SACRE: 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.
SACRE
Largest movements
- Receivables within one year +€18,190
up €18,190 (+210.9%), from €8,624 to €26,814
of which Trade receivables: +€11,793
- Tangible fixed assets -€14,369
down €14,369 (-6.8%), from €212,751 to €198,382
of which Land and buildings: -€8,499
- Cash -€14,162
down €14,162 (-41.3%), from €34,325 to €20,163
mainly Contributions, distributions and other (-€158,311) and Receivables within one year (-€18,190)
- Debts after one year -€8,691
down €8,691 (-25.0%), from €34,710 to €26,019
of which Financial debts: -€8,691
- Profit (loss) carried forward +€5,328
up €5,328 (+3.4%), from €158,311 to €163,640
- Accrued charges and deferred income -€3,983
down €3,983 (-51.9%), from €7,679 to €3,696
- Other debts -€2,981
down €2,981 (-100.0%), from €2,981 to €0
- Gross operating margin +€6,553
up €6,553 (+3.7%), from €178,727 to €185,280
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.
Cash bridge derived
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 | €261,793 | €250,983 | -€10,810 | -4.1% |
| Fixed assets | 21/28 | €217,956 | €203,587 | -€14,369 | -6.6% |
| Tangible fixed assets | 22/27 | €212,751 | €198,382 | -€14,369 | -6.8% |
| Land and buildings | 22 | €198,906 | €190,407 | -€8,499 | -4.3% |
| Plant, machinery and equipment | 23 | €7,378 | €5,007 | -€2,371 | -32.1% |
| Furniture and vehicles | 24 | €5,379 | €2,197 | -€3,182 | -59.2% |
| Other tangible fixed assets | 26 | €1,087 | €770 | -€317 | -29.2% |
| Financial fixed assets | 28 | €5,206 | €5,206 | = | 0.0% |
| Current assets | 29/58 | €43,837 | €47,395 | +€3,559 | +8.1% |
| Amounts receivable within one year | 40/41 | €8,624 | €26,814 | +€18,190 | +210.9% |
| Trade receivables | 40 | €4,913 | €16,706 | +€11,793 | +240.1% |
| Other amounts receivable | 41 | €3,711 | €10,107 | +€6,397 | +172.4% |
| Cash at bank and in hand | 54/58 | €34,325 | €20,163 | -€14,162 | -41.3% |
| Deferred charges and accrued income | 490/1 | €888 | €418 | -€470 | -52.9% |
| Total equity and liabilities | 10/49 | €261,793 | €250,983 | -€10,810 | -4.1% |
| Equity | 10/15 | €201,831 | €207,159 | +€5,328 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,119 | €31,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,260 | €29,260 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,311 | €163,640 | +€5,328 | +3.4% |
| Amounts payable | 17/49 | €59,963 | €43,824 | -€16,139 | -26.9% |
| Amounts payable after more than one year | 17 | €34,710 | €26,019 | -€8,691 | -25.0% |
| Financial debts | 170/4 | €29,504 | €20,813 | -€8,691 | -29.5% |
| Other amounts payable | 178/9 | €5,206 | €5,206 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,573 | €14,109 | -€3,465 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €8,365 | €8,691 | +€326 | +3.9% |
| Trade debts | 44 | €2,594 | €1,884 | -€710 | -27.4% |
| Suppliers | 440/4 | €2,594 | €1,884 | -€710 | -27.4% |
| Taxes, remuneration and social security | 45 | €3,633 | €3,534 | -€99 | -2.7% |
| Taxes | 450/3 | €3,633 | €3,534 | -€99 | -2.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,981 | €0 | -€2,981 | -100.0% |
| Accrued charges and deferred income | 492/3 | €7,679 | €3,696 | -€3,983 | -51.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,697 | €14,369 | +€672 | +4.9% |
| Other operating charges | 640/8 | €4,741 | €4,812 | +€71 | +1.5% |
| Gross operating margin | 9900 | €178,727 | €185,280 | +€6,553 | +3.7% |
| Operating profit (loss) | 9901 | €160,288 | €166,099 | +€5,811 | +3.6% |
| Financial income | 75/76B | €0 | €372 | +€372 | +3717100.0% |
| Recurring financial income | 75 | €0 | €372 | +€372 | +3717100.0% |
| Financial charges | 65/66B | €1,977 | €1,697 | -€280 | -14.1% |
| Recurring financial charges | 65 | €1,977 | €1,697 | -€280 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €158,311 | €164,774 | +€6,462 | +4.1% |
| Income taxes | 67/77 | €0 | €1,134 | +€1,134 | |
| Profit (loss) for the period | 9904 | €158,311 | €163,640 | +€5,328 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,311 | €163,640 | +€5,328 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.