SACHEM & Co: 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.
SACHEM & Co
Largest movements
- Receivables within one year +€218,658
up €218,658 (+176.8%), from €123,704 to €342,362
of which Trade receivables: +€217,919
- Tangible fixed assets -€108,929
down €108,929 (-8.5%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€96,374
- Cash -€98,584
down €98,584 (-53.3%), from €184,864 to €86,279
mainly Receivables within one year (-€218,658) and Debts after one year (-€96,958)
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year -€96,958
down €96,958 (-11.2%), from €862,953 to €765,996
- Depreciation +€41,179
up €41,179 (+37.3%), from €110,436 to €151,615
- Staff costs -€27,410
down €27,410 (-17.5%), from €156,331 to €128,921
- Gross operating margin +€24,389
up €24,389 (+7.7%), from €317,537 to €341,926
- Write-downs +€10,290
new in 2025: €10,290
- Financial charges +€9,068
up €9,068 (+30.1%), from €30,081 to €39,149
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 | €1,608,478 | €1,622,843 | +€14,365 | +0.9% |
| Fixed assets | 21/28 | €1,284,153 | €1,175,225 | -€108,929 | -8.5% |
| Tangible fixed assets | 22/27 | €1,284,053 | €1,175,125 | -€108,929 | -8.5% |
| Plant, machinery and equipment | 23 | €1,223,191 | €1,126,818 | -€96,374 | -7.9% |
| Furniture and vehicles | 24 | €60,862 | €48,307 | -€12,555 | -20.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €324,324 | €447,618 | +€123,294 | +38.0% |
| Amounts receivable within one year | 40/41 | €123,704 | €342,362 | +€218,658 | +176.8% |
| Trade receivables | 40 | €122,304 | €340,223 | +€217,919 | +178.2% |
| Other amounts receivable | 41 | €1,400 | €2,139 | +€739 | +52.8% |
| Cash at bank and in hand | 54/58 | €184,864 | €86,279 | -€98,584 | -53.3% |
| Deferred charges and accrued income | 490/1 | €15,757 | €18,977 | +€3,220 | +20.4% |
| Total equity and liabilities | 10/49 | €1,608,478 | €1,622,843 | +€14,365 | +0.9% |
| Equity | 10/15 | €95,064 | €98,691 | +€3,627 | +3.8% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €74,064 | €77,691 | +€3,627 | +4.9% |
| Distributable reserves | 133 | €74,064 | €77,691 | +€3,627 | +4.9% |
| Amounts payable | 17/49 | €1,513,414 | €1,524,152 | +€10,738 | +0.7% |
| Amounts payable after more than one year | 17 | €862,953 | €765,996 | -€96,958 | -11.2% |
| Financial debts | 170/4 | €862,953 | €765,996 | -€96,958 | -11.2% |
| Amounts payable within one year | 42/48 | €647,222 | €755,210 | +€107,988 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €100,316 | €104,222 | +€3,905 | +3.9% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €184,707 | €176,032 | -€8,674 | -4.7% |
| Suppliers | 440/4 | €184,707 | €176,032 | -€8,674 | -4.7% |
| Taxes, remuneration and social security | 45 | €23,451 | €17,184 | -€6,267 | -26.7% |
| Taxes | 450/3 | €6,064 | €7,326 | +€1,262 | +20.8% |
| Remuneration and social security | 454/9 | €17,387 | €9,858 | -€7,529 | -43.3% |
| Other amounts payable | 47/48 | €338,747 | €332,771 | -€5,976 | -1.8% |
| Accrued charges and deferred income | 492/3 | €3,239 | €2,946 | -€292 | -9.0% |
| Remuneration, social security and pensions | 62 | €156,331 | €128,921 | -€27,410 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,436 | €151,615 | +€41,179 | +37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,290 | +€10,290 | |
| Other operating charges | 640/8 | €9,513 | €5,979 | -€3,534 | -37.1% |
| Gross operating margin | 9900 | €317,537 | €341,926 | +€24,389 | +7.7% |
| Operating profit (loss) | 9901 | €41,258 | €45,121 | +€3,863 | +9.4% |
| Financial income | 75/76B | €1,002 | €700 | -€302 | -30.1% |
| Recurring financial income | 75 | €1,002 | €700 | -€302 | -30.1% |
| Financial charges | 65/66B | €30,081 | €39,149 | +€9,068 | +30.1% |
| Recurring financial charges | 65 | €30,081 | €39,149 | +€9,068 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €12,178 | €6,672 | -€5,506 | -45.2% |
| Income taxes | 67/77 | €4,935 | €3,044 | -€1,890 | -38.3% |
| Profit (loss) for the period | 9904 | €7,243 | €3,627 | -€3,616 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,243 | €3,627 | -€3,616 | -49.9% |
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 11 October 2026 via checked.be.