SAHBO: 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.
SAHBO
Largest movements
- Cash +€21,762
up €21,762 (+91.0%), from €23,926 to €45,688
mainly Net result for the year (+€11,866) and Trade debts (+€8,445)
- Receivables within one year +€9,144
up €9,144 (+375%), from €2,437 to €11,580
of which Trade receivables: +€9,121
- Tangible fixed assets -€2,083
down €2,083 (-40.2%), from €5,182 to €3,099
- Deferred charges and accrued income -€1,704
down €1,704 (-94.5%), from €1,802 to €99
- Reserves +€11,865
up €11,865 (+129%), from €9,230 to €21,095
of which Distributable reserves: +€11,865
- Trade debts +€8,445
up €8,445 (+276%), from €3,058 to €11,502
- Tax, wage and social debts +€8,184
up €8,184 (+122%), from €6,683 to €14,867
- Other debts -€1,413
down €1,413 (-5.5%), from €25,811 to €24,398
- Gross operating margin +€18,346
up €18,346 (+339%), from €5,405 to €23,751
- Taxes +€6,156
up €6,156 (+600%), from €1,026 to €7,182
- Other operating charges +€685
up €685 (+50.9%), from €1,346 to €2,031
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 | €58,322 | €85,794 | +€27,471 | +47.1% |
| Fixed assets | 21/28 | €5,182 | €3,099 | -€2,083 | -40.2% |
| Tangible fixed assets | 22/27 | €5,182 | €3,099 | -€2,083 | -40.2% |
| Land and buildings | 22 | €5,182 | €3,099 | -€2,083 | -40.2% |
| Current assets | 29/58 | €53,140 | €82,695 | +€29,554 | +55.6% |
| Amounts receivable after more than one year | 29 | €20,839 | €20,839 | = | 0.0% |
| Other amounts receivable | 291 | €20,839 | €20,839 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,136 | €4,489 | +€353 | +8.5% |
| Stocks | 30/36 | €4,136 | €4,489 | +€353 | +8.5% |
| Amounts receivable within one year | 40/41 | €2,437 | €11,580 | +€9,144 | +375% |
| Trade receivables | 40 | €2,237 | €11,358 | +€9,121 | +408% |
| Other amounts receivable | 41 | €200 | €223 | +€23 | +11.5% |
| Cash at bank and in hand | 54/58 | €23,926 | €45,688 | +€21,762 | +91.0% |
| Deferred charges and accrued income | 490/1 | €1,802 | €99 | -€1,704 | -94.5% |
| Total equity and liabilities | 10/49 | €58,322 | €85,794 | +€27,471 | +47.1% |
| Equity | 10/15 | €22,770 | €34,636 | +€11,866 | +52.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,230 | €21,095 | +€11,865 | +129% |
| Non-distributable reserves | 130/1 | €77 | €77 | = | 0.0% |
| Reserves not available under the articles | 1311 | €77 | €77 | = | 0.0% |
| Distributable reserves | 133 | €9,154 | €21,019 | +€11,865 | +130% |
| Profit (loss) carried forward | 14 | €1,139 | €1,140 | +€1 | +0.1% |
| Amounts payable | 17/49 | €35,552 | €51,158 | +€15,605 | +43.9% |
| Amounts payable within one year | 42/48 | €35,552 | €51,158 | +€15,605 | +43.9% |
| Trade debts | 44 | €3,058 | €11,502 | +€8,445 | +276% |
| Suppliers | 440/4 | €3,058 | €11,502 | +€8,445 | +276% |
| Advances received on contracts in progress | 46 | - | €390 | +€390 | |
| Taxes, remuneration and social security | 45 | €6,683 | €14,867 | +€8,184 | +122% |
| Taxes | 450/3 | €6,683 | €14,867 | +€8,184 | +122% |
| Other amounts payable | 47/48 | €25,811 | €24,398 | -€1,413 | -5.5% |
| Remuneration, social security and pensions | 62 | €14 | €98 | +€84 | +593% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,083 | €2,083 | = | 0.0% |
| Other operating charges | 640/8 | €1,346 | €2,031 | +€685 | +50.9% |
| Gross operating margin | 9900 | €5,405 | €23,751 | +€18,346 | +339% |
| Operating profit (loss) | 9901 | €1,962 | €19,539 | +€17,577 | +896% |
| Financial income | 75/76B | €73 | €49 | -€24 | -32.7% |
| Recurring financial income | 75 | €73 | €49 | -€24 | -32.7% |
| Financial charges | 65/66B | €703 | €541 | -€162 | -23.0% |
| Recurring financial charges | 65 | €703 | €541 | -€162 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €1,333 | €19,048 | +€17,715 | +1,329% |
| Income taxes | 67/77 | €1,026 | €7,182 | +€6,156 | +600% |
| Profit (loss) for the period | 9904 | €307 | €11,866 | +€11,559 | +3,762% |
| Profit (loss) for the period to be appropriated | 9905 | €307 | €11,866 | +€11,559 | +3,762% |
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 15 October 2026 via checked.be.