SACK ESTATE: 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.
SACK ESTATE
Largest movements
- Stocks and contracts +€1.7m
new in 2025: €1.7m
- Tangible fixed assets -€217,144
down €217,144 (-3.2%), from €6.8m to €6.6m
of which Land and buildings: -€213,415
- Receivables within one year -€107,031
down €107,031 (-86.7%), from €123,407 to €16,376
of which Trade receivables: -€114,082
- Debts after one year +€718,378
up €718,378 (+10.8%), from €6.6m to €7.3m
of which Financial debts: +€703,702
- Other debts +€594,769
up €594,769 (+104%), from €570,614 to €1.2m
- Gross operating margin +€34,754
up €34,754 (+11.9%), from €291,963 to €326,717
- Financial charges +€23,276
up €23,276 (+34.3%), from €67,898 to €91,174
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 | €6,949,154 | €8,360,501 | +€1.4m | +20.3% |
| Fixed assets | 21/28 | €6,813,873 | €6,596,729 | -€217,144 | -3.2% |
| Tangible fixed assets | 22/27 | €6,813,873 | €6,596,729 | -€217,144 | -3.2% |
| Land and buildings | 22 | €6,798,958 | €6,585,543 | -€213,415 | -3.1% |
| Plant, machinery and equipment | 23 | €14,915 | €11,186 | -€3,729 | -25.0% |
| Current assets | 29/58 | €135,281 | €1,763,772 | +€1.6m | +1,204% |
| Stocks and contracts in progress | 3 | - | €1,737,033 | +€1.7m | |
| Stocks | 30/36 | - | €1,737,033 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €123,407 | €16,376 | -€107,031 | -86.7% |
| Trade receivables | 40 | €123,199 | €9,117 | -€114,082 | -92.6% |
| Other amounts receivable | 41 | €208 | €7,259 | +€7,051 | +3,390% |
| Cash at bank and in hand | 54/58 | €4,426 | €2,915 | -€1,511 | -34.1% |
| Deferred charges and accrued income | 490/1 | €7,448 | €7,448 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,949,154 | €8,360,501 | +€1.4m | +20.3% |
| Equity | 10/15 | -€530,118 | -€505,054 | +€25,064 | +4.7% |
| Contributions | 10/11 | €563,007 | €575,407 | +€12,400 | +2.2% |
| Contributions outside capital | 11 | €563,007 | €575,407 | +€12,400 | +2.2% |
| Other | 1109/19 | €563,007 | €575,407 | +€12,400 | +2.2% |
| Reserves | 13 | €210,802 | €210,802 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,886 | €26,886 | = | 0.0% |
| Distributable reserves | 133 | €183,916 | €183,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,303,927 | -€1,291,263 | +€12,664 | +1.0% |
| Amounts payable | 17/49 | €7,479,272 | €8,865,555 | +€1.4m | +18.5% |
| Amounts payable after more than one year | 17 | €6,628,467 | €7,346,845 | +€718,378 | +10.8% |
| Financial debts | 170/4 | €6,625,000 | €7,328,702 | +€703,702 | +10.6% |
| Other amounts payable | 178/9 | €3,467 | €18,143 | +€14,676 | +423% |
| Amounts payable within one year | 42/48 | €850,805 | €1,518,710 | +€667,905 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €270,833 | €287,178 | +€16,345 | +6.0% |
| Trade debts | 44 | €7,215 | €18,231 | +€11,016 | +153% |
| Suppliers | 440/4 | €7,215 | €18,231 | +€11,016 | +153% |
| Taxes, remuneration and social security | 45 | €2,143 | €47,918 | +€45,775 | +2,136% |
| Taxes | 450/3 | €2,143 | €47,918 | +€45,775 | +2,136% |
| Other amounts payable | 47/48 | €570,614 | €1,165,383 | +€594,769 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,373 | €217,144 | -€229 | -0.1% |
| Other operating charges | 640/8 | €4,974 | €5,007 | +€33 | +0.7% |
| Gross operating margin | 9900 | €291,963 | €326,717 | +€34,754 | +11.9% |
| Operating profit (loss) | 9901 | €69,616 | €104,566 | +€34,950 | +50.2% |
| Financial charges | 65/66B | €67,898 | €91,174 | +€23,276 | +34.3% |
| Recurring financial charges | 65 | €67,898 | €91,174 | +€23,276 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €1,718 | €13,392 | +€11,674 | +680% |
| Income taxes | 67/77 | €1,503 | €728 | -€775 | -51.6% |
| Profit (loss) for the period | 9904 | €215 | €12,664 | +€12,449 | +5,790% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €12,664 | +€12,449 | +5,790% |
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 19 October 2026 via checked.be.