SASCO: 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.
SASCO
Largest movements
- Receivables within one year -€58,349
down €58,349 (-25.3%), from €230,932 to €172,583
of which Trade receivables: -€32,854
- Reserves +€200,733
up €200,733 (+27.5%), from €731,235 to €931,968
- Other debts -€147,724
down €147,724 (-48.6%), from €304,213 to €156,490
- Debts after one year -€45,533
down €45,533 (-7.7%), from €592,629 to €547,096
- Trade debts -€29,457
down €29,457 (-96.1%), from €30,637 to €1,180
- Current portion of long-term debt -€28,723
down €28,723 (-38.7%), from €74,256 to €45,533
- Gross operating margin +€196,162
up €196,162 (+135%), from €144,815 to €340,977
- Taxes +€62,451
up €62,451 (+240%), from €25,983 to €88,435
- Financial charges -€6,841
down €6,841 (-16.3%), from €41,858 to €35,017
- Depreciation +€4,771
up €4,771 (+48.9%), from €9,766 to €14,537
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 | €1,800,459 | €1,741,797 | -€58,661 | -3.3% |
| Fixed assets | 21/28 | €1,463,159 | €1,463,699 | +€541 | 0.0% |
| Tangible fixed assets | 22/27 | €253,353 | €253,893 | +€541 | +0.2% |
| Land and buildings | 22 | €252,395 | €251,302 | -€1,093 | -0.4% |
| Furniture and vehicles | 24 | €957 | €2,591 | +€1,634 | +171% |
| Financial fixed assets | 28 | €1,209,806 | €1,209,806 | = | 0.0% |
| Current assets | 29/58 | €337,300 | €278,098 | -€59,202 | -17.6% |
| Amounts receivable within one year | 40/41 | €230,932 | €172,583 | -€58,349 | -25.3% |
| Trade receivables | 40 | €129,808 | €96,954 | -€32,854 | -25.3% |
| Other amounts receivable | 41 | €101,124 | €75,629 | -€25,494 | -25.2% |
| Cash at bank and in hand | 54/58 | €106,368 | €105,515 | -€853 | -0.8% |
| Total equity and liabilities | 10/49 | €1,800,459 | €1,741,797 | -€58,661 | -3.3% |
| Equity | 10/15 | €749,785 | €950,518 | +€200,733 | +26.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €731,235 | €931,968 | +€200,733 | +27.5% |
| Distributable reserves | 133 | €731,235 | €931,968 | +€200,733 | +27.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,050,674 | €791,279 | -€259,395 | -24.7% |
| Amounts payable after more than one year | 17 | €592,629 | €547,096 | -€45,533 | -7.7% |
| Financial debts | 170/4 | €592,629 | €547,096 | -€45,533 | -7.7% |
| Amounts payable within one year | 42/48 | €433,164 | €217,132 | -€216,032 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €74,256 | €45,533 | -€28,723 | -38.7% |
| Trade debts | 44 | €30,637 | €1,180 | -€29,457 | -96.1% |
| Suppliers | 440/4 | €30,637 | €1,180 | -€29,457 | -96.1% |
| Taxes, remuneration and social security | 45 | €24,058 | €13,930 | -€10,128 | -42.1% |
| Taxes | 450/3 | €24,058 | €13,930 | -€10,128 | -42.1% |
| Other amounts payable | 47/48 | €304,213 | €156,490 | -€147,724 | -48.6% |
| Accrued charges and deferred income | 492/3 | €24,881 | €27,051 | +€2,171 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,766 | €14,537 | +€4,771 | +48.9% |
| Other operating charges | 640/8 | €1,756 | €1,430 | -€326 | -18.6% |
| Gross operating margin | 9900 | €144,815 | €340,977 | +€196,162 | +135% |
| Operating profit (loss) | 9901 | €133,293 | €325,010 | +€191,717 | +144% |
| Financial income | 75/76B | €1,718 | €842 | -€877 | -51.0% |
| Recurring financial income | 75 | €1,718 | €842 | -€877 | -51.0% |
| Financial charges | 65/66B | €41,858 | €35,017 | -€6,841 | -16.3% |
| Recurring financial charges | 65 | €41,858 | €35,017 | -€6,841 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €93,153 | €290,834 | +€197,681 | +212% |
| Income taxes | 67/77 | €25,983 | €88,435 | +€62,451 | +240% |
| Profit (loss) for the period | 9904 | €67,170 | €202,399 | +€135,229 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €67,170 | €202,399 | +€135,229 | +201% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.