SADIMAT: 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.
SADIMAT
Largest movements
- Current investments +€329,898
up €329,898 (+8.9%), from €3.7m to €4.0m
- Cash -€97,112
down €97,112 (-15.2%), from €636,906 to €539,794
mainly Current investments (-€329,898) and Investment in fixed assets (net) (-€95,825)
- Tangible fixed assets -€69,553
down €69,553 (-11.0%), from €630,424 to €560,871
of which Land and buildings: -€38,007
- Profit (loss) carried forward +€242,390
up €242,390 (+16.2%), from €1.5m to €1.7m
- Other debts -€82,235
down €82,235 (-53.4%), from €153,965 to €71,730
- Financial income -€153,335
down €153,335 (-54.2%), from €282,650 to €129,315
- Gross operating margin +€130,409
up €130,409 (+36.4%), from €358,660 to €489,068
- Depreciation -€13,062
down €13,062 (-7.3%), from €178,440 to €165,378
- Taxes -€8,425
down €8,425 (-13.0%), from €64,904 to €56,479
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 | €5,012,299 | €5,173,237 | +€160,937 | +3.2% |
| Fixed assets | 21/28 | €630,509 | €560,956 | -€69,553 | -11.0% |
| Tangible fixed assets | 22/27 | €630,424 | €560,871 | -€69,553 | -11.0% |
| Land and buildings | 22 | €342,684 | €304,677 | -€38,007 | -11.1% |
| Plant, machinery and equipment | 23 | €38,266 | €32,842 | -€5,424 | -14.2% |
| Furniture and vehicles | 24 | €10,824 | €4,692 | -€6,133 | -56.7% |
| Other tangible fixed assets | 26 | €238,650 | €218,660 | -€19,990 | -8.4% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €4,381,791 | €4,612,281 | +€230,490 | +5.3% |
| Amounts receivable within one year | 40/41 | €42,296 | €40,000 | -€2,296 | -5.4% |
| Trade receivables | 40 | €2,296 | - | -€2,296 | |
| Other amounts receivable | 41 | €40,000 | €40,000 | = | 0.0% |
| Current investments | 50/53 | €3,702,589 | €4,032,487 | +€329,898 | +8.9% |
| Cash at bank and in hand | 54/58 | €636,906 | €539,794 | -€97,112 | -15.2% |
| Total equity and liabilities | 10/49 | €5,012,299 | €5,173,237 | +€160,937 | +3.2% |
| Equity | 10/15 | €2,664,692 | €2,907,082 | +€242,390 | +9.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,106,197 | €1,106,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,496,522 | €1,738,912 | +€242,390 | +16.2% |
| Amounts payable | 17/49 | €2,347,607 | €2,266,154 | -€81,453 | -3.5% |
| Amounts payable after more than one year | 17 | €2,149,600 | €2,149,600 | = | 0.0% |
| Financial debts | 170/4 | €2,149,600 | €2,149,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €198,007 | €116,554 | -€81,453 | -41.1% |
| Trade debts | 44 | €15,659 | €19,389 | +€3,731 | +23.8% |
| Suppliers | 440/4 | €15,659 | €19,389 | +€3,731 | +23.8% |
| Taxes, remuneration and social security | 45 | €28,384 | €25,435 | -€2,949 | -10.4% |
| Taxes | 450/3 | €22,745 | €20,041 | -€2,704 | -11.9% |
| Remuneration and social security | 454/9 | €5,639 | €5,394 | -€245 | -4.3% |
| Other amounts payable | 47/48 | €153,965 | €71,730 | -€82,235 | -53.4% |
| Remuneration, social security and pensions | 62 | €39,006 | €39,070 | +€64 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,440 | €165,378 | -€13,062 | -7.3% |
| Other operating charges | 640/8 | €25,110 | €24,309 | -€801 | -3.2% |
| Gross operating margin | 9900 | €358,660 | €489,068 | +€130,409 | +36.4% |
| Operating profit (loss) | 9901 | €116,103 | €260,312 | +€144,208 | +124.2% |
| Financial income | 75/76B | €282,650 | €129,315 | -€153,335 | -54.2% |
| Recurring financial income | 75 | €282,650 | €129,315 | -€153,335 | -54.2% |
| Financial charges | 65/66B | €86,660 | €90,758 | +€4,098 | +4.7% |
| Recurring financial charges | 65 | €86,660 | €90,758 | +€4,098 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €312,093 | €298,869 | -€13,224 | -4.2% |
| Income taxes | 67/77 | €64,904 | €56,479 | -€8,425 | -13.0% |
| Profit (loss) for the period | 9904 | €247,190 | €242,390 | -€4,799 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €247,190 | €242,390 | -€4,799 | -1.9% |
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 6 October 2026 via checked.be.