SAHBAZ: 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.
SAHBAZ
Largest movements
- Receivables within one year +€49,286
up €49,286 (+27.8%), from €177,479 to €226,765
of which Trade receivables: +€50,206
- Stocks and contracts -€30,674
down €30,674 (-55.0%), from €55,725 to €25,051
- Cash -€6,989
down €6,989 (-35.9%), from €19,456 to €12,468
mainly Receivables within one year (-€49,286) and Other debts (-€7,511)
- Other debts -€7,511
down €7,511 (-18.3%), from €40,982 to €33,471
- Reserves +€7,490
up €7,490 (+51.3%), from €14,600 to €22,091
of which Distributable reserves: +€7,490
- Trade debts +€7,181
up €7,181 (+3.6%), from €197,811 to €204,992
- Gross operating margin +€4,244
up €4,244 (+39.3%), from €10,795 to €15,039
- Depreciation +€2,615
up €2,615 (+116%), from €2,258 to €4,873
- Other operating charges -€986
down €986 (-63.2%), from €1,560 to €574
- Taxes +€961
up €961 (+89.4%), from €1,074 to €2,035
- Financial charges +€369
up €369 (+138%), from €268 to €636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,422 | €282,499 | +€9,078 | +3.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €19,915 | €17,947 | -€1,968 | -9.9% |
| Tangible fixed assets | 22/27 | €19,915 | €17,947 | -€1,968 | -9.9% |
| Plant, machinery and equipment | 23 | €0 | €1,127 | +€1,127 | |
| Furniture and vehicles | 24 | €19,915 | €16,820 | -€3,095 | -15.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €253,507 | €264,553 | +€11,046 | +4.4% |
| Stocks and contracts in progress | 3 | €55,725 | €25,051 | -€30,674 | -55.0% |
| Stocks | 30/36 | €55,725 | €25,051 | -€30,674 | -55.0% |
| Amounts receivable within one year | 40/41 | €177,479 | €226,765 | +€49,286 | +27.8% |
| Trade receivables | 40 | €172,916 | €223,122 | +€50,206 | +29.0% |
| Other amounts receivable | 41 | €4,563 | €3,643 | -€921 | -20.2% |
| Cash at bank and in hand | 54/58 | €19,456 | €12,468 | -€6,989 | -35.9% |
| Deferred charges and accrued income | 490/1 | €846 | €269 | -€577 | -68.2% |
| Total equity and liabilities | 10/49 | €273,422 | €282,499 | +€9,078 | +3.3% |
| Equity | 10/15 | €33,200 | €40,691 | +€7,490 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,600 | €22,091 | +€7,490 | +51.3% |
| Non-distributable reserves | 130/1 | €215 | €215 | = | 0.0% |
| Reserves not available under the articles | 1311 | €215 | €215 | = | 0.0% |
| Distributable reserves | 133 | €14,385 | €21,876 | +€7,490 | +52.1% |
| Amounts payable | 17/49 | €240,221 | €241,809 | +€1,587 | +0.7% |
| Amounts payable within one year | 42/48 | €240,221 | €241,809 | +€1,587 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €353 | - | -€353 | |
| Trade debts | 44 | €197,811 | €204,992 | +€7,181 | +3.6% |
| Suppliers | 440/4 | €197,811 | €204,992 | +€7,181 | +3.6% |
| Taxes, remuneration and social security | 45 | €1,074 | €3,346 | +€2,272 | +211% |
| Taxes | 450/3 | €1,074 | €3,346 | +€2,272 | +211% |
| Other amounts payable | 47/48 | €40,982 | €33,471 | -€7,511 | -18.3% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €208 | - | -€208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,258 | €4,873 | +€2,615 | +116% |
| Other operating charges | 640/8 | €1,560 | €574 | -€986 | -63.2% |
| Gross operating margin | 9900 | €10,795 | €15,039 | +€4,244 | +39.3% |
| Operating profit (loss) | 9901 | €6,769 | €9,592 | +€2,823 | +41.7% |
| Financial income | 75/76B | €438 | €570 | +€132 | +30.1% |
| Recurring financial income | 75 | €438 | €570 | +€132 | +30.1% |
| Financial charges | 65/66B | €268 | €636 | +€369 | +138% |
| Recurring financial charges | 65 | €268 | €636 | +€369 | +138% |
| Profit (loss) for the period before taxes | 9903 | €6,939 | €9,525 | +€2,586 | +37.3% |
| Income taxes | 67/77 | €1,074 | €2,035 | +€961 | +89.4% |
| Profit (loss) for the period | 9904 | €5,864 | €7,490 | +€1,626 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,864 | €7,490 | +€1,626 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.