SABIE: 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.
SABIE
Largest movements
- Receivables after one year -€34,692
down €34,692 (-7.4%), from €468,715 to €434,022
- Debts after one year -€49,244
down €49,244 (-14.0%), from €350,609 to €301,364
- Reserves +€19,264
up €19,264 (+30.4%), from €63,284 to €82,548
- Gross operating margin +€1,473
up €1,473 (+5.6%), from €26,361 to €27,833
- Financial income -€937
down €937 (-6.6%), from €14,166 to €13,229
- Taxes +€822
up €822 (+13.3%), from €6,191 to €7,013
- Financial charges -€809
down €809 (-14.0%), from €5,789 to €4,980
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 | €699,236 | €672,222 | -€27,014 | -3.9% |
| Fixed assets | 21/28 | €140,602 | €140,602 | = | 0.0% |
| Tangible fixed assets | 22/27 | €140,602 | €140,602 | = | 0.0% |
| Land and buildings | 22 | €140,602 | €140,602 | = | 0.0% |
| Current assets | 29/58 | €558,634 | €531,620 | -€27,014 | -4.8% |
| Amounts receivable after more than one year | 29 | €468,715 | €434,022 | -€34,692 | -7.4% |
| Other amounts receivable | 291 | €468,715 | €434,022 | -€34,692 | -7.4% |
| Amounts receivable within one year | 40/41 | €83,862 | €88,087 | +€4,225 | +5.0% |
| Trade receivables | 40 | €22,448 | €960 | -€21,488 | -95.7% |
| Other amounts receivable | 41 | €61,414 | €87,127 | +€25,713 | +41.9% |
| Cash at bank and in hand | 54/58 | €6,057 | €9,511 | +€3,454 | +57.0% |
| Total equity and liabilities | 10/49 | €699,236 | €672,222 | -€27,014 | -3.9% |
| Equity | 10/15 | €203,886 | €223,150 | +€19,264 | +9.4% |
| Contributions | 10/11 | €140,602 | €140,602 | = | 0.0% |
| Reserves | 13 | €63,284 | €82,548 | +€19,264 | +30.4% |
| Distributable reserves | 133 | €63,284 | €82,548 | +€19,264 | +30.4% |
| Amounts payable | 17/49 | €495,350 | €449,072 | -€46,278 | -9.3% |
| Amounts payable after more than one year | 17 | €350,609 | €301,364 | -€49,244 | -14.0% |
| Financial debts | 170/4 | €350,609 | €301,364 | -€49,244 | -14.0% |
| Amounts payable within one year | 42/48 | €144,741 | €147,708 | +€2,966 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €48,653 | €49,245 | +€591 | +1.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,266 | €673 | -€593 | -46.8% |
| Suppliers | 440/4 | €1,266 | €673 | -€593 | -46.8% |
| Taxes, remuneration and social security | 45 | €10,878 | €13,246 | +€2,368 | +21.8% |
| Taxes | 450/3 | €10,878 | €13,246 | +€2,368 | +21.8% |
| Other amounts payable | 47/48 | €83,944 | €84,544 | +€600 | +0.7% |
| Non-recurring operating income | 76A | - | €1,900 | +€1,900 | |
| Other operating charges | 640/8 | €9,532 | €9,805 | +€273 | +2.9% |
| Gross operating margin | 9900 | €26,361 | €27,833 | +€1,473 | +5.6% |
| Operating profit (loss) | 9901 | €16,829 | €18,028 | +€1,199 | +7.1% |
| Financial income | 75/76B | €14,166 | €13,229 | -€937 | -6.6% |
| Recurring financial income | 75 | €14,166 | €13,229 | -€937 | -6.6% |
| Financial charges | 65/66B | €5,789 | €4,980 | -€809 | -14.0% |
| Recurring financial charges | 65 | €5,789 | €4,980 | -€809 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €25,206 | €26,277 | +€1,071 | +4.3% |
| Income taxes | 67/77 | €6,191 | €7,013 | +€822 | +13.3% |
| Profit (loss) for the period | 9904 | €19,015 | €19,264 | +€249 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,015 | €19,264 | +€249 | +1.3% |
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 21 October 2026 via checked.be.