SABINE VAN PAEMEL: what changed
What changed
SABINE VAN PAEMEL
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
-€61,614
2024 · -€64,013+€2,398
Equity
€1.0m
2024 · €1.1m-€61,614
Cash
€45,172
2024 · €173,222-€128,050
Balance sheet total
€1.2m
2024 · €1.3m-€93,129
Largest movements
Assets
- Current investments +€136,643
up €136,643 (+137%), from €100,000 to €236,643
- Cash -€128,050
down €128,050 (-73.9%), from €173,222 to €45,172
mainly Current investments (-€136,643) and Net result for the year (-€61,614)
- Tangible fixed assets -€55,194
down €55,194 (-6.1%), from €909,278 to €854,084
- Stocks and contracts -€37,254
down €37,254 (-90.7%), from €41,075 to €3,821
Equity and liabilities
- Reserves -€61,614
down €61,614 (-5.7%), from €1.1m to €1.0m
- Trade debts -€22,056
down €22,056 (-79.3%), from €27,800 to €5,744
Income statement
- Financial income +€18,137
up €18,137 (+1,921%), from €944 to €19,081
- Financial charges +€17,541
up €17,541 (+442%), from €3,966 to €21,507
- Depreciation -€2,002
down €2,002 (-3.5%), from €56,949 to €54,947
- Other operating charges -€745
down €745 (-12.3%), from €6,034 to €5,290
- Gross operating margin +€537
up €537 (+24.6%), from €2,188 to €2,725
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€64,013
Gross operating margin
+€537
Depreciation
+€2,002
Other operating charges
+€745
Other operating items
-€1,503
Financial income
+€18,137
Financial charges
-€17,541
Taxes
+€22
Result 2025
-€61,614
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,357
Investment
-€136,395
Financing
-€11
Cash 2024
€173,222
From operations (derived)
+€8,357
Net result for the year
-€61,614
Depreciation
+€54,947
Stocks and contracts
+€37,254
Receivables within one year
+€8,731
Deferred charges and accrued income
+€543
Trade debts
-€22,056
Tax, wage and social debts
+€2,291
Advances received
-€607
Other debts
-€11,419
Accrued charges and deferred income
+€289
Investment (derived)
-€136,395
Investment in fixed assets (net)
+€247
Current investments
-€136,643
Financing
-€11
Short-term financial debts
-€11
Cash 2025
€45,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,255,797 | €1,162,668 | -€93,129 | -7.4% |
| Fixed assets | 21/28 | €909,328 | €854,134 | -€55,194 | -6.1% |
| Tangible fixed assets | 22/27 | €909,278 | €854,084 | -€55,194 | -6.1% |
| Land and buildings | 22 | €472,787 | €452,250 | -€20,536 | -4.3% |
| Plant, machinery and equipment | 23 | €7,445 | €4,723 | -€2,722 | -36.6% |
| Furniture and vehicles | 24 | €42,495 | €31,307 | -€11,188 | -26.3% |
| Other tangible fixed assets | 26 | €386,552 | €365,804 | -€20,748 | -5.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €346,469 | €308,534 | -€37,935 | -10.9% |
| Stocks and contracts in progress | 3 | €41,075 | €3,821 | -€37,254 | -90.7% |
| Stocks | 30/36 | €41,075 | €3,821 | -€37,254 | -90.7% |
| Amounts receivable within one year | 40/41 | €31,545 | €22,815 | -€8,731 | -27.7% |
| Trade receivables | 40 | €31,140 | €18,835 | -€12,306 | -39.5% |
| Other amounts receivable | 41 | €405 | €3,980 | +€3,575 | +882% |
| Current investments | 50/53 | €100,000 | €236,643 | +€136,643 | +137% |
| Cash at bank and in hand | 54/58 | €173,222 | €45,172 | -€128,050 | -73.9% |
| Deferred charges and accrued income | 490/1 | €627 | €84 | -€543 | -86.6% |
| Total equity and liabilities | 10/49 | €1,255,797 | €1,162,668 | -€93,129 | -7.4% |
| Equity | 10/15 | €1,105,443 | €1,043,829 | -€61,614 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,086,843 | €1,025,229 | -€61,614 | -5.7% |
| Distributable reserves | 133 | €1,086,843 | €1,025,229 | -€61,614 | -5.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €150,354 | €118,840 | -€31,515 | -21.0% |
| Amounts payable within one year | 42/48 | €142,562 | €110,758 | -€31,804 | -22.3% |
| Financial debts | 43 | €11 | €0 | -€11 | -100% |
| Credit institutions | 430/8 | €11 | €0 | -€11 | -100% |
| Trade debts | 44 | €27,800 | €5,744 | -€22,056 | -79.3% |
| Suppliers | 440/4 | €27,800 | €5,744 | -€22,056 | -79.3% |
| Advances received on contracts in progress | 46 | €762 | €155 | -€607 | -79.7% |
| Taxes, remuneration and social security | 45 | €2,473 | €4,763 | +€2,291 | +92.6% |
| Taxes | 450/3 | €2,473 | €4,763 | +€2,291 | +92.6% |
| Other amounts payable | 47/48 | €111,515 | €100,096 | -€11,419 | -10.2% |
| Accrued charges and deferred income | 492/3 | €7,793 | €8,081 | +€289 | +3.7% |
| Non-recurring operating income | 76A | €7,632 | €0 | -€7,632 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,949 | €54,947 | -€2,002 | -3.5% |
| Other operating charges | 640/8 | €6,034 | €5,290 | -€745 | -12.3% |
| Non-recurring operating charges | 66A | - | €1,503 | +€1,503 | |
| Gross operating margin | 9900 | €2,188 | €2,725 | +€537 | +24.6% |
| Operating profit (loss) | 9901 | -€60,796 | -€59,015 | +€1,781 | +2.9% |
| Financial income | 75/76B | €944 | €19,081 | +€18,137 | +1,921% |
| Recurring financial income | 75 | €944 | €19,081 | +€18,137 | +1,921% |
| Financial charges | 65/66B | €3,966 | €21,507 | +€17,541 | +442% |
| Recurring financial charges | 65 | €3,966 | €21,507 | +€17,541 | +442% |
| Profit (loss) for the period before taxes | 9903 | -€63,818 | -€61,442 | +€2,376 | +3.7% |
| Income taxes | 67/77 | €195 | €173 | -€22 | -11.4% |
| Profit (loss) for the period | 9904 | -€64,013 | -€61,614 | +€2,398 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,013 | -€61,614 | +€2,398 | +3.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.