SABIMAR: 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.
SABIMAR
Largest movements
- Tangible fixed assets -€75,450
down €75,450 (-9.7%), from €780,884 to €705,434
of which Furniture and vehicles: -€52,378
- Cash -€27,877
down €27,877 (-67.0%), from €41,627 to €13,751
mainly Debts after one year (-€78,559) and Other debts (-€17,213)
- Receivables within one year +€13,317
up €13,317 (+7.7%), from €172,070 to €185,387
of which Trade receivables: +€8,344
- Debts after one year -€78,559
down €78,559 (-23.0%), from €341,448 to €262,889
- Other debts -€17,213
down €17,213 (-41.1%), from €41,859 to €24,646
- Reserves +€15,389
up €15,389 (+3.0%), from €518,934 to €534,324
- Gross operating margin -€27,143
down €27,143 (-24.5%), from €110,969 to €83,826
- Financial charges +€20,520
up €20,520 (+151%), from €13,614 to €34,134
of which Non-recurring financial charges: +€22,183
- Taxes -€11,822
down €11,822 (-56.0%), from €21,102 to €9,279
- Depreciation -€9,845
down €9,845 (-29.9%), from €32,917 to €23,072
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 | €997,765 | €909,650 | -€88,114 | -8.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €780,884 | €705,434 | -€75,450 | -9.7% |
| Tangible fixed assets | 22/27 | €780,884 | €705,434 | -€75,450 | -9.7% |
| Land and buildings | 22 | €718,373 | €697,471 | -€20,901 | -2.9% |
| Plant, machinery and equipment | 23 | €10,134 | €7,963 | -€2,171 | -21.4% |
| Furniture and vehicles | 24 | €52,378 | €0 | -€52,378 | -100% |
| Current assets | 29/58 | €216,881 | €204,216 | -€12,664 | -5.8% |
| Amounts receivable within one year | 40/41 | €172,070 | €185,387 | +€13,317 | +7.7% |
| Trade receivables | 40 | €148,571 | €156,915 | +€8,344 | +5.6% |
| Other amounts receivable | 41 | €23,499 | €28,471 | +€4,973 | +21.2% |
| Cash at bank and in hand | 54/58 | €41,627 | €13,751 | -€27,877 | -67.0% |
| Deferred charges and accrued income | 490/1 | €3,184 | €5,079 | +€1,895 | +59.5% |
| Total equity and liabilities | 10/49 | €997,765 | €909,650 | -€88,114 | -8.8% |
| Equity | 10/15 | €537,633 | €553,022 | +€15,389 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €518,934 | €534,324 | +€15,389 | +3.0% |
| Distributable reserves | 133 | €518,934 | €534,324 | +€15,389 | +3.0% |
| Profit (loss) carried forward | 14 | €99 | €99 | = | 0.0% |
| Amounts payable | 17/49 | €460,132 | €356,628 | -€103,503 | -22.5% |
| Amounts payable after more than one year | 17 | €341,448 | €262,889 | -€78,559 | -23.0% |
| Financial debts | 170/4 | €341,448 | €262,889 | -€78,559 | -23.0% |
| Amounts payable within one year | 42/48 | €113,295 | €92,257 | -€21,038 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €56,001 | €53,387 | -€2,614 | -4.7% |
| Trade debts | 44 | €128 | €1,464 | +€1,336 | +1,048% |
| Suppliers | 440/4 | €128 | €1,464 | +€1,336 | +1,048% |
| Taxes, remuneration and social security | 45 | €15,308 | €12,760 | -€2,547 | -16.6% |
| Taxes | 450/3 | €14,446 | €12,644 | -€1,801 | -12.5% |
| Remuneration and social security | 454/9 | €862 | €116 | -€746 | -86.5% |
| Other amounts payable | 47/48 | €41,859 | €24,646 | -€17,213 | -41.1% |
| Accrued charges and deferred income | 492/3 | €5,388 | €1,482 | -€3,907 | -72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,917 | €23,072 | -€9,845 | -29.9% |
| Other operating charges | 640/8 | €3,300 | €2,609 | -€692 | -21.0% |
| Non-recurring operating charges | 66A | €8,043 | - | -€8,043 | |
| Gross operating margin | 9900 | €110,969 | €83,826 | -€27,143 | -24.5% |
| Operating profit (loss) | 9901 | €66,708 | €58,145 | -€8,563 | -12.8% |
| Financial income | 75/76B | €1,057 | €658 | -€400 | -37.8% |
| Recurring financial income | 75 | €1,057 | €658 | -€400 | -37.8% |
| Financial charges | 65/66B | €13,614 | €34,134 | +€20,520 | +151% |
| Recurring financial charges | 65 | €13,614 | €11,951 | -€1,663 | -12.2% |
| Non-recurring financial charges | 66B | - | €22,183 | +€22,183 | |
| Profit (loss) for the period before taxes | 9903 | €54,151 | €24,669 | -€29,483 | -54.4% |
| Income taxes | 67/77 | €21,102 | €9,279 | -€11,822 | -56.0% |
| Profit (loss) for the period | 9904 | €33,049 | €15,389 | -€17,660 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,049 | €15,389 | -€17,660 | -53.4% |
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 17 October 2026 via checked.be.