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 +€1.5m
up €1.5m (+62.8%), from €2.5m to €4.0m
of which Assets under construction and advance payments: +€1.7m
- Receivables within one year +€79,802
up €79,802 (+58,394%), from €137 to €79,938
of which Other amounts receivable: +€76,274
- Trade debts +€1.2m
up €1.2m (+1,204%), from €96,878 to €1.3m
- Other debts +€387,204
up €387,204 (+98.4%), from €393,560 to €780,764
- Profit (loss) carried forward +€73,354
up €73,354 (+10.5%), from €696,767 to €770,121
- Gross operating margin +€117,952
up €117,952 (+86.9%), from €135,736 to €253,688
- Depreciation -€75,865
down €75,865 (-33.3%), from €227,594 to €151,730
- Other operating charges -€27,578
down €27,578 (-49.6%), from €55,619 to €28,041
- Financial charges -€12,602
down €12,602 (-95.7%), from €13,167 to €565
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 | €2,524,223 | €4,168,044 | +€1.6m | +65.1% |
| Fixed assets | 21/28 | €2,461,119 | €4,006,323 | +€1.5m | +62.8% |
| Tangible fixed assets | 22/27 | €2,461,119 | €4,006,323 | +€1.5m | +62.8% |
| Land and buildings | 22 | €1,880,715 | €1,739,491 | -€141,224 | -7.5% |
| Plant, machinery and equipment | 23 | €58,117 | €47,612 | -€10,505 | -18.1% |
| Assets under construction and advance payments | 27 | €522,287 | €2,219,220 | +€1.7m | +325% |
| Current assets | 29/58 | €63,104 | €161,721 | +€98,616 | +156% |
| Amounts receivable within one year | 40/41 | €137 | €79,938 | +€79,802 | +58,394% |
| Trade receivables | 40 | - | €3,528 | +€3,528 | |
| Other amounts receivable | 41 | €137 | €76,411 | +€76,274 | +55,813% |
| Cash at bank and in hand | 54/58 | €62,968 | €81,782 | +€18,815 | +29.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,524,223 | €4,168,044 | +€1.6m | +65.1% |
| Equity | 10/15 | €2,033,786 | €2,107,139 | +€73,354 | +3.6% |
| Contributions | 10/11 | €1,075,019 | €1,075,019 | = | 0.0% |
| Capital | 10 | €1,075,019 | €1,075,019 | = | 0.0% |
| Issued capital | 100 | €1,075,019 | €1,075,019 | = | 0.0% |
| Reserves | 13 | €262,000 | €262,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €262,000 | €262,000 | = | 0.0% |
| Legal reserve | 130 | €262,000 | €262,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €696,767 | €770,121 | +€73,354 | +10.5% |
| Amounts payable | 17/49 | €490,438 | €2,060,905 | +€1.6m | +320% |
| Amounts payable within one year | 42/48 | €490,438 | €2,044,475 | +€1.6m | +317% |
| Trade debts | 44 | €96,878 | €1,263,711 | +€1.2m | +1,204% |
| Suppliers | 440/4 | €96,878 | €1,263,711 | +€1.2m | +1,204% |
| Other amounts payable | 47/48 | €393,560 | €780,764 | +€387,204 | +98.4% |
| Accrued charges and deferred income | 492/3 | €0 | €16,430 | +€16,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,594 | €151,730 | -€75,865 | -33.3% |
| Other operating charges | 640/8 | €55,619 | €28,041 | -€27,578 | -49.6% |
| Gross operating margin | 9900 | €135,736 | €253,688 | +€117,952 | +86.9% |
| Operating profit (loss) | 9901 | -€147,477 | €73,918 | +€221,395 | |
| Financial income | 75/76B | €456 | €1 | -€455 | -99.8% |
| Recurring financial income | 75 | €456 | €1 | -€455 | -99.8% |
| Financial charges | 65/66B | €13,167 | €565 | -€12,602 | -95.7% |
| Recurring financial charges | 65 | €13,167 | €565 | -€12,602 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | -€160,189 | €73,354 | +€233,543 | |
| Profit (loss) for the period | 9904 | -€160,189 | €73,354 | +€233,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€160,189 | €73,354 | +€233,543 |
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 27 October 2026 via checked.be.