SAK PASE: 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 PASE
Largest movements
- Cash +€9,231
up €9,231 (+100.7%), from €9,166 to €18,397
mainly Net result for the year (+€7,345) and Receivables within one year (+€1,433)
- Receivables within one year -€1,433
down €1,433 (-82.6%), from €1,735 to €303
of which Other amounts receivable: -€1,433
- Tangible fixed assets -€413
down €413 (-100.0%), from €413 to €0
- Deferred charges and accrued income -€369
down €369 (-95.9%), from €385 to €16
- Profit (loss) carried forward +€7,345
up €7,345 (+13.8%), from -€53,198 to -€45,854
- Trade debts +€1,117
up €1,117 (+465.5%), from €240 to €1,357
- Other debts -€898
down €898 (-2.9%), from €30,703 to €29,805
- Tax, wage and social debts -€547
down €547 (-70.8%), from €773 to €226
- Gross operating margin +€13,324
up €13,324, from -€3,587 to €9,737
- Financial charges +€1,552
up €1,552 (+3247.7%), from €48 to €1,600
- Other operating charges -€720
down €720 (-77.8%), from €925 to €205
- Depreciation -€436
down €436 (-51.4%), from €849 to €413
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 | €11,699 | €18,715 | +€7,016 | +60.0% |
| Fixed assets | 21/28 | €413 | €0 | -€413 | -100.0% |
| Tangible fixed assets | 22/27 | €413 | €0 | -€413 | -100.0% |
| Plant, machinery and equipment | 23 | €413 | €0 | -€413 | -100.0% |
| Current assets | 29/58 | €11,286 | €18,715 | +€7,429 | +65.8% |
| Amounts receivable within one year | 40/41 | €1,735 | €303 | -€1,433 | -82.6% |
| Trade receivables | 40 | €303 | €303 | = | 0.0% |
| Other amounts receivable | 41 | €1,433 | €0 | -€1,433 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,166 | €18,397 | +€9,231 | +100.7% |
| Deferred charges and accrued income | 490/1 | €385 | €16 | -€369 | -95.9% |
| Total equity and liabilities | 10/49 | €11,699 | €18,715 | +€7,016 | +60.0% |
| Equity | 10/15 | -€21,832 | -€14,487 | +€7,345 | +33.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €21,366 | €21,366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €21,366 | €21,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,198 | -€45,854 | +€7,345 | +13.8% |
| Amounts payable | 17/49 | €33,531 | €33,202 | -€329 | -1.0% |
| Amounts payable within one year | 42/48 | €33,531 | €33,202 | -€329 | -1.0% |
| Trade debts | 44 | €240 | €1,357 | +€1,117 | +465.5% |
| Suppliers | 440/4 | €240 | €1,357 | +€1,117 | +465.5% |
| Advances received on contracts in progress | 46 | €1,815 | €1,815 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €773 | €226 | -€547 | -70.8% |
| Taxes | 450/3 | €773 | €226 | -€547 | -70.8% |
| Other amounts payable | 47/48 | €30,703 | €29,805 | -€898 | -2.9% |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €413 | -€436 | -51.4% |
| Other operating charges | 640/8 | €925 | €205 | -€720 | -77.8% |
| Gross operating margin | 9900 | -€3,587 | €9,737 | +€13,324 | |
| Operating profit (loss) | 9901 | -€5,361 | €9,119 | +€14,480 | |
| Financial charges | 65/66B | €48 | €1,600 | +€1,552 | +3247.7% |
| Recurring financial charges | 65 | €48 | €1,600 | +€1,552 | +3247.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,409 | €7,519 | +€12,928 | |
| Income taxes | 67/77 | €144 | €174 | +€30 | +20.8% |
| Profit (loss) for the period | 9904 | -€5,553 | €7,345 | +€12,898 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,553 | €7,345 | +€12,898 |
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.