AS-SADDIQ: 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.
AS-SADDIQ
Largest movements
- Receivables within one year -€99,366
down €99,366 (-82.1%), from €121,047 to €21,681
of which Trade receivables: -€81,648
- Cash -€5,571
down €5,571 (-92.9%), from €5,999 to €428
mainly Advances received (-€110,760) and Net result for the year (-€5,816)
- Advances received -€110,760
down €110,760 (-100%), from €110,760 to €0
- Other debts +€11,638
new in 2025: €11,638
- Profit (loss) carried forward -€5,816
down €5,816 (-251%), from -€2,314 to -€8,130
- Gross operating margin -€5,124
down €5,124, from €968 to -€4,155
- Other operating charges +€1,185
up €1,185 (+1,004%), from €118 to €1,303
- Financial charges +€50
up €50 (+16.3%), from €307 to €357
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 | €127,046 | €22,109 | -€104,937 | -82.6% |
| Current assets | 29/58 | €127,046 | €22,109 | -€104,937 | -82.6% |
| Amounts receivable within one year | 40/41 | €121,047 | €21,681 | -€99,366 | -82.1% |
| Trade receivables | 40 | €102,481 | €20,833 | -€81,648 | -79.7% |
| Other amounts receivable | 41 | €18,566 | €848 | -€17,718 | -95.4% |
| Cash at bank and in hand | 54/58 | €5,999 | €428 | -€5,571 | -92.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €127,046 | €22,109 | -€104,937 | -82.6% |
| Equity | 10/15 | €16,286 | €10,470 | -€5,816 | -35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,314 | -€8,130 | -€5,816 | -251% |
| Amounts payable | 17/49 | €110,760 | €11,638 | -€99,122 | -89.5% |
| Amounts payable within one year | 42/48 | €110,760 | €11,638 | -€99,122 | -89.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €110,760 | €0 | -€110,760 | -100% |
| Other amounts payable | 47/48 | - | €11,638 | +€11,638 | |
| Other operating charges | 640/8 | €118 | €1,303 | +€1,185 | +1,004% |
| Gross operating margin | 9900 | €968 | -€4,155 | -€5,124 | |
| Operating profit (loss) | 9901 | €850 | -€5,458 | -€6,309 | |
| Financial charges | 65/66B | €307 | €357 | +€50 | +16.3% |
| Recurring financial charges | 65 | €307 | €357 | +€50 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €543 | -€5,816 | -€6,359 | |
| Profit (loss) for the period | 9904 | €543 | -€5,816 | -€6,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €543 | -€5,816 | -€6,359 |
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 15 October 2026 via checked.be.