Sahin Tech: 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 Tech
Largest movements
- Tangible fixed assets +€47,639
up €47,639 (+739%), from €6,442 to €54,081
of which Furniture and vehicles: +€49,263
- Receivables within one year +€37,856
up €37,856 (+56.1%), from €67,488 to €105,345
of which Other amounts receivable: +€28,163
- Cash +€9,655
up €9,655 (+229%), from €4,213 to €13,867
mainly Net result for the year (+€44,574) and Trade debts (+€40,044)
- Profit (loss) carried forward +€44,574
up €44,574 (+77.4%), from €57,592 to €102,166
- Trade debts +€40,044
up €40,044 (+3,705%), from €1,081 to €41,125
- Tax, wage and social debts +€10,248
up €10,248 (+52.4%), from €19,554 to €29,802
of which Taxes: +€10,062
- Gross operating margin +€38,022
up €38,022 (+86.0%), from €44,230 to €82,251
- Depreciation +€10,076
up €10,076 (+415%), from €2,430 to €12,507
- Taxes +€6,668
up €6,668 (+80.6%), from €8,274 to €14,942
- Staff costs +€4,506
new in 2025: €4,506
- Financial charges +€3,936
up €3,936 (+190%), from €2,068 to €6,004
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 | €78,527 | €173,393 | +€94,866 | +121% |
| Formation expenses | 20 | €383 | €100 | -€283 | -73.9% |
| Fixed assets | 21/28 | €6,442 | €54,081 | +€47,639 | +739% |
| Tangible fixed assets | 22/27 | €6,442 | €54,081 | +€47,639 | +739% |
| Plant, machinery and equipment | 23 | €5,962 | €4,338 | -€1,624 | -27.2% |
| Furniture and vehicles | 24 | €480 | €49,743 | +€49,263 | +10,270% |
| Current assets | 29/58 | €71,701 | €119,212 | +€47,511 | +66.3% |
| Amounts receivable within one year | 40/41 | €67,488 | €105,345 | +€37,856 | +56.1% |
| Trade receivables | 40 | €47,584 | €57,277 | +€9,693 | +20.4% |
| Other amounts receivable | 41 | €19,904 | €48,067 | +€28,163 | +141% |
| Cash at bank and in hand | 54/58 | €4,213 | €13,867 | +€9,655 | +229% |
| Total equity and liabilities | 10/49 | €78,527 | €173,393 | +€94,866 | +121% |
| Equity | 10/15 | €57,892 | €102,466 | +€44,574 | +77.0% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,592 | €102,166 | +€44,574 | +77.4% |
| Amounts payable | 17/49 | €20,635 | €70,927 | +€50,292 | +244% |
| Amounts payable within one year | 42/48 | €20,635 | €70,927 | +€50,292 | +244% |
| Trade debts | 44 | €1,081 | €41,125 | +€40,044 | +3,705% |
| Suppliers | 440/4 | €1,081 | €41,125 | +€40,044 | +3,705% |
| Taxes, remuneration and social security | 45 | €19,554 | €29,802 | +€10,248 | +52.4% |
| Taxes | 450/3 | €16,154 | €26,216 | +€10,062 | +62.3% |
| Remuneration and social security | 454/9 | €3,400 | €3,586 | +€186 | +5.5% |
| Remuneration, social security and pensions | 62 | - | €4,506 | +€4,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,430 | €12,507 | +€10,076 | +415% |
| Other operating charges | 640/8 | €115 | €1,412 | +€1,297 | +1,129% |
| Non-recurring operating charges | 66A | €2,733 | - | -€2,733 | |
| Gross operating margin | 9900 | €44,230 | €82,251 | +€38,022 | +86.0% |
| Operating profit (loss) | 9901 | €38,952 | €63,827 | +€24,875 | +63.9% |
| Financial income | 75/76B | €647 | €1,693 | +€1,046 | +162% |
| Recurring financial income | 75 | €647 | €1,693 | +€1,046 | +162% |
| Financial charges | 65/66B | €2,068 | €6,004 | +€3,936 | +190% |
| Recurring financial charges | 65 | €2,068 | €6,004 | +€3,936 | +190% |
| Profit (loss) for the period before taxes | 9903 | €37,531 | €59,516 | +€21,985 | +58.6% |
| Income taxes | 67/77 | €8,274 | €14,942 | +€6,668 | +80.6% |
| Profit (loss) for the period | 9904 | €29,257 | €44,574 | +€15,317 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,257 | €44,574 | +€15,317 | +52.4% |
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 15 October 2026 via checked.be.