SADO: 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.
SADO
Largest movements
- Receivables within one year +€122,019
up €122,019 (+470%), from €25,982 to €148,002
of which Other amounts receivable: +€128,043
- Cash -€29,388
down €29,388 (-88.2%), from €33,319 to €3,930
- Stocks and contracts -€17,191
down €17,191 (-32.5%), from €52,878 to €35,688
- Intangible fixed assets -€4,053
down €4,053 (-84.4%), from €4,800 to €747
- Deferred charges and accrued income -€2,814
no longer reported in 2024 (was €2,814)
- Profit (loss) carried forward +€131,718
up €131,718, from -€10,217 to €121,502
- Trade debts -€59,710
down €59,710 (-93.5%), from €63,893 to €4,183
- Tax, wage and social debts -€10,678
down €10,678 (-61.5%), from €17,375 to €6,696
- Short-term financial debts +€7,070
new in 2024: €7,070
- Gross operating margin +€74,178
up €74,178, from -€39,388 to €34,790
- Taxes +€18,023
new in 2024: €18,023
- Staff costs +€13,872
new in 2024: €13,872
- Other operating charges -€13,153
down €13,153 (-83.8%), from €15,695 to €2,543
- Financial income +€8,941
new in 2024: €8,941
From the 2021 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,451 | €198,851 | +€68,400 | +52.4% |
| Formation expenses | 20 | €51 | - | -€51 | |
| Fixed assets | 21/28 | €15,406 | €11,231 | -€4,174 | -27.1% |
| Intangible fixed assets | 21 | €4,800 | €747 | -€4,053 | -84.4% |
| Tangible fixed assets | 22/27 | €8,626 | €8,505 | -€121 | -1.4% |
| Furniture and vehicles | 24 | €8,626 | €8,505 | -€121 | -1.4% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €114,994 | €187,620 | +€72,626 | +63.2% |
| Stocks and contracts in progress | 3 | €52,878 | €35,688 | -€17,191 | -32.5% |
| Stocks | 30/36 | €52,878 | €35,688 | -€17,191 | -32.5% |
| Amounts receivable within one year | 40/41 | €25,982 | €148,002 | +€122,019 | +470% |
| Trade receivables | 40 | €6,024 | - | -€6,024 | |
| Other amounts receivable | 41 | €19,958 | €148,002 | +€128,043 | +642% |
| Cash at bank and in hand | 54/58 | €33,319 | €3,930 | -€29,388 | -88.2% |
| Deferred charges and accrued income | 490/1 | €2,814 | - | -€2,814 | |
| Total equity and liabilities | 10/49 | €130,451 | €198,851 | +€68,400 | +52.4% |
| Equity | 10/15 | €10,683 | €142,402 | +€131,718 | +1,233% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,217 | €121,502 | +€131,718 | |
| Provisions and deferred taxes | 16 | €38,500 | €38,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,500 | €38,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €12,000 | €12,000 | = | 0.0% |
| Environmental obligations | 163 | €26,500 | €26,500 | = | 0.0% |
| Amounts payable | 17/49 | €81,268 | €17,949 | -€63,318 | -77.9% |
| Amounts payable within one year | 42/48 | €81,268 | €17,949 | -€63,318 | -77.9% |
| Financial debts | 43 | - | €7,070 | +€7,070 | |
| Credit institutions | 430/8 | - | €7,070 | +€7,070 | |
| Trade debts | 44 | €63,893 | €4,183 | -€59,710 | -93.5% |
| Suppliers | 440/4 | €63,893 | €4,183 | -€59,710 | -93.5% |
| Taxes, remuneration and social security | 45 | €17,375 | €6,696 | -€10,678 | -61.5% |
| Taxes | 450/3 | €17,375 | €6,696 | -€10,678 | -61.5% |
| Remuneration, social security and pensions | 62 | - | €13,872 | +€13,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,710 | +€4,710 | |
| Other operating charges | 640/8 | €15,695 | €2,543 | -€13,153 | -83.8% |
| Gross operating margin | 9900 | -€39,388 | €34,790 | +€74,178 | |
| Operating profit (loss) | 9901 | -€55,083 | €13,665 | +€68,749 | |
| Financial income | 75/76B | - | €8,941 | +€8,941 | |
| Recurring financial income | 75 | - | €8,941 | +€8,941 | |
| Financial charges | 65/66B | - | €8,599 | +€8,599 | |
| Recurring financial charges | 65 | - | €8,599 | +€8,599 | |
| Profit (loss) for the period before taxes | 9903 | -€55,083 | €14,007 | +€69,090 | |
| Income taxes | 67/77 | - | €18,023 | +€18,023 | |
| Profit (loss) for the period | 9904 | -€55,083 | -€4,016 | +€51,067 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,083 | -€4,016 | +€51,067 | +92.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.