SAHIN CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Stocks and contracts -€180,000
down €180,000 (-18.8%), from €958,555 to €778,555
of which Contracts in progress: -€294,000
- Tangible fixed assets -€44,197
down €44,197 (-8.5%), from €521,551 to €477,354
- Receivables within one year +€37,853
up €37,853 (+28.2%), from €134,231 to €172,084
of which Other amounts receivable: +€24,379
- Other debts -€205,768
down €205,768 (-99.3%), from €207,312 to €1,544
- Short-term financial debts +€150,000
up €150,000 (+67,286%), from €223 to €150,223
- Profit (loss) carried forward -€86,157
down €86,157 (-27.1%), from €318,286 to €232,130
- Trade debts -€70,810
down €70,810 (-12.9%), from €547,145 to €476,335
- Tax, wage and social debts +€42,720
up €42,720 (+76.4%), from €55,880 to €98,600
of which Taxes: +€23,205
- Turnover -€2.2m
no longer reported in 2025 (was €2.2m)
- Purchases and services -€1.7m
no longer reported in 2025 (was €1.7m)
- Staff costs +€167,828
up €167,828 (+50.0%), from €335,764 to €503,592
- Gross operating margin +€51,173
up €51,173 (+10.6%), from €484,269 to €535,442
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 | €1,744,980 | €1,546,255 | -€198,725 | -11.4% |
| Fixed assets | 21/28 | €527,151 | €482,954 | -€44,197 | -8.4% |
| Tangible fixed assets | 22/27 | €521,551 | €477,354 | -€44,197 | -8.5% |
| Land and buildings | 22 | €447,483 | €431,373 | -€16,109 | -3.6% |
| Plant, machinery and equipment | 23 | €15,766 | €8,656 | -€7,109 | -45.1% |
| Furniture and vehicles | 24 | €9,786 | €7,229 | -€2,557 | -26.1% |
| Leasing and similar rights | 25 | €38,395 | €20,095 | -€18,300 | -47.7% |
| Other tangible fixed assets | 26 | €121 | - | -€121 | |
| Assets under construction and advance payments | 27 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €1,217,829 | €1,063,301 | -€154,528 | -12.7% |
| Stocks and contracts in progress | 3 | €958,555 | €778,555 | -€180,000 | -18.8% |
| Stocks | 30/36 | €106,000 | €220,000 | +€114,000 | +108% |
| Contracts in progress | 37 | €852,555 | €558,555 | -€294,000 | -34.5% |
| Amounts receivable within one year | 40/41 | €134,231 | €172,084 | +€37,853 | +28.2% |
| Trade receivables | 40 | €119,311 | €132,784 | +€13,474 | +11.3% |
| Other amounts receivable | 41 | €14,921 | €39,300 | +€24,379 | +163% |
| Cash at bank and in hand | 54/58 | €77,043 | €66,247 | -€10,796 | -14.0% |
| Deferred charges and accrued income | 490/1 | €48,000 | €46,415 | -€1,585 | -3.3% |
| Total equity and liabilities | 10/49 | €1,744,980 | €1,546,255 | -€198,725 | -11.4% |
| Equity | 10/15 | €420,724 | €334,567 | -€86,157 | -20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,069 | €27,069 | = | 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% |
| Distributable reserves | 133 | €25,209 | €25,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,286 | €232,130 | -€86,157 | -27.1% |
| Investment grants | 15 | €56,768 | €56,768 | = | 0.0% |
| Amounts payable | 17/49 | €1,324,256 | €1,211,688 | -€112,568 | -8.5% |
| Amounts payable after more than one year | 17 | €482,559 | €478,602 | -€3,958 | -0.8% |
| Financial debts | 170/4 | €482,559 | €478,602 | -€3,958 | -0.8% |
| Amounts payable within one year | 42/48 | €841,696 | €733,086 | -€108,610 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €31,136 | €6,384 | -€24,752 | -79.5% |
| Financial debts | 43 | €223 | €150,223 | +€150,000 | +67,286% |
| Credit institutions | 430/8 | €223 | €150,223 | +€150,000 | +67,286% |
| Trade debts | 44 | €547,145 | €476,335 | -€70,810 | -12.9% |
| Suppliers | 440/4 | €547,145 | €476,335 | -€70,810 | -12.9% |
| Taxes, remuneration and social security | 45 | €55,880 | €98,600 | +€42,720 | +76.4% |
| Taxes | 450/3 | €50,893 | €74,098 | +€23,205 | +45.6% |
| Remuneration and social security | 454/9 | €4,987 | €24,502 | +€19,515 | +391% |
| Other amounts payable | 47/48 | €207,312 | €1,544 | -€205,768 | -99.3% |
| Turnover | 70 | €2,154,696 | - | -€2.2m | |
| Non-recurring operating income | 76A | €17,250 | - | -€17,250 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,687,676 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €335,764 | €503,592 | +€167,828 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,179 | €45,129 | +€7,950 | +21.4% |
| Other operating charges | 640/8 | €20,400 | €24,126 | +€3,726 | +18.3% |
| Gross operating margin | 9900 | €484,269 | €535,442 | +€51,173 | +10.6% |
| Operating profit (loss) | 9901 | €90,926 | -€37,405 | -€128,331 | |
| Financial charges | 65/66B | €64,750 | €48,752 | -€15,998 | -24.7% |
| Recurring financial charges | 65 | €64,750 | €48,752 | -€15,998 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €26,176 | -€86,157 | -€112,333 | |
| Income taxes | 67/77 | €7,280 | - | -€7,280 | |
| Profit (loss) for the period | 9904 | €18,896 | -€86,157 | -€105,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,896 | -€86,157 | -€105,053 |
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 13 October 2026 via checked.be.