SABINA: 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.
SABINA
Largest movements
- Cash +€26,927
up €26,927 (+49.4%), from €54,552 to €81,479
mainly Net result for the year (+€40,526) and Other debts (+€25,054)
- Tangible fixed assets -€11,474
down €11,474 (-23.8%), from €48,181 to €36,707
of which Furniture and vehicles: -€10,055
- Other debts +€25,054
up €25,054 (+65.2%), from €38,454 to €63,508
- Debts after one year -€11,064
down €11,064 (-33.7%), from €32,840 to €21,776
- Tax, wage and social debts +€3,108
up €3,108 (+65.6%), from €4,742 to €7,850
- Gross operating margin +€25,564
up €25,564 (+61.3%), from €41,678 to €67,242
- Taxes +€5,317
up €5,317 (+107%), from €4,954 to €10,272
- Financial charges -€1,811
down €1,811 (-47.9%), from €3,781 to €1,970
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 | €122,032 | €138,271 | +€16,239 | +13.3% |
| Fixed assets | 21/28 | €48,181 | €36,707 | -€11,474 | -23.8% |
| Tangible fixed assets | 22/27 | €48,181 | €36,707 | -€11,474 | -23.8% |
| Plant, machinery and equipment | 23 | €3,823 | €2,403 | -€1,420 | -37.1% |
| Furniture and vehicles | 24 | €44,358 | €34,303 | -€10,055 | -22.7% |
| Current assets | 29/58 | €73,851 | €101,564 | +€27,713 | +37.5% |
| Amounts receivable within one year | 40/41 | €18,145 | €18,849 | +€705 | +3.9% |
| Trade receivables | 40 | €8,567 | €14,581 | +€6,014 | +70.2% |
| Other amounts receivable | 41 | €9,578 | €4,268 | -€5,309 | -55.4% |
| Cash at bank and in hand | 54/58 | €54,552 | €81,479 | +€26,927 | +49.4% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,237 | +€82 | +7.1% |
| Total equity and liabilities | 10/49 | €122,032 | €138,271 | +€16,239 | +13.3% |
| Equity | 10/15 | €32,295 | €32,295 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,695 | €13,695 | = | 0.0% |
| Distributable reserves | 133 | €13,695 | €13,695 | = | 0.0% |
| Amounts payable | 17/49 | €89,737 | €105,976 | +€16,239 | +18.1% |
| Amounts payable after more than one year | 17 | €32,840 | €21,776 | -€11,064 | -33.7% |
| Financial debts | 170/4 | €32,840 | €21,776 | -€11,064 | -33.7% |
| Amounts payable within one year | 42/48 | €55,597 | €84,201 | +€28,603 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €10,526 | €11,064 | +€539 | +5.1% |
| Trade debts | 44 | €1,876 | €1,779 | -€97 | -5.2% |
| Suppliers | 440/4 | €1,876 | €1,779 | -€97 | -5.2% |
| Taxes, remuneration and social security | 45 | €4,742 | €7,850 | +€3,108 | +65.6% |
| Taxes | 450/3 | €4,742 | €7,850 | +€3,108 | +65.6% |
| Other amounts payable | 47/48 | €38,454 | €63,508 | +€25,054 | +65.2% |
| Accrued charges and deferred income | 492/3 | €1,300 | - | -€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,720 | €14,036 | +€316 | +2.3% |
| Other operating charges | 640/8 | €276 | €439 | +€164 | +59.4% |
| Gross operating margin | 9900 | €41,678 | €67,242 | +€25,564 | +61.3% |
| Operating profit (loss) | 9901 | €27,682 | €52,767 | +€25,085 | +90.6% |
| Financial charges | 65/66B | €3,781 | €1,970 | -€1,811 | -47.9% |
| Recurring financial charges | 65 | €3,781 | €1,970 | -€1,811 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €23,902 | €50,797 | +€26,895 | +113% |
| Income taxes | 67/77 | €4,954 | €10,272 | +€5,317 | +107% |
| Profit (loss) for the period | 9904 | €18,948 | €40,526 | +€21,578 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €18,948 | €40,526 | +€21,578 | +114% |
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 13 October 2026 via checked.be.