SAS INTERLINE ACL: 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.
SAS INTERLINE ACL
Largest movements
- Receivables within one year +€356,316
up €356,316 (+90.3%), from €394,506 to €750,822
of which Other amounts receivable: +€280,429
- Tangible fixed assets +€256,669
up €256,669 (+71.1%), from €361,247 to €617,916
of which Leasing and similar rights: +€215,031
- Stocks and contracts -€129,397
no longer reported in 2025 (was €129,397)
- Cash -€45,155
no longer reported in 2025 (was €45,155)
mainly Investment in fixed assets (net) (-€403,266) and Receivables within one year (-€356,316)
- Deferred charges and accrued income +€23,036
up €23,036 (+317%), from €7,270 to €30,306
- Profit (loss) carried forward +€164,531
up €164,531 (+75.6%), from €217,545 to €382,076
- Debts after one year +€133,973
up €133,973 (+42.3%), from €316,979 to €450,952
- Trade debts +€128,377
up €128,377 (+152%), from €84,598 to €212,975
- Short-term financial debts -€56,390
down €56,390 (-48.5%), from €116,212 to €59,821
- Current portion of long-term debt +€55,123
up €55,123 (+40.0%), from €137,886 to €193,009
- Gross operating margin +€383,367
up €383,367 (+61.1%), from €627,898 to €1.0m
- Staff costs +€222,111
up €222,111 (+63.9%), from €347,417 to €569,528
- Depreciation +€72,062
up €72,062 (+89.1%), from €80,844 to €152,906
- Financial charges +€15,008
up €15,008 (+40.3%), from €37,208 to €52,216
- Other operating charges +€14,791
up €14,791 (+360%), from €4,104 to €18,895
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 | €945,204 | €1,400,365 | +€455,161 | +48.2% |
| Fixed assets | 21/28 | €368,876 | €619,236 | +€250,361 | +67.9% |
| Tangible fixed assets | 22/27 | €361,247 | €617,916 | +€256,669 | +71.1% |
| Plant, machinery and equipment | 23 | €12,925 | €7,024 | -€5,902 | -45.7% |
| Furniture and vehicles | 24 | €49,746 | €100,211 | +€50,465 | +101% |
| Leasing and similar rights | 25 | €240,955 | €455,985 | +€215,031 | +89.2% |
| Other tangible fixed assets | 26 | €57,621 | €54,696 | -€2,925 | -5.1% |
| Financial fixed assets | 28 | €7,629 | €1,321 | -€6,308 | -82.7% |
| Current assets | 29/58 | €576,328 | €781,128 | +€204,800 | +35.5% |
| Stocks and contracts in progress | 3 | €129,397 | - | -€129,397 | |
| Stocks | 30/36 | €129,397 | - | -€129,397 | |
| Amounts receivable within one year | 40/41 | €394,506 | €750,822 | +€356,316 | +90.3% |
| Trade receivables | 40 | €287,318 | €363,204 | +€75,887 | +26.4% |
| Other amounts receivable | 41 | €107,189 | €387,618 | +€280,429 | +262% |
| Cash at bank and in hand | 54/58 | €45,155 | - | -€45,155 | |
| Deferred charges and accrued income | 490/1 | €7,270 | €30,306 | +€23,036 | +317% |
| Total equity and liabilities | 10/49 | €945,204 | €1,400,365 | +€455,161 | +48.2% |
| Equity | 10/15 | €232,545 | €397,076 | +€164,531 | +70.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,545 | €382,076 | +€164,531 | +75.6% |
| Amounts payable | 17/49 | €712,659 | €1,003,289 | +€290,630 | +40.8% |
| Amounts payable after more than one year | 17 | €316,979 | €450,952 | +€133,973 | +42.3% |
| Financial debts | 170/4 | €316,979 | €450,952 | +€133,973 | +42.3% |
| Amounts payable within one year | 42/48 | €389,680 | €543,145 | +€153,464 | +39.4% |
| Current portion of amounts payable after more than one year | 42 | €137,886 | €193,009 | +€55,123 | +40.0% |
| Financial debts | 43 | €116,212 | €59,821 | -€56,390 | -48.5% |
| Credit institutions | 430/8 | €116,212 | €59,821 | -€56,390 | -48.5% |
| Trade debts | 44 | €84,598 | €212,975 | +€128,377 | +152% |
| Suppliers | 440/4 | €84,598 | €212,975 | +€128,377 | +152% |
| Taxes, remuneration and social security | 45 | €49,984 | €76,338 | +€26,354 | +52.7% |
| Taxes | 450/3 | €25,922 | €52,597 | +€26,676 | +103% |
| Remuneration and social security | 454/9 | €24,062 | €23,741 | -€321 | -1.3% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,000 | €9,192 | +€3,193 | +53.2% |
| Non-recurring operating income | 76A | €25,000 | €54,000 | +€29,000 | +116% |
| Remuneration, social security and pensions | 62 | €347,417 | €569,528 | +€222,111 | +63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,844 | €152,906 | +€72,062 | +89.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €750 | €10,950 | +€10,200 | +1,360% |
| Other operating charges | 640/8 | €4,104 | €18,895 | +€14,791 | +360% |
| Non-recurring operating charges | 66A | - | €314 | +€314 | |
| Gross operating margin | 9900 | €627,898 | €1,011,265 | +€383,367 | +61.1% |
| Operating profit (loss) | 9901 | €194,783 | €258,673 | +€63,890 | +32.8% |
| Financial income | 75/76B | €14,833 | €6,415 | -€8,418 | -56.8% |
| Recurring financial income | 75 | €14,833 | €6,415 | -€8,418 | -56.8% |
| Financial charges | 65/66B | €37,208 | €52,216 | +€15,008 | +40.3% |
| Recurring financial charges | 65 | €37,208 | €52,216 | +€15,008 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €172,409 | €212,872 | +€40,463 | +23.5% |
| Income taxes | 67/77 | €35,983 | €47,341 | +€11,358 | +31.6% |
| Profit (loss) for the period | 9904 | €136,426 | €165,531 | +€29,105 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,426 | €165,531 | +€29,105 | +21.3% |
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 23 October 2026 via checked.be.