SACO: 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.
SACO
Largest movements
- Tangible fixed assets -€19,722
down €19,722 (-8.4%), from €234,044 to €214,322
of which Land and buildings: -€18,692
- Receivables within one year +€5,624
new in 2024: €5,624
- Profit (loss) carried forward -€17,042
down €17,042 (-3.6%), from -€474,645 to -€491,688
- Depreciation -€1,339
down €1,339 (-6.5%), from €20,614 to €19,275
- Gross operating margin +€955
up €955 (+32.7%), from €2,924 to €3,879
- Financial income -€208
no longer reported in 2024 (was €208)
- Other operating charges +€56
up €56 (+3.9%), from €1,438 to €1,494
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,297 | €459,951 | -€18,346 | -3.8% |
| Fixed assets | 21/28 | €242,996 | €223,273 | -€19,722 | -8.1% |
| Tangible fixed assets | 22/27 | €234,044 | €214,322 | -€19,722 | -8.4% |
| Land and buildings | 22 | €228,216 | €209,524 | -€18,692 | -8.2% |
| Plant, machinery and equipment | 23 | €2,393 | €1,495 | -€898 | -37.5% |
| Furniture and vehicles | 24 | €3,435 | €3,303 | -€132 | -3.8% |
| Financial fixed assets | 28 | €8,952 | €8,952 | = | 0.0% |
| Current assets | 29/58 | €235,301 | €236,677 | +€1,376 | +0.6% |
| Amounts receivable within one year | 40/41 | - | €5,624 | +€5,624 | |
| Other amounts receivable | 41 | - | €5,624 | +€5,624 | |
| Cash at bank and in hand | 54/58 | €230,280 | €229,028 | -€1,252 | -0.5% |
| Deferred charges and accrued income | 490/1 | €5,021 | €2,026 | -€2,996 | -59.7% |
| Total equity and liabilities | 10/49 | €478,297 | €459,951 | -€18,346 | -3.8% |
| Equity | 10/15 | €476,764 | €459,721 | -€17,042 | -3.6% |
| Contributions | 10/11 | €923,403 | €923,403 | = | 0.0% |
| Capital | 10 | €923,403 | €923,403 | = | 0.0% |
| Issued capital | 100 | €923,403 | €923,403 | = | 0.0% |
| Reserves | 13 | €28,006 | €28,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,942 | €9,942 | = | 0.0% |
| Legal reserve | 130 | €9,942 | €9,942 | = | 0.0% |
| Distributable reserves | 133 | €18,063 | €18,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€474,645 | -€491,688 | -€17,042 | -3.6% |
| Amounts payable | 17/49 | €1,533 | €229 | -€1,304 | -85.0% |
| Amounts payable within one year | 42/48 | €1,533 | €229 | -€1,304 | -85.0% |
| Taxes, remuneration and social security | 45 | €90 | €93 | +€4 | +4.1% |
| Taxes | 450/3 | €90 | €93 | +€4 | +4.1% |
| Other amounts payable | 47/48 | €1,443 | €136 | -€1,307 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,614 | €19,275 | -€1,339 | -6.5% |
| Other operating charges | 640/8 | €1,438 | €1,494 | +€56 | +3.9% |
| Gross operating margin | 9900 | €2,924 | €3,879 | +€955 | +32.7% |
| Operating profit (loss) | 9901 | -€19,128 | -€16,890 | +€2,238 | +11.7% |
| Financial income | 75/76B | €208 | - | -€208 | |
| Recurring financial income | 75 | €208 | - | -€208 | |
| Financial charges | 65/66B | €67 | €59 | -€8 | -12.0% |
| Recurring financial charges | 65 | €67 | €59 | -€8 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,987 | -€16,949 | +€2,038 | +10.7% |
| Income taxes | 67/77 | €90 | €93 | +€4 | +4.1% |
| Profit (loss) for the period | 9904 | -€19,077 | -€17,042 | +€2,034 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,077 | -€17,042 | +€2,034 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.