SABRA: what changed
Two fiscal 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.
SABRA
Largest movements
- Tangible fixed assets +€104,941
up €104,941 (+4.1%), from €2.5m to €2.7m
of which Land and buildings: +€64,855
- Receivables within one year +€80,025
up €80,025 (+71.8%), from €111,390 to €191,415
of which Other amounts receivable: +€73,635
- Cash -€69,962
down €69,962 (-74.5%), from €93,966 to €24,004
mainly Investment in fixed assets (net) (-€227,658) and Net result for the year (-€214,581)
- Intangible fixed assets -€60,500
down €60,500 (-50.0%), from €121,000 to €60,500
- Debts after one year +€218,317
up €218,317 (+14.0%), from €1.6m to €1.8m
- Profit (loss) carried forward -€170,936
down €170,936 (-60.2%), from -€284,001 to -€454,937
- Reserves -€43,645
down €43,645 (-8.0%), from €543,860 to €500,215
of which Tax-exempt reserves: -€43,645
- Other debts +€35,947
up €35,947 (+8.6%), from €416,045 to €451,992
- Trade debts +€35,561
up €35,561 (+46.3%), from €76,811 to €112,372
- Turnover +€257,047
up €257,047 (+95.9%), from €268,045 to €525,092
- Purchases and services +€159,199
up €159,199 (+63.0%), from €252,649 to €411,848
- Gross operating margin +€97,848
up €97,848 (+635.5%), from €15,396 to €113,244
- Staff costs +€34,499
up €34,499 (+10917.4%), from €316 to €34,815
- Financial charges +€30,190
up €30,190 (+73.8%), from €40,925 to €71,115
of which Financial charges: +€30,265
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 | €2,882,467 | €2,941,730 | +€59,263 | +2.1% |
| Fixed assets | 21/28 | €2,675,369 | €2,719,657 | +€44,288 | +1.7% |
| Intangible fixed assets | 21 | €121,000 | €60,500 | -€60,500 | -50.0% |
| Tangible fixed assets | 22/27 | €2,547,593 | €2,652,534 | +€104,941 | +4.1% |
| Land and buildings | 22 | €2,544,031 | €2,608,886 | +€64,855 | +2.5% |
| Plant, machinery and equipment | 23 | €3,562 | €20,354 | +€16,792 | +471.4% |
| Furniture and vehicles | 24 | - | €23,294 | +€23,294 | |
| Financial fixed assets | 28 | €6,776 | €6,623 | -€153 | -2.3% |
| Current assets | 29/58 | €207,098 | €222,073 | +€14,975 | +7.2% |
| Stocks and contracts in progress | 3 | - | €3,065 | +€3,065 | |
| Stocks | 30/36 | - | €3,065 | +€3,065 | |
| Amounts receivable within one year | 40/41 | €111,390 | €191,415 | +€80,025 | +71.8% |
| Trade receivables | 40 | €3,194 | €9,584 | +€6,390 | +200.1% |
| Other amounts receivable | 41 | €108,196 | €181,831 | +€73,635 | +68.1% |
| Cash at bank and in hand | 54/58 | €93,966 | €24,004 | -€69,962 | -74.5% |
| Deferred charges and accrued income | 490/1 | €1,742 | €3,589 | +€1,847 | +106.0% |
| Total equity and liabilities | 10/49 | €2,882,467 | €2,941,730 | +€59,263 | +2.1% |
| Equity | 10/15 | €434,859 | €220,278 | -€214,581 | -49.3% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €543,860 | €500,215 | -€43,645 | -8.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €525,990 | €482,345 | -€43,645 | -8.3% |
| Distributable reserves | 133 | €370 | €370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€284,001 | -€454,937 | -€170,936 | -60.2% |
| Provisions and deferred taxes | 16 | €357,528 | €327,862 | -€29,666 | -8.3% |
| Deferred taxes | 168 | €357,528 | €327,862 | -€29,666 | -8.3% |
| Amounts payable | 17/49 | €2,090,080 | €2,393,590 | +€303,510 | +14.5% |
| Amounts payable after more than one year | 17 | €1,556,249 | €1,774,566 | +€218,317 | +14.0% |
| Financial debts | 170/4 | €1,556,249 | €1,774,566 | +€218,317 | +14.0% |
| Amounts payable within one year | 42/48 | €533,831 | €619,024 | +€85,193 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €39,378 | €48,862 | +€9,484 | +24.1% |
| Trade debts | 44 | €76,811 | €112,372 | +€35,561 | +46.3% |
| Suppliers | 440/4 | €76,811 | €112,372 | +€35,561 | +46.3% |
| Taxes, remuneration and social security | 45 | €1,597 | €5,798 | +€4,201 | +263.1% |
| Taxes | 450/3 | €1,597 | €5,798 | +€4,201 | +263.1% |
| Other amounts payable | 47/48 | €416,045 | €451,992 | +€35,947 | +8.6% |
| Turnover | 70 | €268,045 | €525,092 | +€257,047 | +95.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €252,649 | €411,848 | +€159,199 | +63.0% |
| Remuneration, social security and pensions | 62 | €316 | €34,815 | +€34,499 | +10917.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,881 | €183,370 | +€14,489 | +8.6% |
| Other operating charges | 640/8 | €5,956 | €7,060 | +€1,104 | +18.5% |
| Gross operating margin | 9900 | €15,396 | €113,244 | +€97,848 | +635.5% |
| Operating profit (loss) | 9901 | -€159,757 | -€112,001 | +€47,756 | +29.9% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €40,925 | €71,115 | +€30,190 | +73.8% |
| Recurring financial charges | 65 | €40,850 | €71,115 | +€30,265 | +74.1% |
| Non-recurring financial charges | 66B | €75 | - | -€75 | |
| Profit (loss) for the period before taxes | 9903 | -€200,674 | -€183,116 | +€17,558 | +8.7% |
| Transfer from deferred taxes | 780 | €29,667 | €29,667 | = | 0.0% |
| Income taxes | 67/77 | €50,560 | €61,132 | +€10,572 | +20.9% |
| Profit (loss) for the period | 9904 | -€221,567 | -€214,581 | +€6,986 | +3.2% |
| Transfer from tax-exempt reserves | 789 | €43,645 | €43,645 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€177,922 | -€170,936 | +€6,986 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.