SACRE: 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.
What changed
SACRE
NACE 69.103, Activities of bailiffs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€673,057
2024 · €85,372+€587,685
Equity
€7.6m
2024 · €6.9m+€673,057
Cash
€751,344
2024 · €584,408+€166,936
Balance sheet total
€30.1m
2024 · €33.6m-€3.4m
Largest movements
Assets
- Receivables within one year -€1.9m
down €1.9m (-89.9%), from €2.1m to €214,390
of which Other amounts receivable: -€2.0m
- Tangible fixed assets -€1.2m
down €1.2m (-4.3%), from €27.3m to €26.2m
of which Land and buildings: -€1.3m
- Current investments -€500,000
down €500,000 (-33.3%), from €1.5m to €1.0m
Equity and liabilities
- Current portion of long-term debt -€6.8m
down €6.8m (-81.0%), from €8.4m to €1.6m
- Debts after one year +€5.3m
up €5.3m (+42.0%), from €12.5m to €17.8m
- Other debts -€2.3m
down €2.3m (-57.5%), from €3.9m to €1.7m
- Reserves +€673,057
up €673,057 (+10.6%), from €6.3m to €7.0m
of which Distributable reserves: +€817,411
Income statement
- Gross operating margin +€617,697
up €617,697 (+22.5%), from €2.7m to €3.4m
- Financial charges -€210,294
down €210,294 (-23.3%), from €902,895 to €692,601
of which Financial charges: -€210,293
- Taxes +€156,439
up €156,439 (+110%), from €142,799 to €299,237
- Financial income -€48,955
down €48,955 (-47.9%), from €102,211 to €53,256
of which Financial income: -€66,531
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.
Result 2024
€85,372
Gross operating margin
+€617,697
Depreciation
-€2,491
Other operating charges
-€805
Other operating items
-€31,617
Financial income
-€48,955
Financial charges
+€210,294
Taxes
-€156,439
Result 2025
€673,057
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
+€129,596
Financing
-€1.6m
Cash 2024
€584,408
From operations (derived)
+€1.6m
Net result for the year
+€673,057
Depreciation
+€1.5m
Receivables within one year
+€1.9m
Deferred charges and accrued income
+€42,587
Provisions
-€97,105
Trade debts
-€96,069
Smaller working-capital items
+€9,248
Other debts
-€2.3m
Accrued charges and deferred income
-€118,649
Investment (derived)
+€129,596
Investment in fixed assets (net)
-€370,404
Current investments
+€500,000
Financing
-€1.6m
Debts after one year
+€5.3m
Current portion of long-term debt
-€6.8m
Cash 2025
€751,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,576,525 | €30,130,996 | -€3.4m | -10.3% |
| Fixed assets | 21/28 | €29,310,880 | €28,141,751 | -€1.2m | -4.0% |
| Tangible fixed assets | 22/27 | €27,327,435 | €26,158,306 | -€1.2m | -4.3% |
| Land and buildings | 22 | €26,458,161 | €25,164,864 | -€1.3m | -4.9% |
| Plant, machinery and equipment | 23 | €5,173 | €5,173 | = | 0.0% |
| Furniture and vehicles | 24 | €483,157 | €445,768 | -€37,389 | -7.7% |
| Other tangible fixed assets | 26 | €380,945 | €542,501 | +€161,556 | +42.4% |
| Financial fixed assets | 28 | €1,983,445 | €1,983,445 | = | 0.0% |
| Current assets | 29/58 | €4,265,645 | €1,989,244 | -€2.3m | -53.4% |
| Amounts receivable within one year | 40/41 | €2,115,140 | €214,390 | -€1.9m | -89.9% |
| Trade receivables | 40 | - | €97,794 | +€97,794 | |
| Other amounts receivable | 41 | €2,115,140 | €116,595 | -€2.0m | -94.5% |
| Current investments | 50/53 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €584,408 | €751,344 | +€166,936 | +28.6% |
| Deferred charges and accrued income | 490/1 | €66,097 | €23,510 | -€42,587 | -64.4% |
