SACK INVEST: what changed
What changed
SACK INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€101,805
2024 · -€140,819+€39,014
Equity
-€563,595
2024 · -€461,790-€101,805
Cash
€21,647
2024 · €19,678+€1,969
Balance sheet total
€5.8m
2024 · €2.8m+€3.0m
Largest movements
Assets
- Financial fixed assets +€3.2m
new in 2025: €3.2m
- Tangible fixed assets -€200,880
down €200,880 (-7.4%), from €2.7m to €2.5m
of which Land and buildings: -€200,243
- Deferred charges and accrued income +€95,124
up €95,124 (+991%), from €9,601 to €104,724
Equity and liabilities
- Debts after one year +€2.9m
up €2.9m (+127%), from €2.3m to €5.1m
- Other debts +€278,865
up €278,865 (+43.4%), from €641,809 to €920,675
- Profit (loss) carried forward -€101,805
down €101,805 (-13.8%), from -€737,162 to -€838,967
Income statement
- Financial charges +€101,108
up €101,108 (+195%), from €51,974 to €153,082
- Financial income +€100,647
new in 2025: €100,647
- Other operating charges -€35,462
down €35,462 (-55.7%), from €63,678 to €28,216
- Gross operating margin +€2,862
up €2,862 (+1.6%), from €176,865 to €179,726
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€140,819
Gross operating margin
+€2,862
Depreciation
+€1,151
Other operating charges
+€35,462
Financial income
+€100,647
Financial charges
-€101,108
Result 2025
-€101,805
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€287,798
Investment
-€3.2m
Financing
+€2.9m
Cash 2024
€19,678
From operations (derived)
+€287,798
Net result for the year
-€101,805
Depreciation
+€200,880
Receivables within one year
+€46,450
Deferred charges and accrued income
-€95,124
Trade debts
-€41,470
Other debts
+€278,865
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€3.2m
Financing
+€2.9m
Debts after one year
+€2.9m
Current portion of long-term debt
+€46,701
Cash 2025
€21,647
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,786,817 | €5,836,580 | +€3.0m | +109% |
| Fixed assets | 21/28 | €2,711,088 | €5,710,208 | +€3.0m | +111% |
| Tangible fixed assets | 22/27 | €2,711,088 | €2,510,208 | -€200,880 | -7.4% |
| Land and buildings | 22 | €2,350,946 | €2,150,702 | -€200,243 | -8.5% |
| Plant, machinery and equipment | 23 | €636 | - | -€636 | |
| Other tangible fixed assets | 26 | €359,506 | €359,506 | = | 0.0% |
| Financial fixed assets | 28 | - | €3,200,000 | +€3.2m | |
| Current assets | 29/58 | €75,729 | €126,371 | +€50,642 | +66.9% |
| Amounts receivable within one year | 40/41 | €46,450 | - | -€46,450 | |
| Trade receivables | 40 | €46,450 | - | -€46,450 | |
| Cash at bank and in hand | 54/58 | €19,678 | €21,647 | +€1,969 | +10.0% |
| Deferred charges and accrued income | 490/1 | €9,601 | €104,724 | +€95,124 | +991% |
| Total equity and liabilities | 10/49 | €2,786,817 | €5,836,580 | +€3.0m | +109% |
| Equity | 10/15 | -€461,790 | -€563,595 | -€101,805 | -22.0% |
| Contributions | 10/11 | €237,872 | €237,872 | = | 0.0% |
| Capital | 10 | €237,872 | €237,872 | = | 0.0% |
| Issued capital | 100 | €237,872 | €237,872 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€737,162 | -€838,967 | -€101,805 | -13.8% |
| Amounts payable | 17/49 | €3,248,608 | €6,400,175 | +€3.2m | +97.0% |
| Amounts payable after more than one year | 17 | €2,261,105 | €5,128,575 | +€2.9m | +127% |
| Financial debts | 170/4 | €2,261,105 | €5,128,575 | +€2.9m | +127% |
| Amounts payable within one year | 42/48 | €987,502 | €1,271,599 | +€284,097 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €299,908 | €346,609 | +€46,701 | +15.6% |
| Trade debts | 44 | €45,785 | €4,316 | -€41,470 | -90.6% |
| Suppliers | 440/4 | €45,785 | €4,316 | -€41,470 | -90.6% |
| Other amounts payable | 47/48 | €641,809 | €920,675 | +€278,865 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,031 | €200,880 | -€1,151 | -0.6% |
| Other operating charges | 640/8 | €63,678 | €28,216 | -€35,462 | -55.7% |
| Gross operating margin | 9900 | €176,865 | €179,726 | +€2,862 | +1.6% |
| Operating profit (loss) | 9901 | -€88,844 | -€49,369 | +€39,475 | +44.4% |
| Financial income | 75/76B | - | €100,647 | +€100,647 | |
| Recurring financial income | 75 | - | €100,647 | +€100,647 | |
| Financial charges | 65/66B | €51,974 | €153,082 | +€101,108 | +195% |
| Recurring financial charges | 65 | €51,974 | €153,082 | +€101,108 | +195% |
| Profit (loss) for the period before taxes | 9903 | -€140,819 | -€101,805 | +€39,014 | +27.7% |
| Profit (loss) for the period | 9904 | -€140,819 | -€101,805 | +€39,014 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,819 | -€101,805 | +€39,014 | +27.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.