SABI: 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.
SABI
Largest movements
- Tangible fixed assets +€29,919
up €29,919 (+695.8%), from €4,300 to €34,219
of which Plant, machinery and equipment: +€33,142
- Receivables within one year -€25,812
down €25,812 (-22.8%), from €113,259 to €87,446
of which Trade receivables: -€16,739
- Cash -€12,468
down €12,468 (-52.4%), from €23,777 to €11,309
mainly Net result for the year (-€40,487) and Investment in fixed assets (net) (-€39,680)
- Stocks and contracts +€5,265
up €5,265 (+8.4%), from €62,840 to €68,105
of which Contracts in progress: +€4,355
- Reserves -€37,574
down €37,574 (-37.3%), from €100,654 to €63,080
of which Distributable reserves: -€37,574
- Short-term financial debts +€17,210
up €17,210 (+232.0%), from €7,418 to €24,628
- Debts after one year +€15,394
up €15,394 (+62.9%), from €24,458 to €39,852
- Current portion of long-term debt +€6,190
up €6,190 (+87.5%), from €7,074 to €13,265
- Profit (loss) carried forward -€2,913
down €2,913 (-100.0%), from €2,913 to €0
- Gross operating margin -€47,422
down €47,422, from €23,521 to -€23,901
- Financial charges -€4,693
down €4,693 (-44.5%), from €10,547 to €5,854
- Depreciation +€4,560
up €4,560 (+87.7%), from €5,201 to €9,761
- Taxes -€2,949
down €2,949 (-94.5%), from €3,120 to €171
- Financial income -€972
down €972 (-99.9%), from €974 to €1
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 | €204,708 | €201,611 | -€3,097 | -1.5% |
| Fixed assets | 21/28 | €4,300 | €34,219 | +€29,919 | +695.8% |
| Tangible fixed assets | 22/27 | €4,300 | €34,219 | +€29,919 | +695.8% |
| Plant, machinery and equipment | 23 | €1,067 | €34,209 | +€33,142 | +3106.2% |
| Furniture and vehicles | 24 | €3,233 | €10 | -€3,223 | -99.7% |
| Current assets | 29/58 | €200,408 | €167,393 | -€33,015 | -16.5% |
| Stocks and contracts in progress | 3 | €62,840 | €68,105 | +€5,265 | +8.4% |
| Stocks | 30/36 | €42,195 | €43,105 | +€910 | +2.2% |
| Contracts in progress | 37 | €20,645 | €25,000 | +€4,355 | +21.1% |
| Amounts receivable within one year | 40/41 | €113,259 | €87,446 | -€25,812 | -22.8% |
| Trade receivables | 40 | €93,649 | €76,910 | -€16,739 | -17.9% |
| Other amounts receivable | 41 | €19,610 | €10,537 | -€9,073 | -46.3% |
| Cash at bank and in hand | 54/58 | €23,777 | €11,309 | -€12,468 | -52.4% |
| Deferred charges and accrued income | 490/1 | €532 | €532 | = | 0.0% |
| Total equity and liabilities | 10/49 | €204,708 | €201,611 | -€3,097 | -1.5% |
| Equity | 10/15 | €109,767 | €69,280 | -€40,487 | -36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,654 | €63,080 | -€37,574 | -37.3% |
| Tax-exempt reserves | 132 | €1,193 | €1,193 | = | 0.0% |
| Distributable reserves | 133 | €99,461 | €61,887 | -€37,574 | -37.8% |
| Profit (loss) carried forward | 14 | €2,913 | €0 | -€2,913 | -100.0% |
| Amounts payable | 17/49 | €94,941 | €132,332 | +€37,391 | +39.4% |
| Amounts payable after more than one year | 17 | €24,458 | €39,852 | +€15,394 | +62.9% |
| Financial debts | 170/4 | €24,458 | €39,852 | +€15,394 | +62.9% |
| Amounts payable within one year | 42/48 | €70,483 | €92,479 | +€21,996 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €7,074 | €13,265 | +€6,190 | +87.5% |
| Financial debts | 43 | €7,418 | €24,628 | +€17,210 | +232.0% |
| Credit institutions | 430/8 | €7,418 | €24,628 | +€17,210 | +232.0% |
| Trade debts | 44 | €31,462 | €30,423 | -€1,039 | -3.3% |
| Suppliers | 440/4 | €31,462 | €30,423 | -€1,039 | -3.3% |
| Taxes, remuneration and social security | 45 | €205 | €2,068 | +€1,864 | +910.8% |
| Taxes | 450/3 | €205 | €471 | +€266 | +130.1% |
| Remuneration and social security | 454/9 | - | €1,598 | +€1,598 | |
| Other amounts payable | 47/48 | €24,324 | €22,095 | -€2,229 | -9.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €311 | €0 | -€311 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,201 | €9,761 | +€4,560 | +87.7% |
| Other operating charges | 640/8 | €746 | €801 | +€54 | +7.3% |
| Gross operating margin | 9900 | €23,521 | -€23,901 | -€47,422 | |
| Operating profit (loss) | 9901 | €17,263 | -€34,463 | -€51,726 | |
| Financial income | 75/76B | €974 | €1 | -€972 | -99.9% |
| Recurring financial income | 75 | €974 | €1 | -€972 | -99.9% |
| Financial charges | 65/66B | €10,547 | €5,854 | -€4,693 | -44.5% |
| Recurring financial charges | 65 | €10,547 | €5,854 | -€4,693 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €7,690 | -€40,316 | -€48,006 | |
| Income taxes | 67/77 | €3,120 | €171 | -€2,949 | -94.5% |
| Profit (loss) for the period | 9904 | €4,570 | -€40,487 | -€45,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,570 | -€40,487 | -€45,057 |
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 10 October 2026 via checked.be.