SACHDIAM: 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.
SACHDIAM
Largest movements
- Stocks and contracts +€419,324
up €419,324 (+166.9%), from €251,310 to €670,634
- Receivables within one year -€185,201
down €185,201 (-27.4%), from €677,037 to €491,835
of which Trade receivables: -€187,907
- Cash -€74,572
down €74,572 (-33.5%), from €222,737 to €148,165
mainly Stocks and contracts (-€419,324) and Net result for the year (-€116,095)
- Trade debts +€306,437
up €306,437 (+1443.1%), from €21,235 to €327,672
- Reserves -€116,095
down €116,095 (-24.8%), from €467,829 to €351,734
of which Distributable reserves: -€116,095
- Debts after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Write-downs -€244,151
no longer reported in 2025 (was €244,151)
- Gross operating margin -€127,096
down €127,096, from €25,264 to -€101,832
- Financial charges -€4,467
down €4,467 (-33.3%), from €13,395 to €8,929
- Taxes -€1,093
down €1,093 (-40.6%), from €2,693 to €1,600
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 | €1,155,715 | €1,312,105 | +€156,390 | +13.5% |
| Fixed assets | 21/28 | €2,819 | - | -€2,819 | |
| Tangible fixed assets | 22/27 | €2,819 | - | -€2,819 | |
| Plant, machinery and equipment | 23 | €2,819 | - | -€2,819 | |
| Current assets | 29/58 | €1,152,897 | €1,312,105 | +€159,209 | +13.8% |
| Stocks and contracts in progress | 3 | €251,310 | €670,634 | +€419,324 | +166.9% |
| Stocks | 30/36 | €251,310 | €670,634 | +€419,324 | +166.9% |
| Amounts receivable within one year | 40/41 | €677,037 | €491,835 | -€185,201 | -27.4% |
| Trade receivables | 40 | €676,307 | €488,400 | -€187,907 | -27.8% |
| Other amounts receivable | 41 | €730 | €3,435 | +€2,705 | +370.6% |
| Cash at bank and in hand | 54/58 | €222,737 | €148,165 | -€74,572 | -33.5% |
| Deferred charges and accrued income | 490/1 | €1,814 | €1,471 | -€342 | -18.9% |
| Total equity and liabilities | 10/49 | €1,155,715 | €1,312,105 | +€156,390 | +13.5% |
| Equity | 10/15 | €1,017,829 | €901,734 | -€116,095 | -11.4% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €467,829 | €351,734 | -€116,095 | -24.8% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €412,829 | €296,734 | -€116,095 | -28.1% |
| Amounts payable | 17/49 | €137,886 | €410,372 | +€272,485 | +197.6% |
| Amounts payable after more than one year | 17 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Financial debts | 170/4 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts payable within one year | 42/48 | €37,886 | €330,372 | +€292,485 | +772.0% |
| Trade debts | 44 | €21,235 | €327,672 | +€306,437 | +1443.1% |
| Suppliers | 440/4 | €21,235 | €327,672 | +€306,437 | +1443.1% |
| Taxes, remuneration and social security | 45 | €4,000 | €2,700 | -€1,300 | -32.5% |
| Taxes | 450/3 | €4,000 | €2,700 | -€1,300 | -32.5% |
| Other amounts payable | 47/48 | €12,652 | - | -€12,652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €2,819 | -€986 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €244,151 | - | -€244,151 | |
| Other operating charges | 640/8 | €1,556 | €1,725 | +€169 | +10.9% |
| Gross operating margin | 9900 | €25,264 | -€101,832 | -€127,096 | |
| Operating profit (loss) | 9901 | -€224,248 | -€106,376 | +€117,872 | +52.6% |
| Financial income | 75/76B | €945 | €810 | -€135 | -14.3% |
| Recurring financial income | 75 | €945 | €810 | -€135 | -14.3% |
| Financial charges | 65/66B | €13,395 | €8,929 | -€4,467 | -33.3% |
| Recurring financial charges | 65 | €13,395 | €8,929 | -€4,467 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€236,699 | -€114,495 | +€122,204 | +51.6% |
| Income taxes | 67/77 | €2,693 | €1,600 | -€1,093 | -40.6% |
| Profit (loss) for the period | 9904 | -€239,392 | -€116,095 | +€123,297 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€239,392 | -€116,095 | +€123,297 | +51.5% |
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 10 October 2026 via checked.be.