Sacon: what changed
What changed
Sacon
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€31,454
2024 · €20,443+€11,011
Equity
€53,043
2024 · €21,589+€31,454
Cash
€36,292
2024 · €12,293+€23,998
Balance sheet total
€236,278
2024 · €210,989+€25,289
Largest movements
Assets
- Cash +€23,998
up €23,998 (+195%), from €12,293 to €36,292
mainly Net result for the year (+€31,454) and Tax, wage and social debts (+€13,752)
Equity and liabilities
- Reserves +€31,454
up €31,454 (+169%), from €18,589 to €50,043
- Debts after one year -€22,797
down €22,797 (-14.9%), from €152,713 to €129,916
- Tax, wage and social debts +€13,752
up €13,752 (+138%), from €9,944 to €23,695
Income statement
- Gross operating margin +€17,996
up €17,996 (+51.2%), from €35,120 to €53,117
- Taxes +€4,298
up €4,298 (+49.3%), from €8,721 to €13,019
- Financial charges +€1,854
up €1,854 (+34.0%), from €5,456 to €7,310
- Depreciation +€639
up €639 (+128%), from €501 to €1,140
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
€20,443
Gross operating margin
+€17,996
Depreciation
-€639
Other operating charges
-€192
Financial income
-€2
Financial charges
-€1,854
Taxes
-€4,298
Result 2025
€31,454
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
+€47,746
Investment
-€1,826
Financing
-€21,921
Cash 2024
€12,293
From operations (derived)
+€47,746
Net result for the year
+€31,454
Depreciation
+€1,140
Receivables within one year
-€605
Trade debts
+€1,047
Tax, wage and social debts
+€13,752
Other debts
+€957
Investment (derived)
-€1,826
Investment in fixed assets (net)
-€1,826
Financing
-€21,921
Debts after one year
-€22,797
Current portion of long-term debt
+€876
Cash 2025
€36,292
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,989 | €236,278 | +€25,289 | +12.0% |
| Fixed assets | 21/28 | €187,100 | €187,786 | +€686 | +0.4% |
| Tangible fixed assets | 22/27 | €3,143 | €3,829 | +€686 | +21.8% |
| Land and buildings | 22 | €1,946 | €1,521 | -€425 | -21.8% |
| Furniture and vehicles | 24 | €1,198 | €2,308 | +€1,111 | +92.7% |
| Financial fixed assets | 28 | €183,957 | €183,957 | = | 0.0% |
| Current assets | 29/58 | €23,889 | €48,492 | +€24,603 | +103% |
| Amounts receivable within one year | 40/41 | €11,596 | €12,201 | +€605 | +5.2% |
| Trade receivables | 40 | €11,596 | €12,201 | +€605 | +5.2% |
| Cash at bank and in hand | 54/58 | €12,293 | €36,292 | +€23,998 | +195% |
| Total equity and liabilities | 10/49 | €210,989 | €236,278 | +€25,289 | +12.0% |
| Equity | 10/15 | €21,589 | €53,043 | +€31,454 | +146% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,589 | €50,043 | +€31,454 | +169% |
| Distributable reserves | 133 | €18,589 | €50,043 | +€31,454 | +169% |
| Amounts payable | 17/49 | €189,400 | €183,235 | -€6,165 | -3.3% |
| Amounts payable after more than one year | 17 | €152,713 | €129,916 | -€22,797 | -14.9% |
| Financial debts | 170/4 | €152,713 | €129,916 | -€22,797 | -14.9% |
| Amounts payable within one year | 42/48 | €36,687 | €53,319 | +€16,632 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | €21,921 | €22,797 | +€876 | +4.0% |
| Trade debts | 44 | €2,323 | €3,370 | +€1,047 | +45.1% |
| Suppliers | 440/4 | €2,323 | €3,370 | +€1,047 | +45.1% |
| Taxes, remuneration and social security | 45 | €9,944 | €23,695 | +€13,752 | +138% |
| Taxes | 450/3 | €9,944 | €23,695 | +€13,752 | +138% |
| Other amounts payable | 47/48 | €2,499 | €3,457 | +€957 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €1,140 | +€639 | +128% |
| Other operating charges | 640/8 | - | €192 | +€192 | |
| Gross operating margin | 9900 | €35,120 | €53,117 | +€17,996 | +51.2% |
| Operating profit (loss) | 9901 | €34,619 | €51,784 | +€17,165 | +49.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €5,456 | €7,310 | +€1,854 | +34.0% |
| Recurring financial charges | 65 | €5,456 | €7,310 | +€1,854 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €29,165 | €44,473 | +€15,309 | +52.5% |
| Income taxes | 67/77 | €8,721 | €13,019 | +€4,298 | +49.3% |
| Profit (loss) for the period | 9904 | €20,443 | €31,454 | +€11,011 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,443 | €31,454 | +€11,011 | +53.9% |
Next steps
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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 4 November 2026 via checked.be.