SAD&CO: 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.
SAD&CO
Largest movements
- Receivables within one year +€4,141
up €4,141 (+18.3%), from €22,669 to €26,809
of which Other amounts receivable: +€9,696
- Reserves +€3,000
up €3,000 (+37.5%), from €8,000 to €11,000
- Profit (loss) carried forward +€939
up €939 (+48.3%), from €1,945 to €2,884
- Gross operating margin +€1,953
up €1,953 (+42.7%), from €4,574 to €6,526
- Taxes +€1,293
up €1,293 (+118%), from €1,100 to €2,393
- Other operating charges +€121
new in 2025: €121
- Financial income -€70
no longer reported in 2025 (was €70)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,046 | €27,166 | +€4,120 | +17.9% |
| Current assets | 29/58 | €23,046 | €27,166 | +€4,120 | +17.9% |
| Amounts receivable within one year | 40/41 | €22,669 | €26,809 | +€4,141 | +18.3% |
| Trade receivables | 40 | €19,400 | €13,844 | -€5,556 | -28.6% |
| Other amounts receivable | 41 | €3,269 | €12,965 | +€9,696 | +297% |
| Cash at bank and in hand | 54/58 | €377 | €356 | -€20 | -5.4% |
| Total equity and liabilities | 10/49 | €23,046 | €27,166 | +€4,120 | +17.9% |
| Equity | 10/15 | €14,945 | €18,884 | +€3,939 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €11,000 | +€3,000 | +37.5% |
| Distributable reserves | 133 | €8,000 | €11,000 | +€3,000 | +37.5% |
| Profit (loss) carried forward | 14 | €1,945 | €2,884 | +€939 | +48.3% |
| Amounts payable | 17/49 | €8,101 | €8,282 | +€181 | +2.2% |
| Amounts payable within one year | 42/48 | €8,101 | €8,282 | +€181 | +2.2% |
| Trade debts | 44 | €4,756 | €4,789 | +€32 | +0.7% |
| Suppliers | 440/4 | €4,756 | €4,789 | +€32 | +0.7% |
| Taxes, remuneration and social security | 45 | €3,344 | €3,493 | +€149 | +4.4% |
| Taxes | 450/3 | €3,344 | €3,493 | +€149 | +4.4% |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €4,574 | €6,526 | +€1,953 | +42.7% |
| Operating profit (loss) | 9901 | €4,574 | €6,405 | +€1,832 | +40.0% |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €77 | €73 | -€4 | -4.6% |
| Recurring financial charges | 65 | €77 | €73 | -€4 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €4,567 | €6,332 | +€1,765 | +38.6% |
| Income taxes | 67/77 | €1,100 | €2,393 | +€1,293 | +118% |
| Profit (loss) for the period | 9904 | €3,467 | €3,939 | +€472 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,467 | €3,939 | +€472 | +13.6% |
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 15 October 2026 via checked.be.