SAKURA: 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.
SAKURA
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+49.6%), from €4.5m to €6.7m
- Cash +€1.2m
up €1.2m (+993%), from €116,250 to €1.3m
mainly Advances received (+€2.0m) and Debts after one year (+€829,034)
- Receivables within one year +€438,730
up €438,730 (+568%), from €77,301 to €516,030
of which Trade receivables: +€481,601
- Advances received +€2.0m
new in 2025: €2.0m
- Debts after one year +€829,034
up €829,034 (+13.6%), from €6.1m to €6.9m
- Trade debts +€622,543
up €622,543 (+117,645%), from €529 to €623,072
- Tax, wage and social debts +€382,632
new in 2025: €382,632
- Gross operating margin +€142,586
up €142,586 (+77.6%), from €183,765 to €326,352
- Financial charges +€88,242
up €88,242 (+74.5%), from €118,369 to €206,612
- Other operating charges +€53,746
up €53,746 (+266%), from €20,189 to €73,935
- Depreciation -€10,987
down €10,987 (-19.1%), from €57,520 to €46,532
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 | €6,813,463 | €10,592,107 | +€3.8m | +55.5% |
| Formation expenses | 20 | €309 | €0 | -€309 | -100% |
| Fixed assets | 21/28 | €2,132,151 | €2,087,305 | -€44,846 | -2.1% |
| Tangible fixed assets | 22/27 | €2,131,856 | €2,085,633 | -€46,223 | -2.2% |
| Land and buildings | 22 | €2,131,856 | €2,085,633 | -€46,223 | -2.2% |
| Financial fixed assets | 28 | €295 | €1,672 | +€1,377 | +467% |
| Current assets | 29/58 | €4,681,003 | €8,504,802 | +€3.8m | +81.7% |
| Stocks and contracts in progress | 3 | €4,485,719 | €6,711,286 | +€2.2m | +49.6% |
| Stocks | 30/36 | €4,485,719 | €6,711,286 | +€2.2m | +49.6% |
| Amounts receivable within one year | 40/41 | €77,301 | €516,030 | +€438,730 | +568% |
| Trade receivables | 40 | €34,430 | €516,030 | +€481,601 | +1,399% |
| Other amounts receivable | 41 | €42,871 | €0 | -€42,871 | -100% |
| Cash at bank and in hand | 54/58 | €116,250 | €1,270,047 | +€1.2m | +993% |
| Deferred charges and accrued income | 490/1 | €1,733 | €7,438 | +€5,705 | +329% |
| Total equity and liabilities | 10/49 | €6,813,463 | €10,592,107 | +€3.8m | +55.5% |
| Equity | 10/15 | €498,055 | €497,328 | -€727 | -0.1% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,945 | -€12,672 | -€727 | -6.1% |
| Amounts payable | 17/49 | €6,315,409 | €10,094,779 | +€3.8m | +59.8% |
| Amounts payable after more than one year | 17 | €6,084,740 | €6,913,775 | +€829,034 | +13.6% |
| Financial debts | 170/4 | €6,084,740 | €6,913,775 | +€829,034 | +13.6% |
| Amounts payable within one year | 42/48 | €230,668 | €3,175,452 | +€2.9m | +1,277% |
| Current portion of amounts payable after more than one year | 42 | €176,096 | €181,674 | +€5,578 | +3.2% |
| Trade debts | 44 | €529 | €623,072 | +€622,543 | +117,645% |
| Suppliers | 440/4 | €529 | €623,072 | +€622,543 | +117,645% |
| Advances received on contracts in progress | 46 | - | €1,988,074 | +€2.0m | |
| Taxes, remuneration and social security | 45 | - | €382,632 | +€382,632 | |
| Taxes | 450/3 | - | €382,632 | +€382,632 | |
| Other amounts payable | 47/48 | €54,043 | €0 | -€54,043 | -100% |
| Accrued charges and deferred income | 492/3 | - | €5,552 | +€5,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,520 | €46,532 | -€10,987 | -19.1% |
| Other operating charges | 640/8 | €20,189 | €73,935 | +€53,746 | +266% |
| Gross operating margin | 9900 | €183,765 | €326,352 | +€142,586 | +77.6% |
| Operating profit (loss) | 9901 | €106,057 | €205,885 | +€99,828 | +94.1% |
| Financial income | 75/76B | €368 | €0 | -€368 | -100.0% |
| Recurring financial income | 75 | €368 | €0 | -€368 | -100.0% |
| Financial charges | 65/66B | €118,369 | €206,612 | +€88,242 | +74.5% |
| Recurring financial charges | 65 | €118,369 | €206,612 | +€88,242 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,945 | -€727 | +€11,218 | +93.9% |
| Profit (loss) for the period | 9904 | -€11,945 | -€727 | +€11,218 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,945 | -€727 | +€11,218 | +93.9% |
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 15 October 2026 via checked.be.