SAKURA PARTNERS: 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 PARTNERS
Largest movements
- Cash -€15,366
down €15,366 (-13.4%), from €114,807 to €99,441
mainly Contributions, distributions and other (-€61,551) and Net result for the year (-€15,656)
- Deferred charges and accrued income -€2,153
down €2,153 (-68.7%), from €3,134 to €981
- Receivables within one year +€2,101
up €2,101 (+12.2%), from €17,177 to €19,278
of which Trade receivables: +€1,193
- Reserves -€61,551
down €61,551 (-79.4%), from €77,542 to €15,991
of which Distributable reserves: -€61,551
- Other debts +€38,167
up €38,167 (+150%), from €25,407 to €63,575
- Debts after one year +€25,000
new in 2025: €25,000
- Profit (loss) carried forward -€15,656
new in 2025: -€15,656
- Short-term financial debts -€1,354
down €1,354 (-100%), from €1,354 to €0
- Financial charges +€13,525
up €13,525 (+40.9%), from €33,066 to €46,592
- Gross operating margin -€10,946
down €10,946 (-25.5%), from €42,917 to €31,971
- Taxes -€3,282
down €3,282 (-94.9%), from €3,458 to €176
- Depreciation -€1,426
down €1,426 (-100%), from €1,426 to €0
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 | €135,118 | €119,700 | -€15,419 | -11.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €135,118 | €119,700 | -€15,419 | -11.4% |
| Amounts receivable within one year | 40/41 | €17,177 | €19,278 | +€2,101 | +12.2% |
| Trade receivables | 40 | €17,177 | €18,370 | +€1,193 | +6.9% |
| Other amounts receivable | 41 | - | €908 | +€908 | |
| Cash at bank and in hand | 54/58 | €114,807 | €99,441 | -€15,366 | -13.4% |
| Deferred charges and accrued income | 490/1 | €3,134 | €981 | -€2,153 | -68.7% |
| Total equity and liabilities | 10/49 | €135,118 | €119,700 | -€15,419 | -11.4% |
| Equity | 10/15 | €96,142 | €18,935 | -€77,206 | -80.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,542 | €15,991 | -€61,551 | -79.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,682 | €14,131 | -€61,551 | -81.3% |
| Profit (loss) carried forward | 14 | - | -€15,656 | -€15,656 | |
| Amounts payable | 17/49 | €38,977 | €100,764 | +€61,787 | +159% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €38,977 | €75,764 | +€36,787 | +94.4% |
| Financial debts | 43 | €1,354 | €0 | -€1,354 | -100% |
| Credit institutions | 430/8 | €1,354 | €0 | -€1,354 | -100% |
| Trade debts | 44 | €2,013 | €2,513 | +€501 | +24.9% |
| Suppliers | 440/4 | €2,013 | €2,513 | +€501 | +24.9% |
| Taxes, remuneration and social security | 45 | €10,203 | €9,676 | -€527 | -5.2% |
| Taxes | 450/3 | €10,203 | €9,676 | -€527 | -5.2% |
| Other amounts payable | 47/48 | €25,407 | €63,575 | +€38,167 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €0 | -€1,426 | -100% |
| Other operating charges | 640/8 | €791 | €866 | +€75 | +9.4% |
| Non-recurring operating charges | 66A | €337 | €0 | -€337 | -100% |
| Gross operating margin | 9900 | €42,917 | €31,971 | -€10,946 | -25.5% |
| Operating profit (loss) | 9901 | €40,363 | €31,105 | -€9,257 | -22.9% |
| Financial income | 75/76B | €52 | €7 | -€45 | -87.0% |
| Recurring financial income | 75 | €52 | €7 | -€45 | -87.0% |
| Financial charges | 65/66B | €33,066 | €46,592 | +€13,525 | +40.9% |
| Recurring financial charges | 65 | €33,066 | €46,592 | +€13,525 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €7,348 | -€15,479 | -€22,828 | |
| Income taxes | 67/77 | €3,458 | €176 | -€3,282 | -94.9% |
| Profit (loss) for the period | 9904 | €3,890 | -€15,656 | -€19,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,890 | -€15,656 | -€19,546 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.