SABLON PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€51,268
down €51,268 (-70.0%), from €73,252 to €21,984
of which Trade receivables: -€46,726
- Stocks and contracts -€3,696
down €3,696 (-46.2%), from €8,000 to €4,304
- Deferred charges and accrued income -€2,176
down €2,176 (-84.2%), from €2,585 to €409
- Trade debts -€27,680
down €27,680 (-50.2%), from €55,149 to €27,469
- Debts after one year -€24,838
down €24,838 (-54.4%), from €45,626 to €20,788
- Profit (loss) carried forward -€9,875
down €9,875 (-19.5%), from -€50,703 to -€60,578
- Accrued charges and deferred income +€5,333
up €5,333 (+399%), from €1,337 to €6,669
- Tax, wage and social debts -€1,595
down €1,595 (-68.1%), from €2,342 to €747
of which Remuneration and social security: -€1,650
- Gross operating margin -€33,394
down €33,394 (-34.8%), from €96,033 to €62,639
- Staff costs -€24,587
down €24,587 (-37.4%), from €65,711 to €41,124
- Other operating charges +€11,922
up €11,922 (+293%), from €4,066 to €15,988
- Financial charges +€9,030
up €9,030 (+244%), from €3,699 to €12,729
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,418 | €31,514 | -€57,904 | -64.8% |
| Fixed assets | 21/28 | €5,582 | €4,817 | -€764 | -13.7% |
| Intangible fixed assets | 21 | €1,167 | €700 | -€467 | -40.0% |
| Tangible fixed assets | 22/27 | €3,665 | €3,367 | -€298 | -8.1% |
| Land and buildings | 22 | €473 | €0 | -€473 | -100% |
| Plant, machinery and equipment | 23 | €1,240 | €2,181 | +€941 | +75.9% |
| Furniture and vehicles | 24 | €1,952 | €1,186 | -€766 | -39.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €83,836 | €26,697 | -€57,139 | -68.2% |
| Stocks and contracts in progress | 3 | €8,000 | €4,304 | -€3,696 | -46.2% |
| Stocks | 30/36 | €8,000 | €4,304 | -€3,696 | -46.2% |
| Amounts receivable within one year | 40/41 | €73,252 | €21,984 | -€51,268 | -70.0% |
| Trade receivables | 40 | €59,785 | €13,059 | -€46,726 | -78.2% |
| Other amounts receivable | 41 | €13,467 | €8,925 | -€4,542 | -33.7% |
| Deferred charges and accrued income | 490/1 | €2,585 | €409 | -€2,176 | -84.2% |
| Total equity and liabilities | 10/49 | €89,418 | €31,514 | -€57,904 | -64.8% |
| Equity | 10/15 | -€42,643 | -€52,518 | -€9,875 | -23.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,703 | -€60,578 | -€9,875 | -19.5% |
| Amounts payable | 17/49 | €132,061 | €84,033 | -€48,029 | -36.4% |
| Amounts payable after more than one year | 17 | €45,626 | €20,788 | -€24,838 | -54.4% |
| Financial debts | 170/4 | €45,626 | €20,788 | -€24,838 | -54.4% |
| Amounts payable within one year | 42/48 | €85,099 | €56,576 | -€28,523 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €9,864 | €9,993 | +€129 | +1.3% |
| Financial debts | 43 | €17,743 | €18,366 | +€623 | +3.5% |
| Credit institutions | 430/8 | €17,743 | €18,366 | +€623 | +3.5% |
| Trade debts | 44 | €55,149 | €27,469 | -€27,680 | -50.2% |
| Suppliers | 440/4 | €55,149 | €27,469 | -€27,680 | -50.2% |
| Taxes, remuneration and social security | 45 | €2,342 | €747 | -€1,595 | -68.1% |
| Taxes | 450/3 | - | €56 | +€56 | |
| Remuneration and social security | 454/9 | €2,342 | €692 | -€1,650 | -70.5% |
| Accrued charges and deferred income | 492/3 | €1,337 | €6,669 | +€5,333 | +399% |
| Remuneration, social security and pensions | 62 | €65,711 | €41,124 | -€24,587 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €2,989 | -€641 | -17.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150 | +€150 | |
| Other operating charges | 640/8 | €4,066 | €15,988 | +€11,922 | +293% |
| Gross operating margin | 9900 | €96,033 | €62,639 | -€33,394 | -34.8% |
| Operating profit (loss) | 9901 | €22,627 | €2,388 | -€20,238 | -89.4% |
| Financial income | 75/76B | €454 | €466 | +€12 | +2.6% |
| Recurring financial income | 75 | €454 | €466 | +€12 | +2.6% |
| Financial charges | 65/66B | €3,699 | €12,729 | +€9,030 | +244% |
| Recurring financial charges | 65 | €3,699 | €12,729 | +€9,030 | +244% |
| Profit (loss) for the period before taxes | 9903 | €19,381 | -€9,875 | -€29,256 | |
| Profit (loss) for the period | 9904 | €19,381 | -€9,875 | -€29,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,381 | -€9,875 | -€29,256 |
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 14 October 2026 via checked.be.