SACK: 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.
SACK
Largest movements
- Cash +€116,242
up €116,242 (+494.1%), from €23,524 to €139,765
mainly Net result for the year (+€311,549) and Other debts (+€225,199)
- Tangible fixed assets -€12,535
down €12,535 (-24.6%), from €50,894 to €38,359
- Receivables within one year +€10,392
up €10,392 (+1236.1%), from €841 to €11,232
of which Trade receivables: +€10,400
- Other debts +€225,199
up €225,199 (+234.3%), from €96,115 to €321,314
- Profit (loss) carried forward -€68,451
down €68,451 (-73.1%), from €93,635 to €25,184
- Debts after one year -€32,364
down €32,364 (-27.0%), from €119,992 to €87,628
- Tax, wage and social debts -€9,257
down €9,257 (-54.5%), from €16,972 to €7,716
- Financial income +€213,997
up €213,997 (+267.5%), from €80,004 to €294,000
- Gross operating margin +€8,146
up €8,146 (+22.8%), from €35,665 to €43,812
- Taxes +€1,831
up €1,831 (+30.8%), from €5,949 to €7,779
- Financial charges +€1,419
up €1,419 (+38.7%), from €3,669 to €5,088
- Depreciation +€756
up €756 (+6.4%), from €11,779 to €12,535
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 | €427,017 | €541,213 | +€114,196 | +26.7% |
| Fixed assets | 21/28 | €400,894 | €388,359 | -€12,535 | -3.1% |
| Tangible fixed assets | 22/27 | €50,894 | €38,359 | -€12,535 | -24.6% |
| Furniture and vehicles | 24 | €50,894 | €38,359 | -€12,535 | -24.6% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €26,123 | €152,854 | +€126,730 | +485.1% |
| Amounts receivable within one year | 40/41 | €841 | €11,232 | +€10,392 | +1236.1% |
| Trade receivables | 40 | €822 | €11,222 | +€10,400 | +1265.5% |
| Other amounts receivable | 41 | €19 | €11 | -€8 | -42.9% |
| Cash at bank and in hand | 54/58 | €23,524 | €139,765 | +€116,242 | +494.1% |
| Deferred charges and accrued income | 490/1 | €1,759 | €1,856 | +€97 | +5.5% |
| Total equity and liabilities | 10/49 | €427,017 | €541,213 | +€114,196 | +26.7% |
| Equity | 10/15 | €158,635 | €90,184 | -€68,451 | -43.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,635 | €25,184 | -€68,451 | -73.1% |
| Amounts payable | 17/49 | €268,383 | €451,029 | +€182,647 | +68.1% |
| Amounts payable after more than one year | 17 | €119,992 | €87,628 | -€32,364 | -27.0% |
| Financial debts | 170/4 | €119,992 | €87,628 | -€32,364 | -27.0% |
| Amounts payable within one year | 42/48 | €148,391 | €363,401 | +€215,010 | +144.9% |
| Current portion of amounts payable after more than one year | 42 | €31,227 | €32,364 | +€1,137 | +3.6% |
| Trade debts | 44 | €4,076 | €2,007 | -€2,069 | -50.8% |
| Suppliers | 440/4 | €4,076 | €2,007 | -€2,069 | -50.8% |
| Taxes, remuneration and social security | 45 | €16,972 | €7,716 | -€9,257 | -54.5% |
| Taxes | 450/3 | €16,972 | €7,716 | -€9,257 | -54.5% |
| Other amounts payable | 47/48 | €96,115 | €321,314 | +€225,199 | +234.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,779 | €12,535 | +€756 | +6.4% |
| Other operating charges | 640/8 | €637 | €861 | +€224 | +35.2% |
| Gross operating margin | 9900 | €35,665 | €43,812 | +€8,146 | +22.8% |
| Operating profit (loss) | 9901 | €23,249 | €30,416 | +€7,166 | +30.8% |
| Financial income | 75/76B | €80,004 | €294,000 | +€213,997 | +267.5% |
| Recurring financial income | 75 | €80,004 | €294,000 | +€213,997 | +267.5% |
| Financial charges | 65/66B | €3,669 | €5,088 | +€1,419 | +38.7% |
| Recurring financial charges | 65 | €3,669 | €5,088 | +€1,419 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €99,584 | €319,328 | +€219,745 | +220.7% |
| Income taxes | 67/77 | €5,949 | €7,779 | +€1,831 | +30.8% |
| Profit (loss) for the period | 9904 | €93,635 | €311,549 | +€217,914 | +232.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,635 | €311,549 | +€217,914 | +232.7% |
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 7 October 2026 via checked.be.