SASIRO: 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.
SASIRO
Largest movements
- Receivables within one year +€54,441
up €54,441 (+99.6%), from €54,675 to €109,116
of which Other amounts receivable: +€54,441
- Stocks and contracts -€28,652
down €28,652 (-49.7%), from €57,641 to €28,989
- Tangible fixed assets -€23,665
down €23,665 (-68.2%), from €34,720 to €11,056
of which Plant, machinery and equipment: -€20,649
- Cash -€4,638
no longer reported in 2025 (was €4,638)
mainly Receivables within one year (-€54,441) and Debts after one year (-€42,366)
- Deferred charges and accrued income -€1,968
down €1,968 (-41.9%), from €4,693 to €2,724
- Debts after one year -€42,366
down €42,366 (-54.9%), from €77,104 to €34,738
- Profit (loss) carried forward +€28,320
up €28,320 (+14.8%), from -€191,104 to -€162,785
- Tax, wage and social debts +€21,831
up €21,831 (+107.1%), from €20,379 to €42,210
of which Taxes: +€13,084
- Advances received +€16,603
new in 2025: €16,603
- Other debts -€15,216
down €15,216 (-17.6%), from €86,337 to €71,121
- Other operating charges -€83,756
down €83,756 (-94.9%), from €88,273 to €4,517
- Gross operating margin -€43,040
down €43,040 (-30.8%), from €139,811 to €96,771
- Staff costs -€11,786
down €11,786 (-37.9%), from €31,085 to €19,299
- Financial charges -€3,619
down €3,619 (-17.1%), from €21,153 to €17,534
- Taxes +€3,481
up €3,481, from -€43 to €3,437
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.
Cash bridge derived
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 | €164,046 | €159,564 | -€4,482 | -2.7% |
| Fixed assets | 21/28 | €42,399 | €18,735 | -€23,665 | -55.8% |
| Tangible fixed assets | 22/27 | €34,720 | €11,056 | -€23,665 | -68.2% |
| Plant, machinery and equipment | 23 | €31,275 | €10,626 | -€20,649 | -66.0% |
| Furniture and vehicles | 24 | €3,445 | €430 | -€3,015 | -87.5% |
| Financial fixed assets | 28 | €7,679 | €7,679 | = | 0.0% |
| Current assets | 29/58 | €121,647 | €140,830 | +€19,183 | +15.8% |
| Stocks and contracts in progress | 3 | €57,641 | €28,989 | -€28,652 | -49.7% |
| Stocks | 30/36 | €57,641 | €28,989 | -€28,652 | -49.7% |
| Amounts receivable within one year | 40/41 | €54,675 | €109,116 | +€54,441 | +99.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €54,675 | €109,116 | +€54,441 | +99.6% |
| Cash at bank and in hand | 54/58 | €4,638 | - | -€4,638 | |
| Deferred charges and accrued income | 490/1 | €4,693 | €2,724 | -€1,968 | -41.9% |
| Total equity and liabilities | 10/49 | €164,046 | €159,564 | -€4,482 | -2.7% |
| Equity | 10/15 | -€104,004 | -€75,685 | +€28,320 | +27.2% |
| Contributions | 10/11 | €87,100 | €87,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,104 | -€162,785 | +€28,320 | +14.8% |
| Amounts payable | 17/49 | €268,050 | €235,249 | -€32,801 | -12.2% |
| Amounts payable after more than one year | 17 | €77,104 | €34,738 | -€42,366 | -54.9% |
| Financial debts | 170/4 | €77,104 | €34,738 | -€42,366 | -54.9% |
| Amounts payable within one year | 42/48 | €190,947 | €200,511 | +€9,565 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €39,487 | €42,366 | +€2,879 | +7.3% |
| Financial debts | 43 | €31,333 | €27,693 | -€3,640 | -11.6% |
| Credit institutions | 430/8 | €31,333 | €27,693 | -€3,640 | -11.6% |
| Trade debts | 44 | €13,411 | €518 | -€12,893 | -96.1% |
| Suppliers | 440/4 | €13,411 | €518 | -€12,893 | -96.1% |
| Advances received on contracts in progress | 46 | - | €16,603 | +€16,603 | |
| Taxes, remuneration and social security | 45 | €20,379 | €42,210 | +€21,831 | +107.1% |
| Taxes | 450/3 | €4,421 | €17,504 | +€13,084 | +296.0% |
| Remuneration and social security | 454/9 | €15,958 | €24,706 | +€8,747 | +54.8% |
| Other amounts payable | 47/48 | €86,337 | €71,121 | -€15,216 | -17.6% |
| Remuneration, social security and pensions | 62 | €31,085 | €19,299 | -€11,786 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,098 | €23,665 | +€1,567 | +7.1% |
| Other operating charges | 640/8 | €88,273 | €4,517 | -€83,756 | -94.9% |
| Non-recurring operating charges | 66A | €13,255 | - | -€13,255 | |
| Gross operating margin | 9900 | €139,811 | €96,771 | -€43,040 | -30.8% |
| Operating profit (loss) | 9901 | -€14,900 | €49,290 | +€64,190 | |
| Financial income | 75/76B | €7 | €0 | -€6 | -93.5% |
| Recurring financial income | 75 | €7 | €0 | -€6 | -93.5% |
| Financial charges | 65/66B | €21,153 | €17,534 | -€3,619 | -17.1% |
| Recurring financial charges | 65 | €21,153 | €17,534 | -€3,619 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,045 | €31,757 | +€67,802 | |
| Income taxes | 67/77 | -€43 | €3,437 | +€3,481 | |
| Profit (loss) for the period | 9904 | -€36,002 | €28,320 | +€64,322 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,002 | €28,320 | +€64,322 |
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 10 October 2026 via checked.be.