SAKO: what changed
Two fiscal 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.
SAKO
Largest movements
- Cash -€17,777
down €17,777 (-20.2%), from €88,199 to €70,422
mainly Other debts (-€65,176) and Investment in fixed assets (net) (-€6,027)
- Tangible fixed assets +€5,251
new in 2025: €5,251
- Deferred charges and accrued income -€3,840
down €3,840 (-4.4%), from €86,562 to €82,721
- Other debts -€65,176
no longer reported in 2025 (was €65,176)
- Reserves +€53,037
up €53,037 (+66.8%), from €79,430 to €132,466
- Tax, wage and social debts -€3,083
down €3,083 (-16.7%), from €18,518 to €15,435
- Gross operating margin +€5,319
up €5,319 (+7.6%), from €70,378 to €75,697
- Taxes +€1,042
up €1,042 (+5.4%), from €19,424 to €20,467
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 | €174,761 | €158,395 | -€16,367 | -9.4% |
| Fixed assets | 21/28 | - | €5,251 | +€5,251 | |
| Tangible fixed assets | 22/27 | - | €5,251 | +€5,251 | |
| Plant, machinery and equipment | 23 | - | €5,251 | +€5,251 | |
| Current assets | 29/58 | €174,761 | €153,144 | -€21,618 | -12.4% |
| Cash at bank and in hand | 54/58 | €88,199 | €70,422 | -€17,777 | -20.2% |
| Deferred charges and accrued income | 490/1 | €86,562 | €82,721 | -€3,840 | -4.4% |
| Total equity and liabilities | 10/49 | €174,761 | €158,395 | -€16,367 | -9.4% |
| Equity | 10/15 | €89,923 | €142,960 | +€53,037 | +59.0% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €79,430 | €132,466 | +€53,037 | +66.8% |
| Distributable reserves | 133 | €79,430 | €132,466 | +€53,037 | +66.8% |
| Profit (loss) carried forward | 14 | -€2,706 | -€2,706 | = | 0.0% |
| Amounts payable | 17/49 | €84,838 | €15,435 | -€69,403 | -81.8% |
| Amounts payable within one year | 42/48 | €84,838 | €15,435 | -€69,403 | -81.8% |
| Trade debts | 44 | €1,144 | - | -€1,144 | |
| Suppliers | 440/4 | €1,144 | - | -€1,144 | |
| Taxes, remuneration and social security | 45 | €18,518 | €15,435 | -€3,083 | -16.7% |
| Taxes | 450/3 | €18,518 | €15,435 | -€3,083 | -16.7% |
| Other amounts payable | 47/48 | €65,176 | - | -€65,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619 | €776 | +€157 | +25.3% |
| Other operating charges | 640/8 | €1,123 | €538 | -€585 | -52.1% |
| Gross operating margin | 9900 | €70,378 | €75,697 | +€5,319 | +7.6% |
| Operating profit (loss) | 9901 | €68,637 | €74,384 | +€5,747 | +8.4% |
| Financial income | 75/76B | €850 | €706 | -€144 | -17.0% |
| Recurring financial income | 75 | €850 | €706 | -€144 | -17.0% |
| Financial charges | 65/66B | €1,987 | €1,586 | -€401 | -20.2% |
| Recurring financial charges | 65 | €1,987 | €1,586 | -€401 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €67,499 | €73,503 | +€6,004 | +8.9% |
| Income taxes | 67/77 | €19,424 | €20,467 | +€1,042 | +5.4% |
| Profit (loss) for the period | 9904 | €48,075 | €53,037 | +€4,961 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,075 | €53,037 | +€4,961 | +10.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.