Sablon: 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.
Sablon
Largest movements
- Tangible fixed assets -€98,490
down €98,490 (-87.6%), from €112,402 to €13,912
of which Furniture and vehicles: -€98,982
- Receivables within one year +€22,331
up €22,331 (+79.7%), from €28,009 to €50,340
of which Other amounts receivable: +€25,791
- Cash -€3,801
down €3,801 (-48.3%), from €7,876 to €4,076
mainly Trade debts (-€86,317) and Receivables within one year (-€22,331)
- Trade debts -€86,317
down €86,317 (-92.5%), from €93,274 to €6,957
- Tax, wage and social debts +€14,222
up €14,222 (+84.6%), from €16,811 to €31,033
of which Taxes: +€13,406
- Other debts -€8,486
no longer reported in 2025 (was €8,486)
- Profit (loss) carried forward +€1,727
up €1,727 (+20.1%), from -€8,580 to -€6,853
- Gross operating margin -€24,535
down €24,535 (-41.2%), from €59,530 to €34,995
- Staff costs +€11,397
up €11,397 (+238%), from €4,786 to €16,183
- Financial charges +€4,587
up €4,587 (+178%), from €2,576 to €7,163
of which Financial charges: +€5,487
- Depreciation -€3,279
down €3,279 (-46.4%), from €7,067 to €3,788
- Financial income +€793
up €793 (+1,600%), from €50 to €842
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 | €150,906 | €71,013 | -€79,894 | -52.9% |
| Fixed assets | 21/28 | €112,402 | €13,912 | -€98,490 | -87.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €112,402 | €13,912 | -€98,490 | -87.6% |
| Plant, machinery and equipment | 23 | €1,975 | €2,724 | +€750 | +38.0% |
| Furniture and vehicles | 24 | €102,059 | €3,077 | -€98,982 | -97.0% |
| Leasing and similar rights | 25 | - | €1,325 | +€1,325 | |
| Other tangible fixed assets | 26 | €8,369 | €6,786 | -€1,583 | -18.9% |
| Current assets | 29/58 | €38,505 | €57,101 | +€18,596 | +48.3% |
| Amounts receivable within one year | 40/41 | €28,009 | €50,340 | +€22,331 | +79.7% |
| Trade receivables | 40 | €13,642 | €10,182 | -€3,460 | -25.4% |
| Other amounts receivable | 41 | €14,367 | €40,158 | +€25,791 | +180% |
| Cash at bank and in hand | 54/58 | €7,876 | €4,076 | -€3,801 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,619 | €2,685 | +€66 | +2.5% |
| Total equity and liabilities | 10/49 | €150,906 | €71,013 | -€79,894 | -52.9% |
| Equity | 10/15 | €31,296 | €33,023 | +€1,727 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,284 | €21,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €19,424 | €19,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,580 | -€6,853 | +€1,727 | +20.1% |
| Amounts payable | 17/49 | €119,611 | €37,990 | -€81,621 | -68.2% |
| Amounts payable after more than one year | 17 | €1,040 | - | -€1,040 | |
| Financial debts | 170/4 | €1,040 | - | -€1,040 | |
| Amounts payable within one year | 42/48 | €118,571 | €37,990 | -€80,581 | -68.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €93,274 | €6,957 | -€86,317 | -92.5% |
| Suppliers | 440/4 | €93,274 | €6,957 | -€86,317 | -92.5% |
| Taxes, remuneration and social security | 45 | €16,811 | €31,033 | +€14,222 | +84.6% |
| Taxes | 450/3 | €16,499 | €29,905 | +€13,406 | +81.3% |
| Remuneration and social security | 454/9 | €312 | €1,128 | +€816 | +261% |
| Other amounts payable | 47/48 | €8,486 | - | -€8,486 | |
| Remuneration, social security and pensions | 62 | €4,786 | €16,183 | +€11,397 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,067 | €3,788 | -€3,279 | -46.4% |
| Other operating charges | 640/8 | €1,401 | €2,098 | +€698 | +49.8% |
| Non-recurring operating charges | 66A | €2,648 | €648 | -€2,000 | -75.5% |
| Gross operating margin | 9900 | €59,530 | €34,995 | -€24,535 | -41.2% |
| Operating profit (loss) | 9901 | €43,628 | €12,278 | -€31,350 | -71.9% |
| Financial income | 75/76B | €50 | €842 | +€793 | +1,600% |
| Recurring financial income | 75 | €50 | €842 | +€793 | +1,600% |
| Financial charges | 65/66B | €2,576 | €7,163 | +€4,587 | +178% |
| Recurring financial charges | 65 | €1,676 | €7,163 | +€5,487 | +327% |
| Non-recurring financial charges | 66B | €900 | €0 | -€900 | -100% |
| Profit (loss) for the period before taxes | 9903 | €41,102 | €5,958 | -€35,144 | -85.5% |
| Income taxes | 67/77 | €3,615 | €4,230 | +€616 | +17.0% |
| Profit (loss) for the period | 9904 | €37,487 | €1,727 | -€35,760 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,487 | €1,727 | -€35,760 | -95.4% |
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 23 October 2026 via checked.be.