SABO: 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.
SABO
Largest movements
- Tangible fixed assets -€59,486
down €59,486 (-5.4%), from €1.1m to €1.0m
- Cash +€12,059
up €12,059 (+26.1%), from €46,276 to €58,334
mainly Depreciation (+€59,486) and Current portion of long-term debt (+€3,473)
- Debts after one year -€49,053
down €49,053 (-9.6%), from €512,342 to €463,289
- Gross operating margin -€2,434
down €2,434 (-2.8%), from €87,521 to €85,087
- Financial charges +€1,141
up €1,141 (+4.5%), from €25,610 to €26,751
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.
Cash bridge derived
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 | €1,154,021 | €1,103,150 | -€50,871 | -4.4% |
| Fixed assets | 21/28 | €1,103,864 | €1,044,379 | -€59,486 | -5.4% |
| Tangible fixed assets | 22/27 | €1,103,864 | €1,044,379 | -€59,486 | -5.4% |
| Land and buildings | 22 | €1,103,864 | €1,044,379 | -€59,486 | -5.4% |
| Current assets | 29/58 | €50,156 | €58,771 | +€8,615 | +17.2% |
| Amounts receivable within one year | 40/41 | €3,801 | €356 | -€3,445 | -90.6% |
| Trade receivables | 40 | €3,783 | €356 | -€3,428 | -90.6% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -99.8% |
| Cash at bank and in hand | 54/58 | €46,276 | €58,334 | +€12,059 | +26.1% |
| Deferred charges and accrued income | 490/1 | €79 | €81 | +€2 | +2.8% |
| Total equity and liabilities | 10/49 | €1,154,021 | €1,103,150 | -€50,871 | -4.4% |
| Equity | 10/15 | €514,638 | €505,022 | -€9,617 | -1.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,638 | €175,022 | -€9,617 | -5.2% |
| Amounts payable | 17/49 | €639,382 | €598,128 | -€41,254 | -6.5% |
| Amounts payable after more than one year | 17 | €512,342 | €463,289 | -€49,053 | -9.6% |
| Financial debts | 170/4 | €512,342 | €463,289 | -€49,053 | -9.6% |
| Amounts payable within one year | 42/48 | €127,040 | €134,839 | +€7,799 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €48,485 | €51,958 | +€3,473 | +7.2% |
| Trade debts | 44 | - | €2,008 | +€2,008 | |
| Suppliers | 440/4 | - | €2,008 | +€2,008 | |
| Other amounts payable | 47/48 | €78,555 | €80,872 | +€2,317 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,486 | €59,486 | = | 0.0% |
| Other operating charges | 640/8 | €7,953 | €8,467 | +€514 | +6.5% |
| Gross operating margin | 9900 | €87,521 | €85,087 | -€2,434 | -2.8% |
| Operating profit (loss) | 9901 | €20,082 | €17,134 | -€2,948 | -14.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €25,610 | €26,751 | +€1,141 | +4.5% |
| Recurring financial charges | 65 | €25,610 | €26,751 | +€1,141 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,528 | -€9,617 | -€4,089 | -74.0% |
| Profit (loss) for the period | 9904 | -€5,528 | -€9,617 | -€4,089 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,528 | -€9,617 | -€4,089 | -74.0% |
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 9 October 2026 via checked.be.