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
- Tangible fixed assets -€3,057
down €3,057 (-56.1%), from €5,453 to €2,396
of which Plant, machinery and equipment: -€2,750
- Cash +€2,273
up €2,273 (+66.9%), from €3,399 to €5,672
mainly Depreciation (+€3,057) and Receivables within one year (+€1,952)
- Receivables within one year -€1,952
down €1,952 (-97.1%), from €2,011 to €59
of which Trade receivables: -€1,701
- Debts after one year -€5,000
down €5,000 (-23.1%), from €21,667 to €16,667
- Profit (loss) carried forward +€1,638
up €1,638 (+12.0%), from €13,617 to €15,254
- Tax, wage and social debts +€1,202
up €1,202 (+70.1%), from €1,715 to €2,917
- Trade debts -€790
down €790 (-61.9%), from €1,277 to €487
- Financial income -€7,789
down €7,789 (-99.9%), from €7,793 to €4
of which Non-recurring financial income: -€7,793
- Turnover +€2,943
up €2,943 (+13.1%), from €22,459 to €25,403
- Gross operating margin +€2,853
up €2,853 (+43.1%), from €6,617 to €9,469
- Taxes -€1,909
down €1,909 (-64.5%), from €2,958 to €1,049
- Depreciation +€1,488
up €1,488 (+94.8%), from €1,569 to €3,057
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 | €64,139 | €61,413 | -€2,726 | -4.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,453 | €2,396 | -€3,057 | -56.1% |
| Tangible fixed assets | 22/27 | €5,453 | €2,396 | -€3,057 | -56.1% |
| Plant, machinery and equipment | 23 | €4,167 | €1,417 | -€2,750 | -66.0% |
| Furniture and vehicles | 24 | €237 | €171 | -€66 | -27.8% |
| Other tangible fixed assets | 26 | €1,049 | €808 | -€241 | -23.0% |
| Current assets | 29/58 | €58,686 | €59,017 | +€331 | +0.6% |
| Amounts receivable after more than one year | 29 | €53,000 | €53,000 | = | 0.0% |
| Other amounts receivable | 291 | €53,000 | €53,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,011 | €59 | -€1,952 | -97.1% |
| Trade receivables | 40 | €1,738 | €37 | -€1,701 | -97.9% |
| Other amounts receivable | 41 | €273 | €22 | -€251 | -91.9% |
| Cash at bank and in hand | 54/58 | €3,399 | €5,672 | +€2,273 | +66.9% |
| Deferred charges and accrued income | 490/1 | €275 | €286 | +€10 | +3.7% |
| Total equity and liabilities | 10/49 | €64,139 | €61,413 | -€2,726 | -4.3% |
| Equity | 10/15 | €34,077 | €35,714 | +€1,638 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,617 | €15,254 | +€1,638 | +12.0% |
| Amounts payable | 17/49 | €30,062 | €25,698 | -€4,363 | -14.5% |
| Amounts payable after more than one year | 17 | €21,667 | €16,667 | -€5,000 | -23.1% |
| Financial debts | 170/4 | €21,667 | €16,667 | -€5,000 | -23.1% |
| Amounts payable within one year | 42/48 | €8,395 | €9,032 | +€637 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €1,277 | €487 | -€790 | -61.9% |
| Suppliers | 440/4 | €1,277 | €487 | -€790 | -61.9% |
| Taxes, remuneration and social security | 45 | €1,715 | €2,917 | +€1,202 | +70.1% |
| Taxes | 450/3 | €1,715 | €2,917 | +€1,202 | +70.1% |
| Other amounts payable | 47/48 | €403 | €627 | +€224 | +55.7% |
| Turnover | 70 | €22,459 | €25,403 | +€2,943 | +13.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,843 | €15,933 | +€90 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €3,057 | +€1,488 | +94.8% |
| Other operating charges | 640/8 | €194 | €581 | +€388 | +200% |
| Gross operating margin | 9900 | €6,617 | €9,469 | +€2,853 | +43.1% |
| Operating profit (loss) | 9901 | €4,853 | €5,831 | +€978 | +20.1% |
| Financial income | 75/76B | €7,793 | €4 | -€7,789 | -99.9% |
| Recurring financial income | 75 | €7,793 | €4 | -€7,789 | -99.9% |
| Non-recurring financial income | 76B | €7,793 | - | -€7,793 | |
| Financial charges | 65/66B | €2,906 | €3,148 | +€242 | +8.3% |
| Recurring financial charges | 65 | €2,906 | €3,148 | +€242 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €9,740 | €2,687 | -€7,053 | -72.4% |
| Income taxes | 67/77 | €2,958 | €1,049 | -€1,909 | -64.5% |
| Profit (loss) for the period | 9904 | €6,782 | €1,638 | -€5,144 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,782 | €1,638 | -€5,144 | -75.9% |
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 19 October 2026 via checked.be.