SACHA VANCHAZE: 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.
SACHA VANCHAZE
Largest movements
- Cash +€22,653
up €22,653 (+85.6%), from €26,463 to €49,116
mainly Net result for the year (+€28,547) and Depreciation (+€15,028)
- Tangible fixed assets -€12,387
down €12,387 (-4.2%), from €291,658 to €279,272
of which Land and buildings: -€8,203
- Receivables within one year +€4,629
up €4,629 (+691%), from €670 to €5,299
of which Other amounts receivable: +€2,523
- Reserves +€28,547
up €28,547 (+106%), from €26,840 to €55,387
- Debts after one year -€15,182
down €15,182 (-7.0%), from €216,539 to €201,357
- Gross operating margin -€5,532
down €5,532 (-9.0%), from €61,583 to €56,050
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 | €325,241 | €337,500 | +€12,259 | +3.8% |
| Fixed assets | 21/28 | €291,658 | €279,272 | -€12,387 | -4.2% |
| Tangible fixed assets | 22/27 | €291,658 | €279,272 | -€12,387 | -4.2% |
| Land and buildings | 22 | €282,753 | €274,550 | -€8,203 | -2.9% |
| Furniture and vehicles | 24 | €8,905 | €4,721 | -€4,184 | -47.0% |
| Current assets | 29/58 | €33,583 | €58,229 | +€24,646 | +73.4% |
| Amounts receivable within one year | 40/41 | €670 | €5,299 | +€4,629 | +691% |
| Trade receivables | 40 | €0 | €2,106 | +€2,106 | |
| Other amounts receivable | 41 | €670 | €3,193 | +€2,523 | +377% |
| Cash at bank and in hand | 54/58 | €26,463 | €49,116 | +€22,653 | +85.6% |
| Deferred charges and accrued income | 490/1 | €6,450 | €3,814 | -€2,636 | -40.9% |
| Total equity and liabilities | 10/49 | €325,241 | €337,500 | +€12,259 | +3.8% |
| Equity | 10/15 | €48,840 | €77,387 | +€28,547 | +58.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €26,840 | €55,387 | +€28,547 | +106% |
| Distributable reserves | 133 | €26,840 | €55,387 | +€28,547 | +106% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €276,401 | €260,113 | -€16,288 | -5.9% |
| Amounts payable after more than one year | 17 | €216,539 | €201,357 | -€15,182 | -7.0% |
| Financial debts | 170/4 | €216,539 | €201,357 | -€15,182 | -7.0% |
| Amounts payable within one year | 42/48 | €59,862 | €58,756 | -€1,106 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €14,953 | €15,182 | +€229 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,932 | €900 | -€2,032 | -69.3% |
| Suppliers | 440/4 | €2,932 | €900 | -€2,032 | -69.3% |
| Taxes, remuneration and social security | 45 | €0 | €840 | +€840 | |
| Taxes | 450/3 | €0 | €840 | +€840 | |
| Other amounts payable | 47/48 | €41,978 | €41,834 | -€143 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,850 | €15,028 | +€178 | +1.2% |
| Other operating charges | 640/8 | €1,522 | €1,371 | -€152 | -10.0% |
| Gross operating margin | 9900 | €61,583 | €56,050 | -€5,532 | -9.0% |
| Operating profit (loss) | 9901 | €45,210 | €39,651 | -€5,559 | -12.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,550% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,550% |
| Financial charges | 65/66B | €3,819 | €3,629 | -€190 | -5.0% |
| Recurring financial charges | 65 | €3,819 | €3,629 | -€190 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €41,391 | €36,024 | -€5,367 | -13.0% |
| Income taxes | 67/77 | €7,330 | €7,477 | +€147 | +2.0% |
| Profit (loss) for the period | 9904 | €34,061 | €28,547 | -€5,514 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,061 | €28,547 | -€5,514 | -16.2% |
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 29 October 2026 via checked.be.