BOUWONDERNEMING SAEY: 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.
BOUWONDERNEMING SAEY
Largest movements
- Cash +€102,425
up €102,425 (+35.1%), from €291,770 to €394,195
mainly Net result for the year (+€68,437) and Trade debts (+€66,736)
- Tangible fixed assets +€40,128
up €40,128 (+82.8%), from €48,452 to €88,581
of which Leasing and similar rights: +€48,816
- Trade debts +€66,736
up €66,736 (+1,258%), from €5,304 to €72,040
- Other debts +€23,464
up €23,464 (+19.5%), from €120,273 to €143,736
- Debts after one year +€22,446
up €22,446 (+112%), from €20,035 to €42,480
- Reserves +€18,437
up €18,437 (+9.8%), from €188,647 to €207,084
- Current portion of long-term debt +€9,155
up €9,155 (+54.0%), from €16,942 to €26,097
- Gross operating margin +€18,343
up €18,343 (+15.9%), from €115,095 to €133,437
- Depreciation +€3,874
up €3,874 (+10.7%), from €36,227 to €40,101
- Taxes +€2,521
up €2,521 (+12.4%), from €20,315 to €22,837
- Financial charges -€1,368
down €1,368 (-26.6%), from €5,139 to €3,771
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 | €370,492 | €515,416 | +€144,925 | +39.1% |
| Fixed assets | 21/28 | €49,201 | €89,142 | +€39,941 | +81.2% |
| Intangible fixed assets | 21 | €748 | €561 | -€187 | -25.0% |
| Tangible fixed assets | 22/27 | €48,452 | €88,581 | +€40,128 | +82.8% |
| Plant, machinery and equipment | 23 | €14,502 | €27,731 | +€13,229 | +91.2% |
| Furniture and vehicles | 24 | €33,950 | €12,033 | -€21,918 | -64.6% |
| Leasing and similar rights | 25 | - | €48,816 | +€48,816 | |
| Current assets | 29/58 | €321,291 | €426,275 | +€104,984 | +32.7% |
| Amounts receivable within one year | 40/41 | €22,542 | €26,843 | +€4,301 | +19.1% |
| Trade receivables | 40 | €1,079 | €21,843 | +€20,765 | +1,925% |
| Other amounts receivable | 41 | €21,464 | €5,000 | -€16,464 | -76.7% |
| Cash at bank and in hand | 54/58 | €291,770 | €394,195 | +€102,425 | +35.1% |
| Deferred charges and accrued income | 490/1 | €6,979 | €5,236 | -€1,742 | -25.0% |
| Total equity and liabilities | 10/49 | €370,492 | €515,416 | +€144,925 | +39.1% |
| Equity | 10/15 | €207,239 | €225,676 | +€18,437 | +8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €188,647 | €207,084 | +€18,437 | +9.8% |
| Distributable reserves | 133 | €188,647 | €207,084 | +€18,437 | +9.8% |
| Amounts payable | 17/49 | €163,253 | €289,740 | +€126,487 | +77.5% |
| Amounts payable after more than one year | 17 | €20,035 | €42,480 | +€22,446 | +112% |
| Financial debts | 170/4 | €20,035 | €42,480 | +€22,446 | +112% |
| Amounts payable within one year | 42/48 | €143,218 | €247,260 | +€104,042 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €16,942 | €26,097 | +€9,155 | +54.0% |
| Trade debts | 44 | €5,304 | €72,040 | +€66,736 | +1,258% |
| Suppliers | 440/4 | €5,304 | €72,040 | +€66,736 | +1,258% |
| Advances received on contracts in progress | 46 | €700 | - | -€700 | |
| Taxes, remuneration and social security | 45 | - | €5,387 | +€5,387 | |
| Taxes | 450/3 | - | €3,683 | +€3,683 | |
| Remuneration and social security | 454/9 | - | €1,704 | +€1,704 | |
| Other amounts payable | 47/48 | €120,273 | €143,736 | +€23,464 | +19.5% |
| Non-recurring operating income | 76A | €579 | - | -€579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,227 | €40,101 | +€3,874 | +10.7% |
| Other operating charges | 640/8 | €835 | €681 | -€154 | -18.4% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €115,095 | €133,437 | +€18,343 | +15.9% |
| Operating profit (loss) | 9901 | €78,034 | €92,056 | +€14,022 | +18.0% |
| Financial income | 75/76B | €2,585 | €2,990 | +€405 | +15.7% |
| Recurring financial income | 75 | €2,585 | €2,990 | +€405 | +15.7% |
| Financial charges | 65/66B | €5,139 | €3,771 | -€1,368 | -26.6% |
| Recurring financial charges | 65 | €5,139 | €3,771 | -€1,368 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €75,479 | €91,274 | +€15,795 | +20.9% |
| Income taxes | 67/77 | €20,315 | €22,837 | +€2,521 | +12.4% |
| Profit (loss) for the period | 9904 | €55,164 | €68,437 | +€13,274 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,164 | €68,437 | +€13,274 | +24.1% |
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 20 October 2026 via checked.be.