SABLON FINANCE: what changed
SABLON FINANCE
Largest movements
- Intangible fixed assets +€450,000
new in 2025: €450,000
- Deferred charges and accrued income +€83,959
up €83,959 (+255%), from €32,909 to €116,868
- Cash +€54,842
up €54,842 (+32.0%), from €171,541 to €226,382
mainly Debts after one year (+€384,813) and Other debts (+€135,869)
- Receivables within one year +€33,039
up €33,039 (+249%), from €13,293 to €46,332
of which Other amounts receivable: +€30,842
- Tangible fixed assets +€9,100
up €9,100 (+93.6%), from €9,719 to €18,819
of which Other tangible fixed assets: +€10,527
- Debts after one year +€384,813
new in 2025: €384,813
- Other debts +€135,869
up €135,869 (+77.5%), from €175,342 to €311,210
- Current portion of long-term debt +€66,572
new in 2025: €66,572
- Accrued charges and deferred income +€30,884
up €30,884 (+505%), from €6,116 to €37,000
- Tax, wage and social debts +€10,197
up €10,197 (+60.4%), from €16,891 to €27,088
of which Remuneration and social security: +€14,289
- Gross operating margin +€144,578
up €144,578 (+40.6%), from €356,288 to €500,866
- Staff costs +€136,152
up €136,152 (+125%), from €109,108 to €245,260
- Depreciation +€51,297
up €51,297 (+734%), from €6,993 to €58,290
- Taxes -€16,025
down €16,025 (-25.2%), from €63,475 to €47,450
- Financial charges +€12,482
up €12,482 (+806%), from €1,548 to €14,030
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,499 | €858,438 | +€630,939 | +277% |
| Fixed assets | 21/28 | €9,757 | €468,856 | +€459,100 | +4,706% |
| Intangible fixed assets | 21 | - | €450,000 | +€450,000 | |
| Tangible fixed assets | 22/27 | €9,719 | €18,819 | +€9,100 | +93.6% |
| Furniture and vehicles | 24 | €7,687 | €6,259 | -€1,428 | -18.6% |
| Other tangible fixed assets | 26 | €2,033 | €12,560 | +€10,527 | +518% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €217,743 | €389,582 | +€171,840 | +78.9% |
| Amounts receivable within one year | 40/41 | €13,293 | €46,332 | +€33,039 | +249% |
| Trade receivables | 40 | €10,921 | €13,119 | +€2,197 | +20.1% |
| Other amounts receivable | 41 | €2,372 | €33,213 | +€30,842 | +1,300% |
| Cash at bank and in hand | 54/58 | €171,541 | €226,382 | +€54,842 | +32.0% |
| Deferred charges and accrued income | 490/1 | €32,909 | €116,868 | +€83,959 | +255% |
| Total equity and liabilities | 10/49 | €227,499 | €858,438 | +€630,939 | +277% |
| Equity | 10/15 | €21,036 | €20,815 | -€221 | -1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584 | €364 | -€221 | -37.8% |
| Amounts payable | 17/49 | €206,464 | €837,623 | +€631,160 | +306% |
| Amounts payable after more than one year | 17 | - | €384,813 | +€384,813 | |
| Financial debts | 170/4 | - | €384,813 | +€384,813 | |
| Amounts payable within one year | 42/48 | €200,347 | €415,810 | +€215,463 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €66,572 | +€66,572 | |
| Trade debts | 44 | €8,115 | €10,939 | +€2,824 | +34.8% |
| Suppliers | 440/4 | €8,115 | €10,939 | +€2,824 | +34.8% |
| Taxes, remuneration and social security | 45 | €16,891 | €27,088 | +€10,197 | +60.4% |
| Taxes | 450/3 | €4,200 | €109 | -€4,091 | -97.4% |
| Remuneration and social security | 454/9 | €12,691 | €26,979 | +€14,289 | +113% |
| Other amounts payable | 47/48 | €175,342 | €311,210 | +€135,869 | +77.5% |
| Accrued charges and deferred income | 492/3 | €6,116 | €37,000 | +€30,884 | +505% |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Remuneration, social security and pensions | 62 | €109,108 | €245,260 | +€136,152 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,993 | €58,290 | +€51,297 | +734% |
| Other operating charges | 640/8 | €2,035 | €1,462 | -€572 | -28.1% |
| Gross operating margin | 9900 | €356,288 | €500,866 | +€144,578 | +40.6% |
| Operating profit (loss) | 9901 | €238,152 | €195,853 | -€42,299 | -17.8% |
| Financial income | 75/76B | €284 | €1,406 | +€1,122 | +395% |
| Recurring financial income | 75 | €284 | €1,406 | +€1,122 | +395% |
| Financial charges | 65/66B | €1,548 | €14,030 | +€12,482 | +806% |
| Recurring financial charges | 65 | €1,548 | €14,030 | +€12,482 | +806% |
| Profit (loss) for the period before taxes | 9903 | €236,888 | €183,229 | -€53,659 | -22.7% |
| Income taxes | 67/77 | €63,475 | €47,450 | -€16,025 | -25.2% |
| Profit (loss) for the period | 9904 | €173,413 | €135,779 | -€37,634 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €173,413 | €135,779 | -€37,634 | -21.7% |
Next steps
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 5 November 2026 via checked.be.