SACON: 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.
SACON
Largest movements
- Tangible fixed assets -€10,319
down €10,319 (-22.5%), from €45,791 to €35,472
of which Furniture and vehicles: -€9,785
- Receivables within one year -€8,020
down €8,020 (-6.8%), from €117,554 to €109,535
of which Other amounts receivable: -€10,080
- Deferred charges and accrued income +€5,392
up €5,392 (+824%), from €655 to €6,047
- Cash -€2,914
down €2,914 (-17.9%), from €16,279 to €13,366
mainly Short-term financial debts (-€14,852) and Debts after one year (-€9,930)
- Tax, wage and social debts +€17,051
up €17,051 (+133%), from €12,853 to €29,904
of which Taxes: +€14,451
- Short-term financial debts -€14,852
down €14,852 (-98.3%), from €15,111 to €259
- Debts after one year -€9,930
down €9,930 (-29.2%), from €34,034 to €24,104
- Other debts -€8,417
down €8,417 (-24.1%), from €34,982 to €26,565
- Trade debts +€2,023
up €2,023 (+46.4%), from €4,361 to €6,384
- Gross operating margin +€3,428
up €3,428 (+14.8%), from €23,129 to €26,557
- Financial charges -€3,093
down €3,093 (-32.6%), from €9,495 to €6,402
- Other operating charges -€777
down €777 (-33.9%), from €2,291 to €1,515
- Taxes -€439
down €439 (-35.0%), from €1,253 to €814
- Financial income -€363
down €363 (-91.2%), from €397 to €35
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 | €180,329 | €164,469 | -€15,860 | -8.8% |
| Fixed assets | 21/28 | €45,841 | €35,522 | -€10,319 | -22.5% |
| Tangible fixed assets | 22/27 | €45,791 | €35,472 | -€10,319 | -22.5% |
| Furniture and vehicles | 24 | €42,221 | €32,436 | -€9,785 | -23.2% |
| Other tangible fixed assets | 26 | €3,570 | €3,036 | -€535 | -15.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €134,488 | €128,947 | -€5,541 | -4.1% |
| Amounts receivable within one year | 40/41 | €117,554 | €109,535 | -€8,020 | -6.8% |
| Trade receivables | 40 | €90,410 | €92,470 | +€2,060 | +2.3% |
| Other amounts receivable | 41 | €27,144 | €17,065 | -€10,080 | -37.1% |
| Cash at bank and in hand | 54/58 | €16,279 | €13,366 | -€2,914 | -17.9% |
| Deferred charges and accrued income | 490/1 | €655 | €6,047 | +€5,392 | +824% |
| Total equity and liabilities | 10/49 | €180,329 | €164,469 | -€15,860 | -8.8% |
| Equity | 10/15 | €67,031 | €65,385 | -€1,647 | -2.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €66,531 | €64,885 | -€1,647 | -2.5% |
| Distributable reserves | 133 | €66,531 | €64,885 | -€1,647 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,298 | €99,085 | -€14,213 | -12.5% |
| Amounts payable after more than one year | 17 | €34,034 | €24,104 | -€9,930 | -29.2% |
| Financial debts | 170/4 | €34,034 | €24,104 | -€9,930 | -29.2% |
| Amounts payable within one year | 42/48 | €77,005 | €73,042 | -€3,964 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €9,698 | €9,930 | +€232 | +2.4% |
| Financial debts | 43 | €15,111 | €259 | -€14,852 | -98.3% |
| Credit institutions | 430/8 | €15,111 | €259 | -€14,852 | -98.3% |
| Trade debts | 44 | €4,361 | €6,384 | +€2,023 | +46.4% |
| Suppliers | 440/4 | €4,361 | €6,384 | +€2,023 | +46.4% |
| Taxes, remuneration and social security | 45 | €12,853 | €29,904 | +€17,051 | +133% |
| Taxes | 450/3 | €12,853 | €27,304 | +€14,451 | +112% |
| Remuneration and social security | 454/9 | €0 | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €34,982 | €26,565 | -€8,417 | -24.1% |
| Accrued charges and deferred income | 492/3 | €2,258 | €1,939 | -€320 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,319 | €10,319 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,291 | €1,515 | -€777 | -33.9% |
| Non-recurring operating charges | 66A | - | €7,523 | +€7,523 | |
| Gross operating margin | 9900 | €23,129 | €26,557 | +€3,428 | +14.8% |
| Operating profit (loss) | 9901 | €10,519 | €7,200 | -€3,318 | -31.5% |
| Financial income | 75/76B | €397 | €35 | -€363 | -91.2% |
| Recurring financial income | 75 | €397 | €35 | -€363 | -91.2% |
| Financial charges | 65/66B | €9,495 | €6,402 | -€3,093 | -32.6% |
| Recurring financial charges | 65 | €9,495 | €6,402 | -€3,093 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €1,422 | €834 | -€588 | -41.4% |
| Income taxes | 67/77 | €1,253 | €814 | -€439 | -35.0% |
| Profit (loss) for the period | 9904 | €168 | €19 | -€149 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €168 | €19 | -€149 | -88.6% |
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 13 October 2026 via checked.be.