SACS.AS: what changed
SACS.AS
Largest movements
- Financial fixed assets -€3,900
down €3,900 (-100%), from €3,900 to €0
- Receivables within one year -€3,073
down €3,073 (-27.9%), from €11,010 to €7,937
of which Trade receivables: -€5,330
- Cash -€2,895
down €2,895 (-65.8%), from €4,399 to €1,504
mainly Trade debts (-€36,398) and Deferred charges and accrued income (-€691)
- Tangible fixed assets -€1,298
down €1,298 (-23.2%), from €5,598 to €4,300
of which Furniture and vehicles: -€1,048
- Deferred charges and accrued income +€691
new in 2025: €691
- Trade debts -€36,398
down €36,398 (-97.2%), from €37,443 to €1,045
- Other debts +€25,374
up €25,374 (+283%), from €8,980 to €34,354
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Profit (loss) carried forward +€550
up €550 (+1.9%), from -€29,576 to -€29,027
- Gross operating margin +€2,050
up €2,050 (+469%), from €437 to €2,487
- Depreciation +€1,298
new in 2025: €1,298
- Staff costs -€665
no longer reported in 2025 (was €665)
- Other operating charges -€574
down €574 (-50.4%), from €1,138 to €564
- Financial charges +€29
up €29 (+62.7%), from €46 to €75
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,907 | €14,432 | -€10,475 | -42.1% |
| Fixed assets | 21/28 | €9,498 | €4,300 | -€5,198 | -54.7% |
| Tangible fixed assets | 22/27 | €5,598 | €4,300 | -€1,298 | -23.2% |
| Furniture and vehicles | 24 | €4,848 | €3,800 | -€1,048 | -21.6% |
| Leasing and similar rights | 25 | €750 | €500 | -€250 | -33.3% |
| Financial fixed assets | 28 | €3,900 | €0 | -€3,900 | -100% |
| Current assets | 29/58 | €15,409 | €10,132 | -€5,277 | -34.2% |
| Amounts receivable within one year | 40/41 | €11,010 | €7,937 | -€3,073 | -27.9% |
| Trade receivables | 40 | €8,690 | €3,360 | -€5,330 | -61.3% |
| Other amounts receivable | 41 | €2,320 | €4,577 | +€2,257 | +97.3% |
| Cash at bank and in hand | 54/58 | €4,399 | €1,504 | -€2,895 | -65.8% |
| Deferred charges and accrued income | 490/1 | - | €691 | +€691 | |
| Total equity and liabilities | 10/49 | €24,907 | €14,432 | -€10,475 | -42.1% |
| Equity | 10/15 | -€21,516 | -€20,967 | +€550 | +2.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€29,576 | -€29,027 | +€550 | +1.9% |
| Amounts payable | 17/49 | €46,423 | €35,399 | -€11,024 | -23.7% |
| Amounts payable within one year | 42/48 | €46,423 | €35,399 | -€11,024 | -23.7% |
| Trade debts | 44 | €37,443 | €1,045 | -€36,398 | -97.2% |
| Suppliers | 440/4 | €37,443 | €1,045 | -€36,398 | -97.2% |
| Other amounts payable | 47/48 | €8,980 | €34,354 | +€25,374 | +283% |
| Remuneration, social security and pensions | 62 | €665 | - | -€665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,298 | +€1,298 | |
| Other operating charges | 640/8 | €1,138 | €564 | -€574 | -50.4% |
| Gross operating margin | 9900 | €437 | €2,487 | +€2,050 | +469% |
| Operating profit (loss) | 9901 | -€1,366 | €625 | +€1,991 | |
| Financial charges | 65/66B | €46 | €75 | +€29 | +62.7% |
| Recurring financial charges | 65 | €46 | €75 | +€29 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,413 | €550 | +€1,962 | |
| Profit (loss) for the period | 9904 | -€1,413 | €550 | +€1,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,413 | €550 | +€1,962 |
Next steps
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 2 November 2026 via checked.be.