SAILS 4 SALES: 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.
SAILS 4 SALES
Largest movements
- Receivables within one year -€32,674
down €32,674 (-37.2%), from €87,842 to €55,168
of which Trade receivables: -€43,898
- Tangible fixed assets -€8,991
down €8,991 (-43.5%), from €20,662 to €11,671
of which Furniture and vehicles: -€8,531
- Cash +€2,306
up €2,306 (+3.6%), from €63,434 to €65,740
mainly Net result for the year (+€97,099) and Receivables within one year (+€32,674)
- Other debts -€37,320
down €37,320 (-25.9%), from €143,928 to €106,608
- Gross operating margin -€49,747
down €49,747 (-26.9%), from €185,263 to €135,516
- Taxes -€12,277
down €12,277 (-30.4%), from €40,368 to €28,091
- Depreciation +€2,039
up €2,039 (+29.3%), from €6,952 to €8,991
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 | €174,295 | €134,949 | -€39,346 | -22.6% |
| Fixed assets | 21/28 | €22,272 | €13,281 | -€8,991 | -40.4% |
| Tangible fixed assets | 22/27 | €20,662 | €11,671 | -€8,991 | -43.5% |
| Furniture and vehicles | 24 | €19,053 | €10,522 | -€8,531 | -44.8% |
| Other tangible fixed assets | 26 | €1,609 | €1,149 | -€460 | -28.6% |
| Financial fixed assets | 28 | €1,610 | €1,610 | = | 0.0% |
| Current assets | 29/58 | €152,023 | €121,668 | -€30,355 | -20.0% |
| Amounts receivable within one year | 40/41 | €87,842 | €55,168 | -€32,674 | -37.2% |
| Trade receivables | 40 | €78,267 | €34,369 | -€43,898 | -56.1% |
| Other amounts receivable | 41 | €9,575 | €20,799 | +€11,224 | +117% |
| Cash at bank and in hand | 54/58 | €63,434 | €65,740 | +€2,306 | +3.6% |
| Deferred charges and accrued income | 490/1 | €747 | €760 | +€13 | +1.7% |
| Total equity and liabilities | 10/49 | €174,295 | €134,949 | -€39,346 | -22.6% |
| Equity | 10/15 | €22,135 | €20,534 | -€1,601 | -7.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,675 | €74 | -€1,601 | -95.6% |
| Amounts payable | 17/49 | €152,160 | €114,415 | -€37,745 | -24.8% |
| Amounts payable within one year | 42/48 | €152,160 | €114,415 | -€37,745 | -24.8% |
| Trade debts | 44 | €740 | €899 | +€159 | +21.5% |
| Suppliers | 440/4 | €740 | €899 | +€159 | +21.5% |
| Taxes, remuneration and social security | 45 | €7,492 | €6,908 | -€584 | -7.8% |
| Taxes | 450/3 | €514 | - | -€514 | |
| Remuneration and social security | 454/9 | €6,978 | €6,908 | -€70 | -1.0% |
| Other amounts payable | 47/48 | €143,928 | €106,608 | -€37,320 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,952 | €8,991 | +€2,039 | +29.3% |
| Other operating charges | 640/8 | €1,328 | €1,454 | +€126 | +9.5% |
| Gross operating margin | 9900 | €185,263 | €135,516 | -€49,747 | -26.9% |
| Operating profit (loss) | 9901 | €176,983 | €125,071 | -€51,912 | -29.3% |
| Financial income | 75/76B | €8 | €333 | +€325 | +4,063% |
| Recurring financial income | 75 | €8 | €333 | +€325 | +4,063% |
| Financial charges | 65/66B | €207 | €214 | +€7 | +3.4% |
| Recurring financial charges | 65 | €207 | €214 | +€7 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €176,784 | €125,190 | -€51,594 | -29.2% |
| Income taxes | 67/77 | €40,368 | €28,091 | -€12,277 | -30.4% |
| Profit (loss) for the period | 9904 | €136,416 | €97,099 | -€39,317 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €136,416 | €97,099 | -€39,317 | -28.8% |
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 18 October 2026 via checked.be.