SACA: 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.
SACA
Largest movements
- Receivables within one year +€59,260
up €59,260 (+66.3%), from €89,412 to €148,672
of which Other amounts receivable: +€44,647
- Cash +€32,549
up €32,549 (+4314.7%), from €754 to €33,303
mainly Net result for the year (+€67,362) and Current investments (+€16,728)
- Current investments -€16,728
down €16,728 (-84.9%), from €19,704 to €2,976
- Tangible fixed assets -€7,294
down €7,294 (-26.5%), from €27,552 to €20,258
- Deferred charges and accrued income +€2,093
up €2,093 (+124.4%), from €1,682 to €3,775
- Reserves +€46,805
up €46,805 (+31.7%), from €147,808 to €194,613
of which Distributable reserves: +€47,045
- Profit (loss) carried forward +€20,557
no longer reported in 2025 (was -€20,557)
- Tax, wage and social debts +€4,240
up €4,240 (+362.7%), from €1,169 to €5,408
- Other operating charges -€25,010
down €25,010 (-96.4%), from €25,938 to €928
- Gross operating margin +€16,480
up €16,480 (+25.1%), from €65,643 to €82,123
- Taxes +€4,471
up €4,471 (+929.0%), from €481 to €4,952
- Financial income +€3,541
up €3,541 (+279.4%), from €1,267 to €4,808
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 | €139,105 | €208,985 | +€69,880 | +50.2% |
| Fixed assets | 21/28 | €27,552 | €20,258 | -€7,294 | -26.5% |
| Tangible fixed assets | 22/27 | €27,552 | €20,258 | -€7,294 | -26.5% |
| Land and buildings | 22 | €9,433 | €6,288 | -€3,144 | -33.3% |
| Plant, machinery and equipment | 23 | €4,640 | €4,139 | -€502 | -10.8% |
| Furniture and vehicles | 24 | €7,971 | €6,712 | -€1,259 | -15.8% |
| Other tangible fixed assets | 26 | €5,508 | €3,119 | -€2,389 | -43.4% |
| Current assets | 29/58 | €111,553 | €188,727 | +€77,174 | +69.2% |
| Amounts receivable within one year | 40/41 | €89,412 | €148,672 | +€59,260 | +66.3% |
| Trade receivables | 40 | €41,191 | €55,805 | +€14,613 | +35.5% |
| Other amounts receivable | 41 | €48,221 | €92,867 | +€44,647 | +92.6% |
| Current investments | 50/53 | €19,704 | €2,976 | -€16,728 | -84.9% |
| Cash at bank and in hand | 54/58 | €754 | €33,303 | +€32,549 | +4314.7% |
| Deferred charges and accrued income | 490/1 | €1,682 | €3,775 | +€2,093 | +124.4% |
| Total equity and liabilities | 10/49 | €139,105 | €208,985 | +€69,880 | +50.2% |
| Equity | 10/15 | €132,251 | €199,613 | +€67,362 | +50.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,808 | €194,613 | +€46,805 | +31.7% |
| Tax-exempt reserves | 132 | €240 | - | -€240 | |
| Distributable reserves | 133 | €147,568 | €194,613 | +€47,045 | +31.9% |
| Profit (loss) carried forward | 14 | -€20,557 | - | +€20,557 | |
| Amounts payable | 17/49 | €6,854 | €9,372 | +€2,518 | +36.7% |
| Amounts payable within one year | 42/48 | €4,479 | €6,922 | +€2,443 | +54.5% |
| Trade debts | 44 | €3,310 | €1,514 | -€1,797 | -54.3% |
| Suppliers | 440/4 | €3,310 | €1,514 | -€1,797 | -54.3% |
| Taxes, remuneration and social security | 45 | €1,169 | €5,408 | +€4,240 | +362.7% |
| Taxes | 450/3 | €1,169 | €5,408 | +€4,240 | +362.7% |
| Accrued charges and deferred income | 492/3 | €2,375 | €2,450 | +€75 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,650 | €8,807 | +€157 | +1.8% |
| Other operating charges | 640/8 | €25,938 | €928 | -€25,010 | -96.4% |
| Non-recurring operating charges | 66A | €51,654 | €3,960 | -€47,694 | -92.3% |
| Gross operating margin | 9900 | €65,643 | €82,123 | +€16,480 | +25.1% |
| Operating profit (loss) | 9901 | -€20,599 | €68,429 | +€89,027 | |
| Financial income | 75/76B | €1,267 | €4,808 | +€3,541 | +279.4% |
| Recurring financial income | 75 | €1,267 | €4,808 | +€3,541 | +279.4% |
| Financial charges | 65/66B | €744 | €923 | +€179 | +24.0% |
| Recurring financial charges | 65 | €744 | €923 | +€179 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,075 | €72,314 | +€92,389 | |
| Income taxes | 67/77 | €481 | €4,952 | +€4,471 | +929.0% |
| Profit (loss) for the period | 9904 | -€20,557 | €67,362 | +€87,918 | |
| Transfer from tax-exempt reserves | 789 | - | €240 | +€240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,557 | €67,602 | +€88,158 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.