Sablon Capital: 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 Capital
Largest movements
- Deferred charges and accrued income -€21,700
no longer reported in 2024 (was €21,700)
- Other debts +€35,215
up €35,215 (+16.4%), from €214,666 to €249,881
- Profit (loss) carried forward -€25,474
down €25,474 (-12.2%), from -€208,780 to -€234,254
- Accrued charges and deferred income -€19,862
no longer reported in 2024 (was €19,862)
- Debts after one year -€17,142
down €17,142 (-1.1%), from €1.5m to €1.5m
- Financial charges -€75,777
down €75,777 (-68.0%), from €111,517 to €35,740
- Gross operating margin -€15,577
down €15,577 (-41.2%), from €37,854 to €22,277
- Depreciation -€11,462
down €11,462 (-48.8%), from €23,473 to €12,011
- Other operating charges -€2,222
no longer reported in 2024 (was €2,222)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,552,312 | €1,523,707 | -€28,606 | -1.8% |
| Fixed assets | 21/28 | €1,143,576 | €1,131,565 | -€12,011 | -1.1% |
| Tangible fixed assets | 22/27 | €489,752 | €477,741 | -€12,011 | -2.5% |
| Land and buildings | 22 | €489,752 | €477,741 | -€12,011 | -2.5% |
| Financial fixed assets | 28 | €653,824 | €653,824 | = | 0.0% |
| Current assets | 29/58 | €408,736 | €392,142 | -€16,595 | -4.1% |
| Amounts receivable within one year | 40/41 | €386,676 | €388,370 | +€1,694 | +0.4% |
| Trade receivables | 40 | - | €1,207 | +€1,207 | |
| Other amounts receivable | 41 | €386,676 | €387,163 | +€487 | +0.1% |
| Cash at bank and in hand | 54/58 | €360 | €3,772 | +€3,412 | +948% |
| Deferred charges and accrued income | 490/1 | €21,700 | - | -€21,700 | |
| Total equity and liabilities | 10/49 | €1,552,312 | €1,523,707 | -€28,606 | -1.8% |
| Equity | 10/15 | -€193,780 | -€219,254 | -€25,474 | -13.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,780 | -€234,254 | -€25,474 | -12.2% |
| Amounts payable | 17/49 | €1,746,092 | €1,742,961 | -€3,131 | -0.2% |
| Amounts payable after more than one year | 17 | €1,492,467 | €1,475,325 | -€17,142 | -1.1% |
| Financial debts | 170/4 | €1,492,467 | €1,475,325 | -€17,142 | -1.1% |
| Amounts payable within one year | 42/48 | €233,763 | €267,636 | +€33,872 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €18,078 | €17,142 | -€937 | -5.2% |
| Trade debts | 44 | €1,019 | €8 | -€1,011 | -99.2% |
| Suppliers | 440/4 | €1,019 | €8 | -€1,011 | -99.2% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Other amounts payable | 47/48 | €214,666 | €249,881 | +€35,215 | +16.4% |
| Accrued charges and deferred income | 492/3 | €19,862 | - | -€19,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,473 | €12,011 | -€11,462 | -48.8% |
| Other operating charges | 640/8 | €2,222 | - | -€2,222 | |
| Gross operating margin | 9900 | €37,854 | €22,277 | -€15,577 | -41.2% |
| Operating profit (loss) | 9901 | €12,159 | €10,265 | -€1,894 | -15.6% |
| Financial charges | 65/66B | €111,517 | €35,740 | -€75,777 | -68.0% |
| Recurring financial charges | 65 | €111,517 | €35,740 | -€75,777 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | -€99,358 | -€25,474 | +€73,884 | +74.4% |
| Profit (loss) for the period | 9904 | -€99,358 | -€25,474 | +€73,884 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,358 | -€25,474 | +€73,884 | +74.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.