SAHIN: 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.
SAHIN
Largest movements
- Receivables within one year -€67,292
down €67,292 (-55.6%), from €121,097 to €53,805
of which Trade receivables: -€67,855
- Cash -€26,649
down €26,649 (-73.0%), from €36,481 to €9,833
- Stocks and contracts -€11,965
down €11,965 (-10.3%), from €115,807 to €103,841
- Tangible fixed assets -€10,015
down €10,015 (-20.2%), from €49,467 to €39,452
of which Land and buildings: -€5,625
- Profit (loss) carried forward -€127,745
down €127,745 (-116.0%), from -€110,130 to -€237,875
- Trade debts -€71,087
down €71,087 (-46.7%), from €152,150 to €81,063
- Other debts +€45,322
up €45,322 (+20.3%), from €222,817 to €268,139
- Tax, wage and social debts +€29,150
up €29,150 (+808.7%), from €3,604 to €32,754
of which Remuneration and social security: +€29,777
- Short-term financial debts +€8,621
up €8,621 (+46698.4%), from €18 to €8,639
- Staff costs +€25,689
up €25,689 (+87.9%), from €29,224 to €54,913
- Depreciation -€10,204
down €10,204 (-66.5%), from €15,348 to €5,145
- Gross operating margin +€9,121
up €9,121 (+39.1%), from €23,343 to €32,464
- Other operating charges +€6,304
up €6,304 (+117.8%), from €5,352 to €11,657
- Financial charges +€953
up €953 (+40.2%), from €2,371 to €3,324
From the 2022 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
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 | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,909 | €219,478 | -€116,431 | -34.7% |
| Fixed assets | 21/28 | €61,630 | €51,999 | -€9,631 | -15.6% |
| Tangible fixed assets | 22/27 | €49,467 | €39,452 | -€10,015 | -20.2% |
| Land and buildings | 22 | €39,994 | €34,369 | -€5,625 | -14.1% |
| Plant, machinery and equipment | 23 | €4,500 | €4,500 | = | 0.0% |
| Furniture and vehicles | 24 | €4,973 | €583 | -€4,390 | -88.3% |
| Financial fixed assets | 28 | €12,163 | €12,548 | +€385 | +3.2% |
| Current assets | 29/58 | €274,280 | €167,479 | -€106,801 | -38.9% |
| Stocks and contracts in progress | 3 | €115,807 | €103,841 | -€11,965 | -10.3% |
| Stocks | 30/36 | €115,807 | €103,841 | -€11,965 | -10.3% |
| Amounts receivable within one year | 40/41 | €121,097 | €53,805 | -€67,292 | -55.6% |
| Trade receivables | 40 | €121,097 | €53,242 | -€67,855 | -56.0% |
| Other amounts receivable | 41 | - | €563 | +€563 | |
| Cash at bank and in hand | 54/58 | €36,481 | €9,833 | -€26,649 | -73.0% |
| Deferred charges and accrued income | 490/1 | €894 | - | -€894 | |
| Total equity and liabilities | 10/49 | €335,909 | €219,478 | -€116,431 | -34.7% |
| Equity | 10/15 | -€49,534 | -€177,279 | -€127,745 | -257.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €42,004 | €42,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €36,845 | €36,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,130 | -€237,875 | -€127,745 | -116.0% |
| Amounts payable | 17/49 | €385,443 | €396,757 | +€11,314 | +2.9% |
| Amounts payable after more than one year | 17 | €1,045 | - | -€1,045 | |
| Financial debts | 170/4 | €1,045 | - | -€1,045 | |
| Amounts payable within one year | 42/48 | €382,730 | €390,942 | +€8,212 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €4,141 | €348 | -€3,794 | -91.6% |
| Financial debts | 43 | €18 | €8,639 | +€8,621 | +46698.4% |
| Credit institutions | 430/8 | €18 | €8,639 | +€8,621 | +46698.4% |
| Trade debts | 44 | €152,150 | €81,063 | -€71,087 | -46.7% |
| Suppliers | 440/4 | €152,150 | €81,063 | -€71,087 | -46.7% |
| Taxes, remuneration and social security | 45 | €3,604 | €32,754 | +€29,150 | +808.7% |
| Taxes | 450/3 | €3,604 | €2,977 | -€627 | -17.4% |
| Remuneration and social security | 454/9 | - | €29,777 | +€29,777 | |
| Other amounts payable | 47/48 | €222,817 | €268,139 | +€45,322 | +20.3% |
| Accrued charges and deferred income | 492/3 | €1,668 | €5,815 | +€4,147 | +248.6% |
| Remuneration, social security and pensions | 62 | €29,224 | €54,913 | +€25,689 | +87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,348 | €5,145 | -€10,204 | -66.5% |
| Other operating charges | 640/8 | €5,352 | €11,657 | +€6,304 | +117.8% |
| Gross operating margin | 9900 | €23,343 | €32,464 | +€9,121 | +39.1% |
| Operating profit (loss) | 9901 | -€26,582 | -€39,250 | -€12,669 | -47.7% |
| Financial income | 75/76B | €972 | €394 | -€578 | -59.5% |
| Recurring financial income | 75 | €972 | €394 | -€578 | -59.5% |
| Financial charges | 65/66B | €2,371 | €3,324 | +€953 | +40.2% |
| Recurring financial charges | 65 | €2,371 | €3,324 | +€953 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,981 | -€42,181 | -€14,200 | -50.7% |
| Income taxes | 67/77 | €272 | €1,000 | +€728 | +268.1% |
| Profit (loss) for the period | 9904 | -€28,252 | -€43,181 | -€14,928 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,252 | -€43,181 | -€14,928 | -52.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.