | +€10,207 | +11.6% |
| Operating profit (loss) | 9901 | €77,827 | €93,500 | +€15,673 | +20.1% |
| Financial income | 75/76B | €7,295 | €0 | -€7,295 | -100.0% |
| Recurring financial income | 75 | €7,295 | €0 | -€7,295 | -100.0% |
| Financial charges | 65/66B | €307 | €210 | -€97 | -31.6% |
| Recurring financial charges | 65 | €307 | €210 | -€97 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €84,815 | €93,290 | +€8,475 | +10.0% |
| Income taxes | 67/77 | €17,599 | €12,340 | -€5,259 | -29.9% |
| Profit (loss) for the period | 9904 | €67,216 | €80,950 | +€13,733 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,216 | €80,950 | +€13,733 | +20.4% |
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 20 October 2026 via checked.be.