SABRAM: 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.
SABRAM
Largest movements
- Stocks and contracts +€557,000
up €557,000 (+301.1%), from €184,987 to €741,987
of which Stocks: +€477,000
- Receivables within one year -€345,038
down €345,038 (-50.6%), from €681,263 to €336,224
of which Trade receivables: -€347,541
- Other debts +€209,981
up €209,981 (+1763.6%), from €11,907 to €221,888
- Debts after one year +€65,718
up €65,718 (+13.7%), from €480,551 to €546,268
- Trade debts -€56,016
down €56,016 (-42.5%), from €131,684 to €75,669
- Gross operating margin -€31,451
down €31,451 (-63.6%), from €49,418 to €17,967
- Financial charges -€18,231
down €18,231 (-65.1%), from €28,002 to €9,771
- Other operating charges -€3,725
down €3,725 (-63.8%), from €5,840 to €2,115
- Taxes -€3,706
down €3,706 (-86.7%), from €4,273 to €567
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 | €895,428 | €1,113,614 | +€218,186 | +24.4% |
| Fixed assets | 21/28 | €12,953 | €10,142 | -€2,811 | -21.7% |
| Tangible fixed assets | 22/27 | €12,953 | €10,142 | -€2,811 | -21.7% |
| Plant, machinery and equipment | 23 | €12,953 | €8,495 | -€4,459 | -34.4% |
| Furniture and vehicles | 24 | - | €1,647 | +€1,647 | |
| Current assets | 29/58 | €882,475 | €1,103,473 | +€220,998 | +25.0% |
| Stocks and contracts in progress | 3 | €184,987 | €741,987 | +€557,000 | +301.1% |
| Stocks | 30/36 | €184,987 | €661,987 | +€477,000 | +257.9% |
| Contracts in progress | 37 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €681,263 | €336,224 | -€345,038 | -50.6% |
| Trade receivables | 40 | €674,206 | €326,665 | -€347,541 | -51.5% |
| Other amounts receivable | 41 | €7,056 | €9,559 | +€2,503 | +35.5% |
| Cash at bank and in hand | 54/58 | €16,225 | €25,261 | +€9,036 | +55.7% |
| Total equity and liabilities | 10/49 | €895,428 | €1,113,614 | +€218,186 | +24.4% |
| Equity | 10/15 | €130,793 | €131,506 | +€713 | +0.5% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293 | €1,006 | +€713 | +243.6% |
| Amounts payable | 17/49 | €764,636 | €982,109 | +€217,473 | +28.4% |
| Amounts payable after more than one year | 17 | €480,551 | €546,268 | +€65,718 | +13.7% |
| Financial debts | 170/4 | €480,551 | €546,268 | +€65,718 | +13.7% |
| Amounts payable within one year | 42/48 | €284,085 | €435,841 | +€151,756 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €12,059 | €9,282 | -€2,777 | -23.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €131,684 | €75,669 | -€56,016 | -42.5% |
| Suppliers | 440/4 | €131,684 | €75,669 | -€56,016 | -42.5% |
| Taxes, remuneration and social security | 45 | €3,435 | €4,001 | +€567 | +16.5% |
| Taxes | 450/3 | €3,435 | €4,001 | +€567 | +16.5% |
| Other amounts payable | 47/48 | €11,907 | €221,888 | +€209,981 | +1763.6% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,125 | €4,824 | -€301 | -5.9% |
| Other operating charges | 640/8 | €5,840 | €2,115 | -€3,725 | -63.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €49,418 | €17,967 | -€31,451 | -63.6% |
| Operating profit (loss) | 9901 | €38,453 | €11,028 | -€27,425 | -71.3% |
| Financial income | 75/76B | €0 | €23 | +€23 | +7560.0% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +7560.0% |
| Financial charges | 65/66B | €28,002 | €9,771 | -€18,231 | -65.1% |
| Recurring financial charges | 65 | €28,002 | €9,771 | -€18,231 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €10,451 | €1,280 | -€9,171 | -87.8% |
| Income taxes | 67/77 | €4,273 | €567 | -€3,706 | -86.7% |
| Profit (loss) for the period | 9904 | €6,179 | €713 | -€5,466 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,179 | €713 | -€5,466 | -88.5% |
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 8 October 2026 via checked.be.