SAHIKA IMMO: 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.
SAHIKA IMMO
Largest movements
- Tangible fixed assets -€69,344
down €69,344 (-6.4%), from €1.1m to €1.0m
of which Land and buildings: -€68,156
- Cash -€34,874
down €34,874 (-86.8%), from €40,156 to €5,282
mainly Debts after one year (-€166,750) and Trade debts (-€10,967)
- Debts after one year -€166,750
down €166,750 (-25.3%), from €658,219 to €491,469
of which Financial debts: -€182,606
- Profit (loss) carried forward +€75,364
up €75,364 (+14.4%), from €521,958 to €597,322
- Gross operating margin +€120,188
up €120,188 (+110%), from €109,258 to €229,445
- Taxes +€27,434
up €27,434, from €0 to €27,434
- Other operating charges +€5,628
up €5,628 (+21.3%), from €26,455 to €32,083
- Financial charges -€2,723
down €2,723 (-9.7%), from €27,986 to €25,263
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 | €1,891,327 | €1,788,151 | -€103,176 | -5.5% |
| Formation expenses | 20 | €30,389 | €30,389 | = | 0.0% |
| Fixed assets | 21/28 | €1,786,186 | €1,716,843 | -€69,344 | -3.9% |
| Tangible fixed assets | 22/27 | €1,086,186 | €1,016,843 | -€69,344 | -6.4% |
| Land and buildings | 22 | €1,075,500 | €1,007,344 | -€68,156 | -6.3% |
| Plant, machinery and equipment | 23 | €10,686 | €9,499 | -€1,187 | -11.1% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €74,752 | €40,919 | -€33,833 | -45.3% |
| Amounts receivable within one year | 40/41 | €855 | €855 | = | 0.0% |
| Other amounts receivable | 41 | €855 | €855 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,156 | €5,282 | -€34,874 | -86.8% |
| Deferred charges and accrued income | 490/1 | €33,741 | €34,782 | +€1,041 | +3.1% |
| Total equity and liabilities | 10/49 | €1,891,327 | €1,788,151 | -€103,176 | -5.5% |
| Equity | 10/15 | €951,667 | €1,027,031 | +€75,364 | +7.9% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €9,709 | €9,709 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,709 | €9,709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €521,958 | €597,322 | +€75,364 | +14.4% |
| Amounts payable | 17/49 | €939,660 | €761,120 | -€178,540 | -19.0% |
| Amounts payable after more than one year | 17 | €658,219 | €491,469 | -€166,750 | -25.3% |
| Financial debts | 170/4 | €507,986 | €325,380 | -€182,606 | -35.9% |
| Other amounts payable | 178/9 | €150,233 | €166,089 | +€15,856 | +10.6% |
| Amounts payable within one year | 42/48 | €281,442 | €269,651 | -€11,791 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €193,742 | €196,040 | +€2,299 | +1.2% |
| Trade debts | 44 | €41,936 | €30,969 | -€10,967 | -26.2% |
| Suppliers | 440/4 | €41,936 | €30,969 | -€10,967 | -26.2% |
| Taxes, remuneration and social security | 45 | €30,556 | €27,434 | -€3,122 | -10.2% |
| Taxes | 450/3 | €30,556 | €27,434 | -€3,122 | -10.2% |
| Other amounts payable | 47/48 | €15,208 | €15,208 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,344 | €69,344 | = | 0.0% |
| Other operating charges | 640/8 | €26,455 | €32,083 | +€5,628 | +21.3% |
| Gross operating margin | 9900 | €109,258 | €229,445 | +€120,188 | +110% |
| Operating profit (loss) | 9901 | €13,459 | €128,019 | +€114,560 | +851% |
| Financial income | 75/76B | €3 | €42 | +€39 | +1,282% |
| Recurring financial income | 75 | €3 | €42 | +€39 | +1,282% |
| Financial charges | 65/66B | €27,986 | €25,263 | -€2,723 | -9.7% |
| Recurring financial charges | 65 | €27,986 | €25,263 | -€2,723 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,524 | €102,798 | +€117,322 | |
| Income taxes | 67/77 | €0 | €27,434 | +€27,434 | |
| Profit (loss) for the period | 9904 | -€14,524 | €75,364 | +€89,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,524 | €75,364 | +€89,888 |
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 21 October 2026 via checked.be.