SACHEM: 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.
SACHEM
Largest movements
- Cash +€56,715
up €56,715 (+119.5%), from €47,442 to €104,157
mainly Net result for the year (+€153,964) and Depreciation (+€16,455)
- Tangible fixed assets +€26,047
up €26,047 (+6.8%), from €381,603 to €407,650
of which Other tangible fixed assets: +€39,991
- Receivables after one year -€14,000
down €14,000 (-12.5%), from €112,000 to €98,000
- Receivables within one year +€6,831
up €6,831 (+27.8%), from €24,546 to €31,376
of which Trade receivables: +€10,197
- Profit (loss) carried forward +€119,679
up €119,679 (+64.4%), from €185,836 to €305,514
- Debts after one year -€22,839
down €22,839 (-14.8%), from €154,012 to €131,173
- Tax, wage and social debts -€19,526
down €19,526 (-40.9%), from €47,749 to €28,223
of which Taxes: -€17,696
- Other debts -€17,000
down €17,000 (-41.5%), from €41,000 to €24,000
- Trade debts +€8,471
up €8,471 (+129.4%), from €6,548 to €15,019
- Gross operating margin +€117,770
up €117,770 (+114.0%), from €103,335 to €221,105
- Taxes +€27,821
up €27,821 (+145.0%), from €19,191 to €47,012
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 | €576,722 | €646,964 | +€70,242 | +12.2% |
| Fixed assets | 21/28 | €381,603 | €407,650 | +€26,047 | +6.8% |
| Tangible fixed assets | 22/27 | €381,603 | €407,650 | +€26,047 | +6.8% |
| Land and buildings | 22 | €223,590 | €218,028 | -€5,562 | -2.5% |
| Plant, machinery and equipment | 23 | €21,854 | €17,734 | -€4,119 | -18.8% |
| Furniture and vehicles | 24 | €17,162 | €12,900 | -€4,263 | -24.8% |
| Other tangible fixed assets | 26 | €25,671 | €65,662 | +€39,991 | +155.8% |
| Assets under construction and advance payments | 27 | €93,326 | €93,326 | = | 0.0% |
| Current assets | 29/58 | €195,120 | €239,314 | +€44,195 | +22.6% |
| Amounts receivable after more than one year | 29 | €112,000 | €98,000 | -€14,000 | -12.5% |
| Other amounts receivable | 291 | €112,000 | €98,000 | -€14,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €24,546 | €31,376 | +€6,831 | +27.8% |
| Trade receivables | 40 | €2,651 | €12,848 | +€10,197 | +384.7% |
| Other amounts receivable | 41 | €21,895 | €18,529 | -€3,366 | -15.4% |
| Cash at bank and in hand | 54/58 | €47,442 | €104,157 | +€56,715 | +119.5% |
| Deferred charges and accrued income | 490/1 | €11,132 | €5,781 | -€5,351 | -48.1% |
| Total equity and liabilities | 10/49 | €576,722 | €646,964 | +€70,242 | +12.2% |
| Equity | 10/15 | €302,797 | €422,476 | +€119,679 | +39.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,762 | €110,762 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,427 | €39,427 | = | 0.0% |
| Distributable reserves | 133 | €71,335 | €71,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,836 | €305,514 | +€119,679 | +64.4% |
| Amounts payable | 17/49 | €273,925 | €224,488 | -€49,437 | -18.0% |
| Amounts payable after more than one year | 17 | €154,012 | €131,173 | -€22,839 | -14.8% |
| Financial debts | 170/4 | €154,012 | €131,173 | -€22,839 | -14.8% |
| Amounts payable within one year | 42/48 | €119,635 | €90,081 | -€29,554 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €24,338 | €22,839 | -€1,499 | -6.2% |
| Trade debts | 44 | €6,548 | €15,019 | +€8,471 | +129.4% |
| Suppliers | 440/4 | €6,548 | €15,019 | +€8,471 | +129.4% |
| Taxes, remuneration and social security | 45 | €47,749 | €28,223 | -€19,526 | -40.9% |
| Taxes | 450/3 | €45,919 | €28,223 | -€17,696 | -38.5% |
| Remuneration and social security | 454/9 | €1,830 | - | -€1,830 | |
| Other amounts payable | 47/48 | €41,000 | €24,000 | -€17,000 | -41.5% |
| Accrued charges and deferred income | 492/3 | €278 | €3,233 | +€2,956 | +1064.8% |
| Non-recurring operating income | 76A | €1,692 | - | -€1,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,270 | €16,455 | +€1,185 | +7.8% |
| Other operating charges | 640/8 | €1,895 | €1,827 | -€68 | -3.6% |
| Non-recurring operating charges | 66A | €1,606 | €714 | -€892 | -55.6% |
| Gross operating margin | 9900 | €103,335 | €221,105 | +€117,770 | +114.0% |
| Operating profit (loss) | 9901 | €84,564 | €202,109 | +€117,545 | +139.0% |
| Financial income | 75/76B | €6,041 | €5,462 | -€579 | -9.6% |
| Recurring financial income | 75 | €6,041 | €5,462 | -€579 | -9.6% |
| Financial charges | 65/66B | €8,502 | €6,595 | -€1,907 | -22.4% |
| Recurring financial charges | 65 | €8,502 | €6,595 | -€1,907 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €82,103 | €200,976 | +€118,873 | +144.8% |
| Income taxes | 67/77 | €19,191 | €47,012 | +€27,821 | +145.0% |
| Profit (loss) for the period | 9904 | €62,912 | €153,964 | +€91,052 | +144.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,912 | €153,964 | +€91,052 | +144.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.