SAKO: 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.
SAKO
Largest movements
- Receivables within one year +€61,046
up €61,046 (+14.8%), from €413,086 to €474,132
of which Trade receivables: +€55,164
- Tangible fixed assets -€41,145
down €41,145 (-16.0%), from €257,487 to €216,342
of which Plant, machinery and equipment: -€30,821
- Advances received +€70,619
up €70,619 (+19.9%), from €354,975 to €425,594
- Trade debts -€49,286
down €49,286 (-81.8%), from €60,269 to €10,984
- Debts after one year -€20,297
down €20,297 (-15.3%), from €132,341 to €112,044
of which Financial debts: -€19,376
- Reserves +€11,756
up €11,756 (+32.8%), from €35,827 to €47,583
of which Distributable reserves: +€12,023
- Gross operating margin -€71,935
down €71,935 (-53.9%), from €133,446 to €61,511
- Financial charges +€11,392
up €11,392 (+770%), from €1,480 to €12,872
- Taxes -€11,334
down €11,334 (-100%), from €11,334 to €0
- Financial income +€6,213
up €6,213, from €0 to €6,213
- Other operating charges -€1,721
down €1,721 (-75.6%), from €2,275 to €554
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 | €680,795 | €701,042 | +€20,247 | +3.0% |
| Fixed assets | 21/28 | €257,911 | €216,706 | -€41,205 | -16.0% |
| Intangible fixed assets | 21 | €424 | €364 | -€61 | -14.3% |
| Tangible fixed assets | 22/27 | €257,487 | €216,342 | -€41,145 | -16.0% |
| Land and buildings | 22 | €69,544 | €59,251 | -€10,293 | -14.8% |
| Plant, machinery and equipment | 23 | €187,730 | €156,909 | -€30,821 | -16.4% |
| Furniture and vehicles | 24 | €213 | €182 | -€30 | -14.3% |
| Current assets | 29/58 | €422,884 | €484,336 | +€61,452 | +14.5% |
| Stocks and contracts in progress | 3 | €9,000 | €7,882 | -€1,118 | -12.4% |
| Stocks | 30/36 | €9,000 | €7,882 | -€1,118 | -12.4% |
| Amounts receivable within one year | 40/41 | €413,086 | €474,132 | +€61,046 | +14.8% |
| Trade receivables | 40 | €327,908 | €383,072 | +€55,164 | +16.8% |
| Other amounts receivable | 41 | €85,178 | €91,061 | +€5,883 | +6.9% |
| Cash at bank and in hand | 54/58 | €259 | €2,020 | +€1,761 | +680% |
| Deferred charges and accrued income | 490/1 | €539 | €302 | -€237 | -44.0% |
| Total equity and liabilities | 10/49 | €680,795 | €701,042 | +€20,247 | +3.0% |
| Equity | 10/15 | €54,427 | €66,183 | +€11,756 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,827 | €47,583 | +€11,756 | +32.8% |
| Non-distributable reserves | 130/1 | €267 | €0 | -€267 | -100% |
| Reserves not available under the articles | 1311 | €267 | €0 | -€267 | -100% |
| Distributable reserves | 133 | €35,560 | €47,583 | +€12,023 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €626,368 | €634,859 | +€8,491 | +1.4% |
| Amounts payable after more than one year | 17 | €132,341 | €112,044 | -€20,297 | -15.3% |
| Financial debts | 170/4 | €131,420 | €112,044 | -€19,376 | -14.7% |
| Advances received on contracts in progress | 176 | €921 | €0 | -€921 | -100% |
| Amounts payable within one year | 42/48 | €494,027 | €522,815 | +€28,789 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €28,473 | €28,754 | +€281 | +1.0% |
| Trade debts | 44 | €60,269 | €10,984 | -€49,286 | -81.8% |
| Suppliers | 440/4 | €60,269 | €10,984 | -€49,286 | -81.8% |
| Advances received on contracts in progress | 46 | €354,975 | €425,594 | +€70,619 | +19.9% |
| Taxes, remuneration and social security | 45 | €11,809 | €16,629 | +€4,820 | +40.8% |
| Taxes | 450/3 | €11,809 | €16,629 | +€4,820 | +40.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €38,500 | €40,855 | +€2,355 | +6.1% |
| Remuneration, social security and pensions | 62 | -€1,171 | €0 | +€1,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,950 | €41,205 | +€255 | +0.6% |
| Other operating charges | 640/8 | €2,275 | €554 | -€1,721 | -75.6% |
| Non-recurring operating charges | 66A | €0 | €1,336 | +€1,336 | |
| Gross operating margin | 9900 | €133,446 | €61,511 | -€71,935 | -53.9% |
| Operating profit (loss) | 9901 | €91,392 | €18,415 | -€72,977 | -79.9% |
| Financial income | 75/76B | €0 | €6,213 | +€6,213 | |
| Recurring financial income | 75 | €0 | €6,213 | +€6,213 | |
| Financial charges | 65/66B | €1,480 | €12,872 | +€11,392 | +770% |
| Recurring financial charges | 65 | €1,480 | €12,872 | +€11,392 | +770% |
| Profit (loss) for the period before taxes | 9903 | €89,912 | €11,756 | -€78,156 | -86.9% |
| Income taxes | 67/77 | €11,334 | €0 | -€11,334 | -100% |
| Profit (loss) for the period | 9904 | €78,578 | €11,756 | -€66,822 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,578 | €11,756 | -€66,822 | -85.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.