SACHE: 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.
SACHE
Largest movements
- Tangible fixed assets -€12,273
down €12,273 (-10.8%), from €113,356 to €101,083
of which Land and buildings: -€10,759
- Receivables within one year -€1,697
down €1,697 (-17.4%), from €9,761 to €8,063
of which Trade receivables: -€1,652
- Profit (loss) carried forward -€6,028
down €6,028 (-437%), from -€1,378 to -€7,406
- Provisions -€4,656
down €4,656 (-5.1%), from €90,683 to €86,028
- Debts after one year -€2,167
down €2,167 (-10.3%), from €21,097 to €18,929
- Gross operating margin -€10,609
down €10,609 (-36.2%), from €29,331 to €18,722
- Financial charges -€9,318
down €9,318 (-46.7%), from €19,973 to €10,655
- Depreciation -€870
down €870 (-6.6%), from €13,143 to €12,273
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 | €147,006 | €134,627 | -€12,378 | -8.4% |
| Fixed assets | 21/28 | €113,356 | €101,083 | -€12,273 | -10.8% |
| Tangible fixed assets | 22/27 | €113,356 | €101,083 | -€12,273 | -10.8% |
| Land and buildings | 22 | €109,251 | €98,492 | -€10,759 | -9.8% |
| Plant, machinery and equipment | 23 | €892 | €590 | -€301 | -33.8% |
| Furniture and vehicles | 24 | €3,213 | €2,001 | -€1,212 | -37.7% |
| Current assets | 29/58 | €33,649 | €33,544 | -€106 | -0.3% |
| Stocks and contracts in progress | 3 | €4,279 | €4,564 | +€284 | +6.6% |
| Stocks | 30/36 | €4,279 | €4,564 | +€284 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,761 | €8,063 | -€1,697 | -17.4% |
| Trade receivables | 40 | €4,893 | €3,242 | -€1,652 | -33.8% |
| Other amounts receivable | 41 | €4,867 | €4,822 | -€46 | -0.9% |
| Cash at bank and in hand | 54/58 | €19,609 | €20,538 | +€929 | +4.7% |
| Deferred charges and accrued income | 490/1 | - | €379 | +€379 | |
| Total equity and liabilities | 10/49 | €147,006 | €134,627 | -€12,378 | -8.4% |
| Equity | 10/15 | €29,371 | €23,343 | -€6,028 | -20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,549 | €24,549 | = | 0.0% |
| Distributable reserves | 133 | €24,549 | €24,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,378 | -€7,406 | -€6,028 | -437% |
| Provisions and deferred taxes | 16 | €90,683 | €86,028 | -€4,656 | -5.1% |
| Provisions for liabilities and charges | 160/5 | €90,683 | €86,028 | -€4,656 | -5.1% |
| Other liabilities and charges | 164/5 | €90,683 | €86,028 | -€4,656 | -5.1% |
| Amounts payable | 17/49 | €26,951 | €25,257 | -€1,695 | -6.3% |
| Amounts payable after more than one year | 17 | €21,097 | €18,929 | -€2,167 | -10.3% |
| Financial debts | 170/4 | €21,097 | €18,929 | -€2,167 | -10.3% |
| Amounts payable within one year | 42/48 | €5,855 | €6,327 | +€472 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €2,060 | €2,167 | +€107 | +5.2% |
| Financial debts | 43 | - | €774 | +€774 | |
| Credit institutions | 430/8 | - | €774 | +€774 | |
| Trade debts | 44 | €1,370 | €355 | -€1,016 | -74.1% |
| Suppliers | 440/4 | €1,370 | €355 | -€1,016 | -74.1% |
| Taxes, remuneration and social security | 45 | €2,424 | €3,031 | +€607 | +25.0% |
| Taxes | 450/3 | €2,424 | €3,031 | +€607 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,143 | €12,273 | -€870 | -6.6% |
| Other operating charges | 640/8 | €1,839 | €1,901 | +€62 | +3.4% |
| Gross operating margin | 9900 | €29,331 | €18,722 | -€10,609 | -36.2% |
| Operating profit (loss) | 9901 | €14,349 | €4,549 | -€9,801 | -68.3% |
| Financial income | 75/76B | €15 | €219 | +€204 | +1,327% |
| Recurring financial income | 75 | €15 | €219 | +€204 | +1,327% |
| Financial charges | 65/66B | €19,973 | €10,655 | -€9,318 | -46.7% |
| Recurring financial charges | 65 | €19,973 | €10,655 | -€9,318 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,609 | -€5,887 | -€278 | -5.0% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€5,737 | -€6,028 | -€291 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,737 | -€6,028 | -€291 | -5.1% |
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 20 October 2026 via checked.be.