SACK SELECT ART: 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 SELECT ART
Largest movements
- Cash -€39,840
down €39,840 (-96.3%), from €41,384 to €1,543
mainly Other debts (-€31,533) and Debts after one year (-€9,911)
- Tangible fixed assets -€17,286
down €17,286 (-5.3%), from €324,756 to €307,471
of which Land and buildings: -€17,041
- Stocks and contracts +€7,500
up €7,500 (+6.6%), from €114,056 to €121,556
- Other debts -€31,533
down €31,533 (-9.4%), from €335,602 to €304,069
- Debts after one year -€9,911
down €9,911 (-16.0%), from €61,884 to €51,973
- Tax, wage and social debts -€5,487
no longer reported in 2025 (was €5,487)
- Gross operating margin -€36,375
down €36,375 (-62.2%), from €58,470 to €22,095
- Taxes -€5,712
no longer reported in 2025 (was €5,712)
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 | €481,310 | €432,511 | -€48,799 | -10.1% |
| Fixed assets | 21/28 | €324,894 | €307,608 | -€17,286 | -5.3% |
| Tangible fixed assets | 22/27 | €324,756 | €307,471 | -€17,286 | -5.3% |
| Land and buildings | 22 | €324,463 | €307,421 | -€17,041 | -5.3% |
| Plant, machinery and equipment | 23 | €294 | €50 | -€244 | -83.1% |
| Financial fixed assets | 28 | €137 | €137 | = | 0.0% |
| Current assets | 29/58 | €156,416 | €124,903 | -€31,513 | -20.1% |
| Stocks and contracts in progress | 3 | €114,056 | €121,556 | +€7,500 | +6.6% |
| Stocks | 30/36 | €114,056 | €121,556 | +€7,500 | +6.6% |
| Amounts receivable within one year | 40/41 | €362 | €1,189 | +€827 | +229% |
| Trade receivables | 40 | €362 | €540 | +€178 | +49.3% |
| Other amounts receivable | 41 | - | €649 | +€649 | |
| Cash at bank and in hand | 54/58 | €41,384 | €1,543 | -€39,840 | -96.3% |
| Deferred charges and accrued income | 490/1 | €615 | €615 | = | 0.0% |
| Total equity and liabilities | 10/49 | €481,310 | €432,511 | -€48,799 | -10.1% |
| Equity | 10/15 | €66,055 | €66,330 | +€274 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €131,499 | €131,499 | = | 0.0% |
| Distributable reserves | 133 | €131,499 | €131,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,035 | -€83,761 | +€274 | +0.3% |
| Amounts payable | 17/49 | €415,254 | €366,181 | -€49,073 | -11.8% |
| Amounts payable after more than one year | 17 | €61,884 | €51,973 | -€9,911 | -16.0% |
| Financial debts | 170/4 | €61,884 | €51,973 | -€9,911 | -16.0% |
| Amounts payable within one year | 42/48 | €353,371 | €314,209 | -€39,162 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,756 | €9,913 | +€157 | +1.6% |
| Trade debts | 44 | €2,526 | €226 | -€2,300 | -91.1% |
| Suppliers | 440/4 | €2,526 | €226 | -€2,300 | -91.1% |
| Taxes, remuneration and social security | 45 | €5,487 | - | -€5,487 | |
| Taxes | 450/3 | €5,487 | - | -€5,487 | |
| Other amounts payable | 47/48 | €335,602 | €304,069 | -€31,533 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,286 | €17,286 | = | 0.0% |
| Other operating charges | 640/8 | €2,689 | €2,773 | +€83 | +3.1% |
| Gross operating margin | 9900 | €58,470 | €22,095 | -€36,375 | -62.2% |
| Operating profit (loss) | 9901 | €38,495 | €2,037 | -€36,458 | -94.7% |
| Financial charges | 65/66B | €1,972 | €1,763 | -€209 | -10.6% |
| Recurring financial charges | 65 | €1,972 | €1,763 | -€209 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €36,524 | €274 | -€36,249 | -99.2% |
| Income taxes | 67/77 | €5,712 | - | -€5,712 | |
| Profit (loss) for the period | 9904 | €30,812 | €274 | -€30,538 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,812 | €274 | -€30,538 | -99.1% |
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 15 October 2026 via checked.be.