SACOFI: 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.
What changed
SACOFI
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€20,072
2024 · €39,336-€59,408
Equity
€1.4m
2024 · €1.4m-€20,072
Cash
€415
2024 · €1,137-€722
Balance sheet total
€16.3m
2024 · €5.8m+€10.5m
Largest movements
Assets
- Financial fixed assets +€10.5m
up €10.5m (+189%), from €5.5m to €16.0m
Equity and liabilities
- Other debts +€10.4m
up €10.4m (+1,675,147%), from €620 to €10.4m
Income statement
- Staff costs +€203,692
up €203,692 (+39.6%), from €514,481 to €718,173
- Gross operating margin +€143,004
up €143,004 (+22.9%), from €624,062 to €767,067
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.
Result 2024
€39,336
Gross operating margin
+€143,004
Staff costs
-€203,692
Other operating charges
-€209
Financial income
-€0
Financial charges
-€2,888
Taxes
+€4,376
Result 2025
-€20,072
raises the resultlowers the result
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.
From operations
+€10.4m
Investment
-€10.5m
Financing
+€39,848
Cash 2024
€1,137
From operations (derived)
+€10.4m
Net result for the year
-€20,072
Receivables within one year
-€40,314
Deferred charges and accrued income
-€34,994
Trade debts
+€37,214
Tax, wage and social debts
+€91,942
Other debts
+€10.4m
Accrued charges and deferred income
-€256
Investment (derived)
-€10.5m
Investment in fixed assets (net)
-€10.5m
Financing
+€39,848
Debts after one year
+€39,848
Cash 2025
€415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,793,729 | €16,323,797 | +€10.5m | +182% |
| Fixed assets | 21/28 | €5,533,168 | €15,988,650 | +€10.5m | +189% |
| Financial fixed assets | 28 | €5,533,168 | €15,988,650 | +€10.5m | +189% |
| Current assets | 29/58 | €260,561 | €335,148 | +€74,587 | +28.6% |
| Amounts receivable within one year | 40/41 | €255,282 | €295,596 | +€40,314 | +15.8% |
| Trade receivables | 40 | €255,282 | €295,422 | +€40,140 | +15.7% |
| Other amounts receivable | 41 | - | €174 | +€174 | |
| Cash at bank and in hand | 54/58 | €1,137 | €415 | -€722 | -63.5% |
| Deferred charges and accrued income | 490/1 | €4,142 | €39,137 | +€34,994 | +845% |
| Total equity and liabilities | 10/49 | €5,793,729 | €16,323,797 | +€10.5m | +182% |
| Equity | 10/15 | €1,428,850 | €1,408,779 | -€20,072 | -1.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,263,850 | €1,243,779 | -€20,072 | -1.6% |
| Amounts payable | 17/49 | €4,364,879 | €14,915,019 | +€10.6m | +242% |
| Amounts payable after more than one year | 17 | €4,200,015 | €4,239,864 | +€39,848 | +0.9% |
| Other amounts payable | 178/9 | €4,200,015 | €4,239,864 | +€39,848 | +0.9% |
| Amounts payable within one year | 42/48 | €164,490 | €10,675,037 | +€10.5m | +6,390% |
| Trade debts | 44 | €58,393 | €95,606 | +€37,214 | +63.7% |
| Suppliers | 440/4 | €58,393 | €95,606 | +€37,214 | +63.7% |
| Taxes, remuneration and social security | 45 | €105,477 | €197,419 | +€91,942 | +87.2% |
| Taxes | 450/3 | €48,935 | €102,093 | +€53,159 | +109% |
| Remuneration and social security | 454/9 | €56,543 | €95,326 | +€38,784 | +68.6% |
| Other amounts payable | 47/48 | €620 | €10,382,011 | +€10.4m | +1,675,147% |
| Accrued charges and deferred income | 492/3 | €374 | €118 | -€256 | -68.4% |
| Remuneration, social security and pensions | 62 | €514,481 | €718,173 | +€203,692 | +39.6% |
| Other operating charges | 640/8 | €3,696 | €3,905 | +€209 | +5.7% |
| Gross operating margin | 9900 | €624,062 | €767,067 | +€143,004 | +22.9% |
| Operating profit (loss) | 9901 | €105,886 | €44,989 | -€60,897 | -57.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €56,673 | €59,560 | +€2,888 | +5.1% |
| Recurring financial charges | 65 | €56,673 | €59,560 | +€2,888 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €49,213 | -€14,571 | -€63,784 | |
| Income taxes | 67/77 | €9,877 | €5,500 | -€4,376 | -44.3% |
| Profit (loss) for the period | 9904 | €39,336 | -€20,072 | -€59,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,336 | -€20,072 | -€59,408 |
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 26 October 2026 via checked.be.