SZABOMED: 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.
SZABOMED
Largest movements
- Current investments +€204,866
up €204,866 (+212%), from €96,768 to €301,634
- Cash -€128,510
down €128,510 (-60.4%), from €212,915 to €84,405
mainly Current investments (-€204,866) and Contributions, distributions and other (-€73,500)
- Other debts +€53,691
up €53,691 (+72.5%), from €74,014 to €127,705
- Tax, wage and social debts +€11,853
up €11,853 (+37.4%), from €31,681 to €43,534
- Reserves +€7,134
up €7,134 (+2.2%), from €319,251 to €326,385
- Gross operating margin -€39,397
down €39,397 (-23.5%), from €167,608 to €128,211
- Taxes -€17,399
down €17,399 (-34.5%), from €50,441 to €33,042
- Financial charges +€6,112
up €6,112 (+345%), from €1,772 to €7,884
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 | €428,397 | €499,230 | +€70,832 | +16.5% |
| Fixed assets | 21/28 | €4,965 | €2,704 | -€2,261 | -45.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,965 | €2,704 | -€2,261 | -45.5% |
| Plant, machinery and equipment | 23 | €998 | €215 | -€783 | -78.5% |
| Furniture and vehicles | 24 | €3,967 | €2,489 | -€1,478 | -37.3% |
| Current assets | 29/58 | €423,433 | €496,526 | +€73,093 | +17.3% |
| Amounts receivable within one year | 40/41 | €108,070 | €106,433 | -€1,637 | -1.5% |
| Trade receivables | 40 | €108,070 | €106,433 | -€1,637 | -1.5% |
| Current investments | 50/53 | €96,768 | €301,634 | +€204,866 | +212% |
| Cash at bank and in hand | 54/58 | €212,915 | €84,405 | -€128,510 | -60.4% |
| Deferred charges and accrued income | 490/1 | €5,680 | €4,054 | -€1,626 | -28.6% |
| Total equity and liabilities | 10/49 | €428,397 | €499,230 | +€70,832 | +16.5% |
| Equity | 10/15 | €319,251 | €326,385 | +€7,134 | +2.2% |
| Reserves | 13 | €319,251 | €326,385 | +€7,134 | +2.2% |
| Distributable reserves | 133 | €319,251 | €326,385 | +€7,134 | +2.2% |
| Amounts payable | 17/49 | €109,147 | €172,845 | +€63,698 | +58.4% |
| Amounts payable within one year | 42/48 | €109,043 | €172,845 | +€63,802 | +58.5% |
| Financial debts | 43 | €1,816 | €50 | -€1,766 | -97.2% |
| Credit institutions | 430/8 | €1,816 | €50 | -€1,766 | -97.2% |
| Trade debts | 44 | €1,533 | €1,557 | +€23 | +1.5% |
| Suppliers | 440/4 | €1,533 | €1,557 | +€23 | +1.5% |
| Taxes, remuneration and social security | 45 | €31,681 | €43,534 | +€11,853 | +37.4% |
| Taxes | 450/3 | €31,681 | €43,534 | +€11,853 | +37.4% |
| Other amounts payable | 47/48 | €74,014 | €127,705 | +€53,691 | +72.5% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Non-recurring operating income | 76A | €4,168 | - | -€4,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,445 | €3,511 | +€66 | +1.9% |
| Other operating charges | 640/8 | €1,680 | €2,677 | +€997 | +59.3% |
| Non-recurring operating charges | 66A | - | €1,351 | +€1,351 | |
| Gross operating margin | 9900 | €167,608 | €128,211 | -€39,397 | -23.5% |
| Operating profit (loss) | 9901 | €162,482 | €120,673 | -€41,810 | -25.7% |
| Financial income | 75/76B | €1,147 | €888 | -€259 | -22.6% |
| Recurring financial income | 75 | €1,147 | €888 | -€259 | -22.6% |
| Financial charges | 65/66B | €1,772 | €7,884 | +€6,112 | +345% |
| Recurring financial charges | 65 | €1,772 | €7,884 | +€6,112 | +345% |
| Profit (loss) for the period before taxes | 9903 | €161,857 | €113,676 | -€48,181 | -29.8% |
| Income taxes | 67/77 | €50,441 | €33,042 | -€17,399 | -34.5% |
| Profit (loss) for the period | 9904 | €111,416 | €80,634 | -€30,782 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,416 | €80,634 | -€30,782 | -27.6% |
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 23 October 2026 via checked.be.