SAILHAUS: 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.
SAILHAUS
Largest movements
- Receivables within one year +€106,106
up €106,106 (+127.8%), from €83,038 to €189,143
of which Trade receivables: +€116,372
- Current investments -€6,750
down €6,750 (-22.4%), from €30,068 to €23,318
- Trade debts +€65,504
up €65,504 (+118.8%), from €55,131 to €120,635
- Profit (loss) carried forward +€22,541
up €22,541 (+71.3%), from -€31,604 to -€9,063
- Contributions +€17,100
up €17,100 (+1140.0%), from €1,500 to €18,600
- Other debts -€13,683
down €13,683 (-20.9%), from €65,343 to €51,661
- Tax, wage and social debts +€6,341
up €6,341 (+822.4%), from €771 to €7,112
- Gross operating margin -€17,177
down €17,177 (-31.4%), from €54,714 to €37,538
- Taxes +€4,427
up €4,427 (+287.5%), from €1,540 to €5,968
- Other operating charges +€2,060
up €2,060 (+59.9%), from €3,442 to €5,502
- Financial income +€1,508
up €1,508 (+461.4%), from €327 to €1,835
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.
Cash bridge derived
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 | €115,714 | €213,817 | +€98,103 | +84.8% |
| Fixed assets | 21/28 | €2,559 | €1,210 | -€1,349 | -52.7% |
| Tangible fixed assets | 22/27 | €2,559 | €1,210 | -€1,349 | -52.7% |
| Furniture and vehicles | 24 | €2,559 | €1,210 | -€1,349 | -52.7% |
| Current assets | 29/58 | €113,155 | €212,607 | +€99,452 | +87.9% |
| Amounts receivable within one year | 40/41 | €83,038 | €189,143 | +€106,106 | +127.8% |
| Trade receivables | 40 | €66,410 | €182,782 | +€116,372 | +175.2% |
| Other amounts receivable | 41 | €16,628 | €6,362 | -€10,266 | -61.7% |
| Current investments | 50/53 | €30,068 | €23,318 | -€6,750 | -22.4% |
| Cash at bank and in hand | 54/58 | €50 | €17 | -€33 | -65.5% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €115,714 | €213,817 | +€98,103 | +84.8% |
| Equity | 10/15 | -€30,104 | €9,537 | +€39,641 | |
| Contributions | 10/11 | €1,500 | €18,600 | +€17,100 | +1140.0% |
| Profit (loss) carried forward | 14 | -€31,604 | -€9,063 | +€22,541 | +71.3% |
| Amounts payable | 17/49 | €145,818 | €204,281 | +€58,463 | +40.1% |
| Amounts payable within one year | 42/48 | €145,818 | €204,281 | +€58,463 | +40.1% |
| Financial debts | 43 | €24,573 | €24,874 | +€301 | +1.2% |
| Credit institutions | 430/8 | €24,573 | €24,874 | +€301 | +1.2% |
| Trade debts | 44 | €55,131 | €120,635 | +€65,504 | +118.8% |
| Suppliers | 440/4 | €55,131 | €120,635 | +€65,504 | +118.8% |
| Taxes, remuneration and social security | 45 | €771 | €7,112 | +€6,341 | +822.4% |
| Taxes | 450/3 | €771 | €7,112 | +€6,341 | +822.4% |
| Other amounts payable | 47/48 | €65,343 | €51,661 | -€13,683 | -20.9% |
| Non-recurring operating income | 76A | €1,385 | - | -€1,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €1,349 | -€266 | -16.5% |
| Other operating charges | 640/8 | €3,442 | €5,502 | +€2,060 | +59.9% |
| Non-recurring operating charges | 66A | €978 | - | -€978 | |
| Gross operating margin | 9900 | €54,714 | €37,538 | -€17,177 | -31.4% |
| Operating profit (loss) | 9901 | €48,680 | €30,687 | -€17,993 | -37.0% |
| Financial income | 75/76B | €327 | €1,835 | +€1,508 | +461.4% |
| Recurring financial income | 75 | €327 | €1,835 | +€1,508 | +461.4% |
| Financial charges | 65/66B | €3,583 | €4,014 | +€431 | +12.0% |
| Recurring financial charges | 65 | €3,583 | €4,014 | +€431 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €45,424 | €28,508 | -€16,916 | -37.2% |
| Income taxes | 67/77 | €1,540 | €5,968 | +€4,427 | +287.5% |
| Profit (loss) for the period | 9904 | €43,884 | €22,541 | -€21,344 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,884 | €22,541 | -€21,344 | -48.6% |
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 12 October 2026 via checked.be.