What changed?
Two fiscal 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.
SABDENT
Largest movements
- Tangible fixed assets +€274,771
up €274,771 (+355.2%), from €77,363 to €352,134
of which Land and buildings: +€288,864
- Receivables within one year +€18,612
up €18,612 (+102.3%), from €18,194 to €36,806
of which Trade receivables: +€10,507
- Intangible fixed assets -€9,000
down €9,000 (-11.4%), from €79,013 to €70,013
- Cash -€8,109
down €8,109 (-11.1%), from €72,846 to €64,737
mainly Investment in fixed assets (net) (-€302,644) and Contributions, distributions and other (-€20,000)
- Debts after one year +€219,260
up €219,260 (+203.8%), from €107,572 to €326,832
- Profit (loss) carried forward +€30,498
new in 2025: €30,498
- Trade debts +€22,862
up €22,862 (+244.7%), from €9,343 to €32,205
- Other debts +€14,672
up €14,672 (+1104.5%), from €1,328 to €16,000
- Short-term financial debts -€13,000
no longer reported in 2025 (was €13,000)
- Gross operating margin +€27,711
up €27,711 (+18.0%), from €154,077 to €181,788
- Taxes -€8,119
down €8,119 (-37.7%), from €21,552 to €13,433
- Financial charges +€7,435
up €7,435 (+94.0%), from €7,907 to €15,342
- Depreciation +€6,743
up €6,743 (+22.4%), from €30,130 to €36,873
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.
Cash bridge derived
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 | €251,215 | €528,050 | +€276,835 | +110.2% |
| Fixed assets | 21/28 | €156,376 | €422,147 | +€265,771 | +170.0% |
| Intangible fixed assets | 21 | €79,013 | €70,013 | -€9,000 | -11.4% |
| Tangible fixed assets | 22/27 | €77,363 | €352,134 | +€274,771 | +355.2% |
| Land and buildings | 22 | - | €288,864 | +€288,864 | |
| Plant, machinery and equipment | 23 | €34,542 | €31,162 | -€3,380 | -9.8% |
| Furniture and vehicles | 24 | €42,821 | €32,108 | -€10,713 | -25.0% |
| Current assets | 29/58 | €94,838 | €105,903 | +€11,064 | +11.7% |
| Amounts receivable within one year | 40/41 | €18,194 | €36,806 | +€18,612 | +102.3% |
| Trade receivables | 40 | €14,269 | €24,776 | +€10,507 | +73.6% |
| Other amounts receivable | 41 | €3,925 | €12,031 | +€8,106 | +206.5% |
| Cash at bank and in hand | 54/58 | €72,846 | €64,737 | -€8,109 | -11.1% |
| Deferred charges and accrued income | 490/1 | €3,798 | €4,359 | +€561 | +14.8% |
| Total equity and liabilities | 10/49 | €251,215 | €528,050 | +€276,835 | +110.2% |
| Equity | 10/15 | €58,405 | €88,903 | +€30,498 | +52.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,405 | €56,405 | = | 0.0% |
| Distributable reserves | 133 | €56,405 | €56,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €30,498 | +€30,498 | |
| Amounts payable | 17/49 | €192,810 | €439,146 | +€246,337 | +127.8% |
| Amounts payable after more than one year | 17 | €107,572 | €326,832 | +€219,260 | +203.8% |
| Financial debts | 170/4 | €107,572 | €326,832 | +€219,260 | +203.8% |
| Amounts payable within one year | 42/48 | €81,718 | €112,298 | +€30,579 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €36,170 | €45,382 | +€9,211 | +25.5% |
| Financial debts | 43 | €13,000 | - | -€13,000 | |
| Credit institutions | 430/8 | €13,000 | - | -€13,000 | |
| Trade debts | 44 | €9,343 | €32,205 | +€22,862 | +244.7% |
| Suppliers | 440/4 | €9,343 | €32,205 | +€22,862 | +244.7% |
| Taxes, remuneration and social security | 45 | €21,876 | €18,711 | -€3,166 | -14.5% |
| Taxes | 450/3 | €15,462 | €12,333 | -€3,130 | -20.2% |
| Remuneration and social security | 454/9 | €6,414 | €6,378 | -€36 | -0.6% |
| Other amounts payable | 47/48 | €1,328 | €16,000 | +€14,672 | +1104.5% |
| Accrued charges and deferred income | 492/3 | €3,519 | €17 | -€3,502 | -99.5% |
| Remuneration, social security and pensions | 62 | €38,484 | €37,349 | -€1,135 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,130 | €36,873 | +€6,743 | +22.4% |
| Other operating charges | 640/8 | €463 | €1,169 | +€706 | +152.3% |
| Non-recurring operating charges | 66A | - | €27,123 | +€27,123 | |
| Gross operating margin | 9900 | €154,077 | €181,788 | +€27,711 | +18.0% |
| Operating profit (loss) | 9901 | €84,999 | €79,273 | -€5,726 | -6.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -4.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -4.8% |
| Financial charges | 65/66B | €7,907 | €15,342 | +€7,435 | +94.0% |
| Recurring financial charges | 65 | €7,907 | €15,342 | +€7,435 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | €77,093 | €63,931 | -€13,162 | -17.1% |
| Income taxes | 67/77 | €21,552 | €13,433 | -€8,119 | -37.7% |
| Profit (loss) for the period | 9904 | €55,540 | €50,498 | -€5,042 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,540 | €50,498 | -€5,042 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.