| Total equity and liabilities | 10/49 | €33,576,525 | €30,130,996 | -€3.4m | -10.3% |
| Equity | 10/15 | €6,892,166 | €7,565,223 | +€673,057 | +9.8% |
| Contributions | 10/11 | €546,605 | €546,605 | = | 0.0% |
| Capital | 10 | €546,605 | €546,605 | = | 0.0% |
| Issued capital | 100 | €546,605 | €546,605 | = | 0.0% |
| Reserves | 13 | €6,345,561 | €7,018,617 | +€673,057 | +10.6% |
| Non-distributable reserves | 130/1 | €54,661 | €54,661 | = | 0.0% |
| Legal reserve | 130 | €54,661 | €54,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,013,474 | €1,869,120 | -€144,354 | -7.2% |
| Distributable reserves | 133 | €4,277,426 | €5,094,837 | +€817,411 | +19.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €1,248,388 | €1,151,284 | -€97,105 | -7.8% |
| Provisions for liabilities and charges | 160/5 | €577,230 | €528,244 | -€48,986 | -8.5% |
| Other liabilities and charges | 164/5 | €577,230 | €528,244 | -€48,986 | -8.5% |
| Deferred taxes | 168 | €671,158 | €623,040 | -€48,118 | -7.2% |
| Amounts payable | 17/49 | €25,435,971 | €21,414,489 | -€4.0m | -15.8% |
| Amounts payable after more than one year | 17 | €12,529,558 | €17,790,167 | +€5.3m | +42.0% |
| Financial debts | 170/4 | €12,529,558 | €17,790,167 | +€5.3m | +42.0% |
| Amounts payable within one year | 42/48 | €12,604,502 | €3,441,061 | -€9.2m | -72.7% |
| Current portion of amounts payable after more than one year | 42 | €8,419,869 | €1,597,475 | -€6.8m | -81.0% |
| Trade debts | 44 | €102,789 | €6,720 | -€96,069 | -93.5% |
| Suppliers | 440/4 | €102,789 | €6,720 | -€96,069 | -93.5% |
| Advances received on contracts in progress | 46 | €15,000 | €25,630 | +€10,630 | +70.9% |
| Taxes, remuneration and social security | 45 | €148,557 | €147,176 | -€1,382 | -0.9% |
| Taxes | 450/3 | €148,557 | €147,176 | -€1,382 | -0.9% |
| Other amounts payable | 47/48 | €3,918,286 | €1,664,061 | -€2.3m | -57.5% |
| Accrued charges and deferred income | 492/3 | €301,911 | €183,262 | -€118,649 | -39.3% |
| Non-recurring operating income | 76A | €24,970 | €485,055 | +€460,085 | +1,843% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537,042 | €1,539,532 | +€2,491 | +0.2% |
| Other operating charges | 640/8 | €221,679 | €222,484 | +€805 | +0.4% |
| Non-recurring operating charges | 66A | - | €31,617 | +€31,617 | |
| Gross operating margin | 9900 | €2,739,457 | €3,357,154 | +€617,697 | +22.5% |
| Operating profit (loss) | 9901 | €980,736 | €1,563,521 | +€582,785 | +59.4% |
| Financial income | 75/76B | €102,211 | €53,256 | -€48,955 | -47.9% |
| Recurring financial income | 75 | €102,197 | €35,666 | -€66,531 | -65.1% |
| Non-recurring financial income | 76B | €14 | €17,590 | +€17,576 | +126,358% |
| Financial charges | 65/66B | €902,895 | €692,601 | -€210,294 | -23.3% |
| Recurring financial charges | 65 | €902,894 | €692,601 | -€210,293 | -23.3% |
| Non-recurring financial charges | 66B | €1 | €0 | -€1 | -100% |
| Profit (loss) for the period before taxes | 9903 | €180,052 | €924,176 | +€744,124 | +413% |
| Transfer from deferred taxes | 780 | €48,118 | €48,118 | = | 0.0% |
| Income taxes | 67/77 | €142,799 | €299,237 | +€156,439 | +110% |
| Profit (loss) for the period | 9904 | €85,372 | €673,057 | +€587,685 | +688% |
| Transfer from tax-exempt reserves | 789 | €144,354 | €144,354 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €229,726 | €817,411 | +€587,685 | +256% |
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 14 October 2026 via checked.be.