SADUCOM: 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.
SADUCOM
Largest movements
- Receivables after one year -€91,963
down €91,963 (-70.1%), from €131,271 to €39,308
- Receivables within one year +€89,208
new in 2024: €89,208
- Cash -€30,354
down €30,354 (-99.5%), from €30,499 to €144
mainly Receivables within one year (-€89,208) and Net result for the year (-€35,788)
- Reserves -€35,788
down €35,788 (-13.4%), from €267,220 to €231,432
of which Distributable reserves: -€35,788
- Tax, wage and social debts -€4,791
down €4,791 (-17.9%), from €26,836 to €22,044
- Short-term financial debts +€4,739
new in 2024: €4,739
- Gross operating margin -€231,102
down €231,102, from €208,686 to -€22,416
- Taxes -€21,768
down €21,768 (-99.4%), from €21,906 to €138
- Financial charges +€11,936
up €11,936 (+217.6%), from €5,484 to €17,420
of which Non-recurring financial charges: +€15,915
- Other operating charges -€2,123
down €2,123 (-66.3%), from €3,201 to €1,078
From the 2023 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,327 | €333,251 | -€34,076 | -9.3% |
| Fixed assets | 21/28 | €204,200 | €204,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €204,200 | €204,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €204,200 | €204,200 | = | 0.0% |
| Current assets | 29/58 | €163,127 | €129,051 | -€34,076 | -20.9% |
| Amounts receivable after more than one year | 29 | €131,271 | €39,308 | -€91,963 | -70.1% |
| Other amounts receivable | 291 | €131,271 | €39,308 | -€91,963 | -70.1% |
| Amounts receivable within one year | 40/41 | - | €89,208 | +€89,208 | |
| Other amounts receivable | 41 | - | €89,208 | +€89,208 | |
| Cash at bank and in hand | 54/58 | €30,499 | €144 | -€30,354 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,357 | €391 | -€966 | -71.2% |
| Total equity and liabilities | 10/49 | €367,327 | €333,251 | -€34,076 | -9.3% |
| Equity | 10/15 | €285,812 | €250,024 | -€35,788 | -12.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €267,220 | €231,432 | -€35,788 | -13.4% |
| Tax-exempt reserves | 132 | €159,757 | €159,757 | = | 0.0% |
| Distributable reserves | 133 | €107,463 | €71,675 | -€35,788 | -33.3% |
| Provisions and deferred taxes | 16 | €53,252 | €53,252 | = | 0.0% |
| Deferred taxes | 168 | €53,252 | €53,252 | = | 0.0% |
| Amounts payable | 17/49 | €28,262 | €29,974 | +€1,712 | +6.1% |
| Amounts payable within one year | 42/48 | €28,262 | €29,974 | +€1,712 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €823 | - | -€823 | |
| Financial debts | 43 | - | €4,739 | +€4,739 | |
| Credit institutions | 430/8 | - | €4,739 | +€4,739 | |
| Trade debts | 44 | €604 | €3,191 | +€2,587 | +428.3% |
| Suppliers | 440/4 | €604 | €3,191 | +€2,587 | +428.3% |
| Taxes, remuneration and social security | 45 | €26,836 | €22,044 | -€4,791 | -17.9% |
| Taxes | 450/3 | €26,836 | €22,044 | -€4,791 | -17.9% |
| Non-recurring operating income | 76A | €225,764 | - | -€225,764 | |
| Other operating charges | 640/8 | €3,201 | €1,078 | -€2,123 | -66.3% |
| Gross operating margin | 9900 | €208,686 | -€22,416 | -€231,102 | |
| Operating profit (loss) | 9901 | €205,486 | -€23,494 | -€228,980 | |
| Financial income | 75/76B | €5,684 | €5,264 | -€420 | -7.4% |
| Recurring financial income | 75 | €5,684 | €5,264 | -€420 | -7.4% |
| Financial charges | 65/66B | €5,484 | €17,420 | +€11,936 | +217.6% |
| Recurring financial charges | 65 | €5,484 | €1,505 | -€3,979 | -72.6% |
| Non-recurring financial charges | 66B | - | €15,915 | +€15,915 | |
| Profit (loss) for the period before taxes | 9903 | €205,685 | -€35,650 | -€241,335 | |
| Transfer from deferred taxes | 780 | €20,461 | - | -€20,461 | |
| Transfer to deferred taxes | 680 | €53,252 | - | -€53,252 | |
| Income taxes | 67/77 | €21,906 | €138 | -€21,768 | -99.4% |
| Profit (loss) for the period | 9904 | €150,987 | -€35,788 | -€186,775 | |
| Transfer from tax-exempt reserves | 789 | €46,093 | - | -€46,093 | |
| Transfer to tax-exempt reserves | 689 | €159,757 | - | -€159,757 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,323 | -€35,788 | -€73,111 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.