SAKIJA IMMO: 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.
What changed
SAKIJA IMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,276
2024 · €63,647-€15,370
Equity
€223,905
2024 · €195,629+€28,276
Cash
€274
2024 · €3,280-€3,006
Balance sheet total
€1.1m
2024 · €1.2m-€74,017
Largest movements
Assets
- Receivables within one year -€58,678
down €58,678 (-97.5%), from €60,202 to €1,524
of which Trade receivables: -€50,610
- Tangible fixed assets -€12,227
down €12,227 (-1.1%), from €1.1m to €1.1m
of which Land and buildings: -€10,665
Equity and liabilities
- Debts after one year -€93,363
down €93,363 (-13.9%), from €672,899 to €579,535
of which Financial debts: -€93,363
- Profit (loss) carried forward +€32,855
up €32,855 (+24.0%), from €136,713 to €169,567
- Tax, wage and social debts -€23,070
down €23,070 (-34.8%), from €66,371 to €43,301
Income statement
- Gross operating margin -€43,352
down €43,352 (-22.3%), from €194,005 to €150,653
- Staff costs -€16,544
down €16,544 (-95.8%), from €17,262 to €718
- Financial charges -€9,491
down €9,491 (-31.5%), from €30,143 to €20,652
- Taxes -€8,211
down €8,211 (-37.1%), from €22,150 to €13,939
- Depreciation +€5,445
up €5,445 (+10.9%), from €49,877 to €55,322
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.
Result 2024
€63,647
Gross operating margin
-€43,352
Staff costs
+€16,544
Depreciation
-€5,445
Write-downs
-€1,194
Other operating charges
+€279
Other operating items
+€20
Financial income
-€592
Financial charges
+€9,491
Taxes
+€8,211
Deferred taxes and other
+€667
Result 2025
€48,276
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€154,097
Investment
-€43,095
Financing
-€114,008
Cash 2024
€3,280
From operations (derived)
+€154,097
Net result for the year
+€48,276
Depreciation
+€55,322
Receivables within one year
+€58,678
Deferred charges and accrued income
+€106
Provisions
-€1,526
Trade debts
+€4,774
Tax, wage and social debts
-€23,070
Other debts
+€11,537
Investment (derived)
-€43,095
Investment in fixed assets (net)
-€43,095
Financing
-€114,008
Debts after one year
-€93,363
Current portion of long-term debt
-€377
Short-term financial debts
-€268
Contributions, distributions and other
-€20,000
Cash 2025
€274
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,211,258 | €1,137,241 | -€74,017 | -6.1% |
| Fixed assets | 21/28 | €1,147,669 | €1,135,443 | -€12,227 | -1.1% |
| Tangible fixed assets | 22/27 | €1,145,219 | €1,132,993 | -€12,227 | -1.1% |
| Land and buildings | 22 | €1,142,956 | €1,132,291 | -€10,665 | -0.9% |
| Furniture and vehicles | 24 | €2,264 | €702 | -€1,562 | -69.0% |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €63,588 | €1,798 | -€61,790 | -97.2% |
| Amounts receivable within one year | 40/41 | €60,202 | €1,524 | -€58,678 | -97.5% |
| Trade receivables | 40 | €52,110 | €1,500 | -€50,610 | -97.1% |
| Other amounts receivable | 41 | €8,092 | €24 | -€8,068 | -99.7% |
| Cash at bank and in hand | 54/58 | €3,280 | €274 | -€3,006 | -91.6% |
| Deferred charges and accrued income | 490/1 | €106 | - | -€106 | |
| Total equity and liabilities | 10/49 | €1,211,258 | €1,137,241 | -€74,017 | -6.1% |
| Equity | 10/15 | €195,629 | €223,905 | +€28,276 | +14.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,916 | €34,338 | -€4,578 | -11.8% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,416 | €33,838 | -€4,578 | -11.9% |
| Profit (loss) carried forward | 14 | €136,713 | €169,567 | +€32,855 | +24.0% |
| Provisions and deferred taxes | 16 | €12,805 | €11,279 | -€1,526 | -11.9% |
| Deferred taxes | 168 | €12,805 | €11,279 | -€1,526 | -11.9% |
| Amounts payable | 17/49 | €1,002,824 | €902,057 | -€100,767 | -10.0% |
| Amounts payable after more than one year | 17 | €672,899 | €579,535 | -€93,363 | -13.9% |
| Financial debts | 170/4 | €541,899 | €448,535 | -€93,363 | -17.2% |
| Other amounts payable | 178/9 | €131,000 | €131,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €329,925 | €322,521 | -€7,404 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €93,740 | €93,363 | -€377 | -0.4% |
| Financial debts | 43 | €5,000 | €4,732 | -€268 | -5.4% |
| Credit institutions | 430/8 | €5,000 | €4,732 | -€268 | -5.4% |
| Trade debts | 44 | €9,439 | €14,213 | +€4,774 | +50.6% |
| Suppliers | 440/4 | €9,439 | €14,213 | +€4,774 | +50.6% |
| Taxes, remuneration and social security | 45 | €66,371 | €43,301 | -€23,070 | -34.8% |
| Taxes | 450/3 | €66,371 | €43,301 | -€23,070 | -34.8% |
| Other amounts payable | 47/48 | €155,375 | €166,912 | +€11,537 | +7.4% |
| Remuneration, social security and pensions | 62 | €17,262 | €718 | -€16,544 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,877 | €55,322 | +€5,445 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,194 | - | +€1,194 | |
| Other operating charges | 640/8 | €13,551 | €13,272 | -€279 | -2.1% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €194,005 | €150,653 | -€43,352 | -22.3% |
| Operating profit (loss) | 9901 | €114,489 | €81,341 | -€33,147 | -29.0% |
| Financial income | 75/76B | €592 | - | -€592 | |
| Recurring financial income | 75 | €592 | - | -€592 | |
| Financial charges | 65/66B | €30,143 | €20,652 | -€9,491 | -31.5% |
| Recurring financial charges | 65 | €30,143 | €20,652 | -€9,491 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €84,938 | €60,690 | -€24,248 | -28.5% |
| Transfer from deferred taxes | 780 | €859 | €1,526 | +€667 | +77.7% |
| Income taxes | 67/77 | €22,150 | €13,939 | -€8,211 | -37.1% |
| Profit (loss) for the period | 9904 | €63,647 | €48,276 | -€15,370 | -24.1% |
| Transfer from tax-exempt reserves | 789 | €2,576 | €4,578 | +€2,002 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,223 | €52,855 | -€13,368 | -20.2% |
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 25 October 2026 via checked.be.