SAC A MALICE: 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.
SAC A MALICE
Largest movements
- Deferred charges and accrued income -€21,459
down €21,459 (-88.5%), from €24,240 to €2,781
- Receivables within one year -€17,255
down €17,255 (-8.6%), from €199,700 to €182,445
of which Trade receivables: -€26,215
- Cash -€5,897
down €5,897 (-87.9%), from €6,708 to €810
mainly Trade debts (-€31,926) and Debts after one year (-€17,643)
- Trade debts -€31,926
down €31,926 (-18.8%), from €170,013 to €138,087
- Debts after one year -€17,643
down €17,643 (-85.1%), from €20,721 to €3,079
- Tax, wage and social debts -€6,582
down €6,582 (-7.4%), from €88,839 to €82,256
of which Taxes: -€11,237
- Gross operating margin +€19,076
up €19,076 (+22.9%), from €83,414 to €102,490
- Staff costs +€9,652
up €9,652 (+20.7%), from €46,652 to €56,305
- Depreciation +€1,195
up €1,195 (+32.3%), from €3,700 to €4,896
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 | €470,587 | €421,121 | -€49,466 | -10.5% |
| Fixed assets | 21/28 | €24,497 | €21,850 | -€2,647 | -10.8% |
| Tangible fixed assets | 22/27 | €18,031 | €15,384 | -€2,647 | -14.7% |
| Furniture and vehicles | 24 | €9,198 | €7,873 | -€1,325 | -14.4% |
| Other tangible fixed assets | 26 | €8,833 | €7,511 | -€1,322 | -15.0% |
| Financial fixed assets | 28 | €6,466 | €6,466 | = | 0.0% |
| Current assets | 29/58 | €446,091 | €399,271 | -€46,819 | -10.5% |
| Stocks and contracts in progress | 3 | €215,442 | €213,234 | -€2,208 | -1.0% |
| Stocks | 30/36 | €215,442 | €213,234 | -€2,208 | -1.0% |
| Amounts receivable within one year | 40/41 | €199,700 | €182,445 | -€17,255 | -8.6% |
| Trade receivables | 40 | €53,332 | €27,117 | -€26,215 | -49.2% |
| Other amounts receivable | 41 | €146,369 | €155,328 | +€8,959 | +6.1% |
| Cash at bank and in hand | 54/58 | €6,708 | €810 | -€5,897 | -87.9% |
| Deferred charges and accrued income | 490/1 | €24,240 | €2,781 | -€21,459 | -88.5% |
| Total equity and liabilities | 10/49 | €470,587 | €421,121 | -€49,466 | -10.5% |
| Equity | 10/15 | €69,709 | €72,606 | +€2,898 | +4.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,509 | €4,406 | +€2,898 | +192% |
| Amounts payable | 17/49 | €400,879 | €348,515 | -€52,364 | -13.1% |
| Amounts payable after more than one year | 17 | €20,721 | €3,079 | -€17,643 | -85.1% |
| Financial debts | 170/4 | €20,721 | €3,079 | -€17,643 | -85.1% |
| Amounts payable within one year | 42/48 | €380,152 | €345,377 | -€34,775 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €17,329 | €17,796 | +€467 | +2.7% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €170,013 | €138,087 | -€31,926 | -18.8% |
| Suppliers | 440/4 | €170,013 | €138,087 | -€31,926 | -18.8% |
| Taxes, remuneration and social security | 45 | €88,839 | €82,256 | -€6,582 | -7.4% |
| Taxes | 450/3 | €74,972 | €63,735 | -€11,237 | -15.0% |
| Remuneration and social security | 454/9 | €13,867 | €18,521 | +€4,654 | +33.6% |
| Other amounts payable | 47/48 | €103,971 | €107,227 | +€3,256 | +3.1% |
| Accrued charges and deferred income | 492/3 | €6 | €59 | +€54 | +969% |
| Remuneration, social security and pensions | 62 | €46,652 | €56,305 | +€9,652 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,700 | €4,896 | +€1,195 | +32.3% |
| Other operating charges | 640/8 | €1,808 | €1,339 | -€470 | -26.0% |
| Gross operating margin | 9900 | €83,414 | €102,490 | +€19,076 | +22.9% |
| Operating profit (loss) | 9901 | €31,253 | €39,951 | +€8,699 | +27.8% |
| Financial income | 75/76B | €1 | €10 | +€9 | +882% |
| Recurring financial income | 75 | €1 | €10 | +€9 | +882% |
| Financial charges | 65/66B | €10,495 | €10,376 | -€119 | -1.1% |
| Recurring financial charges | 65 | €10,495 | €10,376 | -€119 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €20,759 | €29,585 | +€8,826 | +42.5% |
| Income taxes | 67/77 | €10,563 | €9,688 | -€875 | -8.3% |
| Profit (loss) for the period | 9904 | €10,196 | €19,898 | +€9,701 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,196 | €19,898 | +€9,701 | +95.1% |
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 21 October 2026 via checked.be.