SABS: 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.
SABS
Largest movements
- Stocks and contracts +€41,969
new in 2025: €41,969
- Cash -€17,830
down €17,830 (-61.5%), from €28,982 to €11,152
mainly Stocks and contracts (-€41,969) and Net result for the year (-€15,676)
- Tangible fixed assets -€14,810
down €14,810 (-70.4%), from €21,029 to €6,219
of which Furniture and vehicles: -€13,067
- Receivables within one year +€1,759
up €1,759 (+6.3%), from €27,999 to €29,757
of which Trade receivables: +€5,916
- Trade debts +€34,674
up €34,674 (+227.2%), from €15,260 to €49,934
- Reserves -€15,676
down €15,676 (-56.9%), from €27,540 to €11,863
- Current portion of long-term debt -€7,275
down €7,275 (-65.6%), from €11,082 to €3,807
- Debts after one year -€3,807
no longer reported in 2025 (was €3,807)
- Tax, wage and social debts +€1,836
up €1,836 (+9.4%), from €19,521 to €21,357
- Gross operating margin -€58,513
down €58,513 (-93.5%), from €62,581 to €4,068
- Taxes -€10,187
down €10,187 (-98.7%), from €10,319 to €132
- Other operating charges -€9,008
down €9,008 (-82.6%), from €10,906 to €1,899
- Depreciation +€2,911
up €2,911 (+24.5%), from €11,899 to €14,810
- Financial charges +€674
up €674 (+27.7%), from €2,433 to €3,107
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 | €78,627 | €89,098 | +€10,471 | +13.3% |
| Fixed assets | 21/28 | €21,029 | €6,219 | -€14,810 | -70.4% |
| Tangible fixed assets | 22/27 | €21,029 | €6,219 | -€14,810 | -70.4% |
| Plant, machinery and equipment | 23 | €2,694 | €951 | -€1,743 | -64.7% |
| Furniture and vehicles | 24 | €18,334 | €5,268 | -€13,067 | -71.3% |
| Current assets | 29/58 | €57,598 | €82,879 | +€25,281 | +43.9% |
| Stocks and contracts in progress | 3 | - | €41,969 | +€41,969 | |
| Stocks | 30/36 | - | €41,969 | +€41,969 | |
| Amounts receivable within one year | 40/41 | €27,999 | €29,757 | +€1,759 | +6.3% |
| Trade receivables | 40 | €10,772 | €16,689 | +€5,916 | +54.9% |
| Other amounts receivable | 41 | €17,226 | €13,069 | -€4,157 | -24.1% |
| Cash at bank and in hand | 54/58 | €28,982 | €11,152 | -€17,830 | -61.5% |
| Deferred charges and accrued income | 490/1 | €617 | - | -€617 | |
| Total equity and liabilities | 10/49 | €78,627 | €89,098 | +€10,471 | +13.3% |
| Equity | 10/15 | €28,540 | €12,863 | -€15,676 | -54.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,540 | €11,863 | -€15,676 | -56.9% |
| Distributable reserves | 133 | €27,540 | €11,863 | -€15,676 | -56.9% |
| Amounts payable | 17/49 | €50,087 | €76,234 | +€26,147 | +52.2% |
| Amounts payable after more than one year | 17 | €3,807 | - | -€3,807 | |
| Financial debts | 170/4 | €3,807 | - | -€3,807 | |
| Amounts payable within one year | 42/48 | €45,863 | €76,234 | +€30,372 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €11,082 | €3,807 | -€7,275 | -65.6% |
| Trade debts | 44 | €15,260 | €49,934 | +€34,674 | +227.2% |
| Suppliers | 440/4 | €15,260 | €49,934 | +€34,674 | +227.2% |
| Taxes, remuneration and social security | 45 | €19,521 | €21,357 | +€1,836 | +9.4% |
| Taxes | 450/3 | €19,521 | €21,357 | +€1,836 | +9.4% |
| Other amounts payable | 47/48 | - | €1,136 | +€1,136 | |
| Accrued charges and deferred income | 492/3 | €417 | - | -€417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,899 | €14,810 | +€2,911 | +24.5% |
| Other operating charges | 640/8 | €10,906 | €1,899 | -€9,008 | -82.6% |
| Gross operating margin | 9900 | €62,581 | €4,068 | -€58,513 | -93.5% |
| Operating profit (loss) | 9901 | €39,776 | -€12,641 | -€52,416 | |
| Financial income | 75/76B | €516 | €204 | -€313 | -60.6% |
| Recurring financial income | 75 | €516 | €204 | -€313 | -60.6% |
| Financial charges | 65/66B | €2,433 | €3,107 | +€674 | +27.7% |
| Recurring financial charges | 65 | €2,433 | €3,107 | +€674 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €37,859 | -€15,544 | -€53,403 | |
| Income taxes | 67/77 | €10,319 | €132 | -€10,187 | -98.7% |
| Profit (loss) for the period | 9904 | €27,540 | -€15,676 | -€43,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,540 | -€15,676 | -€43,216 |
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.