SACRO: 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.
SACRO
Largest movements
- Cash -€81,851
down €81,851 (-56.3%), from €145,289 to €63,438
mainly Receivables within one year (-€76,753) and Tax, wage and social debts (-€35,594)
- Receivables within one year +€76,753
up €76,753 (+49.4%), from €155,304 to €232,057
of which Other amounts receivable: +€86,433
- Tangible fixed assets +€17,535
up €17,535 (+5.9%), from €295,486 to €313,021
of which Furniture and vehicles: +€25,500
- Reserves +€73,945
up €73,945 (+6.9%), from €1.1m to €1.1m
- Tax, wage and social debts -€35,594
down €35,594 (-63.1%), from €56,438 to €20,845
of which Taxes: -€32,644
- Debts after one year -€20,472
down €20,472 (-18.6%), from €110,218 to €89,746
- Gross operating margin -€9,699
down €9,699 (-7.7%), from €125,991 to €116,293
- Taxes -€4,495
down €4,495 (-18.6%), from €24,206 to €19,711
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 | €1,693,992 | €1,707,982 | +€13,990 | +0.8% |
| Fixed assets | 21/28 | €1,392,979 | €1,410,514 | +€17,535 | +1.3% |
| Tangible fixed assets | 22/27 | €295,486 | €313,021 | +€17,535 | +5.9% |
| Land and buildings | 22 | €285,801 | €277,836 | -€7,965 | -2.8% |
| Furniture and vehicles | 24 | €9,686 | €35,186 | +€25,500 | +263.3% |
| Financial fixed assets | 28 | €1,097,492 | €1,097,492 | = | 0.0% |
| Current assets | 29/58 | €301,013 | €297,468 | -€3,545 | -1.2% |
| Amounts receivable within one year | 40/41 | €155,304 | €232,057 | +€76,753 | +49.4% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100.0% |
| Other amounts receivable | 41 | €145,624 | €232,057 | +€86,433 | +59.4% |
| Cash at bank and in hand | 54/58 | €145,289 | €63,438 | -€81,851 | -56.3% |
| Deferred charges and accrued income | 490/1 | €421 | €1,974 | +€1,553 | +368.9% |
| Total equity and liabilities | 10/49 | €1,693,992 | €1,707,982 | +€13,990 | +0.8% |
| Equity | 10/15 | €1,124,539 | €1,198,484 | +€73,945 | +6.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,074,539 | €1,148,484 | +€73,945 | +6.9% |
| Distributable reserves | 133 | €1,074,539 | €1,148,484 | +€73,945 | +6.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €569,453 | €509,498 | -€59,955 | -10.5% |
| Amounts payable after more than one year | 17 | €110,218 | €89,746 | -€20,472 | -18.6% |
| Financial debts | 170/4 | €110,218 | €89,746 | -€20,472 | -18.6% |
| Amounts payable within one year | 42/48 | €458,239 | €418,756 | -€39,483 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €19,565 | €20,472 | +€907 | +4.6% |
| Trade debts | 44 | €279 | €2 | -€276 | -99.1% |
| Suppliers | 440/4 | €279 | €2 | -€276 | -99.1% |
| Taxes, remuneration and social security | 45 | €56,438 | €20,845 | -€35,594 | -63.1% |
| Taxes | 450/3 | €53,488 | €20,845 | -€32,644 | -61.0% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100.0% |
| Other amounts payable | 47/48 | €381,957 | €377,437 | -€4,521 | -1.2% |
| Accrued charges and deferred income | 492/3 | €996 | €996 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,915 | €11,915 | = | 0.0% |
| Other operating charges | 640/8 | €3,165 | €3,432 | +€267 | +8.5% |
| Gross operating margin | 9900 | €125,991 | €116,293 | -€9,699 | -7.7% |
| Operating profit (loss) | 9901 | €110,911 | €100,945 | -€9,966 | -9.0% |
| Financial charges | 65/66B | €6,848 | €5,789 | -€1,059 | -15.5% |
| Recurring financial charges | 65 | €6,848 | €5,789 | -€1,059 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €104,063 | €95,156 | -€8,907 | -8.6% |
| Income taxes | 67/77 | €24,206 | €19,711 | -€4,495 | -18.6% |
| Profit (loss) for the period | 9904 | €79,857 | €75,445 | -€4,412 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,857 | €75,445 | -€4,412 | -5.5% |
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 2 October 2026 via checked.be.