SABYCAT: 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.
SABYCAT
Largest movements
- Tangible fixed assets +€827,855
up €827,855 (+39.8%), from €2.1m to €2.9m
- Cash +€321,262
up €321,262 (+35.5%), from €903,901 to €1.2m
mainly Contributions, distributions and other (+€1.1m) and Depreciation (+€232,235)
- Financial fixed assets +€75,000
up €75,000 (+9.6%), from €780,000 to €855,000
- Contributions +€1.1m
up €1.1m (+40.9%), from €2.6m to €3.6m
- Profit (loss) carried forward +€134,295
up €134,295 (+35.6%), from €376,773 to €511,068
- Financial income -€72,612
down €72,612 (-99.9%), from €72,697 to €85
- Financial charges +€55,841
up €55,841, from -€55,596 to €245
- Gross operating margin +€26,479
up €26,479 (+6.5%), from €406,563 to €433,042
- Taxes -€13,682
down €13,682 (-20.8%), from €65,759 to €52,077
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.
Derived cash bridge
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 | €3,938,157 | €5,125,963 | +€1.2m | +30.2% |
| Fixed assets | 21/28 | €2,860,560 | €3,763,415 | +€902,855 | +31.6% |
| Tangible fixed assets | 22/27 | €2,080,560 | €2,908,415 | +€827,855 | +39.8% |
| Land and buildings | 22 | €2,080,560 | €2,908,415 | +€827,855 | +39.8% |
| Financial fixed assets | 28 | €780,000 | €855,000 | +€75,000 | +9.6% |
| Current assets | 29/58 | €1,077,597 | €1,362,548 | +€284,951 | +26.4% |
| Amounts receivable within one year | 40/41 | €122,190 | €136,962 | +€14,771 | +12.1% |
| Trade receivables | 40 | €52,798 | €73,822 | +€21,024 | +39.8% |
| Other amounts receivable | 41 | €69,393 | €63,140 | -€6,253 | -9.0% |
| Cash at bank and in hand | 54/58 | €903,901 | €1,225,163 | +€321,262 | +35.5% |
| Deferred charges and accrued income | 490/1 | €51,505 | €423 | -€51,082 | -99.2% |
| Total equity and liabilities | 10/49 | €3,938,157 | €5,125,963 | +€1.2m | +30.2% |
| Equity | 10/15 | €2,973,820 | €4,168,922 | +€1.2m | +40.2% |
| Contributions | 10/11 | €2,573,747 | €3,627,486 | +€1.1m | +40.9% |
| Capital | 10 | €2,573,747 | €3,627,486 | +€1.1m | +40.9% |
| Issued capital | 100 | €2,573,747 | €3,627,486 | +€1.1m | +40.9% |
| Reserves | 13 | €23,300 | €30,368 | +€7,068 | +30.3% |
| Non-distributable reserves | 130/1 | €23,300 | €30,368 | +€7,068 | +30.3% |
| Legal reserve | 130 | €23,300 | €30,368 | +€7,068 | +30.3% |
| Profit (loss) carried forward | 14 | €376,773 | €511,068 | +€134,295 | +35.6% |
| Amounts payable | 17/49 | €964,338 | €957,041 | -€7,296 | -0.8% |
| Amounts payable within one year | 42/48 | €961,308 | €947,577 | -€13,731 | -1.4% |
| Trade debts | 44 | €13,294 | €13,245 | -€49 | -0.4% |
| Suppliers | 440/4 | €13,294 | €13,245 | -€49 | -0.4% |
| Taxes, remuneration and social security | 45 | €65,759 | €52,077 | -€13,682 | -20.8% |
| Taxes | 450/3 | €65,759 | €52,077 | -€13,682 | -20.8% |
| Other amounts payable | 47/48 | €882,255 | €882,255 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,029 | €9,464 | +€6,435 | +212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,394 | €232,235 | -€159 | -0.1% |
| Other operating charges | 640/8 | €5,467 | €7,207 | +€1,739 | +31.8% |
| Gross operating margin | 9900 | €406,563 | €433,042 | +€26,479 | +6.5% |
| Operating profit (loss) | 9901 | €168,701 | €193,600 | +€24,899 | +14.8% |
| Financial income | 75/76B | €72,697 | €85 | -€72,612 | -99.9% |
| Recurring financial income | 75 | €72,697 | €85 | -€72,612 | -99.9% |
| Financial charges | 65/66B | -€55,596 | €245 | +€55,841 | |
| Recurring financial charges | 65 | -€55,596 | €245 | +€55,841 | |
| Profit (loss) for the period before taxes | 9903 | €296,994 | €193,440 | -€103,554 | -34.9% |
| Income taxes | 67/77 | €65,759 | €52,077 | -€13,682 | -20.8% |
| Profit (loss) for the period | 9904 | €231,235 | €141,363 | -€89,872 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €231,235 | €141,363 | -€89,872 | -38.9% |
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 27 October 2026 via checked.be.