SAK CONSTRUCT: 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.
SAK CONSTRUCT
Largest movements
- Receivables within one year +€11,878
up €11,878 (+168.5%), from €7,048 to €18,926
of which Trade receivables: +€13,625
- Tangible fixed assets -€7,482
down €7,482 (-15.5%), from €48,169 to €40,687
of which Furniture and vehicles: -€6,283
- Cash -€1,567
down €1,567 (-20.7%), from €7,567 to €6,000
mainly Receivables within one year (-€11,878) and Debts after one year (-€5,326)
- Debts after one year -€5,326
down €5,326 (-74.3%), from €7,169 to €1,842
- Profit (loss) carried forward +€4,892
up €4,892 (+51.4%), from €9,512 to €14,404
- Other debts +€3,010
up €3,010 (+22.1%), from €13,625 to €16,635
- Tax, wage and social debts +€2,843
up €2,843 (+22.0%), from €12,915 to €15,758
of which Taxes: +€4,813
- Trade debts -€2,816
down €2,816 (-39.8%), from €7,067 to €4,251
- Gross operating margin +€26,480
up €26,480, from -€8,991 to €17,488
- Depreciation -€4,116
down €4,116 (-31.6%), from €13,006 to €8,890
- Other operating charges +€1,802
up €1,802 (+191.6%), from €941 to €2,743
- Financial charges -€484
down €484 (-33.4%), from €1,448 to €964
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 | €63,384 | €66,277 | +€2,893 | +4.6% |
| Fixed assets | 21/28 | €48,169 | €40,687 | -€7,482 | -15.5% |
| Tangible fixed assets | 22/27 | €48,169 | €40,687 | -€7,482 | -15.5% |
| Land and buildings | 22 | €37,807 | €36,608 | -€1,199 | -3.2% |
| Furniture and vehicles | 24 | €10,362 | €4,079 | -€6,283 | -60.6% |
| Current assets | 29/58 | €15,216 | €25,590 | +€10,374 | +68.2% |
| Amounts receivable within one year | 40/41 | €7,048 | €18,926 | +€11,878 | +168.5% |
| Trade receivables | 40 | €5,301 | €18,926 | +€13,625 | +257.0% |
| Other amounts receivable | 41 | €1,747 | - | -€1,747 | |
| Cash at bank and in hand | 54/58 | €7,567 | €6,000 | -€1,567 | -20.7% |
| Deferred charges and accrued income | 490/1 | €601 | €664 | +€63 | +10.4% |
| Total equity and liabilities | 10/49 | €63,384 | €66,277 | +€2,893 | +4.6% |
| Equity | 10/15 | €17,572 | €22,464 | +€4,892 | +27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €9,512 | €14,404 | +€4,892 | +51.4% |
| Amounts payable | 17/49 | €45,813 | €43,813 | -€1,999 | -4.4% |
| Amounts payable after more than one year | 17 | €7,169 | €1,842 | -€5,326 | -74.3% |
| Financial debts | 170/4 | €7,169 | €1,842 | -€5,326 | -74.3% |
| Amounts payable within one year | 42/48 | €38,644 | €41,971 | +€3,327 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €5,037 | €5,326 | +€289 | +5.7% |
| Trade debts | 44 | €7,067 | €4,251 | -€2,816 | -39.8% |
| Suppliers | 440/4 | €7,067 | €4,251 | -€2,816 | -39.8% |
| Taxes, remuneration and social security | 45 | €12,915 | €15,758 | +€2,843 | +22.0% |
| Taxes | 450/3 | €6,265 | €11,078 | +€4,813 | +76.8% |
| Remuneration and social security | 454/9 | €6,650 | €4,680 | -€1,970 | -29.6% |
| Other amounts payable | 47/48 | €13,625 | €16,635 | +€3,010 | +22.1% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,006 | €8,890 | -€4,116 | -31.6% |
| Other operating charges | 640/8 | €941 | €2,743 | +€1,802 | +191.6% |
| Gross operating margin | 9900 | -€8,991 | €17,488 | +€26,480 | |
| Operating profit (loss) | 9901 | -€22,937 | €5,856 | +€28,793 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -20.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -20.8% |
| Financial charges | 65/66B | €1,448 | €964 | -€484 | -33.4% |
| Recurring financial charges | 65 | €1,448 | €964 | -€484 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,384 | €4,892 | +€29,276 | |
| Profit (loss) for the period | 9904 | -€24,384 | €4,892 | +€29,276 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,384 | €4,892 | +€29,276 |
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 9 October 2026 via checked.be.