SABLE D'OR: what changed
Two fiscal 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.
SABLE D'OR
Largest movements
- Stocks and contracts -€34,017
down €34,017 (-20.2%), from €168,556 to €134,539
- Cash +€28,976
up €28,976 (+70.9%), from €40,892 to €69,868
mainly Stocks and contracts (+€34,017) and Tax, wage and social debts (+€3,451)
- Tangible fixed assets +€4,117
up €4,117 (+144.5%), from €2,849 to €6,966
of which Furniture and vehicles: +€2,160
- Other debts -€9,676
down €9,676 (-12.3%), from €78,939 to €69,263
- Tax, wage and social debts +€3,451
up €3,451 (+27.9%), from €12,361 to €15,812
- Profit (loss) carried forward +€2,710
up €2,710 (+64.3%), from -€4,212 to -€1,502
- Trade debts +€2,222
up €2,222 (+79.1%), from €2,808 to €5,030
- Gross operating margin +€4,969
up €4,969 (+40.8%), from €12,190 to €17,159
- Taxes -€3,337
down €3,337, from €2,500 to -€837
- Depreciation +€745
up €745 (+121.7%), from €612 to €1,357
- Financial income -€590
down €590 (-28.4%), from €2,080 to €1,490
- Financial charges +€505
up €505 (+46.3%), from €1,091 to €1,596
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 | €218,929 | €217,636 | -€1,293 | -0.6% |
| Fixed assets | 21/28 | €7,049 | €11,166 | +€4,117 | +58.4% |
| Tangible fixed assets | 22/27 | €2,849 | €6,966 | +€4,117 | +144.5% |
| Plant, machinery and equipment | 23 | €2,849 | €4,806 | +€1,957 | +68.7% |
| Furniture and vehicles | 24 | - | €2,160 | +€2,160 | |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €211,880 | €206,470 | -€5,410 | -2.6% |
| Stocks and contracts in progress | 3 | €168,556 | €134,539 | -€34,017 | -20.2% |
| Stocks | 30/36 | €168,556 | €134,539 | -€34,017 | -20.2% |
| Amounts receivable within one year | 40/41 | - | €142 | +€142 | |
| Other amounts receivable | 41 | - | €142 | +€142 | |
| Cash at bank and in hand | 54/58 | €40,892 | €69,868 | +€28,976 | +70.9% |
| Deferred charges and accrued income | 490/1 | €2,432 | €1,921 | -€511 | -21.0% |
| Total equity and liabilities | 10/49 | €218,929 | €217,636 | -€1,293 | -0.6% |
| Equity | 10/15 | €124,821 | €127,531 | +€2,710 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,833 | €122,833 | = | 0.0% |
| Distributable reserves | 133 | €122,833 | €122,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,212 | -€1,502 | +€2,710 | +64.3% |
| Amounts payable | 17/49 | €94,108 | €90,105 | -€4,003 | -4.3% |
| Amounts payable within one year | 42/48 | €94,108 | €90,105 | -€4,003 | -4.3% |
| Trade debts | 44 | €2,808 | €5,030 | +€2,222 | +79.1% |
| Suppliers | 440/4 | €2,808 | €5,030 | +€2,222 | +79.1% |
| Taxes, remuneration and social security | 45 | €12,361 | €15,812 | +€3,451 | +27.9% |
| Taxes | 450/3 | €12,361 | €15,812 | +€3,451 | +27.9% |
| Other amounts payable | 47/48 | €78,939 | €69,263 | -€9,676 | -12.3% |
| Remuneration, social security and pensions | 62 | €13,473 | €13,038 | -€435 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €1,357 | +€745 | +121.7% |
| Other operating charges | 640/8 | €806 | €785 | -€21 | -2.6% |
| Gross operating margin | 9900 | €12,190 | €17,159 | +€4,969 | +40.8% |
| Operating profit (loss) | 9901 | -€2,701 | €1,979 | +€4,680 | |
| Financial income | 75/76B | €2,080 | €1,490 | -€590 | -28.4% |
| Recurring financial income | 75 | €2,080 | €1,490 | -€590 | -28.4% |
| Financial charges | 65/66B | €1,091 | €1,596 | +€505 | +46.3% |
| Recurring financial charges | 65 | €1,091 | €1,596 | +€505 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,712 | €1,873 | +€3,585 | |
| Income taxes | 67/77 | €2,500 | -€837 | -€3,337 | |
| Profit (loss) for the period | 9904 | -€4,212 | €2,710 | +€6,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,212 | €2,710 | +€6,922 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.