SAHIB: 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.
SAHIB
Largest movements
- Intangible fixed assets +€28,725
up €28,725 (+2,462%), from €1,167 to €29,892
- Cash -€27,196
down €27,196 (-31.9%), from €85,383 to €58,187
mainly Trade debts (-€78,327) and Investment in fixed assets (net) (-€30,000)
- Receivables within one year +€26,488
up €26,488 (+12.9%), from €205,100 to €231,588
of which Other amounts receivable: +€45,170
- Tangible fixed assets -€14,380
down €14,380 (-41.0%), from €35,066 to €20,686
of which Furniture and vehicles: -€10,996
- Stocks and contracts +€11,314
up €11,314 (+9.6%), from €117,436 to €128,750
- Profit (loss) carried forward +€95,622
up €95,622 (+59.8%), from €159,864 to €255,486
- Trade debts -€78,327
down €78,327 (-42.8%), from €183,015 to €104,688
- Tax, wage and social debts +€12,144
up €12,144 (+20.9%), from €58,161 to €70,305
- Gross operating margin -€18,992
down €18,992 (-17.3%), from €110,029 to €91,038
- Taxes -€13,286
down €13,286 (-47.8%), from €27,777 to €14,491
- Financial income -€12,577
down €12,577 (-95.0%), from €13,241 to €664
- Other operating charges +€6,354
up €6,354 (+262%), from €2,425 to €8,779
- Depreciation -€3,354
down €3,354 (-17.6%), from €19,009 to €15,655
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 | €451,499 | €476,754 | +€25,254 | +5.6% |
| Fixed assets | 21/28 | €36,232 | €50,577 | +€14,345 | +39.6% |
| Intangible fixed assets | 21 | €1,167 | €29,892 | +€28,725 | +2,462% |
| Tangible fixed assets | 22/27 | €35,066 | €20,686 | -€14,380 | -41.0% |
| Plant, machinery and equipment | 23 | €13,041 | €9,885 | -€3,155 | -24.2% |
| Furniture and vehicles | 24 | €20,784 | €9,788 | -€10,996 | -52.9% |
| Other tangible fixed assets | 26 | €1,241 | €1,012 | -€229 | -18.5% |
| Current assets | 29/58 | €415,267 | €426,176 | +€10,909 | +2.6% |
| Stocks and contracts in progress | 3 | €117,436 | €128,750 | +€11,314 | +9.6% |
| Stocks | 30/36 | €117,436 | €128,750 | +€11,314 | +9.6% |
| Amounts receivable within one year | 40/41 | €205,100 | €231,588 | +€26,488 | +12.9% |
| Trade receivables | 40 | €21,530 | €2,847 | -€18,682 | -86.8% |
| Other amounts receivable | 41 | €183,570 | €228,740 | +€45,170 | +24.6% |
| Cash at bank and in hand | 54/58 | €85,383 | €58,187 | -€27,196 | -31.9% |
| Deferred charges and accrued income | 490/1 | €7,348 | €7,651 | +€304 | +4.1% |
| Total equity and liabilities | 10/49 | €451,499 | €476,754 | +€25,254 | +5.6% |
| Equity | 10/15 | €206,138 | €301,760 | +€95,622 | +46.4% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €4,274 | €4,274 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,200 | €4,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,200 | €4,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €74 | €74 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,864 | €255,486 | +€95,622 | +59.8% |
| Amounts payable | 17/49 | €245,361 | €174,993 | -€70,368 | -28.7% |
| Amounts payable within one year | 42/48 | €245,361 | €174,993 | -€70,368 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €1,666 | - | -€1,666 | |
| Trade debts | 44 | €183,015 | €104,688 | -€78,327 | -42.8% |
| Suppliers | 440/4 | €183,015 | €104,688 | -€78,327 | -42.8% |
| Taxes, remuneration and social security | 45 | €58,161 | €70,305 | +€12,144 | +20.9% |
| Taxes | 450/3 | €58,161 | €70,305 | +€12,144 | +20.9% |
| Other amounts payable | 47/48 | €2,520 | - | -€2,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,009 | €15,655 | -€3,354 | -17.6% |
| Other operating charges | 640/8 | €2,425 | €8,779 | +€6,354 | +262% |
| Gross operating margin | 9900 | €110,029 | €91,038 | -€18,992 | -17.3% |
| Operating profit (loss) | 9901 | €88,595 | €66,603 | -€21,991 | -24.8% |
| Financial income | 75/76B | €13,241 | €664 | -€12,577 | -95.0% |
| Recurring financial income | 75 | €13,241 | €664 | -€12,577 | -95.0% |
| Financial charges | 65/66B | €7,607 | €8,228 | +€621 | +8.2% |
| Recurring financial charges | 65 | €7,607 | €8,228 | +€621 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €94,229 | €59,039 | -€35,190 | -37.3% |
| Income taxes | 67/77 | €27,777 | €14,491 | -€13,286 | -47.8% |
| Profit (loss) for the period | 9904 | €66,452 | €44,549 | -€21,903 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,452 | €44,549 | -€21,903 | -33.0% |
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 16 October 2026 via checked.be.