SABOR: 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.
SABOR
Largest movements
- Receivables within one year -€46,645
down €46,645 (-17.8%), from €262,658 to €216,014
of which Trade receivables: -€46,529
- Other debts -€38,250
down €38,250 (-56.2%), from €68,056 to €29,806
- Tax, wage and social debts -€13,167
no longer reported in 2025 (was €13,167)
- Trade debts -€3,097
down €3,097 (-1.1%), from €273,193 to €270,096
- Gross operating margin -€276,743
down €276,743, from €274,773 to -€1,970
- Staff costs -€182,579
no longer reported in 2025 (was €182,579)
- Financial income +€4,614
up €4,614 (+135.2%), from €3,414 to €8,027
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 | €281,612 | €230,203 | -€51,409 | -18.3% |
| Fixed assets | 21/28 | €18,531 | €13,927 | -€4,604 | -24.8% |
| Intangible fixed assets | 21 | €12,615 | €10,615 | -€2,000 | -15.9% |
| Tangible fixed assets | 22/27 | €5,916 | €3,312 | -€2,604 | -44.0% |
| Plant, machinery and equipment | 23 | €5,916 | €3,312 | -€2,604 | -44.0% |
| Current assets | 29/58 | €263,081 | €216,276 | -€46,805 | -17.8% |
| Amounts receivable within one year | 40/41 | €262,658 | €216,014 | -€46,645 | -17.8% |
| Trade receivables | 40 | €262,461 | €215,932 | -€46,529 | -17.7% |
| Other amounts receivable | 41 | €197 | €82 | -€115 | -58.5% |
| Cash at bank and in hand | 54/58 | €423 | €262 | -€161 | -38.0% |
| Total equity and liabilities | 10/49 | €281,612 | €230,203 | -€51,409 | -18.3% |
| Equity | 10/15 | -€72,804 | -€71,250 | +€1,554 | +2.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,804 | -€74,250 | +€1,554 | +2.0% |
| Amounts payable | 17/49 | €354,416 | €301,453 | -€52,963 | -14.9% |
| Amounts payable within one year | 42/48 | €354,416 | €301,453 | -€52,963 | -14.9% |
| Trade debts | 44 | €273,193 | €270,096 | -€3,097 | -1.1% |
| Suppliers | 440/4 | €273,193 | €270,096 | -€3,097 | -1.1% |
| Advances received on contracts in progress | 46 | - | €1,551 | +€1,551 | |
| Taxes, remuneration and social security | 45 | €13,167 | - | -€13,167 | |
| Remuneration and social security | 454/9 | €13,167 | - | -€13,167 | |
| Other amounts payable | 47/48 | €68,056 | €29,806 | -€38,250 | -56.2% |
| Non-recurring operating income | 76A | €124,049 | - | -€124,049 | |
| Remuneration, social security and pensions | 62 | €182,579 | - | -€182,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,604 | €4,604 | = | 0.0% |
| Other operating charges | 640/8 | €614 | €453 | -€162 | -26.3% |
| Gross operating margin | 9900 | €274,773 | -€1,970 | -€276,743 | |
| Operating profit (loss) | 9901 | €86,976 | -€7,026 | -€94,002 | |
| Financial income | 75/76B | €3,414 | €8,027 | +€4,614 | +135.2% |
| Recurring financial income | 75 | €3,414 | €8,027 | +€4,614 | +135.2% |
| Financial charges | 65/66B | €1,077 | -€553 | -€1,630 | |
| Recurring financial charges | 65 | €1,077 | -€553 | -€1,630 | |
| Profit (loss) for the period before taxes | 9903 | €89,312 | €1,554 | -€87,758 | -98.3% |
| Profit (loss) for the period | 9904 | €89,312 | €1,554 | -€87,758 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,312 | €1,554 | -€87,758 | -98.3% |
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 10 October 2026 via checked.be.