SAIL FLY & ENJOY: 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.
SAIL FLY & ENJOY
Largest movements
- Tangible fixed assets +€438,344
up €438,344 (+133%), from €329,015 to €767,359
of which Land and buildings: +€435,679
- Receivables after one year -€31,116
no longer reported in 2026 (was €31,116)
- Current investments +€29,998
new in 2026: €29,998
- Cash -€26,114
down €26,114 (-35.6%), from €73,432 to €47,318
mainly Investment in fixed assets (net) (-€463,780) and Current investments (-€29,998)
- Revaluation surpluses +€450,000
new in 2026: €450,000
- Other debts -€29,487
down €29,487 (-50.0%), from €58,942 to €29,456
- Debts after one year -€11,005
down €11,005 (-16.8%), from €65,389 to €54,384
- Gross operating margin +€1,871
up €1,871 (+5.9%), from €31,868 to €33,739
- Financial charges -€1,623
down €1,623 (-69.8%), from €2,324 to €701
- Other operating charges -€1,592
down €1,592 (-48.9%), from €3,258 to €1,666
- Taxes +€1,366
up €1,366 (+928%), from €147 to €1,513
- Depreciation +€860
up €860 (+3.5%), from €24,576 to €25,436
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,814 | €848,693 | +€410,879 | +93.8% |
| Fixed assets | 21/28 | €329,015 | €767,359 | +€438,344 | +133% |
| Tangible fixed assets | 22/27 | €329,015 | €767,359 | +€438,344 | +133% |
| Land and buildings | 22 | €297,878 | €733,556 | +€435,679 | +146% |
| Plant, machinery and equipment | 23 | €31,138 | €33,803 | +€2,665 | +8.6% |
| Current assets | 29/58 | €108,799 | €81,334 | -€27,465 | -25.2% |
| Amounts receivable after more than one year | 29 | €31,116 | - | -€31,116 | |
| Other amounts receivable | 291 | €31,116 | - | -€31,116 | |
| Amounts receivable within one year | 40/41 | €4,251 | €4,019 | -€233 | -5.5% |
| Trade receivables | 40 | €4,251 | €4,019 | -€233 | -5.5% |
| Current investments | 50/53 | - | €29,998 | +€29,998 | |
| Cash at bank and in hand | 54/58 | €73,432 | €47,318 | -€26,114 | -35.6% |
| Total equity and liabilities | 10/49 | €437,814 | €848,693 | +€410,879 | +93.8% |
| Equity | 10/15 | €290,635 | €745,592 | +€454,957 | +157% |
| Contributions | 10/11 | €247,500 | €247,500 | = | 0.0% |
| Contributions outside capital | 11 | €247,500 | - | -€247,500 | |
| Share premium | 1100/10 | €247,500 | - | -€247,500 | |
| Revaluation surpluses | 12 | - | €450,000 | +€450,000 | |
| Profit (loss) carried forward | 14 | €43,135 | €48,092 | +€4,957 | +11.5% |
| Amounts payable | 17/49 | €147,179 | €103,101 | -€44,078 | -29.9% |
| Amounts payable after more than one year | 17 | €65,389 | €54,384 | -€11,005 | -16.8% |
| Financial debts | 170/4 | €65,389 | €54,384 | -€11,005 | -16.8% |
| Amounts payable within one year | 42/48 | €81,791 | €48,717 | -€33,074 | -40.4% |
| Financial debts | 43 | €17,988 | €17,299 | -€689 | -3.8% |
| Credit institutions | 430/8 | €17,988 | €17,299 | -€689 | -3.8% |
| Trade debts | 44 | €4,304 | €160 | -€4,143 | -96.3% |
| Suppliers | 440/4 | €4,304 | €160 | -€4,143 | -96.3% |
| Taxes, remuneration and social security | 45 | €557 | €1,802 | +€1,245 | +224% |
| Taxes | 450/3 | €557 | €1,802 | +€1,245 | +224% |
| Other amounts payable | 47/48 | €58,942 | €29,456 | -€29,487 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,576 | €25,436 | +€860 | +3.5% |
| Other operating charges | 640/8 | €3,258 | €1,666 | -€1,592 | -48.9% |
| Gross operating margin | 9900 | €31,868 | €33,739 | +€1,871 | +5.9% |
| Operating profit (loss) | 9901 | €4,033 | €6,637 | +€2,603 | +64.5% |
| Financial income | 75/76B | €498 | €534 | +€37 | +7.4% |
| Recurring financial income | 75 | €498 | €534 | +€37 | +7.4% |
| Financial charges | 65/66B | €2,324 | €701 | -€1,623 | -69.8% |
| Recurring financial charges | 65 | €2,324 | €701 | -€1,623 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €2,207 | €6,470 | +€4,263 | +193% |
| Income taxes | 67/77 | €147 | €1,513 | +€1,366 | +928% |
| Profit (loss) for the period | 9904 | €2,060 | €4,957 | +€2,897 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €2,060 | €4,957 | +€2,897 | +141% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.