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
- Cash +€16,999
up €16,999, from €0 to €16,999
mainly Net result for the year (+€11,379) and Depreciation (+€4,801)
- Tangible fixed assets -€3,143
down €3,143 (-19.9%), from €15,819 to €12,677
of which Plant, machinery and equipment: -€2,111
- Receivables within one year +€2,258
up €2,258 (+4.3%), from €52,228 to €54,486
of which Trade receivables: +€2,058
- Profit (loss) carried forward +€11,379
up €11,379 (+37.9%), from -€30,020 to -€18,641
- Short-term financial debts -€5,083
down €5,083 (-25.3%), from €20,083 to €15,000
of which Credit institutions: -€20,083
- Trade debts +€4,737
up €4,737 (+22.1%), from €21,445 to €26,182
- Tax, wage and social debts +€3,726
up €3,726 (+39.7%), from €9,380 to €13,106
- Other debts +€1,356
up €1,356 (+52.7%), from €2,572 to €3,928
- Gross operating margin +€20,631
up €20,631 (+193%), from €10,714 to €31,345
- Other operating charges +€4,818
up €4,818 (+116%), from €4,149 to €8,967
- Taxes +€2,648
up €2,648 (+1,038%), from €255 to €2,904
- Depreciation -€2,228
down €2,228 (-31.7%), from €7,029 to €4,801
- Financial charges -€431
down €431 (-11.6%), from €3,727 to €3,296
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 | €71,148 | €87,262 | +€16,114 | +22.6% |
| Fixed assets | 21/28 | €18,919 | €15,777 | -€3,143 | -16.6% |
| Tangible fixed assets | 22/27 | €15,819 | €12,677 | -€3,143 | -19.9% |
| Plant, machinery and equipment | 23 | €4,990 | €2,879 | -€2,111 | -42.3% |
| Furniture and vehicles | 24 | €873 | €1,919 | +€1,046 | +120% |
| Other tangible fixed assets | 26 | €9,957 | €7,879 | -€2,078 | -20.9% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €52,228 | €71,486 | +€19,257 | +36.9% |
| Amounts receivable within one year | 40/41 | €52,228 | €54,486 | +€2,258 | +4.3% |
| Trade receivables | 40 | €42,758 | €44,815 | +€2,058 | +4.8% |
| Other amounts receivable | 41 | €9,471 | €9,671 | +€200 | +2.1% |
| Cash at bank and in hand | 54/58 | €0 | €16,999 | +€16,999 | |
| Total equity and liabilities | 10/49 | €71,148 | €87,262 | +€16,114 | +22.6% |
| Equity | 10/15 | €17,668 | €29,046 | +€11,379 | +64.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,487 | €41,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,487 | €41,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,020 | -€18,641 | +€11,379 | +37.9% |
| Amounts payable | 17/49 | €53,480 | €58,216 | +€4,736 | +8.9% |
| Amounts payable within one year | 42/48 | €53,480 | €58,216 | +€4,736 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €20,083 | €15,000 | -€5,083 | -25.3% |
| Credit institutions | 430/8 | €20,083 | €0 | -€20,083 | -100% |
| Other loans | 439 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €21,445 | €26,182 | +€4,737 | +22.1% |
| Suppliers | 440/4 | €21,445 | €26,182 | +€4,737 | +22.1% |
| Taxes, remuneration and social security | 45 | €9,380 | €13,106 | +€3,726 | +39.7% |
| Taxes | 450/3 | €9,380 | €13,106 | +€3,726 | +39.7% |
| Other amounts payable | 47/48 | €2,572 | €3,928 | +€1,356 | +52.7% |
| Non-recurring operating income | 76A | - | €8,983 | +€8,983 | |
| Remuneration, social security and pensions | 62 | €51 | €0 | -€51 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,029 | €4,801 | -€2,228 | -31.7% |
| Other operating charges | 640/8 | €4,149 | €8,967 | +€4,818 | +116% |
| Gross operating margin | 9900 | €10,714 | €31,345 | +€20,631 | +193% |
| Operating profit (loss) | 9901 | -€515 | €17,577 | +€18,092 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +647% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +647% |
| Financial charges | 65/66B | €3,727 | €3,296 | -€431 | -11.6% |
| Recurring financial charges | 65 | €3,727 | €3,296 | -€431 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,242 | €14,282 | +€18,524 | |
| Income taxes | 67/77 | €255 | €2,904 | +€2,648 | +1,038% |
| Profit (loss) for the period | 9904 | -€4,497 | €11,379 | +€15,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,497 | €11,379 | +€15,876 |
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 14 October 2026 via checked.be.