SADOK: 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.
SADOK
Largest movements
- Tangible fixed assets -€48,760
down €48,760 (-6.5%), from €750,970 to €702,210
of which Other tangible fixed assets: -€299,843
- Receivables after one year -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Current portion of long-term debt -€38,093
down €38,093 (-53.1%), from €71,791 to €33,698
- Debts after one year -€22,043
down €22,043 (-11.8%), from €187,137 to €165,094
- Profit (loss) carried forward -€19,697
down €19,697 (-100.0%), from €19,697 to €0
- Other debts +€15,421
up €15,421 (+16.4%), from €94,118 to €109,539
- Tax, wage and social debts -€10,274
down €10,274 (-30.4%), from €33,807 to €23,532
of which Taxes: -€7,474
- Financial income +€42,148
up €42,148 (+418.8%), from €10,064 to €52,212
- Gross operating margin -€14,425
down €14,425 (-14.6%), from €98,468 to €84,042
- Depreciation -€5,777
down €5,777 (-11.4%), from €50,593 to €44,817
- Taxes +€4,563
up €4,563 (+51.6%), from €8,842 to €13,405
- Financial charges +€1,072
up €1,072 (+6.8%), from €15,696 to €16,768
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €821,857 | €741,791 | -€80,066 | -9.7% |
| Fixed assets | 21/28 | €763,022 | €714,262 | -€48,760 | -6.4% |
| Tangible fixed assets | 22/27 | €750,970 | €702,210 | -€48,760 | -6.5% |
| Land and buildings | 22 | €378,160 | €650,238 | +€272,078 | +71.9% |
| Plant, machinery and equipment | 23 | €2,363 | €1,102 | -€1,261 | -53.4% |
| Furniture and vehicles | 24 | €58,198 | €41,979 | -€16,218 | -27.9% |
| Leasing and similar rights | 25 | €12,407 | €8,891 | -€3,516 | -28.3% |
| Other tangible fixed assets | 26 | €299,843 | €0 | -€299,843 | -100.0% |
| Financial fixed assets | 28 | €12,052 | €12,052 | = | 0.0% |
| Current assets | 29/58 | €58,836 | €27,529 | -€31,306 | -53.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Other amounts receivable | 291 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Amounts receivable within one year | 40/41 | €291 | €137 | -€154 | -53.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €291 | €137 | -€154 | -53.0% |
| Deferred charges and accrued income | 490/1 | €8,545 | €7,392 | -€1,152 | -13.5% |
| Total equity and liabilities | 10/49 | €821,857 | €741,791 | -€80,066 | -9.7% |
| Equity | 10/15 | €389,521 | €363,356 | -€26,165 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,225 | €344,756 | -€6,468 | -1.8% |
| Distributable reserves | 133 | €351,225 | €344,756 | -€6,468 | -1.8% |
| Profit (loss) carried forward | 14 | €19,697 | €0 | -€19,697 | -100.0% |
| Amounts payable | 17/49 | €432,336 | €378,435 | -€53,901 | -12.5% |
| Amounts payable after more than one year | 17 | €187,137 | €165,094 | -€22,043 | -11.8% |
| Financial debts | 170/4 | €187,137 | €165,094 | -€22,043 | -11.8% |
| Amounts payable within one year | 42/48 | €242,700 | €210,841 | -€31,859 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €71,791 | €33,698 | -€38,093 | -53.1% |
| Financial debts | 43 | €19,789 | €19,146 | -€644 | -3.3% |
| Credit institutions | 430/8 | €19,789 | €19,146 | -€644 | -3.3% |
| Trade debts | 44 | €23,195 | €24,926 | +€1,731 | +7.5% |
| Suppliers | 440/4 | €23,195 | €24,926 | +€1,731 | +7.5% |
| Taxes, remuneration and social security | 45 | €33,807 | €23,532 | -€10,274 | -30.4% |
| Taxes | 450/3 | €31,007 | €23,532 | -€7,474 | -24.1% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €94,118 | €109,539 | +€15,421 | +16.4% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,593 | €44,817 | -€5,777 | -11.4% |
| Other operating charges | 640/8 | €6,406 | €7,429 | +€1,023 | +16.0% |
| Gross operating margin | 9900 | €98,468 | €84,042 | -€14,425 | -14.6% |
| Operating profit (loss) | 9901 | €41,468 | €31,797 | -€9,672 | -23.3% |
| Financial income | 75/76B | €10,064 | €52,212 | +€42,148 | +418.8% |
| Recurring financial income | 75 | €10,064 | €52,212 | +€42,148 | +418.8% |
| Financial charges | 65/66B | €15,696 | €16,768 | +€1,072 | +6.8% |
| Recurring financial charges | 65 | €15,696 | €16,768 | +€1,072 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €35,837 | €67,240 | +€31,403 | +87.6% |
| Income taxes | 67/77 | €8,842 | €13,405 | +€4,563 | +51.6% |
| Profit (loss) for the period | 9904 | €26,994 | €53,835 | +€26,841 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,994 | €53,835 | +€26,841 | +99.4% |
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.